Friday, May 01, 2009

Regulators close Utah-based America West Bank

Date: Fri, 01 May 2009 20:20:28 -0400

Regulators close Utah-based America West Bank
5/1/2009 8:18:31 PM EDT

Stocks in focus for Monday

Date: 1 MAY 2009 22:41:54 GMT

Among the companies whose shares are expected to see active trade in
Monday's session are Sprint Nextel, McKesson, Tyson Foods and Estee
Lauder.

FDIC closes N.J.-based Citizens Community Bank; 31st failure of 2009

Date: Fri, 01 May 2009 17:19:33 -0400

FDIC closes N.J.-based Citizens Community Bank; 31st failure of 2009
5/1/2009 5:17:43 PM EDT

Dow ends 41 points up as better-than-expected economic reports gave investors a boost. Nasdaq, S&P also end slightly higher.

Date: Fri, 1 May 2009 16:02:08 -0400


Dow ends 41 points up as better-than-expected economic reports gave
investors a boost. Nasdaq, S&P also end slightly higher.

Chrysler posts April U.S. sales skid of 48%; Ford, GM sales down about one-third

Date: Fri, 01 May 2009 14:59:34 -0400

Chrysler posts April U.S. sales skid of 48%; Ford, GM sales down about one-third
5/1/2009 2:57:31 PM EDT

Results of U.S. bank stress tests to be released Thursday: report

Date: Fri, 01 May 2009 11:06:16 -0400

Results of U.S. bank stress tests to be released Thursday: report
5/1/2009 11:04:17 AM EDT

Manufacturing contraction slows in April, ISM says

Date: Fri, 01 May 2009 12:03:37 -0400

Manufacturing contraction slows in April, ISM says

The factory sector contracts again in April, but the pace of decline
slows, according to the Institute for Supply Management index.

CITI SELLING JAPANESE UNIT IN $7.9 BLN DEAL

Citigroup says Friday it's selling its Japanese domestic securities
business to Sumitomo Mitusi Banking Corp. in a deal with a total cash
value of 774.5
billion yen ($7.9 billion).

CONTINENTAL TO HALVE ITS MEXICO FLIGHT CAPACITY

Continental Airlines says it will roll back half its capacity for flights to
Mexico, making it the first major airline to respond to traveler panic
and flight cancellations due to the deadly virus swine flu.

ECONOMIC REPORT: JAPAN PRICES FALL IN MARCH, UNEMPLOYMENT RISES

Japan's core consumer price index falls 0.1% in March, the first
year-over-year decline since late 2007, raising concerns of a possible
deflationary spiral.

Manufacturing activity in April improves in sign that the contraction is slowing, according to purchasing managers' group ISM.

Date: Fri, 1 May 2009 10:04:13 -0400

Manufacturing activity in April improves in sign that the contraction
is slowing, according to purchasing managers' group ISM.

ISM manufacturing index for April improves to highest since September 2008

Date: Fri, 01 May 2009 10:05:02 -0400

ISM manufacturing index for April improves to highest since September 2008
5/1/2009 10:03:09 AM EDT

GM shares trade down 8% as Dow paces modest early U.S. pullback

Date: Fri, 01 May 2009 09:44:11 -0400

GM shares trade down 8% as Dow paces modest early U.S. pullback
5/1/2009 9:42:24 AM EDT

Thursday, April 30, 2009

Breaking News: Supreme Court's Souter to retire, reports say

Subject: Breaking News: Supreme Court's Souter to retire, reports

WASHINGTON - Justice David Souter has told the White House that he
will retire from the Supreme Court at the end of the court's term in
June, sources tell The Associated Press and National Public Radio.

Stocks in focus for Friday

Date: 1 MAY 2009 00:27:04 GMT

Among the companies whose shares are expected to see active trade in
Friday's session are Chevron, MasterCard and Clorox.

Dow industrials finish up 7% for April; S&P's monthly gain is biggest since 2000

Date: Apr 30, 2009 4:08 PM

Dow industrials finish up 7% for April; S&P's monthly gain is biggest
since 2000
4/30/2009 4:06:16 PM EDT

Stocks close flat on a day that American icon Chrysler filed for Chapter 11 bankruptcy.

