Stocks drift higher ahead of jobs report
9/02/10 •
Stocks drifted higher Thursday, extending the previous session’s big gains, one day before the U.S. government releases its monthly report on jobs and unemployment.
The Dow Jones industrial average was up [...]
Market Sector News
Pending home sales rise 5.2 percent in July
9/02/10 •
WASHINGTON (AP) — The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year’s levels, a sign that demand for [...]
Bernanke regrets reticence on Lehman
9/02/10 •
Ben Bernanke, Federal Reserve chairman, expressed regret for not being “more straightforward” with Congress in 2008 when he avoided saying that the central bank had no means to save Lehman [...]
Offshore Oil Platform in the Gulf of Mexico Explodes
9/02/10 •
NEW ORLEANS — An offshore oil platform exploded in the Gulf of Mexico on Thursday morning, injuring one worker, the United States Coast Guard said.
The platform, which was owned by [...]
GM reports 7 percent sales dip compared with July
9/01/10 •
DETROIT (AP) — General Motors Co.’s August sales dipped 7 percent compared with July as fears about the shaky economy discouraged customers from buying new cars and trucks.
U.S. auto sales [...]
Regulators defend actions on Lehman, Wachovia
9/01/10 •
WASHINGTON (AP) — Federal bank regulators are defending their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis.
They [...]
Burger King in Buyout Talks, but Not With 3i
9/01/10 •
NY Times – Updated Burger King is in advanced talks to sell itself to a little known private investment firm called 3G Capital, people involved in the negotiations told DealBook [...]
Ex-Wachovia Chief Steel Says Bair Sought to Avert Systemic Risk
9/01/10 •
Bloomberg – Former Wachovia Corp. Chief Executive Officer Robert Steel told a panel probing the bank’s near-collapse in 2008 he was ordered by the Federal Deposit Insurance Corp. to head [...]
ISM Index of Manufacturing in U.S. Unexpectedly Rose
9/01/10 •
(Bloomberg) — Manufacturing in the U.S. expanded at a faster pace than forecast in August, signaling the industry that led the recovery will keep it from faltering.
Caterpillar Inc. is among [...]
Crude Oil Heads for First Monthly Slide Since May on Slowing Global Growth
8/31/10 •
Bloomberg – Oil tumbled the most in eight weeks as business activity in the U.S. expanded in August at the slowest rate this year, signaling that the economic recovery is [...]
Gold Advances to Two-Month High on Haven Demand Amid Global Equity Slump
8/31/10 •
Bloomberg – Gold futures rose to a two-month high as slumping global equity markets boosted the appeal of bullion for investors seeking a haven.
The MSCI World Index of stocks has [...]
