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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: stocks

stocks stories: 99 news summaries

21 - 40 of 99 Stories | << Prev 1 2 3 4 5 Next >>

markets

 Optimism Sends Stocks Surging 

Investors brush off news of spiking oil prices

(AP) - Wall Street soared for the second straight day today, rallying in the last hour of trading after a rebound in financial stocks and optimism about private sector jobs helped investors brush off a sharp jump in oil prices. The Dow rose 186 points to 11,583.69, the S&P... More »

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Stocks Decline as Fannie, Freddie Fall, Oil Leaps

Market nears 11,000 for first time in two years

(AP) - Stocks tumbled this morning as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further into record territory. The Dow fell more than 170 points and neared the 11,000 mark for the first time in two years. Investors seemed unimpressed by... More »

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MARKETS

 Stocks Rebound on GM News 

Markets edge upwards after big fall early in the session

(Newser) - Stocks rebounded from an early slump today after a better-than-expected sales report from General Motors, the Wall Street Journal reports. The GM news also pushed up stocks of other troubled automakers. The Dow ended up 32.25 at 11,382.26, the Nasdaq up 11.99 at 2,304.97,... More »

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Kerkorian Bets Big on Ford Turnaround

Investor buys 100M shares, taking 4.7% stake after strong Q1

(Newser) - Investor Kirk Kekorian is gobbling up shares of Ford in move seen as a vote of confidence for the automaker’s turnaround efforts, the Wall Street Journal reports. Kerkorian’s Tracinda has bought about 100 million shares and holds a 4.7% stake in the firm. Tracinda also offered to... More »

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MARKETS

 Stocks Fall on Dismal Earnings 

Housing data, WaMu bailout not helping investor confidence

(Newser) - Stocks fell today as the first-quarter earnings report season began with dismal results and a grim new report confirmed that the housing slump hasn't bottomed out, Bloomberg reports. Washington Mutual, freshly bailed out by TPG, led financials lower after it slashed its dividend 93%. The Dow fell 35.99 to... More »

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Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

(Newser) - The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the... More »

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MARKETS

Stocks Mixed on Bad Tidings

Dow, Nasdaq dip slightly amid more recession fears; S&P ticks up

(Newser) - The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized... More »

UPDATED
(Newser) - Stocks are rallying back after a terrifying open that saw the Dow fall over 460 points within minutes, the Wall Street Journal reports. Since then, buyers have returned, spurred on by the Fed’s unprecedented 0.75% emergency rate cut. The rally has so far recouped all but 145 points... More »

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NYSE To Buy Rival Exchange

Deal will save the struggling American Stock Exchange

(Newser) - The Big Board is about to get a bit bigger: The parent company of the New York Stock Exchange agreed today to snap up its smaller rival, the American Stock Exchange, for $260 million in stock, the Wall Street Journal reports. The deal ends a rivalry that began during the... More »

Starbucks Founder Back
in CEO Saddle

Will pare back coffee giant after sales stall and stocks tumble

(Newser) - Starbucks reacted to slow sales and new competition today by bringing back founder Howard Schultz as CEO, replacing folksy chief exec Jim Donald. "We must address the challenges we face and we know what has to be done," Schultz said. Schultz vows to reignite sales by trimming back... More »

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Howard Schultz Starbucks coffee CEO stocks US economy Jim Donald

Investors Uncork Wild Wine Prices

Internet, foreign funds make even second-tier wines pricier

(Newser) - Investors are uncorking a new area of speculation these days: fine wine. Thanks to the Internet, which has turned an elite hobby into a worldwide auction, prices are overflowing. Buyers can even throw money at vino investment funds and an electronic trading exchange based in London, which is up 39%... More »

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China Russia wine stocks auction luxury goods investment fund

Apple Shares Smash $200 Barrier

Hot gadgets help company muscle past IBM, Dell, Intel in value

(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... More »

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PetroChina Becomes First Trillion-Dollar Company

Wildly successful IPO gives China 5 of world's top 10 companies

(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... More »

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Citigroup Worries Hit World Markets

Asian, European markets down, US  futures off on news of $11B writedown

(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... More »

Wall Street Watching Fed's High Wire Act

Rate cut expected
in unusually tough decision this week

(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... More »

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Citigroup Earnings Plunge 60% on Subprime Woes

Company will be latest victim of market turmoil when it reports

(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... More »

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Goldman Up Whopping 76% in 3rd Quarter

Bear Stearns drops 61% on mortgage fund losses

(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... More »

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Dubai Buys Nasdaq, LSE Shares

Oil-rich emirate looks
to diversify, picks up 20% of big indexes

(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... More »

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Market Still Partying After Cut

Rallies continue off of big Federal Reserve rate slash

(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... More »

Asia Stocks Surge After Fed Cut

Prices soar to highest levels in a month

(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... More »

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