stocks

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Asian Stocks Take a Dive
Asian Stocks Take a Dive
Jul 27, 2007 7:52 AM CDT

Asian Stocks Take a Dive

Prices plunge in response to US subprime mortgage crisis

(Newser) - Share prices plummeted throughout Asia  today in response to the yesterday's sell-off on Wall Street and the escalating crisis in the US housing market. After the 300-point plunge in the U.S., the Tokyo Market closed at a three-month-low, and markets in Seoul, Hong Kong, and Sydney also took serious...

Retail Reports Catapult Markets
Retail Reports Catapult Markets
Jul 12, 2007 3:43 PM CDT

Retail Reports Catapult Markets

Dow's 283.86 point gain is biggest in 5 years; Rio Tinto buys Alcan

(Newser) - The Dow soared 283.86 points to 13861.73 today, its largest single-day rally since 2002 and another record close. Traders ignored ongoing bearish rumors from the subprime sector, focusing on better-than-expected June reports from a host of retailers including Wal-Mart, J.C. Penney and American Express.

Stock Sell-Off Rings Out 2nd Quarter

Markets dip, inflation cools, oil prices soar as Fed plays wait-and-see

(Newser) - Stocks slipped slightly today as the tumultuous second quarter ended in a cloud of uncertainty and contradictory economic reports. The Dow fell 13.66 to close at 13,408.62, up over 1,000 points since April, after an early surge in response to optimistic inflation and construction-spending reports. But...

Mortgage Worries Drive Markets Down
Mortgage Worries Drive Markets Down
Jun 22, 2007 4:45 PM CDT

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

(Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The...

Blackstone IPO Fetches $4.13B
Blackstone IPO Fetches $4.13B
Jun 21, 2007 5:05 PM CDT

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

(Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price...

Gambling Firm Agrees to Buyout
Gambling Firm Agrees to Buyout
Jun 15, 2007 4:08 PM CDT

Gambling Firm Agrees to Buyout

Penn National Gaming changes hands for $8.9B

(Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's...

Investors Clash With Yahoo CEO
Investors Clash With Yahoo CEO
Jun 13, 2007 10:34 AM CDT

Investors Clash With Yahoo CEO

Stockholders blast chief for $107M payday; nix change on company's China policy

(Newser) - Investors railed yesterday against Yahoo Inc.'s management team in an unusually rowdy session of the search engine's annual shareholders' meeting. Angry investors interrogated CEO Terry Semel over his $107.5M paycheck and the company's slumping stock price, which fell 9% in the last year. A third of shareholders mutinied...

Dow Falls as Bond Yields Soar
Dow Falls as Bond Yields Soar
Jun 13, 2007 7:13 AM CDT

Dow Falls as Bond Yields Soar

Record high yields threaten higher mortgage rates

(Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less...

iPhone Rings High Note for Apple
iPhone Rings High Note
for Apple
Jun 7, 2007 4:32 PM CDT

iPhone Rings High Note for Apple

Smartphone may surpass hype, drive stock up to $160

(Newser) - With buzz over Apple's new iPhone vibrating on high, investors are betting that Apple's stock—which has doubled in the past year to $122 per share—will climb to upwards of $160. The iPhone hits stores June 29, and is set to achieve Apple's once far-fetched goal of selling 10...

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high. "There are a lot of little things out there that are scaring the market,...

China's Stock Market Drops 8%
China's Stock Market Drops 8%
Jun 4, 2007 1:20 PM CDT

China's Stock Market Drops 8%

Fear of more government regulations drives rampant selling

(Newser) - China's stock market plummeted more than 8% today in one of the biggest drop-offs of the decade. A trading tax increase intended to cool a boom that drove stocks up over 50% last week has set off widespread worry. But unlike the February 28 skid that depressed worldwide markets, today's...

Chinese Stocks Plummet After Trading Tax Tripled

Move aimed at containing market bubble; could trigger serous sell-off

(Newser) - Chinese stocks plummeted today, after the finance ministry tripled a tax on trades in an effort to deflate a worrisome stock market bubble. A week ago, the ministry publicly pledged not to raise the tax. The reversal opens the government to heavy criticism if it triggers a serious rout.

Private Equity Firm Eyes Bausch & Lomb

Troubled contact lens giant fields $4.5B buyout offer

(Newser) - Bausch & Lomb is seeing the private equity light at the end of the tunnel. After a year of costly recalls, accounting snafus, and lawsuits that have shaken the contact lens giant, B&L is entertaining a $4.5 billion offer—including $830 million in debt—from Warburg Pincus. The...

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope for restructuring labor costs

(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which...

The Class System at Dow Jones
The Class System at Dow Jones
May 3, 2007 4:30 PM CDT

The Class System at Dow Jones

how class system favors Dow Jones

(Newser) - In rejecting Rupert Murdoch's offer for Dow Jones, the Bancroft family provides a textbook example of the case for—and against—dual class shares for media companies. With their shares carrying ten times the voting power of publicly traded shares, the family has the power to spurn a suitor it...

Dow Hits New High
Dow Hits New High
Apr 20, 2007 3:27 PM CDT

Dow Hits New High

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

(Newser) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29...

Dow Powers to Record High
Dow Powers to Record High
Apr 19, 2007 7:08 AM CDT

Dow Powers to Record High

(Newser) - The Dow rose 30.80 points yesterday, closing above 12800 for the first time. The new record was powered was by JP Morgan Chase, Boeing and Caterpillar, while nearly two-thirds of the Dow components failed to make gains, the Wall Street Journal reports. Tech stocks continued to be weak; the...

Yahoo's Earnings Drop Despite New Ad System

(Newser) - Yahoo's new online advertising system failed to break the company's earnings slump, with the search-engine pioneer reporting an 11% drop in first-quarter profits. Yahoo faces increased competition for graphic display advertising that represents a third of revenue, and the company is no longer doing ad brokering for Microsoft, which bolstered...

Stocks Swing on CEO House Size
Stocks Swing on CEO House Size
Apr 13, 2007 1:55 PM CDT

Stocks Swing on CEO House Size

(Newser) - Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs —5,600 square feet for the typical company head — see their company's stock jump an average 6% the following year. Those who go palatial...

Nasdaq Options Philly Mart
Nasdaq Options Philly Mart
Apr 11, 2007 3:59 PM CDT

Nasdaq Options Philly Mart

Eyes exchanges options business

(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the...

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