Date: Thu, 30 Apr 2009 16:03:09 -0400

Stocks close flat on a day that American icon Chrysler filed for
Chapter 11 bankruptcy.

Number of people filing first-time unemployment claims fell 14,000 last week to 631,000, U.S. says. Continuing claims: 6.27 million.

Date: Thu, 30 Apr 2009 08:37:03 -0400

Number of people filing first-time unemployment claims fell 14,000
last week to 631,000, U.S. says. Continuing claims: 6.27 million.

Chrysler says it has filed for Chapter 11 bankruptcy; automaker says it should emerge as a 'leaner' company in 30 to 60 days.

Date: Thu, 30 Apr 2009 13:03:06 -0400


Chrysler says it has filed for Chapter 11 bankruptcy; automaker says
it should emerge as a 'leaner' company in 30 to 60 days.

Initial jobless claims fall, hinting of recovery

Date: Thu, 30 Apr 2009 12:01:28 -0400

Initial jobless claims fall, hinting of recovery

First-time filing for state unemployment benefits fell in the latest
week, a possible sign that the worst of the recession may be over.

CHRYSLER BANKRUPTCY 'IMMINENT' , WSJ

Chrysler is all but certain to file for bankruptcy following a
breakdown in talks between the Treasury and the car maker's lenders,
The Wall Street Journal reports.

BONDHOLDERS PROPOSE TO SWAP DEBT FOR GM CONTROL

General Motors bondholders on Thursday will present a counteroffer to
the automaker's debt swap that would relieve creditors of their $27
billion of debt
in return for a majority stake in the company.

EXXON NET DOWN 58% ON LOWER OIL PRICES

Exxon Mobil Corp. said Thursday first-quarter profit dropped by 58% on
lower oil prices and slack energy demand in the face of the global
recession.

ECONOMIC REPORT: CONSUMER SPENDING TAKES ONE STEP BACK IN MARCH

Consumer spending and incomes take a step back in March after two
steps forward in January, a sign that the improvement in the consumer
sector in the first
quarter was fragile and tentative.

Chrysler to file bankruptcy 'almost immediately'; has reached deal with Fiat to stay in business - senior administration official.

Date: Thu, 30 Apr 2009 12:02:08 -0400

Chrysler to file bankruptcy 'almost immediately'; has reached deal
with Fiat to stay in business - senior administration official.

Obama: 'Every dime of taxpayer money will be repaid' before Fiat takes control of Chrysler. Fiat has agreed to transfer technology.

Date: Thu, 30 Apr 2009 12:17:07 -0400

Obama: 'Every dime of taxpayer money will be repaid' before Fiat takes
control of Chrysler. Fiat has agreed to transfer technology.

Chrysler talks collapse, bankruptcy imminent: WSJ

Date: Thu, 30 Apr 2009 00:23:27 -0400

Chrysler talks collapse, bankruptcy imminent: WSJ
4/30/2009 12:21:32 AM EDT

Wednesday, April 29, 2009

Energy: Stocks in focus for Thursday

Date: 30 APR 2009 01:50:59 GMT

Among the companies whose shares are expected to see active trade in
Thursday's session are ExxonMobil, Procter & Gamble and Comcast.

Bank of America says CEO Ken Lewis has been removed as company chairman but will remain CEO and president.

Date: Wed, Apr 29, 2009 at 5:43 PM


Bank of America says CEO Ken Lewis has been removed as company
chairman but will remain CEO and president.

Breaking News: WHO raises flu alert level to phase 5

Date: Wed, 29 Apr 2009 15:18:55 -0500

GENEVA (AP) - The World Health Organization has raised its pandemic
alert for swine flu to the second highest level, meaning that it
believes a global outbreak of the disease is imminent. WHO says the
phase 5 alert means there is sustained human-to-human spread in at
least two countries. It also signals that efforts to produce a vaccine
will be ramped up.

Stocks fall back from day's highs but end up after Fed keeps rates near zero. Dow closes 164 points higher. Nasdaq, S&P up 2%.

