Stocks End Lower Amid Fed Taper Talk; Dow, S&P Briefly Hit Fresh Highs
New York City
featured
Wall Street bonuses and staff levels are expected to rise again in 2013, according to a closely watched report released on Friday by a compensation consultancy Johnson Associates.
» Read More
More
-
NEW YORK, May 20- U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities. Based on the latest available data, the Dow Jones industrial average declined 19.12 points, or 0.12 percent, to finish unofficially at 15,335.28.
-
NEW YORK, May 20- U.S. authorities brought criminal charges against three New York University researchers on Monday, alleging they conspired to take bribes from Chinese medical and research outfits for details about NYU research into magnetic resonance imaging technology.
-
NEW YORK, May 20- Freeport-McMoRan Copper& Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration& Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends.
-
NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
-
NEW YORK-- American International Group Inc. said Monday that it will spend $718.1 million Hong Kong dollars in a rights offering by Chinese insurance company PICC Property and Casualty Company Ltd.. The company is a subsidiary of The People's Insurance Company of China Ltd. and is traded in Hong Kong.
-
*Bid raised to $12.50/ share from $11.25. DUBLIN/ NEW YORK, May 20- Royalty Pharma raised its hostile bid for Elan to $12.50 per share and threatened to withdraw the bid if Elan shareholders approve a series of defensive transactions announced by the Irish drug firm. Royalty previously offered $11.25 a share.
-
Thousands of Connecticut commuters faced delays and crowded trains on Monday as Metro-North workers scrambled to repair damage on the United States' busiest rail line.
-
NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
-
*Gold also shoots up from 1- month low and 7 days of losses. NEW YORK/ LONDON, May 20- Gold and silver prices gained about two percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/ 2 years before an abrupt midday turnaround.
-
NEW YORK-- James River Coal Co. shares extended their rally Monday on news that the company reached deals to exchange about $243.4 million of existing debt for $123.3 million in new debt, pushing back the maturity of some of it by three years.
-
*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
-
SAN FRANCISCO, May 20- Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms. Think restaurant reservations, where OpenTable dominates, or car services, where privately held startups such as Uber are making significant inroads.
-
Cisco Systems Inc. fell 2.0 percent to $23.76 with 29,194,000 shares traded. Facebook Inc. fell 1.7 percent to $25.80 with 26,942,000 shares traded. Intel Corp. rose. 2 percent to $24.08 with 16,610,500 shares traded.
-
Baxter International Inc. rose$. 80 or 1.1 percent, to $73.74. Bristol-Myers Squibb Co. rose$. 45 or 1.0 percent, to $43.75. Hospira rose$. 17 or. 5 percent, to $35.91.
-
XenoPort Inc. fell 11.0 percent to $6.01. OSI Systems Inc. fell 8.5 percent to $60.69. Raven Industries Inc. fell 8.1 percent to $31.66.
-
Brinker International Inc. fell$. 04 or. 1 percent, to $41.36. Chipotle Mexican Grill Inc. rose $2.55 or. 7 percent, to $377.71. Darden Restaurants Inc. rose$. 18 or. 3 percent, to $53.61.
-
NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Molycorp Inc. rose 10.9 percent to $7.23. Herbalife Ltd. rose 9.2 percent to $48.55.
-
Canadian National Railway Co. fell$. 04 or percent, to $102.65. Canadian Pacific Railway Ltd. fell$. 65 or. 5 percent, to $137.82. Kansas City Southern fell $2.08 or 1.8 percent, to $115.08.
-
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Team Inc. fell 16.8 percent to $35.14. Just Energy Group fell 5.3 percent to $6.95.
-
Hecla Mining Co. rose$. 17 or 5.2 percent, to $3.34. Pan American Silver Corp. rose$. 86 or 7.3 percent, to $12.60. Silver Standard Resources Inc. rose$. 46 or 7.3 percent, to $6.76.