Dow industrials finish up 165 points Friday, record 4% gain on the week

Date: Fri, May 8, 2009 at 4:12 PM

Dow industrials finish up 165 points Friday, record 4% gain on the week
5/8/2009 4:07:25 PM EDT

Stocks end higher for the day and week; Nasdaq rallies for ninth straight week, Dow and S&P 500 gain for eight of last nine weeks.

Date: Fri, May 8, 2009 at 4:01 PM

Stocks end higher for the day and week; Nasdaq rallies for ninth
straight week, Dow and S&P 500 gain for eight of last nine weeks.

Breaking News: Pace of layoffs slowed in April

Date: Fri, 08 May 2009 08:00:36 -0500

WASHINGTON (AP) - The pace of layoffs slowed in April when employers
cut 539,000 jobs, the fewest in six months. But the unemployment rate
climbed to 8.9%, the highest since late 1983, as many businesses
remained wary of hiring given all the economic uncertainties.

Payrolls drop by 539,000; jobless rate up to 8.9%

Date: Fri, 08 May 2009 12:01:36 -0400

Payrolls drop by 539,000; jobless rate up to 8.9%

The U.S. economy sheds jobs at a horrendous pace in April, with
nonfarm payrolls falling by 539,000 and the unemployment rate jumping
to a 26-year high of 8.9%.

FUTURES MOVERS: CRUDE RISES AS JOBS DATA RAISE RECOVERY HOPES

Crude-oil prices rise for a third session as a better-than-expected
U.S. jobs report cements recent optimism about an economic recovery
and rising prospects
for oil demand.

TOYOTA REPORTS $7.7 BILLION QUARTERLY LOSS

Toyota Motor Corp. on Friday reported a $7.7 billion quarterly loss,
forecast another loss for the current fiscal year and pledged to
accelerate cost cuts and expand its hybrid vehicle line-up.

EMERGING MARKETS REPORT: CHINA CENTRAL BANK SAYS FED MOVE PUT BONDS AT RISK

Chinese bank authorities warn the Federal Reserve's programs to pump
more cash into the financial system by buying $300 billion in
Treasurys risks jolting bond prices and devaluing the dollar.

Breaking News Fri., May 8, 2009

Date: Fri, 08 May 2009 05:54:02 -0700 (PDT)

Employers Shed 539,000 Jobs in April; Unemployment Rate Jumps to 8.9
Percent [8:33 a.m. ET]

Energy: China Resources Power added to Hang Seng Index

Date: 8 MAY 2009 14:03:25 GMT

HONG KONG
Electric utility group China Resources Power Holdings Co. will be
added to the Hang Seng index while sneaker maker Yue Yuen Holdings
Ltd. will be removed, the compiler of the index, Hang Seng Indexes Co.
said in a statement Friday.

Stocks open higher after government reports fewer jobs lost in April. Financial shares boosted following stress-test results.

Date: Fri, 8 May 2009 09:31:04 -0400

Stocks open higher after government reports fewer jobs lost in April.
Financial shares boosted following stress-test results.

Dow closes down 102 points as 30-year bond yields hit five-month high

Date: Thu, 07 May 2009 16:07:48 -0400

Dow closes down 102 points as 30-year bond yields hit five-month high
5/7/2009 4:05:42 PM EDT

Stress test results: 10 of 19 banks need to raise $74.6 billion in capital, U.S. says. Bank of America at top of list - $34 billion.

Date: Thu, 7 May 2009 17:02:14 -0400

Stress test results: 10 of 19 banks need to raise $74.6 billion in
capital, U.S. says. Bank of America at top of list - $34 billion.

Dow sinks more than 100 points as investors await results of bank stress tests.

Date: Thu, 7 May 2009 16:01:08 -0400

Dow sinks more than 100 points as investors await results of bank stress tests.

Stocks-commodities correlation hints at mood swing

Date: Thu, 07 May 2009 12:01:21 -0400

Stocks-commodities correlation hints at mood swing

The stock market's recent rise has coincided with a rally in commodity
prices -- an unusual occurrence -- with gold's and equities' prices
moving in the same
direction as a reflection of changing sentiment on the global economy.