Date: Wed, 29 Apr 2009 16:01:09 -0400

Stocks fall back from day's highs but end up after Fed keeps rates
near zero. Dow closes 164 points higher. Nasdaq, S&P up 2%.

Breaking News Wed., April 29, 2009

Date: Wed, 29 Apr 2009 13:28:59 -0700 (PDT)

World Health Organization Raises Alert Level for Swine Flu to Phase 5.
[4:11 p.m.]

Fed calls U.S. economic outlook modestly improved; target rates unchanged

Date: Wed, 29 Apr 2009 14:19:47 -0400

Fed calls U.S. economic outlook modestly improved; target rates unchanged
4/29/2009 2:17:55 PM EDT

Economy continues to contract and will stay 'weak for a time,' though outlook has improved since March. Rates stay near zero.

Date: Wed, 29 Apr 2009 14:21:13 -0400

Fed: Economy continues to contract and will stay 'weak for a time,'
though outlook has improved since March. Rates stay near zero.

Dow industrials up 240 points to intraday high after Fed announcement

Date: Wed, 29 Apr 2009 14:37:59 -0400

Dow industrials up 240 points to intraday high after Fed announcement
4/29/2009 2:36:02 PM EDT

Shareholder vote concludes on whether Bank of America CEO Ken Lewis stays chairman; company not sure when results will be released.

Date: Wed, 29 Apr 2009 13:27:06 -0400

Shareholder vote concludes on whether Bank of America CEO Ken Lewis
stays chairman; company not sure when results will be released.

Breaking News Wed., April 29, 2009

Date: Wed, 29 Apr 2009 08:42:48 -0700 (PDT)

Confirmed U.S. Swine Flu Cases Now at 91 [11:24 a.m. ET]

Treasury to auction record $71 billion next week

Date: Wed, 29 Apr 2009 12:01:16 -0400

Treasury to auction record $71 billion next week

The federal government plans to auction a record $71 billion of
securities next week, seeking to raise cash to pay for massive
spending plans designed to get the economy moving again. At this rate,
the debt ceiling will be reached during the second half of the year,
the Treasury says.

E-TRADE SHARES LOSE 30% ON CAPITAL CONCERNS

Shares of E-Trade Financial Corp. were clobbered
Wednesday after the firm reported weaker quarterly financial results
said its regulator has ordered it to beef up its balance sheet,
sparking concern a capital raise could dilute shareholders.

ECONOMIC REPORT: GDP FALLS 6.1% ON RECORD DROP IN INVESTMENTS

The U.S. economy contracts violently again in the first quarter of the
year as business investment declines at a record rate, the Commerce
Department reports.

US STOCKS CLIMB AS FOCUS TURNS TO ECONOMY

U.S. stocks climbed Wednesday as investors focused more intensely on
the U.S. economy, which shrank more quickly than expected but showed a
few signs of life
as well in the first quarter, according to new data. At 10:20 a.m.
EDT, the Dow Jones Industrial Average was up 123 points. The Nasdaq
Composite Index was up 1.8%. The S&P 500 was up 1.7%, helped by gains
in every sector except health
care. It slipped 0.6%, giving back some of the gains it enjoyed the last few
days as buyers bet that drug makers would benefit from the outbreak of swine
flu. Traders are awaiting the outcome of the Federal Reserve's two-day
interest-rate meeting, with a decision due at 2:15 p.m.

CORRECT: U.S. SEES FIRST DEATH FROM SWINE FLU

A 23-month-old has died in Texas, becoming the first U.S. citizen to
die from the swine flu that's left scores dead in Mexico, federal
officials say. President Obama acknowledges a "serious situation."

