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It appears that a lack of cohesion on Schneider’s board of directors regarding the merits of a deal to buy Tyco, may have given pause to its CEO in his attempts to pursue the transaction.
Despite the concern and fear over credit conditions within the municipal bond market, great opportunities still exist because of the tax-equivalent yield investors can earn on a muni bond, according to the senior portfolio manager at Oppenheimer Funds, which has over $26 billion in assets under management.
Nasdaq CEO Robert Greifeld is meeting with hedge funds Friday in New York trying to drum up support for his company’s proposal to purchase the NYSE. Nasdaq is joined in that proposal by its partner ICE, but today’s meeting did not include representatives from that company, something noted by attendees.
Stocks turned modestly higher as investors took heart from upbeat economic news, although weak earnings pressured some sectors of the market. Merck and J&J rose, while BofA fell.
Stock index futures pared losses and turned positive after gains in industrial production and capacity utilization, and after news that consumer prices didn't rise as much as expected in March.
While Nintendo had a lot to brag about in March, the overall video game industry wasn't so fortunate.
Stocks closed mixed after another choppy, low volume session, as the broader market staged a late afternoon rally despite slumping bank and tech stocks. Kraft rose, while JPMorgan fell.
Stocks took a brighter tone in the last hour of trading as the broader market gained, although banks and tech stocks remained lower. Coca Cola rose, while JPMorgan fell.
Eli Lilly will continue to buy biopharma and animal health companies in order to grow after patents on some of its best-selling drugs expire, its chief executive said Thursday.
Stocks turned weaker again in the wake of disappointing economic news, and ahead of major earnings releases. JPMorgan and HP fell, while Kraft gained.
Stock index futures held losses after a surprising jump in jobless claims, and slightly stronger gain in core producer prices.
Stocks ended flat to slightly higher after fluctuating throughout the session after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Caterpillar rose, while BofA fell.
Stocks pared modest losses just before the close after rising slightly after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Kraft gained, while Boeing fell.
JP Morgan Chase posted a 67 percent increase in first-quarter earnings, topping Wall Street expectations, as it set aside less money to cover bad loans. This is the first of the big banks to post quarterly retruns. "Those earnings reflected strong performance in our investment bank; they reflected solid performance in a number of our other business lines," the CFO of JP Morgan told CNBC Wednesday.
Stocks turned mixed as financials led the market lower despite JPMorgan's solid earnings results. IBM and Kraft rose, while Boeing fell.
The chances that an acquisition of Tyco by France’s Schneider are declining, according to people close to the situation.
Stock index futures continued to hold gains despite a slightly weaker-than-expected rise in retail sales for March.
Stocks followed commodities sharply lower throughout Tuesday's session as oil slid and investors reacted to disappointing sales results from Alcoa. Alcoa and Chevron led the Dow lower, while Wal-Mart gained.
Stocks extended losses in the final hour of trading Tuesday as oil prices sank and after Alcoa's weaker-than-expected revenues disappointed investors. Alcoa and Chevron led decliners.
Stocks sank broadly, triggered by disappointing results from Alcoa, and as a report by Goldman Sachs calling for a drop in commodity prices sent oil prices on a nosedive. Alcoa and Chevron fell, while Wal-Mart gained.
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