MARKETS
Grim earnings and economic reports can't stop Street's rise
Wall Street Journal Nov 26, 08 3:20 PM CST
(Newser)
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The markets extended a winning streak into a fourth session today, despite mostly dismal economic data, the Wall Street Journal reports. Consumer spending and orders for durable goods fell over the last month, but the Dow closed up 247.14 points at 8,727. The Nasdaq rose 67.4 points to close at 1,532, and the S&P 500 gained 30.28 points, settling at 888.
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MARKETS
Index off more than 300 early on ugly jobs news
MarketWatch Nov 13, 08 3:35 PM CST
(Newser)
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Stocks rallied late today, overcoming the report of a big jump in weekly jobless claims that pushed the Dow briefly below 8,000 earlier in the session, MarketWatch reports. Amid mixed earnings reports and generally downbeat forecasts, the Dow gained 552.59 to close at 8,835.25. The Nasdaq rose 97.49 to close at 1,596.70, while the S&P 500 climbed 58.99 to 911.29.
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MARKET Open
Jobless claims reach 7-year high
Wall Street Journal Nov 13, 08 8:55 AM CST
(Newser)
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Jobless claims rose to a 7-year high last week, but that didn’t appear to move the needle for stocks, which barely budged at today's open. The Dow crept up 66 points, while the S&P and Nasdaq rose 0.9% and 0.4% respectively. A staggering 32,000 filed new jobless claims last week, to a seasonally adjusted 516,000, a much bleaker number than analysts anticipated.
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MARKETS
Traders worry non-financial stocks may still feel recession's bite
Wall Street Journal Oct 14, 08 3:20 PM CDT
(Newser)
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Stocks closed lower today after an earlier rally died down as worries about consumer-discretionary and tech stocks overcame investors’ faith in global actions to quell the credit crisis, the Wall Street Journal reports. The Dow, up nearly 400 early, ended off 76.62, to 9,310.99. The Nasdaq, especially hard hit, lost 65.24 to close at 1,779.01. The S&P 500 dropped 5.35 to 998.00.
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Rank-and-file benefits may be at risk as companies use tax loophole
Wall Street Journal Aug 4, 08 9:18 AM CDT
(Newser)
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Companies from CenturyTel to Intel are funneling pension benefits to retired executives at the expense of workers, using a practice that potentially violates tax rules and puts pension plans at risk, reports the Wall Street Journal . Hundreds of millions of dollars in long-term benefits pegged for executives are draining plans at the expense of the rank and file.
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International demand keeps tech afloat even as economy sinks
Wall Street Journal Jul 18, 08 8:53 AM CDT
(Newser)
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The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the Internet and cell phones enjoy wider use in the developing world.
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Before the iMac, there were mega machines
LiveScience Jul 16, 08 8:21 PM CDT
(Newser)
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Convenience is a given when it comes to today's PCs, but the machine you're reading this on has come a long way. Major transformations date as far back as the early 19th century. Live Science gives the back-story on 10 revolutionary computers. The Difference Engine, 1822: Designed by Charles Babbage but not built until decades later, today's replicas show this math-table-generating machine to work flawlessly. ENIAC, 1946: This US Army computer weighed 30 tons, used 17,478 vacuum tubes, and consumed 150 kilowatts.
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Major coup in battle between rival chipmakers
Wall Street Journal Jul 8, 08 12:29 PM CDT
(Newser)
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In an important win over its sometimes-struggling rival, Intel has wooed away AMD client DreamWorks Animation. DreamWorks will replace its current servers and computer workstations, which use AMD chips, with new Intel-powered ones. The studio said the change will make its computing faster and help it start producing 3-D animation, reports the Wall Street Journal .
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The thirty pieces of silver are on their way
New York Times Jun 26, 08 11:21 AM CDT
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Intel has decided not to upgrade the 80,000 or so computers its employees use to Windows Vista, seemingly betraying its longtime bosom buddy Microsoft, the New York Times reports. The latest Windows iteration has drawn jeers for being bloated and buggy. “This isn’t a matter of dissing Microsoft,” said an Intel source. “Intel information technology staff just found no compelling case for adopting Vista.”
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ANALYSIS
Predatory behavior or competition?
New York Times Jun 21, 08 3:08 PM CDT
(Newser)
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Washington's probe into Intel exposed just how "squishy" antitrust issues can be, Joe Nocera writes in the New York Times . What rival chipmaker AMD has called "predatory behavior" can also be seen as "good old-fashioned competition. What makes antitrust so maddening is that the answer depends as much on who is asking the question—and where—as it does on the evidence," Nocera writes.
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SpectraWatt joins IBM, HP entries, part of a larger trend in IT industry
CNET Jun 17, 08 4:31 PM CDT
(Newser)
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Intel made a move into clean technology yesterday, creating a spinoff that will manufacture solar cells and pumping $50 million into it. SpectraWatt’s focus will be on improving solar-cell efficiency and cutting costs per watt, its CEO told CNet. IT companies are increasingly getting into the solar industry. Both IBM and HP recently began such endeavors.
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Email, IMs keep employees available and distracted
New York Times Jun 14, 08 11:25 AM CDT
(Newser)
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Google, Microsoft, Intel, and IBM are partnering are on a new initiative to help workers distracted by emails and instant messages improve their productivity, the New York Times reports. The Information Overload Research Group, a nonprofit launching next month, will devise cultural and technological solutions to reduce the digital deluge that’s costing firms $650 billion a year in productivity.
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MARKETS
Weekly loss of 3.5% off jobs, crude
MarketWatch Jun 6, 08 3:22 PM CDT
(Newser)
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The markets took huge losses today, battered by $139 oil and the worst unemployment report in 4 years, MarketWatch reports. The Dow fell 394.64 to close at 12,209.81, and down 3.5% for the week. The Nasdaq fell 75.38 to 2,474.56, a 1.9% weekly loss, and the S&P 500 fell 43.37 to 1,360.68, 2.9% on the week.
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