Dow industrials jump nearly 100 points as U.S. stocks mount opening-bell advance

Date: Wed, 29 Apr 2009 09:43:38 -0400

Dow industrials jump nearly 100 points as U.S. stocks mount opening-bell advance
4/29/2009 9:41:40 AM EDT

Breaking News Wed., April 29, 2009

Date: Wed, 29 Apr 2009 04:14:06 -0700 (PDT)

First U.S. Death From Swine Flu -- 23-Month-Old From Texas -- the CDC
Confirms [6:54 a.m. ET]

Energy: Oil gains 1%, tracking rising U.S. stock futures

Date: 29 APR 2009 13:19:08 GMT

Oil futures gained early Wednesday, as rising U.S. stock futures and
dollar weakness boosted sentiment among energy traders, who seemed to
shrug off a worse-than-expected contraction in the American economy.

Economy contracted by 6.1% in first quarter - much worse than expected - after falling 6.3% in the fourth quarter, government says.

Date: Wed, 29 Apr 2009 08:33:06 -0400

Economy contracted by 6.1% in first quarter - much worse than expected
- after falling 6.3% in the fourth quarter, government says.

Stocks open higher, shrugging off a weak reading on the economy, as investors await the Fed's latest policy-making statement.

Date: Wed, 29 Apr 2009 09:33:09 -0400

Stocks open higher, shrugging off a weak reading on the economy, as
investors await the Fed's latest policy-making statement.

Tuesday, April 28, 2009

Energy: Weak bank earnings may drag Hong Kong shares

Date: 29 APR 2009 01:38:46 GMT

Shares of Bank of China and Bank of Communications are expected to
drop further, pressuring the broader market in Hong Kong, after both
report a decline in first-quarter net interest income.

Breaking News Tue., April 28, 2009

Date: Tue, Apr 28, 2009 at 6:24 PM


Senate Confirms Kathleen Sebelius 65 to 31 as Health and Human
Services Secretary [6:05 PM EST]

Stocks in focus for Wednesday

Date: Tue, Apr 28, 2009 at 7:15 PM

Among the companies whose shares are expected to see active trade in
Wednesday's session are Visa, General Dynamics and Aetna.

Home prices in 20 major cities fall for 31st month; rate of decline slows for 1st time since Oct. 2007, says S&P Case-Shiller.

Date: Tue, 28 Apr 2009 09:06:06 -0400


Home prices in 20 major cities fall for 31st month; rate of decline
slows for 1st time since Oct. 2007, says S&P Case-Shiller.

Breaking News: GOP Sen. Specter to switch parties, sources say

Date: Tue, 28 Apr 2009 11:21:23 -0500

WASHINGTON (AP) - Sources say veteran GOP Sen. Arlen Specter of
Pennsylvania intends to switch parties. The move would help Democrats
in their quest to form a 60-vote filibuster-resistant majority in the
Senate.

Breaking News Tue., April 28, 2009

Date: Tue, 28 Apr 2009 09:28:28 -0700 (PDT)

Senior GOP Sen. Arlen Specter to Switch Parties, Become Democrat [12:06 p.m. ET]

Stocks end down after a choppy session amid worries about swine flu and U.S. banks. Dow drops 12 points, Nasdaq and S&P also down.

Date: Tue, 28 Apr 2009 16:01:07 -0400

Stocks end down after a choppy session amid worries about swine flu
and U.S. banks. Dow drops 12 points, Nasdaq and S&P also down.

Pace of home-price declines eases in February

Date: Tue, 28 Apr 2009 12:01:30 -0400

Pace of home-price declines eases in February

Home prices fall in February for the 31st month in a row, but at a
slower pace than in January.


WHO RAISES ALERT LEVEL AS SWINE FLU CASES RISE

The number of confirmed and suspected cases of swine flu worldwide
rises as the World Health Organization increases its alert level on
the deadly disease.


CITI, B. OF A. MAY NEED MORE CAPITAL: WSJ

Federal regulators in the U.S. have told Bank of America Corp. and
Citigroup Inc. that the banks may need to raise more capital based on
early results of the government's so-called stress tests of lenders,
according to a U.S. media report Tuesday.

GENERICS, STRONG DOLLAR WEIGH ON PFIZER'S EARNINGS

Pfizer posts modestly lower first-quarter earnings, due largely to
fluctuations in foreign-currency rates and increased generic
competition for some of its drugs.

