Saturday, June 13, 2009

Breaking News: Ahmadinejad wins Iranian election

Date: Saturday, June 13, 2009

TEHRAN, Iran (AP) -- Iran's government says incumbent Mahmoud
Ahmadinejad has won the country's presidential election, securing over
62 percent of the vote. Top opposition contender Mir Hossein Mousavi
takes less than 34 percent in a result disputed by his supporters.

Energy: Nigeria Militants Claim Attack On Chevron Pipeline

Date: Sat, Jun 13, 2009 at 11:58 AM

Nigerian militants say they had attacked Chevron Corp.'s pipelines,
the latest sabotage claim against the U.S. major since the start of an
offensive against the rebels.

Friday, June 12, 2009

Breaking News: Dow turns positive for the year

Date: Friday, June 12, 2009

The Dow Jones industrial average gained 28.34 points to close at
8,799.26 on Friday, moving into positive territory for the year for
the first time since early January.

Breaking News Fri., June 12, 2009

Date: Friday, June 12, 2009

Iranian State Media Calls Election for Ahmadinejad; Rival Also Claims
Victory [3:35 p.m. ET]

Dow turns higher for 2009, closing up 30 points Friday. Nasdaq slips 4 points, and the S&P was little changed.

Date: Friday, June 12, 2009

Dow turns higher for 2009, closing up 30 points Friday. Nasdaq slips 4
points, and the S&P was little changed.

Breaking News Fri., June 12, 2009

Date: Friday, June 12, 2009

U.N. Security Council Approves Tough New Sanctions Against North Korea
[12:23 p.m. ET]

Breaking News Fri., June 12, 2009

Date: Friday, June 12, 2009

'Clark Rockefeller' Found Guilty of Kidnapping and Assault With a
Dangerous Weapon [11:49 a.m. ET]

Stimulus fraud could hit $50 billion

Date: Friday, June 12, 2009

Stimulus fraud could hit $50 billion

Swindlers, con men, and thieves could siphon off as much as $1 out of
every $10 in stimulus money spent as billions of dollars begin flowing
into all corners
of the economy in coming months, a consultant says.

BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.

BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.

BLACKROCK'S BGI BUY IS A MIXED BLESSING: ANALYSTS
The U.S. finance group's acquisition of Barclay's fund-management unit
may result in get some cost savings but could also stunt the new
entity's ability to capitalize on some investments.

BGI SALE RELIEVES CAPITAL CONCERNS OVER BARCLAYS
Barclays' $13.5 billion sale of its asset management business to BlackRock
relieves the immediate worries over the bank's capital, analysts said,
though it also increases the group's reliance on investment banking to
generate earnings.

Energy: Oil retreats after three-session climb

Date: Friday, June 12, 2009

Oil futures head lower in electronic trading, poised to end a winning
streak that spanned three sessions and lifted prices by nearly 7%.

Mild improvement in June consumer sentiment: University of Michigan survey

Date: Friday, June 12, 2009

Mild improvement in June consumer sentiment: University of Michigan survey
6/12/2009 9:56:55 AM EDT

Stocks open lower as investors remain cautious about the pace of an economic recovery.

Date: Friday, June 12, 2009

Stocks open lower as investors remain cautious about the pace of an
economic recovery.

Thursday, June 11, 2009

Stocks end slightly higher, but the Dow retreats from a triple digit run-up and is still down for the year.

Date: Thursday, June 11, 2009

Stocks end slightly higher, but the Dow retreats from a triple digit
run-up and is still down for the year.

Lewis: Fed asked us to delay any Merrill break-up

Date: Thursday, June 11, 2009
Lewis: Fed asked us to delay any Merrill break-up

The chief executive of Bank of America tells lawmakers that government
officials pressed him to buy Merrill Lynch even after he became aware
of major losses at the investment bank.

