Friday, May 29, 2009

Stocks pull off a late rally to finish best 3-month period in two years; GM slumps to 80 cents a share, as bankruptcy looms.

Date: Fri, 29 May 2009 16:02:08 -0400


Stocks pull off a late rally to finish best 3-month period in two
years; GM slumps to 80 cents a share, as bankruptcy looms.

Oil up $1.23 to settle at $66.31 a barrel - highest since Nov. 4.

Date: Fri, 29 May 2009 15:02:07 -0400

Oil up $1.23 to settle at $66.31 a barrel - highest since Nov. 4.

Gold and silver close higher Friday; silver rallies 26.6% in May, gold 9.8%

Date: Fri, 29 May 2009 14:13:34 -0400

Gold and silver close higher Friday; silver rallies 26.6% in May, gold 9.8%
5/29/2009 2:01:25 PM EDT

United Auto Workers union members unanimously ratify their contract with General Motors making sharp concessions in pay and benefits.

Date: Fri, 29 May 2009 13:34:05 -0400

United Auto Workers union members unanimously ratify their contract
with General Motors making sharp concessions in pay and benefits.

GM shares at all-time-low 78 cents as blue chips stage modest retreat

Date: Fri, 29 May 2009 13:23:44 -0400

GM shares at all-time-low 78 cents as blue chips stage modest retreat
5/29/2009 1:21:59 PM EDT

U.S. says economy contracted 5.7% in the first quarter - better than the initial reading released last month.

Date: Fri, 29 May 2009 08:34:14 -0400

U.S. says economy contracted 5.7% in the first quarter - better than
the initial reading released last month.

Energy: China to set green rules for its businesses abroad

Date: 29 MAY 2009 04:06:58 GMT

The Chinese government is reportedly studying new legislation that
would set environmental standards for Chinese companies doing business
outside the country.

Silver poised for biggest monthly gain in 22 years

Date: Fri, 29 May 2009 12:01:12 -0400
Silver poised for biggest monthly gain in 22 years

Silver futures gain more than 2%, heading for their biggest monthly
gain in 22 years as inflation worries and hopes for an economic
recovery boosted the metal. Gold rose to three-month highs as the
dollar slipped.

OIL ECLIPSES $66 ON HOPES FOR BETTER ENERGY DEMAND

Oil futures rise past $66 a barrel, playing off data show a less severe
contraction in the U.S. economy than previously estimated and
rekindling hopes for stronger demand for energy.

ENERGY STOCKS EXTEND GAINS TO CAP OFF A STRONG MAY

Energy stocks finish out a robust May with fresh Friday gains, as
shares of petroleum producers and refiners play off the highest
crude-oil prices seen in six months.

CONSUMER SENTIMENT RISES IN MAY; BETTER TIMES SEEN

U.S. consumer sentiment rose in May, reaching the highest level since
September, as more Americans feel the end of the recession is
approaching.

BRITISH CONSUMER CONFIDENCE HOLDS STEADY IN MAY

British consumers remained dour in May, with a gauge of consumer
confidence showing no change.

Energy: Energy stocks extend gains to cap off a strong May

Date: 29 MAY 2009 14:14:45 GMT

Energy stocks finish out a robust May with fresh Friday gains, as
shares of petroleum producers and refiners play off the highest
crude-oil prices seen in six months.

General Motors' stock falls below $1 - hitting a level not seen since the Great Depression - as automaker faces looming bankruptcy.

Date: Fri, 29 May 2009 11:05:08 -0400

General Motors' stock falls below $1 - hitting a level not seen since
the Great Depression - as automaker faces looming bankruptcy.

Stocks open higher as investors react to a smaller drop in the GDP and higher oil prices.

Date: Fri, 29 May 2009 09:31:15 -0400

Stocks open higher as investors react to a smaller drop in the GDP and
higher oil prices.

Thursday, May 28, 2009

Stocks surge at the end of a volatile session. Dow gains over 100 points; Nasdaq and S&P 500 both rise more than 1%.

Date: Thu, 28 May 2009 16:03:11 -0400

Stocks surge at the end of a volatile session. Dow gains over 100
points; Nasdaq and S&P 500 both rise more than 1%.

Jobless claims slip to 623,000 in latest week; durable goods orders rise 1.9% in April, rebounding from big drop in prior month.

Date: Thu, 28 May 2009 08:33:13 -0400

Jobless claims slip to 623,000 in latest week; durable goods orders
rise 1.9% in April, rebounding from big drop in prior month.

Dow industrials up nearly 90 points to intraday high after Treasury's note auction

Date: Thu, 28 May 2009 13:49:05 -0400

Dow industrials up nearly 90 points to intraday high after Treasury's
note auction
5/28/2009 1:46:46 PM EDT

Time Warner to separate AOL, creating an independent, publicly traded company.

Date: Thu, 28 May 2009 08:10:20 -0400

Time Warner to separate AOL, creating an independent, publicly traded company.

Stocks open higher as investors react to unexpectedly strong data on jobless claims and durable goods orders.