US STOCKS KNOCKED BACK ON DROP IN TECHNOLOGY SHARES

A drop in technology stocks knocked the broader U.S. stock market back
on its heels Thursday, as investors looked ahead to the official bank
stress-tests results and a key report on employment. At 10:45 a.m.
EDT, the Dow Jones Industrial Average was down 70 points. The Nasdaq
Composite Index was down 1.8%, and the S&P 500 declined by 0.6%, led
by a swoon of more than 3% in its technology sector. Tech stocks have
been at the leading edge of the market's
rebound from its bear-market lows of early March. The Nasdaq is up by
roughly 10% for the year to date, well outpacing broader measures, and
stocks like Google, Apple, Amazon and eBay have seen strong
year-to-date gains.

STRESSED BANKS GET 30 DAYS TO COME UP WITH PLAN

Large financial institutions undergoing stress tests will have 30 days
to develop plans for how they will raise any required new capital, the
Federal Reserve and other bank regulators say.

GM LOSES $6 BILLION; SALES HALVED

General Motors Corp. says it lost almost twice as much money in the
first quarter as it did a year ago, putting even more pressure on the
automaker to speed its restructuring ahead of a looming deadline.

HOUSE REPORTEDLY WANTS B. OF A.'S LEWIS TO TESTIFY

A U.S. congressional panel will ask Bank of America Chief Executive
Kenneth Lewis and top federal officials to testify under oath on
claims that the bank was pressured by the government to buy Merrill
Lynch, The Wall Street Journal
reports.

Obama proposes slashing 121 federal programs and $17 billion in 2010 - 'a lot of money even by Washington standards,' he says.

Date: Thu, 7 May 2009 10:48:08 -0400

Obama proposes slashing 121 federal programs and $17 billion in 2010 -
'a lot of money even by Washington standards,' he says.

U.S. stocks post gains at open; B. of A. and Citi are top blue-chip advancers

Date: Thu, 07 May 2009 09:49:28 -0400

U.S. stocks post gains at open; B. of A. and Citi are top blue-chip advancers
5/7/2009 9:47:05 AM EDT

Number of people filing first-time unemployment claims fell 34,000 last week to 601,000, U.S. says. Continuing claims at record.

Date: Thu, 7 May 2009 08:34:08 -0400

Number of people filing first-time unemployment claims fell 34,000
last week to 601,000, U.S. says. Continuing claims at record.

European Central Bank cuts rates after Bank of England bond-purchase increase

Date: Thu, 07 May 2009 07:51:28 -0400

European Central Bank cuts rates after Bank of England bond-purchase increase
5/7/2009 7:49:18 AM EDT

Stocks in focus for Thursday

Date: 6 MAY 2009 23:38:12 GMT

Among the companies whose shares are expected to see active trade in
Thursday's session are Allstate, CBS and General Motors.

'Stress test' banks will have 1 month to give plans for raising capital and showing that managers have 'sufficient expertise' - U.S.

Date: Wed, 6 May 2009 17:22:07 -0400

'Stress test' banks will have 1 month to give plans for raising
capital and showing that managers have 'sufficient expertise' - U.S.

Dow rallies over 100 points as bank stocks soar on early reports of stress test results.

Date: Wed, 6 May 2009 16:02:04 -0400

Dow rallies over 100 points as bank stocks soar on early reports of
stress test results.

Dow surges 100 points as bank stocks lead rally.

Date: Wed, 6 May 2009 14:32:04 -0400

Dow surges 100 points as bank stocks lead rally.

Stress-test results show J.P. Morgan, AmEx do not need to raise additional capital: report

Date: Wed, 06 May 2009 13:58:44 -0400

Stress-test results show J.P. Morgan, AmEx do not need to raise
additional capital: report
5/6/2009 1:55:07 PM EDT

Breaking News Wed., May 6, 2009

Date: Wed, 06 May 2009 10:20:17 -0700 (PDT)

Maine Becomes Fifth State to Allow Gay Marriage [12:52 p.m. ET]

Disney shares jump on better-than-expected results

Date: Wed, 06 May 2009 12:01:24 -0400

Disney shares jump on better-than-expected results

Shares of Walt Disney Co. made strong gains in early trading Wednesday
following the company's release of better-than-expected fiscal
second-quarter results.

