Deere & Co (DE.N) posted higher-than-expected earnings, sending its shares up more than 8 percent, as wider margins at its farm equipment and finance units helped it overcome weak economic conditions.
The company on Wednesday also raised its outlook for fiscal 2010 machinery sales growth to a range of 6 percent to 8 percent, from a [...]
Posts Tagged ‘wall street’
Deere profit beats Wall Street
February 17th, 2010 by Financial Writer
Tags: business, deere, finance, financial services, wall street
more...Obama hits Wall Street, pushes for bank limits
January 22nd, 2010 by Financial Writer
Embracing Depression-era policy and populist politics, a combative President Barack Obama chastised big Wall Street banks Thursday and urgently called for limits on their size and investments to stave off a new economic meltdown.
Investors responded by dumping bank stock.
Obama’s rhetoric covered the whole financial industry, but the key changes will affect only a few high-profile [...]
Tags: bank limit, bank stock, barack obama, economic meltdown, financial industry, investors, wall street
Intel outlook points to PC industry recovery
January 19th, 2010 by Financial Writer
Intel’s fourth-quarter earnings breezed past Wall Street’s expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery for the recession-battered personal computer market is under way.
As the first major technology company to report its results for the last quarter, Intel is seen as a barometer for the PC market and [...]
Tags: economy recovery, intel, pc industry, pc shipments, recession, wall street
How Wall Street boldly saved big exec bonuses
January 15th, 2010 by Financial Writer
The fat cats were supposed to get their comeuppance.
After Wall Street’s most prominent firms — by their own admission — helped cause the 2008 financial meltdown and got bailed out by the government, they were supposed to stop handing out million-dollar bonuses to their employees. No one was supposed to get seven- and eight-figure rewards, [...]
Tags: americans unemployed, bonuses, financial meltdown, great recession, wall street
Dems, Wall Street water down financial reform
January 5th, 2010 by Financial Writer
“I have nothing to say except I know how Britney Spears feels,” said Rep. Barney Frank on Sept. 27, 2008, after yet another day in which a pack of journalists followed his every move.
In the frenzied early reckoning of the financial crisis, Frank, the 15-term Massachusetts Democrat known for being the second openly gay member [...]
Tags: banking industry, financial crisis, financial reform, legislators, us federal reserve, wall street
World markets mixed after Wall Street slips
December 30th, 2009 by Financial Writer
European stock markets were mixed during sluggish year-end trading Wednesday after Wall Street snapped a six-day advance overnight and Asian markets fluctuated.
In Europe, the FTSE-100 index of leading British shares held its last full session of the year, inching up 0.5 percent to 5,429.22. In France, the CAC 40 retreated from its 2009 high reached [...]
Tags: home prices, japan airlines, stock markets, wall street
European markets push higher ahead of US open
December 21st, 2009 by Financial Writer
European stock markets and Wall Street futures rose Monday amid hopes that the recent bout of selling may have run its course. However, bigger gains are not anticipated over the coming days as trading volumes fall because more and more traders are shutting up shop for the Christmas break.
The FTSE 100 index of leading British [...]
Tags: christmas, Federal Reserve, real estate, stock markets, wall street
Stock futures fall as traders boost dollar, bonds
December 8th, 2009 by Financial Writer
Stock futures indicated a lower opening on Wall Street Tuesday, as investors sought more safe-haven assets like the dollar and Treasurys.
The dollar gained ground against other major currencies, while bond prices rose. Commodities fell as the dollar rose. A stronger dollar makes commodities more expensive for buyers overseas, and also hurts profits at companies that [...]
Tags: dow jones, Federal Reserve, investors, recession, stock futures, wall street
Business Highlights
December 1st, 2009 by Financial Writer
The economic recovery seems on track for slow but steady gains after new reports Tuesday showed growth in manufacturing activity, construction spending and contracts to buy homes.
The batch of new economic data lifted spirits on Wall Street. But analysts cautioned that the economy won’t come roaring back from the worst recession in seven decades. Some [...]
Tags: business highlights, economic recovery, small businesses, wall street
U.S., Asian finance ministers see common goals
November 11th, 2009 by Financial Writer
The United States and Asia are inextricably linked and must work together to build a more stable economy, top U.S., Indonesian and Singaporean finance officials wrote in an editorial to be published on Thursday.
In the editorial prepared for the Wall Street Journal Asia, U.S. Treasury Secretary Timothy Geithner, Indonesian Finance Minister Sri Mulyani Indrawati and [...]
Tags: finance minister, stable economy, United States economy, wall street