DAIMLER LOSES $1.7 BLN AS CAR, TRUCK SALES FALL

Daimler says it lost 1.29 billion euros ($1.7 billion) during the
first quarter as sales of everything from luxury cars to 18-wheel
trucks slumped.

Monday, April 27, 2009

Breaking News Mon., April 27, 2009

Date: Mon, 27 Apr 2009 16:02:59 -0700 (PDT)

U.S. State Dept. Issues Travel Alert for Mexico Due to the Swine Flu
Threat [6:44 PM EST]

Breaking News: WHO raises swine-flu alert level

Date: Mon, 27 Apr 2009 15:38:32 -0500

MEXICO CITY (AP) - Mexico says the World Health Organization has
raised its pandemic alert for swine flu by one level, two steps short
of declaring a full-blown pandemic. WHO says the phase 4 alert is
defined as sustained human-to-human transmission causing outbreaks in
at least one country. It signals a significant increase in the risk of
a global epidemic, but doesn't mean a pandemic is inevitable. WHO has
confirmed human cases of swine flu in Mexico, the United States,
Canada and Spain.

U.S. stocks finish in the red; GM gains 20% on stepped-up restructuring

Date: Mon, 27 Apr 2009 16:05:49 -0400

U.S. stocks finish in the red; GM gains 20% on stepped-up restructuring
4/27/2009 4:03:17 PM EDT

GM to cut jobs, offers $27 bln stock-for-debt deal

Date: Mon, 27 Apr 2009 12:01:10 -0400

GM to cut jobs, offers $27 bln stock-for-debt deal

General Motors Corp. says Monday it will seek to exchange common stock for more
than $27 billion in public debt as part of a restructuring plan.

EMERGING MARKETS REPORT: MEXICAN PESO, STOCKS TUMBLE ON SWINE FLU WORRIES

Mexico's currency and stocks fall sharply, as investors worry that the
deadly swine-flu outbreak will inflict further damage on the nation's
economy, already
suffering from the global recession.

NICHE ANTIVIRAL DRUGMAKERS ROCKET ON FLU NEWS

Anti-viral developers Gilead Sciences, Roche and GlaxoSmithKline PLC
rose Monday on fears that the swine flu outbreak that started in
Mexico could becomea global pandemic.

AIRLINE STOCKS: AIRLINE SHARES SLUMP AS SWINE FLU CASES INCREASE

Airlines shares took a dive on Monday as fear mounted that the swine
flu outbreak started in Mexico could spread globally and lead to a
sharp drop in air travel at a time when carriers are already
struggling to cope with recession.

MORE THAN 250 BANKS HAVE REFUSED BAILOUT: REPORT

More than 250 banks and other financial institutions have withdrawn
their applications for capital injections from the Treasury
Department, raising concerns among regulators, according to a report
by the Treasury.

GM says it will cut another 21,000 jobs, kill Pontiac by 2010, cut more dealerships and restructure debt.

Date: Mon, 27 Apr 2009 08:27:07 -0400

GM says it will cut another 21,000 jobs, kill Pontiac by 2010, cut
more dealerships and restructure debt.

UAW reaches settlement agreement with Chrysler, Fiat and U.S. government - key step in final efforts to avoid bankruptcy

Date: Sun, 26 Apr 2009 20:30:10 -0400

UAW reaches settlement agreement with Chrysler, Fiat and U.S.
government - key step in final efforts to avoid bankruptcy

Hang Seng Index tumbles more than 2%, with flu worries weighing

Date: Sun, 26 Apr 2009 22:36:09 -0400

Hang Seng Index tumbles more than 2%, with flu worries weighing
4/26/2009 10:34:22 PM EDT

Influenza fears weigh in London, airlines down

Date: 27 APR 2009 08:55:16 GMT

London stocks fall on Monday, with investors selling shares of travel
and tourism companies on fears an outbreak of swine flu could turn
into a pandemic and restrict movement around the globe.

Sunday, April 26, 2009

Breaking News Sun., April 26, 2009

Date: Sun, Apr 26, 2009 at 1:38 PM

U.S. Declares Swine Flu Is 'Public Health Emergency,' a Term That Does
Not Signal a Greater Threat