TESTIMONY OF BANK OF AMERICA CEO KENNETH LEWIS

The text of the prepared testimony that Kenneth Lewis, chief executive
of Bank of America, delivered Thursday before a House Oversight and
Government Reform
subcommittee looking into the banking giant's controversial acquisition of
Merrill Lynch.

FED CRITICIZED B. OF A. OVER MERRILL DEAL: REPORT

U.S. Federal Reserve officials criticized Bank of America in email
comments after the banking giant attempted to withdraw from its effort
to buy Merrill
Lynch, congressional investigators find.

B. OF A. GETS UPGRADE ON CAPITAL RAISES, VALUATION

Bank of America Corp. and its chief executive, Ken Lewis, continue to
face heat over the controversial acquisition of Merrill Lynch, but one
Wall Street analyst says the banking giant's ability to raise capital
removes some uncertainty and makes the stock a buy.

MUNI BONDS EXPECTED TO CONTINUE HOT STREAK

Municipal bonds, generally considered a conservative asset, have had
their best six-month performance in 14 years as they recovered from
the turbulence of the financial crisis. What's more, investors believe
more outsized gains are in the cards.

Breaking News: WHO to declare swine flu a pandemic

Date: Thursday, June 11, 2009

GENEVA (AP) - The World Health Organization has told its member
nations it is declaring a swine flu pandemic - the first global flu
epidemic in 41 years.

Energy: Oil climbs on Globex to just short of $72

Date: Thursday, June 11, 2009

Futures Movers - Oil climbs on Globex to just short of $72

Stock rally accelerates - Dow jumps over 100 points - as investors cheer strong retail sales and improved jobless claims numbers.

Date: Thursday, June 11, 2009

Stock rally accelerates - Dow jumps over 100 points - as investors
cheer strong retail sales and improved jobless claims numbers.

Positive signs: Initial jobless claims fell last week to 601,000 and retail sales posted its first gain in three months, U.S. says.

Date: Thursday, June 11, 2009

Positive signs: Initial jobless claims fell last week to 601,000 and
retail sales posted its first gain in three months, U.S. says.

World Health Organization set to raise swine-flu alert to highest level: reports

Date: Thursday, June 11, 2009

World Health Organization set to raise swine-flu alert to highest level: reports
6/11/2009 10:03:37 AM EDT

Stocks open higher as investors react to an increase in retail sales and a better-than-expected report on initial jobless claims.

Date: Thursday, June 11, 2009

Stocks open higher as investors react to an increase in retail sales
and a better-than-expected report on initial jobless claims.

Wednesday, June 10, 2009

Breaking News Wed., June 10, 2009

Date: Wednesday, June 10, 2009

Holocaust Museum Security Guard Who Was Shot Earlier Today Has Died
[4:30 p.m. ET]

Major indexes end weaker, pressured by rising bond yields and crude prices

Date: Wednesday, June 10, 2009

Major indexes end weaker, pressured by rising bond yields and crude prices
6/10/2009 4:07:23 PM EDT

Dow closes down 24 points as inflation fears grip markets. Nasdaq and S&P also finish in the red.

Date: Wednesday, June 10, 2009

Dow closes down 24 points as inflation fears grip markets. Nasdaq and
S&P also finish in the red.

Oil settles at 7-1/2 month high of $71.33 a barrel, up $1.32.

Date: Wednesday, June 10, 2009

Oil settles at 7-1/2 month high of $71.33 a barrel, up $1.32.

Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows

Date: Wednesday, June 10, 2009

Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
6/10/2009 1:26:40 PM EDT

Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows

Date: Wednesday, June 10, 2009

Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
6/10/2009 1:26:40 PM EDT

Oil surpasses $71 a barrel as inventories fall

Date: Wednesday, June 10, 2009

Oil surpasses $71 a barrel as inventories fall

Crude-oil futures surpass $71 a barrel after government data show a
surprising decline in inventories.

NATURAL GAS COULD SEE SHARP REBOUND THIS YEAR

Futures contracts suggest natural-gas, the worst performing major
commodity this year, could see a big rebound when winter demand picks
up later this year.

