Stock markets Wall Street saw a merciful end to a dreadful year as stocks closed with a sizeable advance. Investors took some comfort from the Labour Department's report of a sharp drop in weekly unemployment claims. The Dow Jones rose 108 to 8,776.4 - but shed...
Treasury support means it is now 'highly unlikely' GM's auto arm will be liquidated GMAC, the US lender part-owned by General Motors, moved quickly yesterday to widen its lending and boost the country's stricken car industry after receiving a $6bn (4.2bn) bailout from the federal...
Stock markets Wall Street suffered after Kuwait pulled out of a joint venture with Dow Chemical, threatening Dow's planned takeover of Rohm & Haas; the two were the largest decliners on the NYSE. Rising energy shares tempered losses after oil prices rose 6 per cent. The...
NEW YORK -- Wall Street put together a moderate advance in light post-Christmas trading Friday after the government threw a lifeline to General Motors' financing arm, but gains were limited by dreary holiday shopping readings that dimmed the chance of a big year-end rally. The major indexes...
Stock markets The Dow fell 1.2 per cent on further deterioration in the housing market, while worry over weak consumer spending hit retailers. General Motors, off 14.8 per cent, fell for a second day as investors worried if last week's $17.4bn government aid package will be...
CINCINNATI -- The Home Depot, Inc. (NYSE: HD) is struggling against an incredibly difficult environment for the housing market as well as the retail sector, yet this Dow component is sitting on a modest year-to-date loss of about 12%. By contrast, the broader Dow Jones Industrial Average is down 36%...
NEW YORK -- After the Associated Press used incomplete information, JPMorgan Chase today clarified its use of TARP funds: "JPMorgan Chase & Co. is using the TARP funding for the purposes that the government has designated. The company is lending to consumers, small businesses, corporations, municipalities and other...
Wednesday, February 4, 2009; 11:00 a.m. Eastern Time NORWALK, Conn. -- A conference call to review 2008 results and to provide guidance for 2009 will be held on Wednesday, February 4, 2009, at 11:00 a.m. ET by Michael E. Campbell, Chairman, President and CEO; Louis S....
Stock markets Stocks slid 0.7 per cent on more evidence the year-long recession will keep hitting corporate profits, while retailers fell on worry the holiday shopping season could be the worst in nearly 40 years. Top US staffing firm Manpower - off 14.2 per cent -...
How would you invest $10,000 in the coming year? We pose that question annually to a panel of investment experts. Not surprisingly, the returns of their selections for 2008 mirrored an abysmal financial landscape. The best that can be said of...
Stock markets Wall Street fell 1.1 per cent as further signs of economic deterioration dampened earlier enthusiasm about the Fed's record rate cut. A larger-than-expected loss from Morgan Stanley gave fresh evidence of the obstacles the battered financial industry faces. Off 8 per cent at one...
First U.S. Mutual Fund to Use Dow Jones Sustainability World Index DJSI World NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- The Dreyfus Corporation, part of BNY Mellon Asset Management, today announced the introduction of the Dreyfus Global Sustainability Fund. It will be the first mutual fund offered in...
CHICAGO, Dec. 18 /PRNewswire/ -- Chicago Tribune, the leading media company in the Chicago area, and Dow Jones & Co. today announced a joint agreement to print the daily and weekend Wall Street Journal newspaper editions and Barron's weekly newspaper in the Midwest region. The agreement expands...
United States Continues to Drive Global Cleantech Investment NEW YORK & LONDON -- Venture capital investment in cleantech companies reached a record US$4.6 billion in the first three quarters of 2008, according to Ernst & Young's analysis of activity in the United States, Europe, China and Israel based...
CHICAGO -- "Last year none of our forecasters predicted zero interest rates, oil below $40 a barrel, Dow Jones below 8000, a banking collapse or deflation! This year's forecast should be really interesting!" The discussion will be moderated by Terry Savage, President, Terry Savage Productions LTD and author...
WASHINGTON -- The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as zero Tuesday, a surprisingly strong step that should make it cheaper for Americans to borrow on credit cards and pay their mortgages. Wells Fargo,...
App Gives Mobile Professionals a Customer Intelligence Edge Using iPhone and iPod Touch NEW YORK, Dec. 15 /PRNewswire/ -- Dow Jones & Company today announced its new mobile application, Dow Jones Sales Triggers for iPhoneTM and iPodR Touch, available on the Apple App Store. Dow Jones Sales...
SAN DIEGO -- The College of Business Administration at San Diego State University SDSU announced today that research conducted at the college suggests that the "buy," "hold" and "sell" recommendations from stock market analysts are frequently inaccurate and may even be deceptive due to conflicts of interest on the part...
Leading Agribusiness Utilizes Internet-based Corporate Social Responsibility Software to Maintain its High Standing on the Dow Jones Sustainability Indexes CARLSBAD, Calif. -- Enviance, the leading provider of Internet-based, on-demand systems for the management and automation of environmental, health and safety EHS and greenhouse gas GHG compliance activities, today...
