Stock Markets
- Growing Pains for Chipotle
- The slump in the restaurant industry seems to be catching up with the hot Mexican chain Chipotle Mexican Grill (CMG), whose shares got crushed on Feb. 15 after its fourth-quarter earnings per share fell one penny short of expectations. By normal sta...
- Author:David BogoslawDate:06/28/08Click:2 Full Story...
- Regulators may force banks into greater disclosure
- Banks that produce complex and illiquid derivative products that have been at the heart of the credit squeeze might be forced to provide more information about their products on public stock exchanges. Leaders of NYSE Euronext, the US-European ex&sh...
- Author:John GapperDate:06/28/08Click:0 Full Story...
- Wall St. sags after 2-day rally
- NEW YORK (Reuters) - Stocks dropped on Friday as investors tempered their optimism that the economy could avoid recession, and locked in profits on banking and pharmaceutical shares after two days of sharp gains. Bank shares, among this week's bigge...
- Author:Caroline ValetkevitchDate:06/28/08Click:0 Full Story...
- UK company pension schemes in 15bn reversal
- Falling stock markets and interest rates have wiped £15bn off the value of UK company pension schemes so far this year, calling into question their investment strategies and reviving concerns about underfunding. By the close of markets o...
- Author:Norma CohenDate:06/28/08Click:0 Full Story...
- Wealthy College Endowments Beat the Stock Market
- The nation's 76 richest colleges earned a market-beating 21.3 percent on their billions of dollars in tax-free endowment funds in the fiscal year ending last June 30, according to a report issued today by the National Association of College and Unive...
- Author:Kim ClarkDate:06/28/08Click:0 Full Story...
- Toronto stocks little changed after choppy day
- TORONTO (Reuters) - Early gains on the Toronto Stock Exchange fizzled out on Friday, leaving the composite index little changed at the end of the day as investors opted to lock in profits after a week of wild swings. A retreat by banking shares help...
- Author:Leah SchnurrDate:06/28/08Click:0 Full Story...
- Stocks fall, giving up early gains
- NEW YORK - Wall Street ended a tumultuous week with a sharp decline Friday, backtracking following two days of stunning gains as investors turned cautious and cashed in some of their winnings. The Dow Jones industrial average still managed to record...
- Author:TIM PARADISDate:06/28/08Click:0 Full Story...
- UBS leads Europe on roller-coaster ride
- UBS (NYSE:UBS) led European shares on a roller-coaster ride on Thursday when growing fears that losses at ailing bond insurers would pummell the banking sector capped the worst yet January for European stock markets. The Swiss wealth manager fell mo...
- Author:Rachel MorarjeeDate:06/28/08Click:0 Full Story...
- Societe Generale uncovers massive fraud
- PARIS - In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion but may not hav...
- Author:EMMA VANDOREDate:06/28/08Click:0 Full Story...
- Gold, platinum hit record peaks
- LONDON (AFP) - Gold and platinum prices struck fresh record highs on Friday as investors rushed once more to invest in commodities amid a recovery on global stock markets, analysts said. On the London Bullion Market, gold surged to an historic 919.8...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- European shares extend rally at open
- LONDON (AFP) - Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession. London's FTSE 100 index of leading shares jumped 1.35 percent to reach 5,955...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- Nikkei stock index jumps 4.1 percent
- TOKYO - Japan's benchmark stock index jumped more than 4 percent Friday as traders bought exporter issues on a stronger dollar following reports of a U.S. economic stimulus plan. The benchmark Nikkei rose 536.38 points, or 4.10 percent, to close at...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- Global shares recover as questions increase
- LONDON (AFP) - Stock markets rose further Friday on the growing view that fraud-linked billion-dollar losses at Societe Generale may have contributed to panic-selling earlier this week and bounced the US central bank into a radical rate cut. Societe...
- Author:UnknownDate:06/28/08Click:0 Full Story...
- Global markets rally to end rough week
- LONDON - European and Asian markets rallied Friday near the end of a tumultuous trading week as investors took heart from Wall's Street's gains overnight and positive U.S. labor market data. Investors welcomed details of a tax rebate for American co...
- Author:TOBY ANDERSONDate:06/28/08Click:0 Full Story...
- Wall Street set to extend rebound
- US stocks were expected to rise for the third consecutive session on Friday, repairing more of the damage inflicted in January. A bullish outlook from Microsoft and other upbeat earnings from Caterpillar (NYSE:CAT) and Honeywell (NYSE:HON) helped se...
- Author:Michael MackenzieDate:06/28/08Click:0 Full Story...
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