BANK OF AMERICA NEEDS BILLIONS MORE, REPORTS SAY

LOS ANGELES
Bank of America Corp. shares shook off a big pre-market drop Wednesday
morning, recovering as reports said the firm would
need more than $30 billion in new capital to comply with the
U.S.-administered "stress test," but it appears an existing government
investment can be applied to cover this.

ECONOMIC REPORT: PRIVATE-SECTOR JOBS FALL BY 491,000 IN APRIL: ADP

Private-sector employment in the United States falls by 491,000 jobs
in April, the smallest decline since October, according to the ADP
employment index.

CAN AN EXPECTED PICK UP IN APRIL SALES LAST?

Bolstered by a timing shift in Easter, warmer weather and continued
pent-up demand, U.S. retailers' April sales are expected to pick up.
Still, the bigger question remains whether the worst is over for
consumer spending.

TREASURY WILL OWN AT LEAST HALF OF GM: SEC FILING

The U.S. Treasury Department will end up owning at least half of
General Motors and current common stock holders will be left with
roughly 1% of the embattled carmaker if a restructuring plan being
currently considered goes through.

Planned job cuts fell 12% in April, third consecutive decline and lowest number since October, outplacement firm Challenger says.

Date: Wed, 6 May 2009 07:33:07 -0400

Planned job cuts fell 12% in April, third consecutive decline and
lowest number since October, outplacement firm Challenger says.

Private-sector jobs fell 491,000 in April - many fewer losses than expected - says payroll-processing firm ADP.

Date: Wed, 6 May 2009 08:18:08 -0400

Private-sector jobs fell 491,000 in April - many fewer losses than
expected - says payroll-processing firm ADP.

Energy: Crude tops $55 mark ahead of U.S. inventories

Date: 6 MAY 2009 13:54:23 GMT

Crude futures reclaim the $55 mark, gaining as a petroleum industry
group reported U.S. crude inventories fell last week and as a weaker
dollar gives a boost to dollar-denominated oil prices.

Energy: Energy stocks rise, led by Transocean, XTO

Date: 6 MAY 2009 14:02:09 GMT

Energy stocks brushed aside woes in the financial sector and rose
with the broad market on a positive weekly unemployment claims figure
on Wednesday.

Stocks open higher after two reports show encouraging signs about the labor market.

Date: Wed, 6 May 2009 09:32:09 -0400

Stocks open higher after two reports show encouraging signs about the
labor market.

Energy: Stocks in focus for Wednesday

Date: 5 MAY 2009 23:48:27 GMT

Among the companies whose shares are expected to see active trade in
Wednesday's session are Cisco, Prudential and News Corp.

Stocks end slightly lower as investors remain uncertain about economy.

Date: Tue, 5 May 2009 16:02:13 -0400

Stocks end slightly lower as investors remain uncertain about economy.

Breaking News Tue., May 5, 2009

Date: Tue, 05 May 2009 11:21:23 -0700 (PDT)

Schools No Longer Need to Close Because of Swine Flu, Says CDC [1:55 p.m. ET]

Australia holds policy interest rate steady, as expected

Date: Tue, 05 May 2009 00:35:04 -0400

Australia holds policy interest rate steady, as expected
5/5/2009 12:33:10 AM EDT

Bernanke: Economy to rebound later this year, but growth will be slow and more job losses are likely.

Date: Tue, 5 May 2009 10:02:04 -0400

Bernanke: Economy to rebound later this year, but growth will be slow
and more job losses are likely.

Fed chief Bernanke sees economic rebound on tap

Date: Tue, 05 May 2009 12:01:33 -0400

Fed chief Bernanke sees economic rebound on tap

The U.S. economy is bottoming out and is likely to turn upward later
this year, Federal Reserve Board Chairman Ben Bernanke says.

WHITE HOUSE WON'T SEEK MORE FUNDS FOR BANKS

The Obama administration doesn't need to ask lawmakers on Capitol Hill
for more funds to bailout troubled financial institutions, says White
House spokesman Robert Gibbs.

ADIDAS PROFIT DROPS 97%; BREAK-EVEN HALF SEEN

Adidas' first-quarter profit nearly evaporates and the firm says the
second. quarter is looking equally as bleak as the sneaker maker
struggles to rein in costs.

