SEC names Robert Khuzami new enforcement chief (AP)

Posted by admin on February 20, 2009 under News | 2 Comments to Read

SEC names Robert Khuzami new enforcement chief (AP)
AP – The Securities and Exchange Commission on Thursday named a former federal prosecutor as its new enforcement chief to lead the embattled agency’s drive to strengthen its pursuit of financial fraud.

Tokyo stocks rebound on weaker yen – Summary

Posted by admin on February 19, 2009 under News | Be the First to Comment

Tokyo stocks rebound on weaker yen – Summary
Tokyo – Tokyo stocks bounced back Thursday as investors bought mainly export-oriented issues on the US dollar's advance against the yen. The benchmark Nikkei 225 Stock Average rose 23.21 points, or 0….

World markets rise but sentiment remains fragile (AP)

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World markets rise but sentiment remains fragile (AP)

An investor with a young boy stands in front of the stock price monitor at a private securities company Thursday Feb. 19, 2009 in Shanghai, China. Chinese shares rose Thursday after the government announced a stimulus plan for the electronics industry following the market's biggest one-day drop this year. The benchmark Shanghai Composite Index added 17.86 points, or 0.8 percent, to close at 2227.13 after a 4.7 percent fall Wednesday.  (AP Photo/Eugene Hoshiko)AP – European and Asian markets rose modestly Thursday following the previous session’s gains on Wall Street but optimism remained very thin on the ground despite policy measures by governments around the world.


US stocks fluctuate on details of housing plan

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US stocks fluctuate on details of housing plan
Stocks fluctuated Wednesday as President Barack Obama released details of his $75 billion mortgage relief plan and investors remained uncertain about the prospects for the economy.The plan is designed…

Medtronic, Smithfield, Wal-Mart among big movers (AP)

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Medtronic, Smithfield, Wal-Mart among big movers (AP)
AP – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

Market higher; Teva up post-report; Bank Leumi warns

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Market higher; Teva up post-report; Bank Leumi warns
TEL AVIV (MarketWatch) — Israel stocks were higher on Wednesday, reflecting strength in Teva Pharmaceutical a day after the drugmaker's earnings report and drops in Bank Leumi, after a profit warning…

Stocks end little changed on worries about economy (AP)

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Stocks end little changed on worries about economy (AP)

Michael Pistillo Jr., left, and Patrick Kenny, both of Barclays Capital, work at their post on the floor of the New York Stock Exchange Wednesday, Feb. 18, 2009, in New York.  (AP Photo/Henny Ray Abrams)AP – Investors took scant comfort Wednesday from the government’s plans to revive the housing market and overall economy.


Wall Street looks to rebound from sharp Tuesday decline as Obama set to announce housing plan

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Wall Street looks to rebound from sharp Tuesday decline as Obama set to announce housing plan
NEW YORK (AP) – Wall Street pointed to a modestly higher open Wednesday, a day after stocks were pummeled by growing concerns about the weakening global economy. Investors waited for President Barack…

FTSE 100 continues slide (AFP)

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FTSE 100 continues slide (AFP)

Stocks continued to slide as investors came to terms with the US 787-billion-dollar financial stimulus package and CBI data which showed a sharp drop in industrial orders.(AFP/File/Ben Stansall)AFP – London stocks continued to slide on Wednesday as investors came to terms with the US 787-billion-dollar financial stimulus package and CBI data which showed a sharp drop in industrial orders.


Wal-Mart Quarterly Profit Beats Wall St Expectations

Posted by admin on February 18, 2009 under News | 3 Comments to Read

Wal-Mart Quarterly Profit Beats Wall St Expectations
Wal-Mart Stores Inc (NYSE:WMT) on Tuesday posted a quarterly profit that beat Wall Street expectations, helped by strong U.S. sales at its namesake discount stores. Profit fell to $3.79 billion, or 96…