Stocks inch higher but worries about Europe linger
Wednesday, May 16, 2012
Hopes that the U.S. housing market is starting to recover sent stocks edging higher on Wall Street.The market's gains are being held back by continuing worries that Greece's political deadlock could fracture ... read more..
Early Glance: Chemicals companies
Wednesday, May 16, 2012
Shares of some top chemicals companies are up at 10 a.m.:Dow Chemical Co. rose $.35 or 1.1 percent, to $31.22.DuPont Co. rose $.65 or 1.3 percent, to $50.80. read more..
Stocks higher on housing but Europe worries linger
Wednesday, May 16, 2012
Hopes that the U.S. housing market is starting to recover and the economy is on the mend sent stocks higher on Wall Street.But the gains are being constricted from continuing worries that Greece's political ... read more..
Wall Street to rise at open, volatility expected
Wednesday, May 16, 2012
Stocks were set to open higher on Wednesday with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as calming markets. But they cautioned that trading throughout ... read more..
Chico's Q1 beats on robust sales, shares up
Wednesday, May 16, 2012
Women's apparel retailer Chico's FAS Inc reported a rise in quarterly profit that surpassed Wall Street expectations as it continued to benefit from strong demand for its brands. Shares of the company, ... read more..
Stock futures flat as Greek crisis pressures equities
Wednesday, May 16, 2012
Stock index futures were little changed on Wednesday as investors continued to worry about Greece's political and financial crisis as the country prepares for its second election in just over a month. ... read more..
France Sells EU8 Billion in Debt in First Hollande Auction - Bloomberg
Wednesday, May 16, 2012
Telegraph.co.uk France Sells EU8 Billion in Debt in First Hollande Auction Bloomberg France sold 8 billion euros ($10.2 billion) in bonds, with borrowing costs falling in the first auction after President Francois Hollande took power. France auctioned the maximum amount targeted by Agence France-Tresor, the debt-management agency, ... France's new prime minister takes office The Associated Press Merkel and Hollande Spell Out Greek Fear CNBC.com France's new prime minister, a moderate and German-speaker, takes office Washington Post Economic Times - Wall Street Journal (blog) all 3,176 news articles » read more..
Oil falls on euro zone, WTI at six-month low
Wednesday, May 16, 2012
Oil prices slid with world shares and the euro on Wednesday as investors fled from riskier assets, while a surprise build in U.S. crude inventories helped send the WTI benchmark to a more than six-month ... read more..
On Track: EADS Reports First Quarter (Q1) Results 2012 - Reuters
Wednesday, May 16, 2012
Belfast Telegraph On Track: EADS Reports First Quarter (Q1) Results 2012 Reuters On Track: EADS Reports First Quarter (Q1) Results 2012 Revenues climb 16 percent to EUR 11.4 billion EBIT* before one-off up 109 percent: EUR 480 million Net Income* before one-off (4) increases 156 percent to EUR 259 million Free Cash Flow of EUR -1.2 ... EADS hit by charge on A380 wing cracks Financial Times EADS Upgrades Forecasts, Takes Charge To Fix A380 Wings NASDAQ EADS Has First-Quarter Profit, Raises Earnings Guidance for 2012 Bloomberg Washington Post all 207 news articles » read more..
Oil Drops to Six-Month Low on Rising Stockpiles, Greek Crisis - BusinessWeek
Wednesday, May 16, 2012
USA TODAY Oil Drops to Six-Month Low on Rising Stockpiles, Greek Crisis BusinessWeek By Grant Smith and Ben Sharples on May 16, 2012 Oil dropped in New York to the lowest price in more than six months after US crude stockpiles grew and talks to form a coalition government in Greece collapsed, raising concern that the region's debt ... Oil falls to 6-month low near $92 on US supplies The Associated Press all 982 news articles » read more..
FOREX-Greece worries send euro to 4-mth low vs dollar - Reuters
Wednesday, May 16, 2012
Moneycontrol.com FOREX-Greece worries send euro to 4-mth low vs dollar Reuters * Euro hits 4-month low vs dollar, 3-month low vs yen * Greek uncertainty continues, euro could test 2012 low * Dollar, yen firm as investors shun riskier assets By Jessica Mortimer LONDON, May 16 (Reuters) - The euro fell to a four-month low against ... Asian Shares Tumble As Greece Worries Intensify Wall Street Journal Eurozone crisis live: Greece sends stock markets tumbling again The Guardian Greece worries pile pressure on European shares Chicago Tribune CNBC.com - Reuters India - Seattle Post Intelligencer all 5,022 news articles » read more..
