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October 12, 2008 10:53:18 PM CDT

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Stories related to: stocks

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Stories 21 - 40 of 88

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  • December 2007

    • Apple Shares Smash $200 Barrier

      Bloomberg  |  Dec 26, 07 3:40 PM CST

      Apple Shares Smash $200 Barrier

      (Newser) - Apple's shares hit a record high today, climbing $1.80 to $200.60 before retreating to close at $198.95. Strong sales of the Macintosh computer, iPod, and iPhone fueled the rally, reports Bloomberg, and Apple says sales this holiday season will be the highest in its 31-year history. The company's stock price has more than doubled in 12 months, meaning Apple now has a higher market value than Dell, IBM, and Intel. More »

      Tags

      Apple  • iPhone  • stocks  • Steve Jobs  • iPod  • Macintosh

  • November 2007

    • PetroChina Becomes First Trillion-Dollar Company

      Bloomberg  |  Nov 5, 07 8:14 AM CST

      PetroChina Becomes First Trillion-Dollar Company

      (Newser) - In its first day of trading, PetroChina Co. became the world’s most valuable company, hitting $1 trillion in market capitalization after shares nearly tripled to 43.96 yuan from an IPO of 16.7 yuan. It’s now worth more than the entire Russian stock market. Some analysts interpreted the valuation as  “an indication of China coming of age,” Bloomberg reports. For others, it’s a sign of an unsustainable market bubble. More »

      Tags

      China  • gas prices  • stocks  • Asian stocks  • Chinese stock market  • PetroChina

    • Citigroup Worries Hit World Markets

      Reuters  |  Nov 5, 07 6:56 AM CST

      Citigroup Worries Hit World Markets

      (Newser) - Asian and European stock indexes declined today, and US futures dropped sharply as news of Citigroup's projected $11 billion writedown triggered fears that the subprime mortgage crisis will continue to roil markets. Japan’s Nikkei stock index closed 1.5% down, a 7-week low, and Hong Kong's Hang Seng index fell 5.01%, AP reports. UK, German, and French indexes were all off in midday trading. More »

      Tags

      credit crisis  • mortgage crisis  • Citigroup  • stocks  • Nikkei 225 Stock Average

  • October 2007

    • Wall Street Watching Fed's High Wire Act

      Associated Press  |  Oct 28, 07 6:32 PM CDT

      Wall Street Watching Fed's High Wire Act

      (Newser) - All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has been for a while. Most investors think the Fed is more concerned about the credit crunch, but how long it will feel that way is unclear. More »

      Tags

      Dow Jones  • Federal Reserve  • subprime mortgages  • Ben Bernanke  • inflation  • stocks  • markets  • credit

    • Citigroup Earnings Plunge 60% on Subprime Woes

      New York Times  |  Oct 1, 07 10:53 AM CDT

      Citigroup Earnings Plunge 60% on Subprime Woes

      (Newser) - Citigroup is the latest big-name victim of the subprime crash, the company announced today, warning of a 60% third-quarter earnings drop. Full earnings will be out Oct. 15, but it appears net income will drop to $2.2 billion from the $5.51 billion reported last year. “Our expected third-quarter results are a clear disappointment,” said CEO Charles Prince. More »

      Tags

      subprime mortgages  • Citigroup  • stocks  • earnings reports  • banking

  • September 2007

    • Goldman Up Whopping 76% in 3rd Quarter

      Wall Street Journal  |  Sep 20, 07 10:20 AM CDT

      Goldman Up Whopping 76% in 3rd Quarter

      (Newser) - Two financial giants posted dramatic earnings this morning: Goldman Sachs wowed investors with a 79% surge in third quarter net income, while Bear Stearns’ dropped 61% thanks to massive hedge-fund losses. The two were on opposite sides of the subprime collapse. Bear Stearns is among the top packagers of mortgage-based securities, which Goldman short-sold for huge gains. More »