Date: Thu, 28 May 2009 09:32:12 -0400

Stocks open higher as investors react to unexpectedly strong data on
jobless claims and durable goods orders.

Sales of new homes up less-than-expected 0.3% in April, U.S. data show

Date: Thu, 28 May 2009 10:14:36 -0400

Sales of new homes up less-than-expected 0.3% in April, U.S. data show
5/28/2009 10:02:16 AM EDT

Housing data blamed as U.S. stock indexes forfeit early gains

Date: Thu, 28 May 2009 10:33:55 -0400

Housing data blamed as U.S. stock indexes forfeit early gains
5/28/2009 10:32:12 AM EDT

Housing data blamed as U.S. stock indexes forfeit early gains

Date: Thu, 28 May 2009 10:33:55 -0400

Housing data blamed as U.S. stock indexes forfeit early gains
5/28/2009 10:32:12 AM EDT

GM reaches swap deal, but bankruptcy still looms

Date: Thu, 28 May 2009 12:01:32 -0400

GM reaches swap deal, but bankruptcy still looms

General Motors Corp. says it reached a new debt-swap deal with
bondholders that likely won't save the automaker from imminent
bankruptcy, but should help speed the process.

VISTEON FILES FOR CHAPTER 11

Auto parts maker Visteon says it and some of its U.S. subsidiaries
have filed. for Chapter 11 bankruptcy reorganization.

OPEC LEAVES OIL-OUTPUT QUOTA UNCHANGED

Oil ministers from the 13-nation Organization of Petroleu Exporting
Countries. leave production quotas unchanged at today's meeting in
Vienna.

RETAIL STOCKS FALL AFTER NEW HOME SALES REPORT

Retail stocks erase earlier gains in morning activity after sales of
new homes rose less than expected in April, offsetting positive data
on much stronger-than-expected new orders for U.S.-made capital goods.

INVESTOR GROUP CALLS FOR CHANGE IN TARGET BOARD

The Nominees for Shareholder Choice, a group backed by William
Ackman's Pershing Square Capital Management, say two members of
Target's board are required to resign promptly.

Wednesday, May 27, 2009

Dow tumbles 175 points, hitting session low, with less than 20 minutes to the close.

Date: Wed, 27 May 2009 15:41:06 -0400

Dow tumbles 175 points, hitting session low, with less than 20 minutes
to the close.

Stocks suffer huge losses as U.S. debt auction sparks little interest and investors focus on GM's looming bankruptcy.

Date: Wed, 27 May 2009 16:01:05 -0400

Stocks suffer huge losses as U.S. debt auction sparks little interest
and investors focus on GM's looming bankruptcy.

Dow sinks more than 110 points as stock selloff accelerates on fears of a likely GM bankruptcy.

Date: Wed, 27 May 2009 14:14:09 -0400

Dow sinks more than 110 points as stock selloff accelerates on fears
of a likely GM bankruptcy.

Crude rises for third session on economic hopes

Date: Wed, 27 May 2009 12:01:30 -0400

Crude rises for third session on economic hopes

Crude-oil futures give back much of their earlier gains, on the heels
of two winning sessions, as mixed-bag housing data spell modest
selling pressure in equities.

GOLD DOWN FOR SECOND DAY, ON STRONGER DOLLAR

Selling in gold futures carries into a second session, slipping as the
dollar gains on the euro, lessening the metal's investment appeal.

WEDNESDAY'S BIGGEST GAINING AND DECLINING STOCKS

Stocks making notable moves in Wednesday's session include Cree,
SanDisk, Take-Two, Big Lots and General Motors.

HOME SALES RISE 2.9%, BOOSTED BY BOTTOM FISHING

Boosted by sales of foreclosed homes and incentives for first-time
buyers, sales of pre-owned homes rise 2.9% to a seasonally adjusted
annual rate of 4.68 million in April, a real estate trade group
reports.

MORTGAGE APPLICATIONS FELL 14.2% LAST WEEK: MBA

Mortgage applications filed last week fell a seasonally-adjusted 14.2%
last week, compared with the week before, as rates on 30-year
fixed-rate mortgages ticked up, according to the Mortgage Bankers
Association's weekly survey.

Energy: Crude rises for third session on economic hopes

Date: 27 MAY 2009 13:20:37 GMT

Crude-oil futures rose Wednesday for a third session as rising global
stocks and a jump in U.S. consumer confidence boosted hopes for an
economic recovery and a rebound in oil demand.

Stocks open slightly lower after GM bondholders reject debt-for-equity swap. Investors await latest reading on existing home sales.

Date: Wed, 27 May 2009 09:33:04 -0400

Stocks open slightly lower after GM bondholders reject debt-for-equity
swap. Investors await latest reading on existing home sales.

Existing home sales rose 2.9% in April to 4.68 million annual rate, while median price fell 15.4% from a year ago - Realtors group.

Date: Wed, 27 May 2009 10:07:13 -0400

Existing home sales rose 2.9% in April to 4.68 million annual rate,
while median price fell 15.4% from a year ago - Realtors group.

