S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Mergers and Acquisitions
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CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Will Tuesday be another up day? And more housing data is on the way, as earnings season comes to a close.
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Worries of the european debt crisis was back in the news on Monday as Euro shares dropped sharply ahead of debt auctions this week.
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Stocks fell as investors awaited the start of the earnings season and shrugged off a spate of mergers and acquisitions activity. DuPont and Microsoft fell fell, while GE rose.
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Crumbs Bake Shop, the country’s largest cupcake chain, will go public through a $66 million merger with an investment company, the 57th Street General Acquisition Corporation. The New York Times reports.
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U.S. stock index futures were lower ahead of the open Monday in the wake of lacklustre employment data Friday and as debt fears continued to sweep through European markets.
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Two traders on Goldman Sachs’s proprietary trading desk are poised to set up their own fund in London, financed by a major European backer, a person with direct knowledge of the matter said on Monday, the New York Times reports.
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Stocks declined as investors digested a mixed employment report and turned their attention to next week's earnings season.
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Stocks eased losses ahead of the close, but were on course to end a six-week winning streak, as investors digested a mixed employment report and turned their attention to next week's earnings season. JPMorgan and Travelers fell, while Pfizer rose.
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We're are in the mist of a recovery that nobody is really talking about it, Mark Shafir, global head of M&A at Citi, told CNBC on Friday.
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Stocks struggled for direction as investors absorbed a mixed jobs report and began to turn attention to earnings, which will begin to be reported in earnest next week. Verizon fell.
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U.S. stock index futures shaved losses after news fewer jobs were created in December than expected, but the unemployment rate fell to 9.4 percent.
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Facebook says that it will begin reporting its financial results by April 2012, setting the stage for a likely public stock offering, according to a document sent by Goldman Sachs to potential investors. The New York Times reports.
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Citigroup is seeking buyers for CitiFinancial, the largest consumer finance company in the US, in a deal that could raise hundreds of millions of dollars and mark a milestone in the bank’s efforts to break with its troubled past. The FT reports.
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Stocks ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales. Verizon and Travelers slid, while Microsoft gained.
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Shares of food product company Sara Lee dropped Thursday on a report it will split up its meats and coffee businesses.
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Stocks traded mixed Thursday as technology stocks rose and retailers skidded following weaker-than-expected December sales. Verizon skidded, while Microsoft gained.
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Typically when oil prices go up, airline stocks go down. But this recovery has been very different. The airline industry seems to be going through a rational recovery for the first time in many, many cycles
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Stocks turned mixed as retail stocks skidded on news of weaker-than-expected December sales. Verizon and AT&T fell, while Boeing rose.
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U.S. stock index futures eased slightly, but remained higher, after jobless claims came in largely as expected.
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Before Goldman Sachs bought a stake in Facebook and started offering shares to wealthy clients, a powerful investment group within the firm turned down the chance to buy a piece of the social networking behemoth, according to several people briefed on the internal discussions, the New York Times reports.
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Stocks closed at new multi-year highs Wednesday to new multi-year highs as investors cheered a handful of positive economic reports about jobs and service sector growth, and commodities turned higher. AmEx and Disney rose, while Intel fell.
Private Equity
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Nick Tolchard, head of Invesco Middle East tells CNBC they have seen more money flowing into private equity investment.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.
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*Money managers pull $1.4 bln from COMEX gold in May 14 week. Money managers, including hedge funds, pulled $1.4 billion from the U.S. gold futures market for the week ended May 14 by trimming their net long positions in the metal, according to Reuters calculations of data released by the Commodity Futures Trading Commission.