      Tags

      stock market  • Bear Stearns  • Goldman Sachs  • stocks  • finance

    • Dubai Buys Nasdaq, LSE Shares

      Bloomberg  |  Sep 20, 07 8:01 AM CDT

      Dubai Buys Nasdaq, LSE Shares

      (Newser) - Dubai will buy substantial stakes in two stock markets in an attempt to diversify its holdings beyond petroleum, Bloomberg reports. Borse Dubai, the emirate's investing arm, will acquire almost 20% of the Nasdaq and 28% of the London Stock Exchange. The Nasdaq purchase includes a deal for a Norwegian exchange as well and gives Nasdaq its first foothold in Europe. More »

      Tags

      Nasdaq  • stocks  • Dubai  • London Stock Exchange  • OMX

    • Market Still Partying After Cut

      Wall Street Journal  |  Sep 19, 07 9:36 AM CDT

      Market Still Partying After Cut

      (Newser) - Wall Street kept the party going today, as the Federal Reserve’s half-point rate cut kept pushing stocks up. Financials even shrugged off disappointing earnings from Morgan Stanley, which posted a more-than-expected 17% drop in net income for the quarter, the Wall Street Journal reports. The Dow rose 58.04 points in early trading, with the S&P gaining 9.97 and the Nasdaq up 19.03. More »

      Tags

      stock market  • Federal Reserve  • Wall Street  • stocks  • New York Stock Exchange

    • Asia Stocks Surge After Fed Cut

      Bloomberg  |  Sep 19, 07 5:00 AM CDT

      Asia Stocks Surge After Fed Cut

      (Newser) - Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led the gains, reports Bloomberg. More »

      Tags

      Federal Reserve  • recession  • stocks  • markets  • interest rate cut  • Asian markets  • Japanese economy

    • Fed Slashes Benchmark Rate

      Bloomberg  |  Sep 18, 07 2:05 PM CDT

      Fed Slashes Benchmark Rate

      (Newser) - The Federal Reserve aggressively cut its benchmark rate today, dropping the federal funds rate a half-point to 4.75%. The larger-than-expected cut was “intended to help forestall” the ballooning credit crisis, the central bank said in a statement. The cut in the key interest rate, the first in 4 years, was double the quarter-point drop that had been widely expected, Bloomberg reports. More »

      Tags

      stock market  • Federal Reserve  • credit crisis  • stocks  • interest rate cut  • benchmarks

    • British Bank Rebounds as Panic Wears Off

      Daily Telegraph (UK)  |  Sep 18, 07 12:38 PM CDT

      British Bank Rebounds as Panic Wears Off

      (Newser) - As the lines of people waiting to make withdrawals from Northern Rock bank dwindled today, the British lender’s stock rose, bringing with it other hard-hit British financials. Northern Rock's huge losses in the mortgage market sparked a sell-off, drawing emergency funds from the Bank of England. But the government's move yesterday to guarantee savings and provide emergency credit to any buyer halted the fire sale. More »

    • Asian Markets in Sharp Slide

      Bloomberg  |  Sep 18, 07 6:02 AM CDT

      Asian Markets in Sharp Slide

      (Newser) - Asian stocks fell yet again today as the subprime mortgage crisis continued to reverberate across global markets. The latest dip came when E*Trade Financial Corp and Bank of America announced the credit crisis was hurting earnings, Bloomberg reports. The biggest fear is that the rising cost of credit will halt consumer spending and trigger a global slowdown. More »

      Tags

      stock market  • subprime mortgages  • stocks  • Asian markets  • Nikkei

    • Bank Meltdown Wallops the British Market

      Guardian (UK)  |  Sep 17, 07 8:34 AM CDT

      Bank Meltdown Wallops the British Market

      (Newser) - Shares of British mortgage lender Northern Rock crashed again today, causing heavy losses in other banks and deflating the FTSE 100 index by more than 100 points by midday. The bank's stock fell 36%, bringing the loss to 78% of its value in the past year. The spreading malaise is expected to bring an abrupt end to the British housing boom, and could damage the new government of PM Gordon Brown More »

      Tags

      Great Britain  • stocks  • takeover  • Northern Rock  • FTSE 100

    • Stocks in Holding Pattern With All Eyes on Fed

      Wall Street Journal  |  Sep 14, 07 4:01 PM CDT