Market Snapshot: Stock rally to test its sticking power as traders return to work
Like so many New Year’s revelers, the U.S. stock market may try to stick to its resolutions — and fail miserably.
bobo :: Jan.05.2009 :: General :: No Comments »
The New Rules for Investing Your Money
The wisdom of investing in a smorgasbord of categories rests on the premise that something always works. U.S. stocks in a funk? Buy bonds and foreign stocks. The dollar is plunging? Offset it with income funds from countries with strengthening currencies. Worried about inflation? Add oil, gold and…
More economic pain seen in 2009, but some hope too
SINGAPORE/NEW YORK (Reuters) - Many investors said good riddance on Wednesday to one of the worst years on record and prayed that government rescue plans will pull the global economy out of its fierce tailspin later in the new year.
bobo :: Jan.05.2009 :: General :: No Comments »
GM Aims To Drive Sales With Incentives
No longer teetering on the brink of bankruptcy, General Motors is tackling its next financial challenge: convincing people to buy cars again.
Treasury to view Citi-style rescues case-by-case
WASHINGTON (Reuters) - The Treasury on Friday said financial institution rescues and asset guarantees similar to those for Citigroup <C.N> will be considered on a case-by-case basis, clearing a broad legal pathway for future bailouts.
AMD Reports Second Quarter Results
AMD (NYSE:AMD) today reported second quarter 2008 revenue from continuing operations of $1.349 billion, a seven percent decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and therefore is classifying them as discontinued operations1 for financial reporting.
bobo :: Jan.05.2009 :: General :: No Comments »
Putting Your Portfolio on the Defensive
The question I get asked most these days is, “What will be the effect of war with Iraq on the economy and the stock market?”
Bond investors clamor for little - or no - return
As continuing stock market volatility leaves investors searching for a safe place to put their money, many have decided government bonds are the best option - even if the bonds give back a bit less than investors put in.
bobo :: Jan.04.2009 :: General :: No Comments »
Many in Congress Insist on Chance to Scuttle Ports Deal
Members of Congress from both parties yesterday demanded the right to reject the Dubai ports deal after the Bush administration completes a 45-day investigation of the transaction, the clearest sign to date that the controversy may lead to significant changes in the system governing investment from abroad.
Stimulus Package To First Pay for Routine Repairs
President-elect Barack Obama calls it “the largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s.” New York Mayor Michael R. Bloomberg compares it to the New Deal — when workers built hundreds of bridges, dams and parkways — while…
Commodity markets in worst annual fall
Oil and gold fell in the final trading hours of 2008 as investors reflected on the worst year for commodity markets since modern records began
bobo :: Jan.04.2009 :: General :: No Comments »
SEC Study Defends Fair-Value Accounting Rule
The Securities and Exchange Commission yesterday rejected calls by banks to suspend an accounting rule blamed for exacerbating the financial crisis, saying the “fair- value” standard should instead be improved.
bobo :: Jan.04.2009 :: General :: No Comments »
European shares end grim year on high note
European stock markets brought a grim year to a close, extending their gains into a second day as commodities rallied
U.S. stocks open higher on final trading session of 2008
NEW YORK (MarketWatch) — U.S. stocks opened up slightly on Wednesday, the final trading session of 2008, as investors took stock of a terrible year for global markets. Year to date, the Dow industrials have slumped nearly 35%, the S&P 500 has lost 40%, and the Nasdaq Composite is off almost 42%. But in early trading action Wednesday, the Dow Jones Industrial Average rose 35 points, or 0.4%, at 8,704, with 24 of its 30 components gaining ground. The S&P 500 index rose 2.3 points, or 0.3%, at 893, and the Nasdaq composite rose 4 points, or 0.3%, at 1,555.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Record stock market falls in 2008
Shares worldwide see record falls in 2008 after a year of financial turmoil, with Wall Street having its worst year since 1931.
bobo :: Jan.03.2009 :: General :: No Comments »
Jane Bryant Quinn: Jump From Muni Bond Funds at Own Peril
Investors may have jumped out of their tax-exempt bond funds at just the wrong time. They poured a net of $20 billion into municipal funds this year. Then, in late September, they changed their minds. So far this quarter, $7.4 billion has fled the scene, reports Robert Adler, president of AMG Dat…
Adams National Will Merge With W.Va. Bank
The investors who control Abigail Adams National Bancorp, the parent company of the troubled Adams National Bank, have decided to merge it with a West Virginia bank that they also control in a deal designed to ensure Adams National can weather the financial crisis.
Before Investing, Develop a Plan
Now more than ever, you need to develop and stick to a carefully thought-out investment plan.
bobo :: Jan.03.2009 :: General :: No Comments »
MiTAC Acquires Magellan GPS Consumer Products Division
Magellan Navigation, Inc., of Santa Clara, California, announced it has entered into a definitive agreement to sell the Magellan consumer products division to MiTAC International Corp. of Taiwan. Closing of the transaction is anticipated in January of 2009. Financial terms were not disclosed.
Eight Keys to Financial Security
Knight Kiplinger unlocks the secrets to a prosperous life.
bobo :: Jan.03.2009 :: General :: No Comments »
Record stock market falls in 2008
Shares worldwide see record falls in 2008 after a year of financial turmoil, with Wall Street having its worst year since 1931.
Long Term, Oil Stocks Still Winners
Falling oil prices have translated into falling energy company stocks this year, but over time the sector is still beating out the broader stock market. In four years, shares of the 12 companies that make up the integrated oil and gas industry have risen 49 percent, in contrast with the Standard …
bobo :: Jan.02.2009 :: General :: No Comments »