EQUITY MARKETS NEWS
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Wed, 23 Jul 2008 22:20:00 GMT
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Argentine Stocks End Lower As Tenaris, Petrobras Decline
Wed, 23 Jul 2008 22:20:00 GMT
BUENOS AIRES (Dow Jones)--Argentina's Merval stock index closed lower Wednesday as declining oil prices pushed shares of energy companies down, traders said. The Merval was down 0.81% at 1940.74 in light trading. Thirty-five shares closed higher, 13
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Stocks advance following sharp drop in oil prices
Wed, 23 Jul 2008 22:19:00 GMT
NEW YORK-Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy. Investors expect that a sustained pullback in oil prices would
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Lawmakers To Revisit Wall Street Oversight
Wed, 23 Jul 2008 22:19:00 GMT
WASHINGTON The House Financial Services Committee will hold a hearing Thursday on financial oversight of Wall Street, its second this month, with testimony from New York Federal Reserve Bank President Timothy Geithner Lawmakers are examining
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Wall Street rises on oil drop, housing plan optimism
Wed, 23 Jul 2008 22:19:00 GMT
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain 'signatures' by someone other than the actual author will be removed.
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Convergys profit tops Wall Street; cuts full-year view
Wed, 23 Jul 2008 22:19:00 GMT
BANGALORE (Reuters) - Call center operator Convergys posted higher second-quarter profit but trimmed its full-year earnings outlook as it sees a slowdown in call volumes hurting its business, sending its shares down more than 8 percent to a new year-low.
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U.S. STOCKS - Wall Street rises on oil drop, housing plan optimism
Wed, 23 Jul 2008 22:18:00 GMT
NEW YORK (Reuters) - U.S. stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell. Financial shares rose after President George W. Bush
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Milan shares close higher, supported by lower oil prices, led by Fiat UPDATE
Wed, 23 Jul 2008 22:17:00 GMT
MILAN (Thomson Financial) - Share prices closed higher, supported by the lower trend in the oil price, and led by Fiat after it reiterated full year 2008 and 2009 targets alongside strong second quarter results, brokers said. The Mibtel index was up 1.89
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Wall Street rises on oil drop, housing plan optimism
Wed, 23 Jul 2008 22:17:00 GMT
NEW YORK (Reuters) - Stocks rose on Wednesday as financial shares climbed on hopes lawmakers will approve a rescue plan for mortgage finance companies Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) and as the price of oil fell. Financial
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ExpressJet gets delisting warning from NYSE
Wed, 23 Jul 2008 22:16:00 GMT
The parent of ExpressJet Airlines said Wednesday it was notified by the New York Stock Exchange that its shares could be delisted if they don't rise in price. It's the latest setback for ExpressJet Holdings Inc., which said this month that ExpressJet
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Fast Money: Wall Street Got Drunk!
Wed, 23 Jul 2008 22:16:00 GMT
In a now-famous clip circulated on Wall Street floors, President Bush is caught saying during a closed-door fundraiser in Houston that 'Wall Street got drunk and now it's got a hangover.' So in the spirit of that statement, we present: ?The Top 3 Ways
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Wall Street extends advance as oil continues decline, earnings reports offer some optimism
Wed, 23 Jul 2008 22:15:00 GMT
NEW YORK (AP) _ Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.Investors expect that a sustained pullback in oil prices
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Canadian Markets: Canadian stocks fall on CPI data, oil price drop
Wed, 23 Jul 2008 22:15:00 GMT
SAN FRANCISCO (MarketWatch) -- News of rising inflation and falling oil prices helped push Canadian stocks lower during Wednesday trade. The S&P/TSX Composite Index, Canada's benchmark gauge, finished the day down 130.53 points, or 0.96%, to 13,512.66.
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Qualcomm Incorporated (NASDAQ: QCOM) Rescheduled Time and Date for Third Quarter Conference Call
Wed, 23 Jul 2008 22:14:00 GMT
Extract not available.