US stock index futures point to more losses - Reuters
Wednesday, May 16, 2012
Globe and Mail US stock index futures point to more losses Reuters US stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 am EDT. The expected weakness on Wall Street chimes with ... United States Stocks Tumble while Dollar Gains Dice News Stocks slide on Greek woes CNN Stocks Stumble in Tuesday Trade First Coast News Wall Street Journal - Los Angeles Times - The Associated Press all 1,034 news articles » read more..
Does JP Morgan loss show regulators' great failure? - BBC News
Wednesday, May 16, 2012
BBC News Does JP Morgan loss show regulators' great failure? BBC News Regulators could not be happier about JP Morgan's loss of at least $2bn that was generated by its Chief Investment Office. On the one hand, it didn't sink JP Morgan: the bank has enough equity and is generating sufficient profit to absorb the loss. Dimon's Unshakable Hubris Daily Beast Chase's chief weathers storm over loss of $2 billion Columbus Dispatch Dimon confronted over $2B trading loss Times-Standard The Jersey Journal - NJ.com - Wall Street Journal all 8,434 news articles » read more..
Pound Eyes BOE Minutes, Dollar Looks to Fed Minutes to Drive Rally
Wednesday, May 16, 2012
Pound Eyes BOE Minutes, Dollar Looks to Fed Minutes to Drive Rally read more..
Oil drops $1 on U.S. stockbuild, Greece; WTI hits 6-month low
Wednesday, May 16, 2012
Oil fell more than $1 on Wednesday, with the U.S. benchmark dropping to a more than 6-month low, as a larger-than-expected rise in crude stocks in the United States and fears of Greece's exit from the ... read more..
Should France Be Added to 'PIIGS'? - CNBC.com
Wednesday, May 16, 2012
BBC News Should France Be Added to 'PIIGS'? CNBC.com French President Francois Hollande may have his differences with German Chancellor Angela Merkel, but Europe's two most powerful leaders have agreed in principle to forge a growth strategy for Europe in time for next month's European Union heads of ... German, French leaders set growth talks Detroit Free Press France's new leader Hollande has tough to-do list BusinessWeek New French President Holds Talks With Merkel In Berlin RTT News Boston.com - Hindustan Times - Christian Science Monitor all 3,071 news articles » read more..
European Stock Futures Decline Amid Concern Over Greece - Bloomberg
Wednesday, May 16, 2012
Telegraph.co.uk European Stock Futures Decline Amid Concern Over Greece Bloomberg European stock futures retreated, indicating the Stoxx Europe 600 Index may extend its lowest level this year, amid deepening speculation Greece will have to leave the euro currency bloc. Banks may decline after Greece's central bank chief said ... Analysis: Euro twilight zone beckons for Greece Reuters Europe Shares Expected to Slide on Greece Worries CNBC.com Euro Extends Losses In Asia As Greek Political Concerns Continue Wall Street Journal BusinessWeek - MarketWatch - Economic Times all 4,912 news articles » read more..
EADS Optimistic Despite Wing Charge - Wall Street Journal
Wednesday, May 16, 2012
RTT News EADS Optimistic Despite Wing Charge Wall Street Journal By DAVID PEARSON PARIS—European Aeronautic Defence & Space Co NV said Wednesday it took a €158 million ($201.1 million) charge in the first quarter to provide a permanent fix to wing cracks in its iconic A380 superjumbo, but the aerospace giant raised ... EADS Has First-Quarter Profit, Raises Earnings Guidance for 2012 Bloomberg EADS hit by Airbus A380 wing cracks charge CNBC.com Airbus parent EADS profit hit in 1st quarter by hefty charge to fix wing problem Washington Post NASDAQ all 100 news articles » read more..
Housing starts, oil supplies, Fed on tap
Wednesday, May 16, 2012
Today's economic calendar features a wide array of data, including mortgage applications, housing starts, oil inventories, and the Federal Reserve's meeting minutes.The day begins with MBA mortgage-purchase ... read more..
TREASURIES-Bonds supported as Greece fears grow - Reuters
Wednesday, May 16, 2012
Globe and Mail TREASURIES-Bonds supported as Greece fears grow Reuters | TOKYO May 16 (Reuters) - US Treasuries were firmly supported in Asia on Wednesday, with 10-year yields stuck near a seven-month low as investors look for a safe haven on worries Greece may be inching closer to an eventual exit from the euro zone. Treasury Yield Is 10 Basis Points From Low on Greece Bloomberg Euro-Zone Fears Drive Bund Yield to Record Low Wall Street Journal Treasurys rise as Greece edges toward euro exit BusinessWeek MarketWatch - TheStreet.com - Washington Post all 92 news articles » read more..