TREASURYS DOWN AHEAD OF 10-YEAR-NOTE AUCTION

Treasury prices decline, pushing 10-year yields back to the highest since
November, before the government sells $19 billion of the benchmark
securities in its second of three big auctions this week.

CITI FINALIZES DEAL TO MAKE U.S. LARGEST HOLDER

Citigroup completes a multibillion-dollar securities swap agreement
with the U.S. government to bolster the embattled bank's
capitalization.

E-TRADE AND CITADEL TALK AID: WSJ

E-Trade Financial is working with largest shareholder Citadel
Investment Group on ways to steady its financial position, according
to a Wall Street Journal report. Shares of E-Trade are poised to trade
higher in Wednesday's action.

U.S. trade deficit reaches $29.2 billion in April, wider by 2.2% from March

Date: Wednesday, June 10, 2009

U.S. trade deficit reaches $29.2 billion in April, wider by 2.2% from March
6/10/2009 8:31:49 AM EDT

Breaking News Wed., June 10, 2009

Date: Wednesday, June 10, 2009

Chrysler Completes Sale of Good Assets to Fiat, Forming New Company
Led by Fiat CEO [9:53 a.m. ET]

Geithner will name Washington attorney Kenneth Feinberg as 'pay czar' to oversee executive pay.

Date: Wednesday, June 10, 2009

Geithner will name Washington attorney Kenneth Feinberg as 'pay czar'
to oversee executive pay.

Stocks open higher. Surging oil prices lift energy stocks, Home Depot's upbeat outlook boosts blue chips; Chrysler deal cleared.

Date: Wednesday, June 10, 2009

Stocks open higher. Surging oil prices lift energy stocks, Home
Depot's upbeat outlook boosts blue chips; Chrysler deal cleared.

Breaking News: Fiat buys Chrysler assets

Date: Wednesday, June 10, 2009

Done deal: Italian automaker Fiat buys Chrysler assets, clearing the
way for Chrysler to emerge from bankruptcy.

Tuesday, June 09, 2009

Supreme Court lifts stay on Chrysler-Fiat deal, reports say

Date: Tue, 09 Jun 2009 19:44:30 -0400

Supreme Court lifts stay on Chrysler-Fiat deal, reports say
6/9/2009 7:42:13 PM EDT

Markets end mixed. Nasdaq ticks higher as Dow ends slightly lower, after briefly climbing into positive territory for the year.

Date: Tuesday, June 9, 2009

Markets end mixed. Nasdaq ticks higher as Dow ends slightly lower,
after briefly climbing into positive territory for the year.

Crude gains nearly 3% to close atop $70 a barrel

Date: Tuesday, June 9, 2009

BULLETIN: Crude gains nearly 3% to close atop $70 a barrel
6/9/2009 3:06:08 PM EDT

Treasury: Ten banks can repay $68 billion in TARP

Date: Tuesday, June 9, 2009

TEN BANKS CAN REPAY $68 BILLION IN TARP
A group of 10 large financial institutions are given the go-ahead by the
Treasury Department to repay $68 billion in funds they received as
part of the government's almost $200 billion bank bailout program.

FINANCIAL SECTOR QUIET AFTER TARP-PAYBACK DETAILS
The Treasury Department is set to announce that it will allow as many
as 10 banks to repay the funds they've borrowed under the Troubled
Asset Relief Program, according to press reports.

GEITHNER TO BANKS: IT'S SAFE TO COME OUT
For better or worse, Treasury Secretary Timothy Geithner is shouting
an "all clear" to the banking industry. Time will tell if the threats
have truly
receded.

HOW SHEILA BAIR IS CHANNELING DONALD TRUMP
When it comes to bankers she doesn't like, Sheila Bair is channeling
Donald Trump in his TV show "The Apprentice" by saying, "You're
fired."

HOW SHEILA BAIR IS CHANNELING DONALD TRUMP
When it comes to bankers she doesn't like, Sheila Bair is channeling
Donald Trump in his TV show "The Apprentice" by saying, "You're
fired."