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EMC, AT&T Send Tech Stocks Higher
Wed, 23 Jul 2008 22:14:00 GMT
After a week of being led higher by financial stocks, the technology sector reclaimed the lead on Wednesday, rising 1% on strong results from EMC (NYSE: EMC) and AT&T (NYSE: T). EMC surged nearly 14% on a even as its VMware (NYSE: VMW) subsidiary
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European markets rise, led by banks, automakers - European commentary
Wed, 23 Jul 2008 22:13:00 GMT
as banking stocks rallied ahead of a vote on a U.S. housing market rescue bill and automotive stocks climbed on the back of strong earnings from Volkswagen and Peugeot as well as lower crude oil prices. Crude for September delivery fell $1.68 to $126.74
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Mortgage insurers' shares rally
Wed, 23 Jul 2008 22:13:00 GMT
would extend an unlimited line of credit from the government to the mortgage-finance giants for 18 months. It would also give the Treasury the authority -- also for 18 months -- to buy Fannie (FNM:FNMNews, chart, profile, moreLast: Delayed quote
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Fannie, Freddie gainslead financials higher
Wed, 23 Jul 2008 22:13:00 GMT
In Washington, the House passed a multibillion-dollar package to assist homeowners and prop up government-sponsored mortgage buyers Fannie Mae and Freddie Mac. The legislation now awaits Senate action. Both Fannie (FNM:FNMNews, chart, profile, moreLast:
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Entorian Receives NASDAQ Notice Letter
Wed, 23 Jul 2008 22:12:00 GMT
Entorian Technologies Inc. (NASDAQ: ENTN) received a letter from The NASDAQ Stock Market notifying it that for the 30 consecutive business days preceding the date of the letter, the bid price of its common stock closed below the $1.00 per-share
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Tumbling oil, metals stocks send TSX down;lower crude lifts NY
Wed, 23 Jul 2008 22:11:00 GMT
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market moved lower Wednesday as the latest tumble in oil prices encouraged a further selloff in energy companies. Fears of lower demand for commodities as a result of slower American
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Local stocks seen slightly up
Wed, 23 Jul 2008 22:10:00 GMT
The sharemarket is expected to hold gains at the open from the previous session, following a slight rise on Wall Street on hopes lawmakers will approve a rescue package for troubled banks Freddie Mac and Fannie Mae. At 0700 AEST, on the Sydney Futures
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Wall Street rises on oil drop, housing plan optimism
Wed, 23 Jul 2008 22:10:00 GMT
NEW YORK (Reuters) - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell. Financial shares rose after President George W. Bush dropped
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Wall Street rises on oil drop, housing plan optimism
Wed, 23 Jul 2008 22:10:00 GMT
By Kristina CookeNEW YORK (Reuters) - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell.Financial shares rose after President George
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EMC, AT&T Send Tech Stocks Higher
Wed, 23 Jul 2008 22:08:00 GMT
After a week of being led higher by financial stocks, the technology sector reclaimed the lead on Wednesday, rising 1% on strong results from EMC (NYSE: EMC) and AT&T (NYSE: T). EMC surged nearly 14% on a even as its VMware (NYSE: VMW) subsidiary
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Qualcomm Incorporated (NASDAQ: QCOM) Rescheduled Time and Date for Third Quarter Conference Call
Wed, 23 Jul 2008 22:05:00 GMT
ualcomm has rescheduled its third quarter earnings conference call to Thursday, July 24, 2008 at 8 a.m. EDT. Questions during the live call will be taken from investment professionals only. Qualcomm Conference Call -- Thursday, July 24 from 8:00 a.m. to
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Entorian Receives NASDAQ Notice Letter
Wed, 23 Jul 2008 22:04:00 GMT
Author : TX-ENTORIAN-TECHNOLOGIES Category : Press Release News Alerts by Email ( click here ) Press Release News | Home AUSTIN, Texas - (Business Wire) On July 21, 2008, Entorian Technologies Inc. (NASDAQ: ENTN) received a letter from The NASDAQ Stock
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Fannie Mae, Freddie Mac finish day up on Wall Street
Wed, 23 Jul 2008 22:04:00 GMT
Washington, D.C.-based Fannie Maes (NYSE: FNM) stock finished the day at $15 apiece, though it was up to $16.99 earlier in the day. McLean, Va.-based Freddie Mac (NYSE: FRE) closed at $10.80, down from its morning high of $11.44. The mortgage giants saw
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Lawmakers To Revisit Wall Street Oversight
Wed, 23 Jul 2008 22:03:00 GMT
WASHINGTON -(Dow Jones)- Wall Street got drunk, and now Congress is dealing with the hangover. The House Financial Services Committee will hold a hearing Thursday on financial oversight of Wall Street, its second this month, with testimony from New York
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Stocks: Itty-Bitty Uptick
Wed, 23 Jul 2008 21:59:00 GMT
After undulating in the wake of an earnings deluge Wednesday morning, the U.S. stock market finished the day on the upside. Investors had spent the day mulling over the Federal Reserve's beige book of economic updates and a continued decline in the price
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GrainCorp drops Ridley bid after stocks cropped
Wed, 23 Jul 2008 21:58:00 GMT
Australian rural group GrainCorp will not improve its takeover offer for stockfeed business Ridley Corporation. The announcement by GrainCorp MD Mark Irwin virtually means that the bid has failed, despite the deadline not arriving until 26 August 2008.
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