European stocks end at 5-1/2 year closing low

Posted by admin on November 23, 2008 under News | Be the First to Comment

European stocks end at 5-1/2 year closing low
By Blaise Robinson PARIS, Nov 21 (Reuters) – European stocks slipped in a broad selloff on Friday, dropping for the seventh time in nine sessions, with fresh fears over the financial sector knocking d…

Dow up 494 as Obama prepares to name treasury boss (AP)

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Dow up 494 as Obama prepares to name treasury boss (AP)

Trader Paul LaRegina works on the floor of the New York Stock Exchange Friday, Nov. 21, 2008. (AP Photo/Richard Drew)AP – Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system.


Stocks Continue To Experience Choppy Trading In The Mid-Afternoon – U.S. Commentary

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Stocks Continue To Experience Choppy Trading In The Mid-Afternoon – U.S. Commentary
(RTTNews) – Stocks continue to turn in a lackluster performance, with the major averages bouncing back and forth across the unchanged line as Friday's trading moves into the mid-afternoon. Despite so…

Visa says might incur “significant” charges in FY09 (Reuters)

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Visa says might incur “significant” charges in FY09 (Reuters)

Gold and platinum Visa cards are displayed in New York March 18, 2008. (Chip East/Reuters)Reuters – Visa Inc said it might incur “significant” charges in fiscal 2009, according to an SEC filing. Highlights:


Investors await sign it is safe to go back into stock markets

Posted by admin on November 22, 2008 under News | Be the First to Comment

Investors await sign it is safe to go back into stock markets
With stock markets in the doldrums, a period of stability and some sign of economic encouragement at the very least are needed before they start to recover. Both the FTSE Eurofirst Index, which monito…

Wall St Week Ahead: Stocks eye Citigroup, Geithner’s next moves (Reuters)

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Wall St Week Ahead: Stocks eye Citigroup, Geithner’s next moves (Reuters)

A Christmas tree ornament reflects people outside the New York Stock Exchange. Wall Street enters the year-end holiday season with little to cheer about as the worst bear market in decades appears to be grinding on with many fearful that the worst is not yet over.(AFP/File/Tim Clary)Reuters – Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday’s big rally and preventing November from winding up as one of the worst months for stocks on record.


Stocks surge nearly 500 points

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Stocks surge nearly 500 points
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Indian stock index jumps on stimulus hopes (AP)

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Indian stock index jumps on stimulus hopes (AP)
AP – India’s benchmark stock index jumped 5.5 percent Friday, bolstered by a regional rally and expectations the government will soon take more steps to stimulate the economy.

Stocks trim weekly losses on word Geithner will head Treasury

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Stocks trim weekly losses on word Geithner will head Treasury
NEW YORK (MarketWatch) — U.S. stocks on Friday surged on a report President-elect Barack Obama would nominate New York Federal Reserve President Timothy Geithner as Treasury secretary. The leap highe…

Wall St Week Ahead: Stocks eye Citigroup, Geithner’s next moves (Reuters)

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Wall St Week Ahead: Stocks eye Citigroup, Geithner’s next moves (Reuters)

Traders work at the station trading Citigroup stock on the main trading floor of the New York Stock Exchange in New York City, November 21, 2008. (Mike Segar/Reuters)Reuters – Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday’s big rally and preventing November from winding up as one of the worst months for stocks on record.