Wed, 16/06/2010 - 11:20 by Pankaj Damin
New York -- The New York Federal Reserve says its general business conditions index extended a run of consecutive gains to 11 months in June.
The headline index based on a survey taken the first two weeks of each month edged higher than May with a reading of 19.6, the New York bank said. Numbers above zero indicate growth.
The new orders index rose modestly to 17.5 from 14.3 in May. The prices paid index, meanwhile, fell sharply from 44.7 to 27.2.
The inventories index remained flat for the month, an indication that inventories have stabilized, the Fed said.
The number of employees index dropped 10 points to 12.4, but the average number of hours worked index climbed, the report said.
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Mon, 14/06/2010 - 11:43 by Manmeet kaur
Cablevision Systems Corp., the nation's fifth largest cable operator that offers high speed internet connection agreed to pay more than $1.36 billion for Bresnan Communications, a cable services operator whose owners include the private equity firm Providence Equity Partners.
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Fri, 11/06/2010 - 11:09 by Pankaj Damin
Washington -- The U.S. Department of Transportation said airline passenger traffic picked up in March from a year ago, but air travel remains significantly below 2008.
In March, airline traffic rose 2.4 percent compared to March 2009 to 62.4 million passengers.
Traffic was 7.8 percent higher two years ago, however, the DOT said.
From a year ago, domestic travel rose 2 percent while international travel rose 5.1 percent, the report said.
March traffic showed gains compared to the first three months of 2010, which saw 0.9 percent more seats filled on airlines than the same month a year ago.
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Thu, 10/06/2010 - 13:11 by Pankaj Damin
NEW YORK, June 9 (UPI) -- U.S. market gains slid away late Wednesday after Federal Reserve Chairman Ben Bernanke said high unemployment would take years to correct.
Bernanke told members of a House budget committee that policy action was necessary to steer the country clear of an "unsustainable path" of rising federal deficits.
By close, the Dow Jones industrial average lost 40.73 points or 0.41 percent to 9,899.25. The Standard & Poor's 500 index shed 6.31 or 0.59 percent to 1,055.69. The Nasdaq composite index fell 0.54 percent, 11.72, to 2,158.85.
On the New York Stock Exchange, 1,568 stocks advanced and 1,472 declined on a volume of 5.9 billion shares traded.
The benchmark 10-year treasury note rose 3/32 to yield 3.18 percent.
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Thu, 10/06/2010 - 12:48 by Pankaj Damin
New York -- U.S. markets edged higher Wednesday on quick gains by Alcoa and Caterpillar Inc., each of which rose more than 2 percent.
The Shanghai composite index rose 2.78 percent, giving corporations with strong positions in China a boost. Financial firms looked weak, however, with shares of JPMorgan & Chase off 0.34 percent and Bank of America shares down 0.23 percent.
In early afternoon trading, the Dow Jones industrial average added 75.58 points or 0.76 percent to 10,015.56. The Standard & Poor's 500 index rose 8.41 or 0.79 percent to 1,070.41. The Nasdaq composite index gained 24.33 or 1.12 percent to 2,194.90.
The benchmark 10-year treasury note lost 5/32 to yield 3.208 percent.
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Thu, 03/06/2010 - 17:07 by Rick Aristotle ...
We all saw the passing ships last week. A buoyant Apple (Nasdaq: AAPL) overtook a diminishing Microsoft (Nasdaq: MSFT) to become the country's second-most-valuable company in terms of market cap. |
Thu, 27/05/2010 - 10:30 by Pankaj Damin
New York -- A U.S. market rally spun into disarray late Wednesday, leaving the Dow Jones industrial average to close lower than it has since early February.
An early Organization of Economic Cooperation and Development report that upgraded economic growth projections among 31 major economies for 2010 and 2011 did not convince investors the global recovery was sound. Data released Wednesday showed U.S. home sales rose 14.8 percent in April compared to March and durable goods orders up 2.9 percent from the previous month. Still, negative sentiment prevailed.
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Sat, 22/05/2010 - 10:59 by Pankaj Damin
New York -- U.S. markets moved solidly higher Friday after early losses that pushed the Dow Jones industrial average below 10,000 points for the first time since Feb. 8.
The downward trend sparked by debt worries in Greece continued unabated in Asia and Europe. U.S. stocks looked likely to follow suit, but investors moved in for bargains with markets 10 percent off their highs for the year, which is technically considered a correction.
By close, the Dow Jones industrial average added 125.38 points, 1.25 percent, to 10,193.39. The Standard & Poor's 500 index added 16.10, 1.5 percent to 1,087.69. The Nasdaq composite index gained 25.03,1.14 percent, to 2,229.04.
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Wed, 28/04/2010 - 11:27 by Rakhi
Richmond, Va. -- The Richmond, Va., Federal Reserve Bank said manufacturing in the central Atlantic states rose for the third consecutive month.
The Richmond Fed said manufacturing activity rose "at a solid pace" and expectations in the area remain "upbeat."
The broadest index in the monthly report, the seasonally adjusted composite index of manufacturing activity, "jumped 24 points to 30 from March's reading of 6."
The shipments index rose from 5 to 30, while the new orders index jumped from 31 points to 41 points, the report said.
In the critical index composite of employment, the average workweek index leaped from zero to 16 and the wage index turned positive, climbing from minus 3 to 6.
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Mon, 22/02/2010 - 13:51 by Rex Moore
In his article " It's the Market's 10 Best Stocks," my colleague Tim Hanson pointed out the benefits of searching for the next multibagger success stories among the smallest of companies. |
Thu, 18/02/2010 - 15:44 by Rich Smith
Last week, Citigroup (NYSE: C) threw in the towel. |
Thu, 18/02/2010 - 12:25 by Rakhi Kaptiyal
New York -- U.S. markets edged higher Wednesday after the Commerce Department said housing starts rose 2.8 percent in January compared with December.
The annual rate of 591,000 housing starts beat expectations slightly, while building permits, predicting construction activity a month or two down the road, dropped 4.9 percent compared with the previous month.
The Dow Jones industrial average closed higher for the second consecutive day, adding 40.43 points, 0.39 percent, to 10,309.24. Dow component Home Depot Inc. was up 1.97 percent, while Bank of America shares rose 3.3 percent, while United Technologies Corp. shares rose 2.18 percent.
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