As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them - CNBC.com
Wednesday, May 16, 2012
CNBC.com As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them CNBC.com For hedge funds that could smell blood in the water, it seemed to be an opportunity to take on JPMorgan Chase and win. Even as a trader for JPMorgan The trade contributed to more than $2 billion in losses for JPMorgan, which disclosed the loss last ... Moore Bet on JPMorgan Before Losses BusinessWeek Moore Leads Hedge Funds Betting on JPMorgan Before Losses Bloomberg Hedge funds eye further profits from JPMorgan losses Reuters Wall Street Journal all 41 news articles » read more..
Asian Stocks, Oil, Yen Fall on Greek Talks, Japan Machine Orders - San Francisco Chronicle
Wednesday, May 16, 2012
Bloomberg Asian Stocks, Oil, Yen Fall on Greek Talks, Japan Machine Orders San Francisco Chronicle May 16 (Bloomberg) -- Asian stocks fell for a sixth day, commodities dropped and the yen weakened as talks to form a new Greek government failed and Japanese machinery orders declined. Japan's 10-year bond yield fell to the lowest level since October ... Yuan Forwards at 4-Month Low as Greek Stalemate Damps Appetite Bloomberg China's Stocks Fall for 4th Day on Economy Concern, Greek Crisis BusinessWeek China Shares End Down; Growth Concerns Remain Despite Policy Easing Wall Street Journal ABC News all 234 news articles » read more..
Oil falls to 6-month low below $93 on US supplies - The Associated Press
Wednesday, May 16, 2012
Telegraph.co.uk Oil falls to 6-month low below $93 on US supplies The Associated Press By ALEX KENNEDY, AP – 1 minute ago SINGAPORE (AP) — Oil prices fell to fresh six-month lows below $93 a barrel Wednesday in Asia after a report showed US crude supplies surged more than expected last week. Benchmark oil for June delivery was down $1.22 ... Oil falls $1 on rise in US stocks, economic woes Reuters Oil Drops to Five-Month Low on Rising Stockpiles, Greek Crisis Bloomberg all 888 news articles » read more..
U.S. House panel plans J.P. Morgan hearing - MarketWatch
Wednesday, May 16, 2012
Moneycontrol.com U.S. House panel plans J.P. Morgan hearing MarketWatch By Alan Zibel WASHINGTON -(MarketWatch)- A top US House Republican on financial issues said late Tuesday he plans a hearing on the more than $2 billion in trading losses that JP Morgan Chase & Co. (NYSE:JPM) disclosed last week, but said lawmakers and ... Hedge or Bet? Parsing a Trade Wall Street Journal Steffy: Waiting for that thank you note for our stealth bank bailout Houston Chronicle Was JP Morgan Chase's CIO Ina Drew Pushed Off the Glass Cliff? Forbes ABC News - Bizjournals.com all 319 news articles » read more..
Oil falls $1 on rise in U.S. stocks, economic woes
Wednesday, May 16, 2012
Oil prices fell more than $1 on Wednesday as a larger-than-expected rise in crude stocks in top consumer United States and fears of Greece's exit from the euro zone muddied the outlook for demand growth. ... read more..
Senate leaders move toward vote on Fed nominees
Wednesday, May 16, 2012
President Barack Obama's two stalled nominees for the Federal Reserve are likely to clear a Senate procedural hurdle on Thursday, paving the way for anticipated confirmation, the chamber's leaders said ... read more..
Global stocks drop as Greece heads to another election - NDTV
Wednesday, May 16, 2012
Globe and Mail Global stocks drop as Greece heads to another election NDTV AP, 16 May 2012 | 08:07 AM Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in two weeks. S&P 500 in third straight drop, JC Penney off late Reuters Stocks slide on Greek woes CNN US Stocks Slide Amid Greek Political, Bank Uncertainty Wall Street Journal Los Angeles Times - The Associated Press - Bloomberg all 992 news articles » read more..
Oil falls more than $1 as stockpiles rise, weak economic outlook
Wednesday, May 16, 2012
Oil futures fell more than $1 on Wednesday as a larger-than-expected rise in crude stocks in the United States and fears of Greece's exit from the euro zone weighed on sentiment. Brent crude slipped as ... read more..
