Category Archives: Dividends

Stocks sink for second day as oil hits $100

By doris | Published: February 23, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — Stocks declined for a second straight session Wednesday as oil prices surged to briefly cross the $100 per barrel mark amid mounting turmoil in Libya. The Dow Jones industrial average (INDU) fell 107 points, or 0.9%, a day after the blue-chip index plunged nearly 180 points. That [...]

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Stocks at fresh highs in ‘bull vs. bear battle’

By doris | Published: January 27, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks managed to tick higher Thursday, pushing the Dow and S&P to their highest levels since the summer of 2008. The major indexes have been inching higher for months, but Stifel Nicolaus managing director Tom Schrader expects stocks will soon head lower.

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Stocks skid on Korean hostilities

By doris | Published: November 24, 2010

Full Story at Money.cnn.com NEW YORK (CNNMoney.com) — Stocks ran into a wall of worry Tuesday as violence erupted on the Korean peninsula, concerns about Europe’s debt crisis expanded and the Federal Reserve issued a dour economic outlook. The Dow Jones industrial average (INDU) fell 142 points, or 1.3%, to close at 11,036. The S&P [...]

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Dow set for best September since 1939

By doris | Published: September 27, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The summer has come to an end, and so has the market slump that came with it. With little on tap to challenge the recent rally, stocks are on track to close September with the biggest monthly gains in over a year. Though September is typically down [...]

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Exxon Mobil profit nearly doubles

By doris | Published: July 30, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts’ expectations on higher crude prices. The world’s largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in [...]

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Wall Street reform comes down to the wire

By doris | Published: June 20, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — With one week down and one week to go on negotiations melding the two Wall Street reform bills, lawmakers have a lot of tough decisions ahead. House and Senate negotiators had set a goal to finish work on reconciling the bills – aimed at preventing the next financial [...]

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Bracing for another market crash

By doris | Published: November 30, 2009

Full Story atmoney.cnn.com NEW YORK (Money) — Question: I’m very worried that we may see another stock market correction. Since the market low of early March, my 401(k)’s value has risen 77%, which seems like an awfully large jump. So last week I moved the majority of my investments into bond and money-market funds, although [...]

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Wall Street’s broken rally

By doris | Published: November 2, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney) — Last week’s big selloff did more than just rattle investors: it put an end to a seven-month win streak that had pushed the S&P 500 more than 60% above the March lows. While the monthly decline was small — less than 2% — it emerged after a [...]

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Microsoft wows the Street

By doris | Published: October 24, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Microsoft Corp.’s stock soared early Friday after the software giant reported quarterly sales and profit that fell from year-ago results but easily beat Wall Street’s forecasts. Shares of Microsoft (MSFT, Fortune 500) rose more than 10% in early trading. It surged as high as $29.35 at the open, [...]

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AIG chief gets OK for $10.5 million pay package

By doris | Published: October 7, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — AIG Chief Executive Robert Benmosche’s $10.5 million annual pay package has been formally approved by Obama administration pay czar Kenneth Feinberg. According to a letter to Treasury’s compensation committee dated Oct. 2, Feinberg said Benmosche’s package, $4 million of which is in stock options, is comparable to that [...]

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It’s September. The real test for stocks begins

By doris | Published: September 8, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Sunburned and barbecued out, Wall Streeters returning to work Tuesday face the first big challenge to the six-month-old rally. Even after a down week on Wall Street, punctuated by a mixed August jobs report, the S&P 500 remains 50% above the 12-year lows hit in March. Stocks churned [...]

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Dow Jones seeks buyers for indexes

By doris | Published: August 22, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Dow Jones & Co. is looking to sell its stock-market index business, according to The Wall Street Journal. Dow Jones, which was purchased by News Corp. (NWS, Fortune 500) in 2007, owns a basket of stock market indexes, each of which average a group of stocks to [...]

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Stocks stage late-day turnaround

By doris | Published: July 9, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Wall Street erased most of its losses by the close Wednesday, as investors set aside concerns about the economy to gear up for the quarterly reporting period, which got underway after the closing bell with Alcoa. The Dow Jones industrial average (INDU) gained 15 points, or 0.2%. [...]

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Dow turns positive for ’09

By doris | Published: June 13, 2009

Full Story At Money.cnn.com NEW YORK (CNNMoney.com) — Stocks churned Friday, at the end of a mixed week on Wall Street, that nonetheless left the Dow industrials in positive territory for the year for the first time since January. The Dow Jones industrial average (INDU) gained 28 points, or 0.3%, ending above its 2008 close [...]

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