Category Archives: Wall Street

Stocks hit 2-year highs

By doris | Published: December 17, 2010

Full Story at Money.cnn.com NEW YORK (CNNMoney.com) — Stocks closed at two-year highs Thursday, with two of the three major indexes hitting their highest levels since September 2008. Investors looked on the brighter side of mixed reports on housing and jobs that came out before the opening bell. The Dow Jones industrial average (INDU) closed [...]

Also posted in America, Business, Market, Money, Stocks | Leave a comment

Wall Street bonuses may top last year’s as earnings soar

By doris | Published: December 16, 2010

Full Story at msnbc.com NEW YORK — Despite the weak U.S. economy, this year could be the second most profitable for New York City’s securities industry, and the average bonus may top last year’s because so many bankers and brokers have been laid off, the state comptroller said in a report on Wednesday. “Wall Street [...]

Also posted in America, Banking, Business, Corporate, Economy, Financial, Investors, Money, Profit, Stocks | Leave a comment

Stocks end mixed as Senate votes on tax deal

By doris | Published: December 14, 2010

Full Story at money.CNN.com NEW YORK (CNNMoney.com) — U.S. stocks finished a lackluster session mixed Monday as investors mulled over a flurry of corporate deals and awaited resolution on the tax-cut deal from Washington. The Dow Jones industrial average (INDU) ticked up 18 points, or 0.2%, the S&P 500 (SPX) rose less than a point, [...]

Also posted in America, Business, Corporate, Financial, Investors, Money, Stocks, Tax | Leave a comment

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 [...]

Also posted in Corporate, Dividends, Financial, Government, Investors, Money, Stocks | Leave a comment

Stock market eagerly awaits ‘Black Friday’ too

By doris | Published: November 22, 2010

Full Story at  msnbc.com NEW YORK — Expectations about “Black Friday,” when Americans traditionally get serious about holiday shopping, could sway stocks this week if it looks like the economy will get a pop from consumer spending. The outcome a bailout for Ireland could also move stocks, analysts said, but they cautioned that other highly [...]

Also posted in Business, Economy, Financial, Investors, Market, Money | Leave a comment

GM to be reborn as public company Thursday

By doris | Published: November 18, 2010

Full Story at msnbc.com The last time General Motors threw a big party was two years ago, for its 100th birthday. Two months later, its CEO was before Congress, begging for bailout money. Now GM is getting ready for another celebration — this time for its future. GM will be reborn as a public company [...]

Also posted in Auto, Business, Corporate, Money, Stocks | Leave a comment

Investors display voracious appetite for GM shares

By doris | Published: November 14, 2010

Full Story at msnbc.com NEW YORK — General Motors Co.’s landmark initial public offering has already garnered $60 billion in orders, a clear sign of healthy investor interest for the massive automaker that was in desperate straits just over a year ago. The robust demand for shares in GM, which filed for bankruptcy in June [...]

Also posted in Auto, Business, Corporate, Financial, Stocks | Leave a comment

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 [...]

Also posted in Banking, Business, Corporate, Deals, Dividends, Economy, Investors, Money | Leave a comment

Stocks end a brutal August with meager gains

By doris | Published: September 1, 2010

Full Story at msnbc.com NEW YORK — The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials’ increasing concern about the economy. Stock indexes gave up most of their gains in mid-afternoon after the release of minutes from the Fed’s Aug. 10 [...]

Also posted in America, Banking, Business, Corporate, Economy, Financial, Government, Investors, Lose, Money, Stocks | Leave a comment

Big Mac attack: McDonald’s stock sizzles

By doris | Published: August 28, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — If you needed any more proof that the economy is slowing down, look no further than how well McDonald’s stock is doing. Shares of Mickey D’s are up 18% this year, putting the company neck and neck with DuPont (DD, Fortune 500) as the best-performing company in [...]

Also posted in Business, Corporate, Financial, Investors, Market, Money, Reccession, Restaurant, Stocks | Leave a comment

Stocks end lower for 4th straight day

By doris | Published: August 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Stocks ended lower Friday, the fourth consecutive day of declines, as investors digested dour economic reports in the retail and consumer sectors. The Dow Jones industrial average (INDU) fell 17 points, or 0.2%, to end at 10,303.15. The S&P 500 (SPX) lost 4 points, or 0.4%, to [...]

Also posted in America, Business, Financial, Money | Leave a comment

Hello. Wall Street is out of the office …

By doris | Published: August 2, 2010

Full Story at msnbc.com LONDON — Send an e-mail to a fund manager at the moment and the chances are high you will get a bounced reply telling you that he/she is out of the office. The week ahead marks the start of August, a period that can be — but is by no means [...]

Also posted in America, Banking, Business, Investors, Jobs, Money | Leave a comment

SEC needs to add 800 jobs due to reform law

By doris | Published: July 20, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — The Securities and Exchange Commission will need to hire about 800 new people to carry out the Wall Street reform legislation, the head of the regulatory agency plans to tell lawmakers. SEC Chairwoman Mary Schapiro will testify before a House Financial Services subcommittee Tuesday, discussing oversight of the [...]

Also posted in Business, Economy, employment | Leave a comment

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 [...]

Also posted in America, Business, Dividends, Financial, Investors, Jobs, Legal, Market, Money, Stocks | Leave a comment