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A brutal week on Wall Street left all three major stock gauges in negative territory for the year and the Nasdaq in full-on ‘correction’ mode.
Posts Tagged ‘result’
Greece backs austerity plan but euro, US stocks fall
Posted by Joel Backman on May 7th, 2010
Reuters TOPWRAP 8-Greece backs austerity plan but euro, US stocks fall Reuters ATHENS/NEW YORK, May 6 (Reuters) – The Greek parliament backed an austerity plan on Thursday despite violent unrest, as European Central Bank inaction on the nation's debt crisis helped to trigger major falls in …
Posted in Forex, General, Stock Market 
Tags: business, contagion-fear, euro, european, Forex, Greece, investors-flee, nation, result, stock, U.S., york 
No Comments »Markets at a turning point
Posted by Joel Backman on May 2nd, 2010
The Dow Jones industrial average broke its 8-week winning streak last week, ending its longest run of gains in six years and setting stocks up for what could be a bigger pullback.
ICBC, CCB, BoCom shares up after bumper Q1
Posted by Joel Backman on April 30th, 2010
Financial Post ICBC, CCB, BoCom shares up after bumper Q1 Reuters HONG KONG, April 30 (Reuters) – Shares in major Chinese banks rallied on Friday off the back of record quarterly earnings with a flurry of fund raising plans already factored into valuations. China Construction Bank (CCB) (0939
Posted in China, Markets, Stock Market Tags: bocom, ccb, chinese, fundraising, icbc, q1, result, shares, stock No Comments »Consumers Help Drive US Economy to 3.2% Growth Rate
Posted by Joel Backman on April 30th, 2010
YubaNet Consumers Help Drive US Economy to 3.2% Growth Rate New York Times For the third quarter in a row, the United States economy showed strong economic growth in the first quarter, and increased consumer spending played a significant role, the Commerce Department reported Friday.
Senate faces fresh vote on bank rule reform
Posted by Joel Backman on April 27th, 2010
WASHINGTON (Reuters) – A sweeping overhaul of banking rules appeared to be headed toward another roadblock in the U.S.
Posted in General Tags: bank, reform, result, reuters, senate, sweeping-overhaul, tuesday, U.S. No Comments »Rising Oil Price Benefits BP Earnings
Posted by Joel Backman on April 27th, 2010
Globe and Mail Rising Oil Price Benefits BP Earnings New York Times LONDON — BP, the British oil company, said Tuesday that its profit more than doubled in the first quarter, helped by higher oil prices. Profit rose to $6.08 billion from $2.56 billion in the first quarter of last year.
Posted in General, Markets Tags: british petrol, oil, price, reports-profit, result, rising No Comments »Senate panel: Goldman hurt customers
Posted by Joel Backman on April 26th, 2010
Goldman Sachs bet aggressively against the U.S. mortgage market, but also profited at the expense of some clients, according to a series of company documents released by lawmakers Monday.
Posted in Markets Tags: documents, expense, Goldman Sachs, lawmakers, market, mortgage, result No Comments »Treasury Gives OK to Sell Some Citi Shares
Posted by Joel Backman on April 26th, 2010
Financial Post Treasury Gives OK to Sell Some Citi Shares Wall Street Journal WASHINGTON—The US Treasury Department approved a sale of 1.5 billion shares of Citigroup Inc. common stock in a step toward reducing its 27% stake in the Wall Street firm. Treasury hired Morgan Stanley to manage its Citi holdings
Posted in General, Markets Tags: billion-shares, business, citigroup-dips, citigroup-stock, news-articles, result, treasury, treasury-gives No Comments »CORRECT: Euro Stumbles, Greek Bonds Strained After Aid Request
Posted by Joel Backman on April 26th, 2010
Globe and Mail CORRECT: Euro Stumbles, Greek Bonds Strained After Aid Request Wall Street Journal (“=2nd UPDATE: Euro Stumbles, Greek Bonds Strained After Aid Request,” at 0950 GMT, misstated the level hit by the euro against the pound in the first paragraph.
Posted in General, Markets Tags: aid, bonds, business, correct-version, europe, Greece, Markets, michael-wilson, result, rogoff-says, stumbles No Comments »
