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Stories 1981 - 2000 | << Prev   Next >>

At Murdoch's Journal, No Cheap Makeover

New faces and ideas to mine affluent audience, but no Foxification

(Newser) - Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company...

Stocks Recover After Big Losses
Stocks Recover After Big Losses
MARKETS

Stocks Recover After Big Losses

Talk of Ambac bailout leads to late rally

(Newser) - News of an impending bailout for bond insurer Ambac helped the markets recover from steep losses and end today's session down only slightly, MarketWatch reports. Down by 200 points at 2:30, the Dow closed only 45.10 down, ending at 12,213.80. The Nasdaq rose 1.68 to...

Tanking Dow Drops 315 Points
Tanking Dow Drops 315 Points
MARKETS

Tanking Dow Drops 315 Points

Huge AIG, Dell losses spark sell-off

(Newser) - The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost...

Stocks Tumble on Weak Data
Stocks Tumble on Weak Data
MARKETS

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth, rising jobless claims

(Newser) - Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P...

Stocks Surge in Late Comeback
Stocks Surge in Late Comeback
MARKETS

Stocks Surge in Late Comeback

Depressing day reverses on news of possible Ambac bailout

(Newser) - Traders faced heavy losses across the board today until a late rally on news of a possible bailout for a major bond insurer sent prices soaring to gains, MarketWatch reports. The Dow rose 96.72 points to close at 12,381.02, the Nasdaq gained 3.57 points to 2,...

Stocks Bearish on Factory Data
Stocks Bearish on Factory Data
MARKETS

Stocks Bearish on Factory Data

Dow drops nearly 143 points on weak manufacturing news

(Newser) - Energy and industrial shares led the markets on a decline that saw all the major indexes fall more than 1%, MarketWatch reports. A drop in oil prices hurt energy stocks, and the Philadelphia Federal Reserve said regional manufacturing had contracted. The Dow fell 142.96 points to 12,284.30,...

Market Up After Seesaw Session
Market Up After Seesaw Session
MARKETS

Market Up After Seesaw Session

Investors shrug off inflation; sluggish growth seen

(Newser) - The Dow rose 90.04 points to 12,427.26 today in roller-coaster trading despite rising fears of inflation, MarketWatch reports. US consumer prices rose 0.4% last month in what one investment officer called “a nagging problem for the Fed.” The Nasdaq climbed 20.90 to 2,...

Stocks Mixed on Bad Tidings
Stocks Mixed on Bad Tidings
MARKETS

Stocks Mixed on Bad Tidings

Dow, Nasdaq dip slightly amid more recession fears; S&P ticks up

(Newser) - The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized...

Stocks Sink on Fed Comments
Stocks Sink on Fed Comments
MARKETS

Stocks Sink on Fed Comments

Bernanke sees weak growth because of credit trouble

(Newser) - The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,...

Dow Falls as Nasdaq Posts Gains
Dow Falls as Nasdaq Posts Gains
MARKETS

Dow Falls as Nasdaq Posts Gains

Wholesale inventories, financials struggle, but tech holds its ground

(Newser) - Stocks showed mixed results today, as the Dow rallied and then teetered to a loss off lingering fears of recession. Meanwhile, the Nasdaq posted moderate gains buoyed by strong showings by Amazon, Google, Apple, and Research in Motion, Marketwatch reports. The Nasdaq gained 11.82 to end at 2,304....

Stocks Rise Despite Bad Vibes
Stocks Rise Despite Bad Vibes
MARKETS

Stocks Rise Despite Bad Vibes

Dow reverses three-day decline

(Newser) - The Dow climbed 46.90 points to 12,247 in the face of bad news, ending a seesaw day up and breaking a three-day slump. Existing homes sales fell 1.5% in December, and tech bellwether Cisco reported weaker third-quarter growth than expected, but prices were low enough to stave...

Market Plunges 370 Points
Market Plunges 370 Points
MARKETS

Market Plunges 370 Points

Richmond Fed president's use of 'R' word spooks investors

(Newser) - The markets fell more today than they had in 11 months in the wake of news that the service industry contracted in January and remarks by the Richmond Fed president on the growing risk of recession, Marketwatch reports. The Dow plummeted 370.03 to 12,265.13, the Nasdaq 73....

Stocks Climb on Microsoft News
Stocks Climb on Microsoft News
MARKETS

Stocks Climb on Microsoft News

Dismal labor report can't keep Dow down

(Newser) - Microsoft’s offer to buy Yahoo outweighed a dismal jobs report today as the Dow ended up 92.83 at 12,743.19 after a seesaw session. Hopes for a new M&A wave bumped up against fears of broad economic slowdown. “This is a trader’s market, because...

Bonds Confidence Boosts Stocks
Bonds Confidence Boosts Stocks
MARKETS

Bonds Confidence Boosts Stocks

Insurer MBIA says its rating will be just fine

(Newser) - Markets were up sharply today on calming words from bond insurer MBIA, with the Dow closing at 12,650.36, up 207.53. The company said its triple-A rating was not vulnerable and that it was solvent enough to weather the mortgage crisis, MarketWatch reports. The Nasdaq gained 40.86...

Rate-Cut Rally Fades Away
Rate-Cut Rally Fades Away
MARKETS

Rate-Cut Rally Fades Away

Stocks soar, then drop on Fed action

(Newser) - The Fed’s half-point rate cut this afternoon briefly sent stocks soaring—before the rally crumbled and the Dow ended down 37.47 points at 12,442.83. Most Streeters have welcomed the series of interest rate slashes, but some are concerned they are too aggressive and could trigger inflation...

Selloff Drives Dow Down 171
Selloff Drives Dow Down 171
MARKETS

Selloff Drives Dow Down 171

Two-day rally snaps on renewed jitters over mortgage crisis

(Newser) - A 2-day rally sputtered today as the Dow fell 171.44 to 12,207.17 on new jitters about a touchy market. Even strong quarterly reports from Microsoft, Caterpillar, and Honeywell couldn’t keep investors buying this morning; said one economist, “The market is still in a very fragile...

Stocks Rally on Stimulus News
Stocks Rally on Stimulus News
MARKETS

Stocks Rally on Stimulus News

Dow rises 108 points as Bush, Congress announce plan

(Newser) - Stocks enjoyed growth for a second consecutive day as the announcement of Congress’ economic stimulus plan raised investor confidence already bolstered by this week's rate cut by the Fed, the Wall Street Journal reports. Though jittery throughout the day, the Dow mounted a late rally to end up 108.44...

Stocks Struggling After Early Skid
Stocks Struggling
After Early Skid
UPDATED

Stocks Struggling After Early Skid

Tech sector starts with a whimper as Apple earnings come in lower than hoped

(Newser) - Stocks continued their downward march today, with the Dow off 139.41 points by midmorning, up from a 228.75-point dive at the opening bell.  Seeming to shrug off yesterday’s huge emergency rate cut from the Fed, investors are acting on fears of recession, and focusing on disappointing...

Europe Sees Biggest Stock Plunge Since 9/11

US futures drop, adding to fears for domestic markets

(Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23%...

Stocks Fall as Early Rally Fades
Stocks Fall as Early Rally Fades
MARKETS

Stocks Fall as Early Rally Fades

Traders fear Bush stimulus package is not enough.

(Newser) - Stocks fell for the fourth straight session today as fears that President Bush’s stimulus plan will not be enough to stave off a recession dissipated an early rally, MarketWatch reports. The Dow ended down 59.91 at 12,099.30, and the Nasdaq fell 6.88 to close at...

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