Number of 'bad banks' on latest FDIC watchlist grows to 305 - highest level since 1994.

Date: Wed, 27 May 2009 10:03:09 -0400

Number of 'bad banks' on latest FDIC watchlist grows to 305 - highest
level since 1994.

Energy: Hong Kong shares at 7-month high, lead broad rally

Date: 27 MAY 2009 10:33:22 GMT

Asian stock markets finish broadly higher Wednesday, boosted by a
rally on Wall Street and the Hong Kong government's latest economic
stimulus measures.

Hong Kong's Hang Seng Index booms over 3% in mid-morning trade

Date: Tue, 26 May 2009 23:10:42 -0400

Hong Kong's Hang Seng Index booms over 3% in mid-morning trade
5/26/2009 11:08:38 PM EDT

Tuesday, May 26, 2009

Oil closes up 78 cents to settle at $62.45 a barrel - high for the year - lifted by triple-digit stock rally.

Date: Tue, May 26, 2009 at 2:52 PM

Oil closes up 78 cents to settle at $62.45 a barrel - high for the
year - lifted by triple-digit stock rally.

Dow closes nearly 200 points higher; S&P 500, Nasdaq up about 3% as rosy consumer confidence reading offsets dismal housing report.

Date: Tue, 26 May 2009 16:04:09 -0400

Dow closes nearly 200 points higher; S&P 500, Nasdaq up about 3% as
rosy consumer confidence reading offsets dismal housing report.

Breaking News: Obama to nominate Sotomayor

Date: Tue, 26 May 2009 07:49:49 -0500

President Obama will nominate appellate judge Sonia Sotomayor to the
Supreme Court at 10:15 a.m. If confirmed, she will be the first
Hispanic and third woman to serve on the court.

Home prices fell record 19% in first quarter, led by declines in Miami, Detroit and Las Vegas, according to Case-Shiller report.

Date: Tue, 26 May 2009 09:01:06 -0400

Home prices fell record 19% in first quarter, led by declines in
Miami, Detroit and Las Vegas, according to Case-Shiller report.

Consumers' confidence surges on brighter jobs view

Date: Tue, 26 May 2009 12:01:23 -0400

Consumers' confidence surges on brighter jobs view

A reading on U.S. consumer confidence jumps to 54.9 in May from an
upwardly revised 40.8 in April as expectations for jobs improved, the
Conference Board
reports.


OBAMA NAMES SOTOMAYOR TO SUPREME COURT

President Barack Obama names Sonia Sotomayor, a U.S. appeals court
judge, to replace retiring Justice David Souter on the U.S. Supreme
Court.


U.N. SLAMS NORTH KOREA TEST; MORE MISSILES FIRED

U.N. Security Council condemns North Korea's apparently successful
nuclear test. while a report says nation followed Monday's missile
launches with two more on Tuesday.

SEOUL TO JOIN WEAPON-CONTROL PACT

South Korea will participate in the U.S.-led initiative to contain the
spread of advanced weapons, reversing its earlier resistance in the
wake of North Korea's latest nuclear weapons test.

Dow surges more than 200 points as rally accelerates; S&P 500 rises over 2.5%; Nasdaq gains more than 3%.

Date: Tue, 26 May 2009 13:00:08 -0400

Dow surges more than 200 points as rally accelerates; S&P 500 rises
over 2.5%; Nasdaq gains more than 3%.

Dow rallies more than 140 points after report shows consumer confidence soared in May to its highest level in eight months.

Date: Tue, 26 May 2009 10:24:05 -0400

Dow rallies more than 140 points after report shows consumer
confidence soared in May to its highest level in eight months.

Energy: Energy stocks retreat as oil falls below $60

Date: 26 MAY 2009 13:58:47 GMT

Energy stocks fall as Wall Street mulls oil prices below $60 a barrel
and more difficult long-term prospects for major oil companies.

Stocks open lower after report shows more dour news on the housing front and investors brace for GM, Chrysler news later in the week.

Date: Tue, 26 May 2009 09:32:05 -0400

-Stocks open lower after report shows more dour news on the housing
front and investors brace for GM, Chrysler news later in the week.

Monday, May 25, 2009

North Korea reportedly set to launch more missiles Tuesday or Wednesday

Date: Mon, 25 May 2009 20:35:05 -0400

North Korea reportedly set to launch more missiles Tuesday or Wednesday
5/25/2009 8:33:10 PM EDT

North Korea suspected of new nuclear weapon test: reports

Date: Sun, 24 May 2009 23:02:06 -0400

North Korea suspected of new nuclear weapon test: reports
5/24/2009 11:00:23 PM EDT

Sunday, May 24, 2009

Energy: PetroChina buys 45.5% stake in Singapore Petroleum

Date: 25 MAY 2009 01:14:57 GMT

Chinese energy giant strikes a deal to acquire almost half of refiner
Singapore Petroleum for about $1 billion, a move which may lead to an
outright purchase of the entire company.