Friday, October 16, 2009

Obama administration says U.S. ran a $1.42 trillion deficit in fiscal year 2009 – largest since 1945.

Date: Friday, October 16, 2009

Obama administration says U.S. ran a $1.42 trillion deficit in fiscal
year 2009 – largest since 1945.

Stocks close below the 10,000 mark after Bank of America posts $2 billion loss and GE reports weak results. Dow falls 65 points.

Date: Friday, October 16, 2009

Stocks close below the 10,000 mark after Bank of America posts $2
billion loss and GE reports weak results. Dow falls 65 points.

Updates, advisories and surprises

Date: Friday, October 16, 2009

Updates, advisories and surprises

A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.

IBM REPORTS 14% EARNINGS GROWTH; RAISES OUTLOOK

IBM Corp. on Thursday reported a 14% increase in its third-quarter earnings,
and raised its profit outlook for the year, but the tech-sector bellwether's
shares fell in after-hours trading after it posted a decline in sales in some
of its largest business areas.

GOOGLE BEATS ESTIMATES; SHARES HIGHER IN PREMARKET

Google Inc. reported third-quarter gains in profit and sales that
topped Wall Street estimates, fulfilling expectations that the
Internet giant would start benefiting from increased spending on
online advertising.

BANK OF AMERICA POSTS $2.2 BILLION LOSS

B. of A. posts third-quarter loss of more than $2 billion.

LEWIS DEPARTURE MAKES PERFECT SENSE NOW

The announcement of Ken Lewis' departure from Bank of America Corp. a
couple of weeks ago surprised many, not for the decision, but for the
timing.

Stocks open lower as investors fret about GE, Bank of America results. Dow down 90 points in 1st minute.

Date: Friday, October 16, 2009

Stocks open lower as investors fret about GE, Bank of America results.
Dow down 90 points in 1st minute.

Thursday, October 15, 2009

Breaking News: Boy believed to be in runaway balloon found safe

Date: Thursday, October 15, 200

FORT COLLINS, Colo. (AP) - Sheriff's department says missing
6-year-old boy feared lost in balloon found safe at home. For full
story,

Dow ends above 10,000 for the second day in a row, up 43 points on Goldman and Citi results. Nasdaq and S&P close flat.

Date: Thursday, October 15, 2009


Dow ends above 10,000 for the second day in a row, up 43 points on
Goldman and Citi results. Nasdaq and S&P close flat.

Dow at 10,000? Wake me when it's 14,000

Date: Thursday, October 15, 2009

Dow at 10,000? Wake me when it's 14,000

Hooray, we're back to 1999 levels on the Dow Jones Industrial Average.

CITI RESULTS DRAINED BY LINGERING CREDIT LOSSES

Citi reports per-share loss on credit woes; stock falls

GOLDMAN POSTS HIGHER PROFIT, BUT REVENUES WEAKEN

Goldman Sachs says its third-quarter profit nearly quadrupled from
year-ago levels amid strong performance across the company's business
units and notes that economic conditions are improving.

U.S. CONSUMER PRICES RISE 0.2% IN SEPTEMBER

U.S. consumer prices drifted higher in September, led by higher prices for
cars, energy and medical care that offset the first declines ever
recorded in residential rents and home-ownership costs, the Labor
Department reports.

U.S. JOBLESS CLAIMS SINK 10,000 TO 514,000

The number of people filing for state unemployment benefits fell by
10,000 to a seasonally adjusted 514,000 in the week ending Oct. 10,
the Labor Department reports.

Government says Social Security recipients won't receive cost of living increases in 2010 - 1st time since 1975.

Date: Thursday, October 15, 2009

Government says Social Security recipients won't receive cost of
living increases in 2010 - 1st time since 1975.

Stocks open lower, as investors take a step back a day after the Dow crossed 10,000.

Date: Thursday, October 15, 2009

Stocks open lower, as investors take a step back a day after the Dow
crossed 10,000.

Wednesday, October 14, 2009

Dow closes above 10,000 for the first time since Oct. 3, 2008, after a 145-point gain. S&P, Nasdaq also finish up more than 1.5%.

Date: Wednesday, October 14, 2009

Dow closes above 10,000 for the first time since Oct. 3, 2008, after a
145-point gain. S&P, Nasdaq also finish up more than 1.5%.

Breaking News: Dow hits 10,000

Date: Wednesday, October 14, 2009

NEW YORK (AP) - The Dow Jones industrial average has topped 10,000 for
the first time in a year. The Dow crossed five figures seven months
after it hit a 12-year low of 6,547.05 on March 9. Upbeat earnings
reports from chip maker Intel Corp. and banker JPMorgan Chase & Co.
gave the Dow its final push; the average then slipped back several
points after crossing the milestone.

Dow tops 10,000 for the first time since Oct. 7, 2008, spurred by strong Intel and JPMorgan Chase earnings.

Date: Wednesday, October 14, 2009

Dow tops 10,000 for the first time since Oct. u7, 2008, spurred by
strong Intel and JPMorgan Chase earnings.

Oil hits one-year high as stocks gain

Date: Wednesday, October 14, 2009


Oil hits one-year high as stocks gain

Crude futures trade up 1% after earlier hitting their strongest
intraday level in a year.

J.P. MORGAN CHASE PROFIT JUMPS PAST ESTIMATES

Investors cheered the results, but it also included sobering news
about a rise in non-performing loans.