Treasury Department says 10 of the largest bailed out banks can repay government funds totaling $68 billion.

Date: Tuesday, June 9, 2009

Treasury Department says 10 of the largest bailed out banks can repay
government funds totaling $68 billion.

Stocks open higher as investors await news about which banks may be OK'd to repay bailout funds.

Date: Tuesday, June 9, 2009

Stocks open higher as investors await news about which banks may be
OK'd to repay bailout funds.

Energy: Asia shares end lower; traders wary of recovery

Date: 9 JUN 2009 09:59:20 GMT

Asian shares finished mostly lower Tuesday as investors turned
cautious on concern that recent market gains were getting ahead of the
pace of economic recovery.

Energy: Oil climbs but still below $69

Date: 9 JUN 2009 04:53:56 GMT

Oil futures edge higher in electronic trading, finding support from a
weaker dollar as traders gauged the prospects for this week's data on
U.S. petroleum inventories.

Monday, June 08, 2009

Breaking News: Supreme Court halts sale of Chrysler to Fiat

Date: Mon, 08 Jun 2009 15:16:57 -0500

WASHINGTON (AP) - The U.S. Supreme Court has granted a request to
delay the planned sale of Chrysler to a group led by Italian automaker
Fiat. Justice Ruth Bader Ginsburg said in an order that the sale is
"stayed pending further order." The action indicates that the delay
may only be temporary.

Stocks end flat after recovering from triple digit losses after volatile day of trading.

Date: Monday, June 8, 2009

Stocks end flat after recovering from triple digit losses after
volatile day of trading.

With 30 minutes left in the session, Dow erases triple digit losses.

Date: Mon, 8 Jun 2009 15:27:05 -0400

With 30 minutes left in the session, Dow erases triple digit losses.

Apple introduces new iPhone - called the iPhone 3GS. Twice as fast as current version, company says.

Date: Mon, 8 Jun 2009 14:58:05 -0400

Apple introduces new iPhone - called the iPhone 3GS. Twice as fast as
current version, company says.

Chrysler fight goes to U.S. Supreme Court: Journal

Date: Monday, June 8, 2009

Chrysler fight goes to U.S. Supreme Court: Journal

Chrysler's sale is being challenged in an emergency appeal to the U.S.
Supreme Court by a group of Indiana pension funds that argue that the
sale is unconstitutional, The Wall Street Journal reports.

AIRLINES TO LOSE NEARLY $9 BLN IN 2009: IATA

The world's airlines are set to collectively lose $9 billion this year --
nearly double the previous projection -- as worried consumers cut down
on air travel and the economic downturn bites into cargo traffic, an
industry body says.

AIRLINES TO LOSE NEARLY $9 BLN IN 2009: IATA

The world's airlines are set to collectively lose $9 billion this year --
nearly double the previous projection -- as worried consumers cut down
on air travel and the economic downturn bites into cargo traffic, an
industry body says.

CHINA EASTERN, SHANGHAI AIR PLAN MERGER: REPORTS

Shares of China Eastern and Shanghai Airlines are halted, as various
reports say a merger between the two companies is imminent.

OIL FUTURES EDGE LOWER IN VOLATILE TRADING

Crude-oil futures fall below $68 a barrel in Globex electronic trading,
extending losses seen in the previous session as demand for energy remains weak.

U.S. stocks stage retreat; Dow industrials off as much as 125 points in opening hour

Date: Monday, June 8, 2009

U.S. stocks stage retreat; Dow industrials off as much as 125 points
in opening hour
6/8/2009 10:43:04 AM EDT

Wall Street opens lower as investors pull back on the heels of a three-month rally. Dow, S&P 500, Nasdaq all head into the red.

Date: Monday, June 8, 2009

Wall Street opens lower as investors pull back on the heels of a
three-month rally. Dow, S&P 500, Nasdaq all head into the red.