Needy States Use Housing Aid Cash to Plug Budgets - New York Times
Wednesday, May 16, 2012
News10.net Needy States Use Housing Aid Cash to Plug Budgets New York Times Hundreds of millions of dollars meant to provide a little relief to the nation's struggling homeowners is being diverted to plug state budget gaps. In a budget proposed this week, California joined more than a dozen states that want to help close ... US home loan regulator opposes California foreclosure bills Los Angeles Times California bankers say mortgage proposals too strict Contra Costa Times Regulator balks at California foreclosure fixes Reuters CBS News - Bakersfield Californian all 85 news articles » read more..
Buffett's Berkshire adds GM stake, ups positions in Wal-Mart, IBM; Kraft, P&G ... - Washington Post
Wednesday, May 16, 2012
AFP Buffett's Berkshire adds GM stake, ups positions in Wal-Mart, IBM; Kraft, P&G ... Washington Post OMAHA, Neb. — Warren Buffett's company is apparently bullish on the US auto industry. His company, Berkshire Hathaway Inc. took a new 10 million-share stake in General Motors Co. in the first quarter. The investment comes as the Detroit automaker ... Buffett's firm buys GM stake CBS News Buffett's firm buys 10M share stake in GM BlueRidgeNow.com all 321 news articles » read more..
As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them - New York Times
Wednesday, May 16, 2012
New York Times As One JPMorgan Trader Sold Risky Contracts, Another One Bought Them New York Times By AZAM AHMED For hedge funds that could smell blood in the water, it seemed to be an opportunity to take on JPMorgan Chase and win. It was, in fact, such a sweet trade that even another part of the bank couldn't pass it up. Could Taxes Have Prevented Rampage Of The London Whale? Forbes US bank CDS hit fresh 2012 highs Financial Times JPMorgan Losses Spark Frenzy in Swaps Indexes: Credit Markets Bloomberg TheStreet.com - CNBC.com - Reuters all 74 news articles » read more..
FBI probes JPMorgan, shareholders back Dimon - Reuters
Wednesday, May 16, 2012
ABC News FBI probes JPMorgan, shareholders back Dimon Reuters By David Henry | TAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key US agencies said they were looking into high-risk trades that first drew ... JPMorgan CEO Jamie Dimon keeps chairman's job in shareholder vote Los Angeles Times DOJ Launches JPMorgan Probe as Dimon Keeps $23M Pay Package TIME JPMorgan shareholder meeting draws protesters Washington Post NASDAQ - Financial Times - Wall Street Journal all 8,400 news articles » read more..
Shares ease as Greek uncertainty saps risk appetite - Reuters
Wednesday, May 16, 2012
Moneycontrol.com Shares ease as Greek uncertainty saps risk appetite Reuters By Chikako Mogi | TOKYO (Reuters) - Asian shares fell on Wednesday after Greece failed to form a government, setting the stage for a June election that could raise the risk of Athens abandoning the euro and deepening the euro zone's debt crisis. Japan Stocks Fall on Greek Risk; Banks Rise on Forecasts BusinessWeek Japanese Stocks Fall on Greece Concern, Machinery Orders Bloomberg Most Asian Shares Fall On Greece Worries; Hong Kong Creeps Higher Wall Street Journal Washington Post all 335 news articles » read more..
Singapore Stocks-May fall on Greece concerns - Reuters
Wednesday, May 16, 2012
Globe and Mail Singapore Stocks-May fall on Greece concerns Reuters Singapore shares are likely to fall on Wednesday following losses on Wall Street overnight as the failure of Greece to form a government raised concerns of an upheaval of the euro zone. ----------------------MARKET SNAPSHOT @ 0015 GMT ... Dow Jones average continues a two-week slide The Associated Press Stocks slide on Greek woes CNN Dow Jones average continues a 5 percent slide BusinessWeek Washington Post - Wall Street Journal all 8 news articles » read more..
Aussie Near 2012 Low Amid Concern Greece May Leave Euro - Bloomberg
Wednesday, May 16, 2012
Telegraph.co.uk Aussie Near 2012 Low Amid Concern Greece May Leave Euro Bloomberg Australia's dollar traded close to its weakest level this year as Greece's failure to form a new government spurred speculation it may leave the euro area, sapping demand for riskier assets. The so-called Aussie was near a four-month low against the ... A Tempting Rationale For Leaving The Euro New York Times How a Greek exit might unfold Sydney Morning Herald GLOBAL MARKETS-Euro hits 4-mo low, world stocks drop on Greece turmoil Reuters Wall Street Journal - Washington Post all 4,746 news articles » read more..