NANO RESPONSE RAISES CONCERN FOR TATA MOTORS

India's Tata Motors has received twice as many orders for the Nano
mini-car as it will be able deliver, but the consumer response is
still weaker than analysts had expected, raising short-term funding
concerns.

BANKS MAY NEED MORE CAPITAL BUT AIG WON'T: REPORTS

Reports say the U.S. government may order an estimated 10 banks to
boost their capital levels, but beleaguered insurer AIG won't need
further help from Washington.

Stocks open lower as investors take a breather from the recent runup and await comments about the economy from Fed chair Bernanke.

Date: Tue, 5 May 2009 09:31:06 -0400

Stocks open lower as investors take a breather from the recent runup
and await comments about the economy from Fed chair Bernanke.

Energy: Stocks in focus for Tuesday

Date: 4 MAY 2009 23:04:35 GMT

Among the companies whose shares are expected to see active trade in
Tuesday's session are Disney, CVS Caremark and Kraft Foods.

Breaking News Mon., May 4, 2009

Date: Mon, May 4, 2009 at 4:30 PM

Stocks Close Up More Than 200 Points on Rise in Pending Home Sales,
Construction Spending [4:05 p.

U.S. shares stake out broad-based gains; most Dow stocks trade higher

Date: Mon, 04 May 2009 09:41:03 -0400

U.S. shares stake out broad-based gains; most Dow stocks trade higher
5/4/2009 9:37:30 AM EDT

Pending home sales rebounded in March, rising 3.2% from the previous month and 1.1% from last year - Realtors' group.

Date: Mon, 4 May 2009 10:02:07 -0400

Pending home sales rebounded in March, rising 3.2% from the previous
month and 1.1% from last year - Realtors' group.

Breaking News Mon., May 4, 2009

Date: Mon, 04 May 2009 07:32:02 -0700 (PDT)

Mexico to Allow Most Businesses to Reopen Wednesday as Swine Flu
Threat Recedes [10:16 a.m. ET]

B. of A., Citi seek to raise $10 billion: report

Date: Mon, 04 May 2009 12:01:11 -0400

B. of A., Citi seek to raise $10 billion: report

Bank of America and Citigroup are reportedly working on plans to raise
more. than $10 billion each in capital following preliminary findings
of the U.S. stress tests on banks.

GM MOVES AHEAD WITH EFFORT TO SHED SATURN

General Motors is proceeding with efforts to sell its Saturn brand and
retailer network, working against a timetable in which it would secure
an agreement with a specific buyer later this year.

FIAT REPORTEDLY CONFIRMS INTEREST IN GM'S OPEL

Fiat SpA reportedly confirms interest in General Motors Corp.'s Opel
division in a move that would further extend the Italian automaker's
global reach.

ASIAN NATIONS FORM $120 BILLION 'LIQUIDITY POOL'

Asian nations plan to create a $120 billion liquidity pool by the end
of the year that can be drawn upon to defend currencies and otherwise
guard against financial ills arising from the economic crisis.

FILENE'S BASEMENT FILES FOR BANKRUPTCY PROTECTION

Off-price retailer Filene's Basement joins the growing roster of
retailers in bankruptcy, filing for Chapter 11 protection from
creditors as it agrees to sell 17 of its 25 stores to real estate and
asset management firm Crown Acquisitions.

Energy: Oil falls on worries over inventories, U.S. banks

Date: 4 MAY 2009 13:33:08 GMT

Crude-oil futures fall below $53 a barrel, coming on the heels of
three-session winning streak, amid worries over excessive buildup in
U.S. energy inventories as well as fears over what
government-administered "stress tests" may indicate for the U.S.
banking industry.

Stocks open higher as investors await latest reading on pending home sales and construction spending.

Date: Mon, 4 May 2009 09:31:06 -0400

Stocks open higher as investors await latest reading on pending home
sales and construction spending.

Breaking News Sat., May 2, 2009

Date: Sat, 02 May 2009 19:45:16 -0700 (PDT)

Jack Kemp, the Ex-Quarterback, Congressman, One-Time Vice-Presidential
Nominee Has Died [10:30 PM ET]