Reuters (Free subscription) | 09/10/2008
The latest Reuters articles on M&A, IPOs, hedge funds and moreBroker Center sponsored linksYou are here: > > Article Partner ServicesWall St. set for higher open on IBM boostThu Oct 9, 2008 9:08am EDT | | Share| | [] [] By Ellis MnyanduNEW YORK (Reuters) - Stock index futures pointed to a higher Wall Street open on Thursday as a stronger-than-expected profit from technology bellwether...
Reuters (Free subscription) | 25/09/2008
Futures flat as GE tempers bailout optimismThu Sep 25, 2008 7:51am EDTBy Ellis MnyanduNEW YORK (Reuters) - Stock index futures were little changed on Thursday as a profit warning from General Electric (GE.N: ) tempered hopes that Congress might be close to agreeing to a deal on a $700 billion bailout to rescue the financial sector.Investors are betting that the approval of the bailout,...
The Earth Times Online Newspaper (Free subscription) | 22/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks fell on Monday, weighed by uncertainty about how far a proposed $700 billion U.S. financial sector bailout will go in resuscitating the economy and as oil prices resumed their climb.U.S. front-month crude oil jumped $5.01 to $109.63 a barrel as the dollar weakened, sparking concern about the outlook for consumer and business spending.Banks,...
The Earth Times Online Newspaper (Free subscription) | 22/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks fell on Monday, weighed by uncertainty about how far a proposed $700 billion U.S. financial sector bailout will go in resuscitating the economy and as oil prices resumed their climb.U.S. front-month crude oil jumped $5.01 to $109.63 a barrel as the dollar weakened, sparking concern about the outlook for consumer and business spending.Banks,...
The Earth Times Online Newspaper (Free subscription) | 22/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks headed for bounce at the open on Monday as news that Japan's largest bank planned to buy a stake in Wall Street bank Morgan Stanley tempered worries about the proposed $700 billion financial sector bailout.Mitsubishi UFJ Financial Group <8306.T> said it planned to buy a stake of as much as 20 percent in Morgan Stanley, sparking a surge of more...
The Earth Times Online Newspaper (Free subscription) | 22/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stock index futures fell on Monday as investors awaited details on Washington's planned $700 billion bailout to stem financial sector turmoil.Investors worried Congress would seek to change the Bush administration's proposal and paused after Friday's surge when Treasury Secretary Henry Paulson announced a plan that could reshape the U.S. financial...
The Earth Times Online Newspaper (Free subscription) | 19/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks rallied on Friday, led by a surge in financials, after the government unveiled plans to mop up bad assets and place a temporary ban on bets that financial stocks will fall.In addition, the U.S. Treasury said it will establish a program to guarantee money market fund holdings, aiming to prevent Wall Street's losses from spilling over into the...
The Earth Times Online Newspaper (Free subscription) | 19/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks soared on Friday, led by a surge in financial shares, as a series of sweeping steps to contain fallout from the credit crisis eased investor worries.The rally, coming a day after Wall Street notched its best day in six years, propelled shares of Bank of America , the No. 2 U.S. bank, up 22 percent, making the stock the top boost to the S&P 500.Shares...
The Earth Times Online Newspaper (Free subscription) | 19/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks headed for a surge at the open on Friday as investors cheered a series of sweeping steps by governments worldwide to contain the spiraling credit crisis.The rally, which could be led by financial stocks, will help Wall Street add to gains on Thursday, its best day in six years.U.S. authorities, led by Treasury Secretary Henry Paulson, are working...
The Earth Times Online Newspaper (Free subscription) | 19/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stock futures soared on Friday, indicating Wall Street will add to its gains after the best day in six years, as investors cheered a series of sweeping steps by governments worldwide to contain the spiraling credit crisis.U.S. authorities, led by U.S. Treasury Secretary Henry Paulson, are working on a comprehensive solution to mop up hundreds of billions...
The Earth Times Online Newspaper (Free subscription) | 18/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks were poised to open higher on Thursday, helped by a coordinated push by the world's leading central banks to pump billion of dollars into global financial markets to thaw the credit freeze.Even so, investors appeared to tread cautiously, with uncertainty surrounding more possible mergers and ways to stabilize the beleaguered financial sector...
The Earth Times Online Newspaper (Free subscription) | 18/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks were poised to open higher on Thursday, helped by a coordinated push by the world's leading central banks to pump billion of dollars into global financial markets to thaw the credit freeze.Even so, investors appeared to tread cautiously, with uncertainty surrounding more possible mergers and ways to stabilize the beleaguered financial sector...
The Earth Times Online Newspaper (Free subscription) | 18/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stock index futures rose on Thursday, helped by a coordinated push by the world's leading central banks to pump billion of dollars into global financial markets to thaw the credit freeze.The Federal Reserve, European Central Bank, Bank of Japan and others said they would provide more than $180 billion in extra dollar funds, a day after world stock...
The Earth Times Online Newspaper (Free subscription) | 17/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks tumbled 2 percent on Wednesday as a spike in inter-bank lending rates added to worry about the global financial system and the U.S. rescue of American International Group failed to reassure investors.Investors started to wonder who might be the next in the financial sector to come under strain due to tight credit conditions. The S&P financial...
The Earth Times Online Newspaper (Free subscription) | 17/09/2008
By Ellis MnyanduNEW YORK (Reuters) - Stocks slid on Wednesday as a spike in inter-bank lending rates added to fears of credit constraints in the global financial system.Additionally, investors worried the U.S. government rescue of embattled insurer American International Group wouldn't be enough to stem turmoil that has rocked markets.With AIG now in government hands, investors started...