Penney has 1Q loss as new pricing repels shoppers - The Associated Press
Wednesday, May 16, 2012
Boston.com Penney has 1Q loss as new pricing repels shoppers The Associated Press By ANNE D'INNOCENZIO, AP Retail Writer – 1 minute ago NEW YORK (AP) — Turns out, JC Penney shoppers don't prefer predictable pricing over blockbuster bargains — at least not yet. The department-store chain on Tuesday reported a larger-than-expected ... JC Penney posts loss, sales tumble; cuts dividend Chicago Tribune JC Penney stock sinks on falling sales CNN JC Penney customers disdain overhaul Financial Times Wall Street Journal - BusinessWeek all 324 news articles » read more..
Final Glance: Chemicals companies
Wednesday, May 16, 2012
Shares of some top chemicals companies were down at the close of trading:Dow Chemical Co. fell $.80 or 2.5 percent, to $30.87.DuPont Co. fell $.69 or 1.4 percent, to $50.15. read more..
Treasury bond market at a glance
Wednesday, May 16, 2012
Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:___1. Bond Buyer index of 40 actively traded municipal ... read more..
S&P 500 in third straight drop, J.C. Penney off late
Wednesday, May 16, 2012
Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in ... read more..
News Summary: Dow Jones average continues to slide
Wednesday, May 16, 2012
LONG SLIDE: The Dow Jones industrial average fell 63 points Tuesday, continuing a slide that has shaved off nearly 5 percent of its value in two weeks. Since hitting a four-year high on May 1 the Dow has ... read more..
How the Dow Jones industrial average fared Tuesday
Wednesday, May 16, 2012
Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in ... read more..
Dow Jones average continues a two-week slide
Wednesday, May 16, 2012
Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly 5 percent of its value in ... read more..
After Coty Bid Dies, Avon Faces Hard Slog - New York Times
Wednesday, May 16, 2012
The Guardian After Coty Bid Dies, Avon Faces Hard Slog New York Times By MICHAEL J. DE LA MERCED Investors don't seem to think so. Shares in the troubled cosmetics maker plunged 9.7 percent on Tuesday, after Coty withdrew its $10.7 billion takeover offer. At $18.71, Avon's stock is near a 52-week low. Cosmetic changes at Avon are too little, too late Globe and Mail Richmont Said Still Interested in All or Part of Avon Bloomberg Avon shares fall 10 percent after Coty withdraws offer Reuters Washington Post - Wall Street Journal all 819 news articles » read more..
US energy independence is no longer just a pipe dream - USA TODAY
Wednesday, May 16, 2012
USA TODAY US energy independence is no longer just a pipe dream USA TODAY By Tim Mullaney, USA TODAY Williamsport, Pa., used to be celebrated for its past — as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found. By Suzy Parker, USA TODAY By Suzy Parker, ... US GAS: Futures Climb 2.8% To $2.50/mmBtu, Awaiting Storage Data Fox Business Analysis: For energy companies 2012 likely to be fraught with pricing peril Chicago Tribune Oil and Natural Gas Part Ways Forbes BBC News all 69 news articles » read more..
Figures on government spending and debt
Wednesday, May 16, 2012
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. read more..
Can Yahoo Become a Modern Media Company? - BusinessWeek
Wednesday, May 16, 2012
Can Yahoo Become a Modern Media Company? BusinessWeek By Mathew Ingram on May 15, 2012 Now that Yahoo! (YHOO) has managed to make its way through yet another CEO shuffle—its sixth in five years—the former portal must figure out what its future looks like. By replacing Chief Executive Officer Scott ... Muddy Road Ahead for Yahoo? MacNewsWorld Ross Levinsohn Lays Out His Vision for Yahoo (Before He Became CEO) AdAge.com Media making a comeback at Yahoo Waterloo Record MarketWatch - Washington Post - NASDAQ all 21 news articles » read more..
USD Rally To Accelerate On Less Dovish Fed, GBP To Reverse Course
Tuesday, May 15, 2012
USD Rally To Accelerate On Less Dovish Fed, GBP To Reverse Course read more..
Midwest farmland values continue to grow in 1Q
Tuesday, May 15, 2012
The Federal Reserve says the average value of farmland in several Midwest and Western states grew more than 25 percent in the first quarter as farm income remained strong.The Federal Reserve Bank of Kansas ... read more..
Foreign holdings of US debt hit record high
Tuesday, May 15, 2012
Foreign demand for U.S. Treasury securities rose to a record high in March. China, the largest buyer of Treasury debt, increased its holdings for a third straight month.Total foreign holdings rose 0.3 ... read more..
6 ways Greece can bounce back
Wednesday, February 15, 2012
There is hope for the beleaguered country, which has a number of promising economic sectors that could be reformed and built upon. read more..