Inventories at U.S. wholesalers rose for a third month in March, and sales climbed even more, a signal companies will need to step up orders to try to meet demand.
The 0.4 percent gain in the value of stockpiles followed a 0.6 percent increase the prior month, the Commerce Department said today in Washington. Sales gained [...]
Posts Tagged ‘investors’
Wholesale Inventories, Sales in U.S. Rose in March
May 11th, 2010 by Financial Writer
Tags: commerce department, economic, financial, inventories, investors, productivity, stock market, us economy, us stocks, USA
more...U.S. Stocks Surge After Announcement of European Loan Package
May 10th, 2010 by Financial Writer
U.S. stocks rallied, with the Standard & Poor’s 500 Index gaining the most intraday since April 2009, after European policy makers unveiled loan package valued at almost $1 trillion to contain a sovereign-debt crisis.
Citigroup Inc., Bank of America Corp. and Morgan Stanley jumped more than 4 percent. Schlumberger Ltd. and Chevron Corp. followed oil prices [...]
Tags: bank, Dow Jones Industrial, economy, european central bank, european union, financial, financial markets, Global Economy, IMF, investors, stock market, us stocks
Stock Start Weak on Euro-Zone Worries
May 5th, 2010 by Financial Writer
NEW YORK—U.S. stocks tumbled after the opening bell, hit by heightened concerns over Europe as violence erupted in Greece and a possible downgrade loomed over Portugal’s debt.
The Dow Jones Industrial Average slid 86 points, or 0.8%, to 10840, in early trading, extending Tuesday’s 225-point drop. The Nasdaq Composite fell 1.3% and Standard & Poor’s 500-stock [...]
Tags: banks, Dow Jones Industrial, economy, investors, stock market, unemployment rate, us economy, us stocks, wall street
As China tries to rein in economy, stock exchange stumbles
May 4th, 2010 by Financial Writer
The Shanghai composite index slides 1.2% on news that the central bank will – again — hike the amount of capital banks are required to hold in reserve.
Reporting from Beijing
China’s leading stock exchange continued its long slide Tuesday, tumbling to its lowest close in seven months after the central government introduced another measure over the [...]
Tags: banks, central bank, China, economic recovery, economy, financial, Global Economy, interest rates, investors, money, stock market
FOREX-Euro gains on hopes of Greek aid package
April 29th, 2010 by Financial Writer
* Euro recovers, supported by optimism on Greek aid package
* Solid euro zone data helps; Greek bond spreads narrow
* U.S. weekly jobless claims fall in latest week
The euro rose on Thursday, rebounding from a one-year low the previous day, on hopes a bailout plan for Greece was imminent and would help it avoid a debt [...]
Tags: banks, Capital economics, economy, european union, Federal Reserve, financial, financial markets, interest rates, investors, monetary, us economy
Barrick Profit Tops Estimate on Higher Gold Price
April 28th, 2010 by Financial Writer
Barrick Gold Corp., the world’s largest bullion producer, reported first-quarter profit that beat analysts’ estimates as prices and sales of the precious metal climbed.
Net income more than doubled to $758 million, or 76 cents a share, from $371 million, or 42 cents, a year earlier, Toronto- based Barrick said today in a statement. Profit excluding [...]
Tags: business, economy, financial, financial markets, financial system, Global Economy, gold price, investors
CIT Group Gains After Reorganized Lender Posts Surprise Profit
April 27th, 2010 by Financial Writer
CIT Group Inc., the commercial lender run by John A. Thain, rose in New York trading after posting a surprise profit for its first full quarter since emerging from bankruptcy.
CIT gained 79 cents, or 1.9 percent, to $41.49, as of 10:28 a.m. in New York Stock Exchange composite trading and sold for as much as [...]
Tags: economy, financial, financial markets, financial system, Global Economy, interest rates, investors, lender, us economy
OIL FUTURES: Oil Weakens Post-Rally, Traders Eye Fed Meeting
April 26th, 2010 by Financial Writer
Crude oil futures declined Monday morning, losing ground as traders feared last week’s strong economic data that pushed oil above $85 a barrel may also push the Federal Reserve closer toward eventually raising interest rates.
Light, sweet crude for June delivery declined 56 cents to $84.56 a barrel on the New York Mercantile Exchange. Brent crude [...]
Tags: business, economy, Federal Reserve, financial, financial markets, Global Economy, Global Recession, investors, oil prices
European Stocks Fall on Budget Deficit; Nokia Drops, RBS Gains
April 24th, 2010 by Financial Writer
April 24 (Bloomberg) — European stocks fell for a second week as the euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland, offsetting better-than-expected results from companies including Ericsson AB and Volvo AB.
Greek banks sank as Moody’s Investors Service cut Greece’s sovereign [...]
Tags: dow jones, euro, european economy, european markets, european stocks, european union, financial, financial markets, Global Economy, IMF, investors
Gold May Decline in New York as Greek Aid Might Erode Demand
April 23rd, 2010 by Financial Writer
April 23 (Bloomberg) — Gold futures may fall in New York on speculation that Greece’s request for funding aid will curb demand from investors seeking an alternative to debt.
Greece asked for as much as 45 billion euros ($60 billion) in loans from the European Union and International Monetary Fund to help the government stave off [...]
Tags: Debt, economic recovery, economy, european union, Global Economy, investors, new york, us economy, USA
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