Archive for the Breaking News Category
The Dow Jones industrial average rose 102.32 points to close at 10,424.62 points, or 0.99%; the Nasdaq composite index rose 23.58 points to close at 2,269.47 points, or 1.05%; Standard & Poor's 500 index rose 8.98 points to close at 1,102.67 points, or 0.82%.
Credit card issuer American Express
07.24.2010| Breaking News | TonyLiu
UK GDP growth of 1.1% higher than the first quarter of 0.3%, august gold futures fell 7.80 U.S. dollars to close at 1,187.80 U.S. dollars an ounce, down 0.7%, gold futures fell this week, less than 0.1%, gold futures opened higher Friday, but profit-taking after a breakthrough 1200 U.S. dollars sell
07.24.2010| Breaking News | TonyLiu
Pay czar Kenneth Feinberg's latest review of pay practices at banks that received bailout funds showed 17 companies made $1.6 billion in "ill-advised payments" during the financial market crisis. Companies listed included Citigroup and Goldman Sachs.
World markets: European markets were mixed,
07.24.2010| Breaking News | TonyLiu
Quarterly results: Ford Motor (F, Fortune 500) reported better-than-expected quarterly sales and earnings that reversed its operating loss from a year ago, building on its return to profitability following several years of weakness. Shares gained 5.2%.
Dow component Verizon Communications (VZ,
07.24.2010| Breaking News | TonyLiu
Nokia's second quarter operating profits fell 31 percent compared to one year ago to 295 million euros (380 million U.S. dollars), the company said Thursday.
Net sales for Nokia, the world's largest mobile phone manufacturer, in the April-June period stood at 10 billion euros (12.9 billion do
07.22.2010| Breaking News | TonyLiu
Stimulated by the positive earnings report to promote the economic data, European stocks closed higher Wednesday, New York gold closed up 0.3% to close at 1,195.60 U.S. dollars an ounce, oil prices closed up 3.6% to close at 79.30 U.S. dollars a barrel.
the world's major stock markets closed list
07.22.2010| Breaking News | TonyLiu
EST at 4:00 p.m. on the July 22, the Dow Jones industrial average rose 201.77 points to close at 10,322.30 points, or 1.99%; the Nasdaq composite index rose 58.56 points to close at 2,245.89 points, or 2.68%; Standard & Poor's 500 index rose 24.08 points to close at 1,093.67 points, or 2.25%.
07.22.2010| Breaking News | TonyLiu
Microsoft Corp. on Thursday reported that its quarterly sales soared, thanks to gains across all of its key product lines.
Driven by strong Windows 7 sales and an improving PC market, the Redmond, Wash., software giant reported net income that rose 48%, to $4.5 billion, in its fiscal fourth-quart
07.22.2010| Breaking News | TonyLiu
Quarterly results: Dow component Caterpillar (CAT, Fortune 500) reported higher quarterly sales and earnings that topped estimates due to better sales of gear for the mining, infrastructure and energy industries. Caterpillar also boosted its 2010 profit forecast. Shares gained 1.7%.
Fellow Dow co
07.22.2010| Breaking News | TonyLiu
Housing: Sales of existing home sales fell 5.1% in June from May levels, according to a report from the National Association of Realtors released Thursday. But the drop was smaller than expected. Sales rose nearly 10% from a year earlier.
Jobs: The House voted to extend jobless claims benefits
07.22.2010| Breaking News | TonyLiu
U.S. labor market has shown modest improvement in the first half of 2010, but the pace of hiring to date has not been sufficient to bring about a significant reduction in the unemployment rate, the Federal Reserve said on Wednesday.
"On average, private-sector employment rose 100,000 per mo
07.21.2010| Breaking News | TonyLiu