Author Archives: doris

Dow at 4-year high, Nasdaq hits 11-year high

By doris | Published: February 5, 2012

Full Story at money.CNN.com NEW YORK (CNNMoney) — U.S. stocks rallied Friday, as investors cheered a much stronger-than-expected jobs report. The Dow Jones industrial average (INDU) gained 157 points, or 1.2%, the S&P 500 (SPX) added 19 points, or 1.5%, and the Nasdaq composite (COMP) increased 46 points, or 1.6%. The rally pushed pushed the [...]

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New York sues banks over electronic mortgage system

By doris | Published: February 4, 2012

Full Story at News.Yahoo.com NEW YORK (Reuters) – New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan [...]

Posted in Banking, Business, Mortagage, States | Leave a comment

Green Mountain Coffee shares surge

By doris | Published: February 3, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of Green Mountain Coffee Roasters surged nearly 25% Thursday after a stellar earnings report. After the closing bell Wednesday, Green Mountain (GMCR) reported $96 million in net income for the quarter ended in December, a 264% increase over the same quarter in the previous year that [...]

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Automakers start year with strong sales

By doris | Published: February 2, 2012

Full Story at BottomLine.msnbc.msn.com Car sales zoomed ahead in January, with many automakers reporting solid sales at the start of a year expected to show a steady gain in vehicle purchases. Chrysler, now privately held and majority owned by Italy’s Fiat, was the notable standout for the month. It posted a 44 percent rise in [...]

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Amazon earnings OK, but stock slides 10%

By doris | Published: February 1, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Amazon’s fourth-quarter sales results weren’t awful, but investors went ahead and punished the stock severely anyway. Amazon (AMZN, Fortune 500) earned $177 million, or 38 cents per share for the holiday quarter that ended December 31 — more than double the 17 cents per share that analysts [...]

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Stocks trim losses, but end in red on Greek woes

By doris | Published: January 31, 2012

Full Story at Money.CNN.com NEW YORK (CNNMoney) — U.S. stocks recovered most of their lost ground Monday afternoon but struggled to pull out of the red as concerns over Greece continued to weigh on the market. Stocks started the day down about 1% after the weekend came and went without Greek leaders reaching an agreement [...]

Posted in America, Financial, Government, Investors, Stocks | Leave a comment

Signs point to stocks finishing January strong

By doris | Published: January 30, 2012

Full Story at msnbc.com NEW YORK — January has turned out strong for equities with just two trading days to go. If you’re afraid to miss the ride, there’s still time to jump in. You just might want to wear a neck brace. The new year lured buyers into growth-related sectors, the ones that were [...]

Posted in Economy, Stocks | Leave a comment

Taco Bell jumps into the breakfast market

By doris | Published: January 29, 2012

Full Story at BottomLine.msnbc.msn.com It’s getting a little crowded in the breakfast nook. Fast food chain Taco Bell announced Thursday that it’s entering the breakfast fray. It joins larger rivals such as McDonald’s, Wendy’s and Subway in a market saturated with breakfast options including specialty coffees to lure in addicts who’ll buy a breakfast sandwich [...]

Posted in America, Business, Food. | Leave a comment

FDA blocks orange juice shipments from Canada

By doris | Published: January 28, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments [...]

Posted in Food And Drug Administration | Leave a comment

Obama’s Chrysler 300 on sale for $1 million

By doris | Published: January 27, 2012

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — A Chrysler 300C once leased by President Barack Obama is for sale on eBay with the eye-popping “opening bid” of $1 million. The opening bid, which is dictated by the seller, means that bidding for the car must start at that price. The woman who posted the car [...]

Posted in Auto, President, Sale | Leave a comment

Can I give my 401(k) firm the boot?

By doris | Published: January 26, 2012

Full Story at moneu.cnn.com NEW YORK (CNNMoney) — My 401(k) is managed by a brokerage firm that was busted by the SEC for fraudulent practices (although those practices weren’t related to my 401(k) plan). Still, I don’t want to invest my money with, or pay fees to, to a firm I consider unethical. For now, [...]

Posted in 401(k), Assets, Change, Financial | Leave a comment

Chevy Volt’s problems may not be over as GM’s CEO prepares to face Congress

By doris | Published: January 25, 2012

Full Story at BottomLine.msnvc.msn.com The Chevrolet Volt got a clean bill of health, last Friday, with the National Highway Traffic Safety Administration closing its investigation into potential problems with the plug-in hybrid’s battery pack – but that doesn’t mean General Motors’ problems with the Volt are over, as a Congressional hearing is scheduled to begin [...]

Posted in Auto, Congress, GMC, Investigation | Leave a comment

Macy’s sues Martha Stewart Living for breach

By doris | Published: January 24, 2012

Full Story at msnbc.com NEW YORK — Macy’s Inc is suing Martha Stewart Living Omnimedia Inc, accusing the company of breach of contract for entering into an agreement to sell certain products to J.C. Penney Company Inc. Macy’s says Martha Stewart Living granted it the exclusive right to make and sell certain products under a [...]

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Oil falls to near $98 amid Greece debt deal talks

By doris | Published: January 23, 2012

Full Story at news.Yahoo.com BANGKOK (AP) — Oil fell to near $98 a barrel Monday in Asia as the crude market waited for the outcome of Greece’s negotiations with creditors on a deal to cut the face value of its debt by half. Benchmark crude for March delivery was down 15 cents at $98.19 a [...]

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