Stocks News

Wall St gains on economy

Financial Service News — Thu, 11 Mar 2010 12:04:13 +0000

Wed Mar 10, 2010 4:40pm EST - A morning commuter walks past the New York Stock Exchange, November 2, 2009.

Share market loses ground as rates held

Financial Market News — Thu, 11 Mar 2010 11:46:16 +0000

The New Zealand share market slipped in early trading, with key stocks losing ground or staying flat after the Reserve Bank did as expected and left official interest rates at a record low 2.5 per cent.

CIBC World markets predicts dollar could hit parity with U.S. currency this summer

Financial Service News — Thu, 11 Mar 2010 07:39:56 +0000

Expectations of higher interest rates and investor demand for Canada will help drive the Canadian dollar past parity with the U.S. greenback by this summer, says CIBC World Markets.

Markets in consolidation mode

Financial Market News — Thu, 11 Mar 2010 07:35:39 +0000

MUMBAI: The Bombay Stock Exchange sensitive index, Sensex, ended higher by 46 points at 17098.33 on Wednesday as the impact of a smart rally in Reliance Industries was minimised by selling pressure in other frontline shares such as Bharti, Infosys and ICICI Bank.

A decade later: Lessons in the Nasdaq collapse

Financial Market News — Thu, 11 Mar 2010 03:20:35 +0000

Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points - a peak that the technology-heavy market shows no sign of scaling again any time soon.

Washington Federal Warrants Bring $15.39 Million

Financial Service News — Thu, 11 Mar 2010 03:18:54 +0000

The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc.

Connecticut AG Blumenthal sues Moody’s, S&P; says mortgage securities ratings “misleading”

Financial Market News — Wed, 10 Mar 2010 23:03:33 +0000

Connecticut 's attorney general sued Moody's Investors Service and Standard & Poor's over ratings the pair issued on risky investments.

Nationalized UK bank Northern Rock back in profit …

Financial Service News — Wed, 10 Mar 2010 22:52:00 +0000

Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.

Wall Street ponders next move

Financial Market News — Wed, 10 Mar 2010 18:51:41 +0000

U.S. stock futures held to a tight range today, with little to focus on outside of a smattering of merger news and wholesale inventory data due later, as markets paused following the run-up in prices from one-year depth.

Bank of America ends overdraft fees on debit cards

Financial Service News — Wed, 10 Mar 2010 18:39:04 +0000

It could be the beginning of the end of overdrawn accounts linked to debit cards.