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Stocks decline as AIG reveals need for cash, oil surges
(AP)
May 9th, 2008
16:48:23 CDT -0500
AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
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AIG's loss and record oil sour mood on Wall St
(Reuters)
May 9th, 2008
15:30:21 CDT -0500
Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
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European equities sapped by runaway oil prices
(AFP)
May 9th, 2008
06:51:10 CDT -0500
AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs, dealers said.
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Time Is Prime Driver With Mutual Funds
(Investor's Business Daily)
May 8th, 2008
16:59:32 CDT -0500
Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
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Fortress posts loss, stock price falls
(Reuters)
May 8th, 2008
11:27:13 CDT -0500
Reuters - Fortress Investment Group LLC
reported a quarterly loss on Thursday and its share price fell
sharply after its hedge fund business suffered in turbulent
market conditions.
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Nasdaq first-quarter profit surges on boost from OMX buyout
(AP)
May 8th, 2008
10:51:03 CDT -0500
AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange.
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Japanese shares fall on inflation fears; Nikkei sheds 159
(AP)
May 8th, 2008
06:09:40 CDT -0500
AP - Japanese shares sank Thursday on profit-taking and renewed fears over inflation in line with soaring global oil prices.
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Inflation, rate fears push Wall St to lower close
(Reuters)
May 7th, 2008
15:12:31 CDT -0500
Reuters - U.S. stocks ended lower on Wednesday,
with all three major indexes down more than 1 percent, on
concerns about inflation and higher interest rates as oil
jumped to a record above $123 a barrel.
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Canadians hoarding cash, not investing: study
(AFP)
May 7th, 2008
12:12:28 CDT -0500
AFP - Nervous Canadians are sitting on a record 45 billion dollars in cash instead of investing it, fearing volatility in stock markets, a Canadian bank said Wednesday.
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NYSE Euronext profit triples on higher volumes
(AP)
May 6th, 2008
06:06:39 CDT -0500
AP - NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.
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China's markets brace for massive share inflow: report
(AFP)
May 6th, 2008
00:11:51 CDT -0500
AFP - Chinese stock markets are bracing for fresh pressure in May when a massive number of new shares will become freely tradable after being locked up under local regulations, state media said on Tuesday.
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U.S. Stock Funds Rallied 4.98% In April, With Growth In The Lead
(Investor's Business Daily)
May 5th, 2008
16:51:52 CDT -0500
Investor's Business Daily - The bleeding finally stopped in April as the market started recovering from its worst quarter in 51/2 years.
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Risks mount for stressed traders as markets gyrate
(Reuters)
May 5th, 2008
07:19:56 CDT -0500
Reuters - Increased volatility grips stock
markets, big investment banks tot up losses from a credit
market seizure and jobs are slashed -- being a trader has
seldom been more stressful.
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Dollar, global stocks lose ground after Friday gains
(Reuters)
May 5th, 2008
05:21:57 CDT -0500
Reuters - The dollar and European stocks weakened
slightly on Monday in holiday-thinned markets while euro zone
government bonds rose after positions became oversold following
Friday's better than expected U.S. employment data.
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Wall Street looks for more evidence to justify a rally
(AP)
May 4th, 2008
13:19:48 CDT -0500
AP - Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial markets are heading toward a second-half recovery.
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Wall Street cautiously embraces fragile recovery
(AFP)
May 2nd, 2008
21:02:05 CDT -0500
AFP - With shaky conviction, Wall Street investors are starting to come out from their shell in anticipation of global credit squeeze easing and a skirting of a major US economic downturn.
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Treasury prices decline as stock market rallies
(AP)
May 1st, 2008
16:46:52 CDT -0500
AP - Investors moved out of Treasury bonds on Thursday as a rally in stocks sent the Dow Jones industrials up nearly 190 points.
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Weak economy may trigger frauds: regulator
(Reuters)
May 1st, 2008
13:11:26 CDT -0500
Reuters - Regulators at the U.S. Securities and
Exchange Commission are preparing for more cases of corporate
fraud, as weak economic conditions could drive companies and
workers over the edge, a top U.S. regulator said on Thursday.
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Toronto stocks pressured by softer resources
(Reuters)
May 1st, 2008
09:55:46 CDT -0500
Reuters - The Toronto Stock Exchange's main index
fell on Thursday morning as energy and mining shares dropped on
softer commodity prices.
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SEC sues Birmingham mayor over benefits from bond firm
(AP)
April 30th, 2008
16:50:57 CDT -0500
AP - A Securities and Exchange Commission lawsuit filed Wednesday accuses Mayor Larry Langford of taking more than $156,000 from a friend whose firm made millions on risky bond transactions that have pushed an Alabama county to the brink of bankruptcy.
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