Search Results for: U.S. stocks
China Credit Growth Climbs as Targeted Easing Kicks In
October 16th, 2014
China’s broadest measure of new credit rose to a three-month high in September as the central bank’s targeted measures to boost liquidity helped spur lending. Aggregate financing was 1.05 trillion yuan ($171 billion), the People’s Bank of China said ...
Central bankers may have no quick fix as markets swoon, economy weakens
October 16th, 2014
Global central bankers, eager to see the economy stand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. Stocks slumped again on Wednesday pushing ...
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
October 15th, 2014
JPMorgan Chase & Co (JPM.N) reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. The bulk of the costs came from ...
AbbVie says to reconsider recommendation for Shire acquisition
October 15th, 2014
AbbVie Inc (ABBV.N) said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound ($54.7 billion) merger with Shire Plc (SHP.L) due to the changing U.S. tax regulations. Chicago-based AbbVie, which ...
Grandfathers with a future
October 15th, 2014
Diversification has proven to be, over time, the most successful investment strategy. For this purpose, the best tool that can someone use to achieve diversification is nowadays, ETFs. What are ETFs ETFs or Exchange Traded Funds are similar to ...
Wall St. drops in late selloff
October 14th, 2014
The S&P 500 dropped more than 1 percent and posted its worst three-day slide since November 2011 on Monday following worries that global economic weakness will dampen U.S. earnings, along with concern about the spread of Ebola. After trading ...
Former Fed Chairman Bernanke takes stand in AIG bailout trial
October 10th, 2014
Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government’s bailout of American International Group (AIG.N) in 2008, describing how policymakers sought to avoid giving AIG shareholders a “windfall” through a rescue. Bernanke’s ...
Apple given time to block info in GT bankruptcy case
October 10th, 2014
Apple Inc (AAPL.O) will have at least three days to review and potentially move to bar any information about its relationship with GT Advanced Technologies Inc (GTAT.O) that may arise during the latter’s bankruptcy hearings, the court said in ...
Alcoa Earnings Rebound as Aluminum Use Rises in Autos
October 9th, 2014
Alcoa Inc. (AA), the largest U.S. aluminum producer, reported its highest earnings in three years after prices rebounded and demand increased from car, truck and plane makers. Profit excluding one-time items was 31 cents, the New York-based company said ...
Dow scores biggest gain of 2014 on Fed minutes
October 9th, 2014
Minutes showed little change from the Fed’s previous statements. The whipsaw ride on Wall Street continued Wednesday as the Dow Jones industrial average scored its biggest gain of the year when the release of the minutes of the Federal ...
