Category Archives: Investors

Gas price to drop as oil joins commodities fall

By doris | Published: May 7, 2011

Full Story at msnbc.com NEW YORK — Investors finally hit the brakes on oil, gold, silver and food prices. This week’s sharp sell-off doesn’t mean commodity prices’ stunning rise over the last several months is over, but it is good news for anyone planning a road trip this summer. Oil prices fell 15 percent this [...]

Also posted in America, Business, Economy, Gas or Oil, Market, Money | 2 Comments

Party may be over for Big Oil stocks

By doris | Published: April 29, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oil stocks have been gushing all year thanks to surging crude prices. But is the party almost over? Energy giants ConocoPhillips (COP, Fortune 500), Exxon Mobil (XOM, Fortune 500), Royal Dutch Shell (RDSA) and Chevron (CVX, Fortune 500) all reported enormous jumps in profits in the past [...]

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Dow ends week at nearly 3-year high

By doris | Published: April 21, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks advanced for a third straight session Thursday, with the Dow closing at almost a 3-year high following a slew of strong earnings. But disappointing readings on regional manufacturing and the labor market kept a lid on the gains, reminding investors that the economy is still [...]

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$513 million paid in undeserved homebuyer credits

By doris | Published: April 16, 2011

Full Story at  msnbc.com WASHINGTON — The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn’t qualify, a government investigator said Friday. Most of the money — about $326 million — went to more than 47,000 taxpayers who didn’t qualify as first-time homebuyers because [...]

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Stocks dragged down by oil and Alcoa

By doris | Published: April 12, 2011

Full Story at CNNMoney.com NEW YORK (CNNMoney) — U.S. stocks finished lower Tuesday, with all three major indexes losing about 1%, as a 3% drop in oil prices sparked a sell-off in energy stocks and Alcoa’s sales disappointment weighed down the Dow. Investors also were on edge after Japanese officials raised the threat level at [...]

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Oil tops $110 after Japan suffers another blow

By doris | Published: April 7, 2011

Full Story atmoney.cnn.com The gains came after a 7.1-magnitude earthquake occurred around 10:30 a.m. ET, near the same location off the coast of Japan as the March 11 earthquake. Japan’s news agency NHK issued a tsunami warning for roughly the same area that had been deluged by water less than a month ago. The tsunami [...]

Also posted in Environment, Gas or Oil, Japan | Leave a comment

Stocks rally for third day, Dow jumps 178

By doris | Published: March 21, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks rallied for a third day on Monday, as fears about Japan’s damaged nuclear plants eased and investors cheered a huge merger in the telecommunications industry. The Dow Jones industrial average (INDU) jumped 178 points, or 1.5%, to 12,037. It’s the first time the Dow has [...]

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Investors should get prepared for a wild week

By doris | Published: March 20, 2011

Full Story at msnbc.com NEW YORK — Watch out for intraday swings because it’s going to be wild. Cataclysmic events, including a nuclear disaster in Japan, uprisings in the Middle East and North Africa and the possibility of more currency market intervention will keep investors reacting to headlines. “This is an extremely news-driven market. Investors [...]

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Fed to meet as risks to the economy are growing

By doris | Published: March 14, 2011

Full Story at msnbc.com WASHINGTON — Higher oil and food prices. Unemployment near 9 percent. Crises in the Middle East and Japan. The U.S. economy faces threats at home and abroad that have the potential to dull growth or stoke inflation. Or both. When they meet Tuesday, Chairman Ben Bernanke and his Federal Reserve colleagues [...]

Also posted in Bill, Business, Economy, Financial, Stocks | 1 Comment

Stocks: Hanging on despite risks

By doris | Published: March 13, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The stock market is facing plenty of risk, including uncertainty caused by the disaster in Japan. But one threat trumps them all: Oil prices are still sitting over $100 a barrel and could rise higher amid ongoing political turmoil in the Middle East. While the concern over [...]

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Stocks end higher for the day, lower for the week

By doris | Published: March 11, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — Despite posting decent gains during Friday’s session, stocks finished a choppy week of trading lower, as investors remained on edge in the wake of a massive earthquake and tsunami in Japan that have added to concerns over conflict in North Africa and the Middle East. The Dow [...]

Also posted in Banking, Business, Economy, Gains, Stocks | 1 Comment

Obama’s budget to target education Pell grants

By doris | Published: February 13, 2011

Full Story at money.cnn.com WASHINGTON (CNN) — President Obama’s budget Monday will propose cutting $100 billion dollars from the Pell grant program and other higher education programs, but use those savings to ensure that eligible students would be able to receive the current maximum award of $5,500 per school year. Jacob Lew, director of the [...]

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Oil driller Ensco to buy rival Pride for $7.3 billion

By doris | Published: February 7, 2011

Full Story at news.Yahoo.com NEW YORK/SAN FRANCISCO (Reuters) – Ensco Plc (ESV.N) plans to buy Pride International Inc (PDE.N) for about $7.3 billion to create the world’s second-largest offshore oil and gas driller and extend its reach to lucrative deepwater fields off Brazil and West Africa. The deal, unveiled on Monday, sets a purchase price [...]

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Stocks plunge amid Egypt unrest

By doris | Published: January 28, 2011

Full Story at CNNMoney.com NEW YORK (CNNMoney) — U.S. stocks plunged Friday, with the three major indices logging the worst daily drops in months, as investors grew nervous about political unrest in Egypt. The Dow Jones industrial average (INDU) lost 166 points, or 1.4%, the biggest daily drop since Nov. 16, 2010. A 3.9% drop [...]

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