CREDIT COSTS HIGH, TO REMAIN ELEVATED: J.P. MORGAN

Although J.P. Morgan Chase & Co. posted better-than-expected net
income, the bank's rising credit costs remained a lingering worry for
investors.

B. OF A. TO RELEASE MERRILL DOCUMENTS: SEC

Bank of America Corp. has agreed to hand over certain documents
detailing legal advice it received during its controversial purchase
of Merrill Lynch & Co., the Securities and Exchange Commission says.

CREDIT AGRICOLE TO REPAY $4.5 BILLION OF STATE AID

Credit Agricole will soon repay 3 billion euros ($4.5 billion) of state aid
that it received late last year.

Energy: Import prices tick up in September on weak dollar

Date: Wednesday, October 14, 2009

Higher nonfuel prices drove import prices up by 0.1% in September, the
sixth increase in the past seven months, the Labor Department reports.

U.S. says retail sales in September declined 1.5%, dragged down by a big drop in auto sales following the end of Cash for Clunkers.

Date: Wednesday, October 14, 2009

U.S. says retail sales in September declined 1.5%, dragged down by a
big drop in auto sales following the end of Cash for Clunkers.

Stocks rally at the open on Intel and JPMorgan Chase results. Dow up 88 points , and nears 10,000 mark.

Date: Wednesday, October 14, 2009


Stocks rally at the open on Intel and JPMorgan Chase results. Dow up
88 points , and nears 10,000 mark.

Oil climbs to a one-year high above $75 on Globex

Date: Wednesday, October 14, 2009


Crude futures climb above $75 per barrel on Globex to reach their
strongest intraday level in a year as traders cheer improved forecasts
for global oil demand.

Tuesday, October 13, 2009

Stocks end mostly lower as investors hesitate in the wake of 1-year highs. Dow slips 13 points...

Date: Tuesday, October 13, 2009

Stocks end mostly lower as investors hesitate in the wake of 1-year
highs. Dow slips 13 points, S&P eases but Nasdaq edges up.

Senate Finance Committee passes health care bill

Date: Tuesday, October 13, 2009

WASHINGTON (AP) - The Senate Finance Committee has approved a sweeping
remake of the country's health care system, delivering a long-sought
boost to President Obama's goal of expanding coverage. The 14-9 vote
by the key panel sets up a debate on the Senate floor and moves a
health care remake closer to reality than it has been for decades.

J&J reports higher earnings, despite lower sales

Date: Tuesday, October 13, 2009

J&J reports higher earnings, despite lower sales

Johnson & Johnson reports moderately higher third-quarter earnings,
but its sales performance was tempered by declining sales of two of
its top-selling prescription drugs, Topamax and Risperdal, due to
increased generic competition.

CISCO TO BUY STARENT FOR $2.9 BILLION

Cisco Systems on Tuesday said it has signed a $2.9 billion deal to buy
Starent Networks, its second major purchase in three weeks,
highlighting what appears to be the tech behemoth's aggressive buying
spree.

FOR POLYCOM, CISCO-TANDBERG DEAL IS MIXED BLESSING

Polycom Inc. has seen its stock soar this year on strong expectations
for the company's video-conferencing business, but Cisco Systems' plan
to buy a top rival may threaten its long-term outlook.

SUPREME COURT TO HEAR SKILLING'S APPEAL

The disgraced Enron chief has been allowed a hearing before the
Supreme Court after battling through the appeals process in the face
of a 24-year sentence.

CRUDE RISES AS OPEC RAISES DEMAND FORECAST

Crude futures rise above $74 a barrel, hitting the highest level in
seven weeks after the OPEC oil cartel revised higher its forecast for
global oil demand for this year and 2010.

Stocks open lower as investors take a step back from recent one-year highs. Dow dips 27 points.

Date: Tuesday, October 13, 2009

Stocks open lower as investors take a step back from recent one-year
highs. Dow dips 27 points.

Monday, October 12, 2009

Payback time for clunkers

Date: Monday, October 12, 2009

Payback time for clunker

The recovery lost a little momentum in September with the end of the
cash-for-clunkers deal, but the U.S. economy kept grinding higher.

WASHINGTON COOKING UP THIRD STIMULUS PLAN

The bleak September jobs report appears to have cracked the political
logjam blocking progress on a third stimulus package.

U.S. STOCKS LOOK TO BOTTOM LINES TO KEEP ON TOP

The U.S. stock market is depending on third-quarter corporate results
to do the heavy lifting in the coming week, with investors looking for
proof of a
recovery priced into U.S. equities' rapid climb.

STOCKS IN FOCUS FOR MONDAY

Among the companies whose shares are expected to see active trade in
Monday's session are Charles Schwab Corp., Fastenal Co. and National
Semiconductor Corp.

Dow closes 20 points higher, nearing the 10,000 mark during the session. S&P inches up and Nasdaq stays flat.

Date: Monday, October 12, 2009

Dow closes 20 points higher, nearing the 10,000 mark during the
session. S&P inches up and Nasdaq stays flat.

Two U.S. economists who specialize in economic governance share Nobel Prize.

Date: Monday, October 12, 2009

Two U.S. economists who specialize in economic governance share Nobel Prize.

Stocks open higher as investors brace for a wave of big corporate results later this week.

Date: Monday, October 12, 2009

Stocks open higher as investors brace for a wave of big corporate
results later this week.