Business Sectors


  • Tech stocks slump after Google, IBM disappoint Thursday, 17 Apr 2014 | 9:50 AM ET

    Technology stocks are leading an early decline on Wall Street after Google and IBM reported disappointing earnings. Mattel and UnitedHealth Group also fell in early trading Friday after their own results fell short of what investors were expecting. Goldman Sachs and Morgan Stanley rose after reporting better results than analysts had forecast.

  • *Google and IBM fall after hours as earnings disappoint. Disappointing results from Google and IBM had also knocked their shares lower after the bell and put a crimp on technology stocks in the region. Other markets made modest gains with shares in Australia up 0.5 percent and MSCI's broadest index of Asia-Pacific shares outside Japan adding 0.33 percent.

  • SAN FRANCISCO, April 16- Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.

  • Jobs outlook for Class of 2014 looks like this... Wednesday, 16 Apr 2014 | 1:14 PM ET

    Job prospects for this year's college graduates have changed a lot from last year, according to a new survey.

  • WRAPUP 2-U.S. industry shows some vigor, but housing soft Wednesday, 16 Apr 2014 | 10:15 AM ET

    *Industrial output up 0.7 in March. WASHINGTON, April 16- U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.

  • BOGOTA, April 15- Colombia's financial sector earned a net profit of 5.28 trillion pesos in February after heavy losses in January, thanks to lower market volatility, the country's financial regulator said on Tuesday. The sector lost 6.66 trillion pesos in January when the sector was buffeted by changes in monetary policy in the United States.

  • CHICAGO, April 14- A resounding shot across the bow has been fired at the tech sector in recent weeks. The tech-heavy Nasdaq Composite Index is down nearly 5 percent in April through Friday's close and the Nasdaq Biotechnology Index is off 21 percent from its record closing high on Feb. 25.

  • At a Glance: Hot tech stocks tumble Friday, 11 Apr 2014 | 5:38 PM ET

    Shares of tech favorites such as Facebook, Netflix and Twitter are 19 percent to 46 percent below their recent peaks. Peak: Jan. 22 at $408.06. Peak: March 11 at $72.59.

  • Tech stocks slide again; Nasdaq falls for 3rd week Friday, 11 Apr 2014 | 4:12 PM ET

    NEW YORK— Technology stocks are dropping for a second day in a row as investors flee highflying Internet and biotechnology companies. JPMorgan Chase fell 4 percent after reporting weaker earnings. Other big banks also fell, including Bank of America.

  • Once-soaring tech stocks sink in sobering comedown Friday, 11 Apr 2014 | 3:55 PM ET

    SAN FRANCISCO— The stock market's laws of gravity are ravaging its highest fliers. Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The S&P 500 is 4 percent off its recent high on April 2.

  • US STOCKS-Wall St down as biotechs, financials drag Friday, 11 Apr 2014 | 1:46 PM ET

    *JPMorgan falls, Wells Fargo gains after results. NEW YORK, April 11- U.S. stocks fell in a volatile session on Friday as biotech shares resumed their downward trend and disappointing earnings from JPMorgan weighed on the financial sector.

  • Europe shares sag as U.S. tech sector sell-off spreads Friday, 11 Apr 2014 | 11:00 AM ET

    PARIS, April 11- European stocks sank on Friday, extending the week's retreat and mirroring a sell-off on Wall Street led by technology and biotech shares that has been fuelled by worries some stock valuations are overstretched.

  • *Sharp sell-off on Wall Street hits global stocks. LONDON, April 11- Global equities slipped to a two-week low on Friday as a sell-off on Wall Street led by technology and biotech shares and triggered by concerns that valuations are over stretched spread to Asia and Europe.

  • *Russia tensions rumble on, crimping appetite. LONDON, April 11- European shares slid at the open on Friday to leave them set for their first weekly loss in a month, tracking steep falls in Asian and U.S. stocks as equities came under pressure globally. The sector in Europe had rallied over 40 percent from the beginning of November 2012 to the start of April this year.

  • BEIJING, April 11- China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy.

  • *Greece makes successful return to bond markets. NEW YORK, April 10- U.S. technology stocks slumped on Thursday, resuming recent weakness in shares that had led U.S. stocks higher for more than a year, while Greece's much-heralded return to the bond market buoyed euro zone debt.

  • Investors flee tech stocks again, pummeling Nasdaq Thursday, 10 Apr 2014 | 8:59 AM ET

    NEW YORK— The high-flyers are laying the stock market low— once again. Investors turned against biotech, Internet and other once-soaring stocks on Thursday, driving the Nasdaq composite index to its worst day since 2011..

  • US urges oil-by-rail sector to agree a safer tank car Wednesday, 9 Apr 2014 | 3:59 PM ET

    "My target date is as soon as possible," Foxx told a panel of the Senate Appropriations Committee when asked when the new standard would be ready. The Department of Transportation is responsible for mandating a new tank car design, but officials are counting on input from industry.

  • WASHINGTON, April 8- The United States should strengthen a century-old law designed to protect the domestic shipping industry, rather than relax it under pressure from the energy industry, the chair of the Senate Energy Committee said on Tuesday.

  • Ky. gov announces automotive industry trade group Tuesday, 8 Apr 2014 | 9:36 AM ET

    Steve Beshear said Monday he wants Kentucky to be as synonymous with the auto industry as Detroit. The Democratic governor announced the formation of the Kentucky Automotive Industry Association to promote Kentucky as an automotive hub. Board members include representatives from Toyota, Ford, General Motors and various automotive supply companies.

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