Investors are starting to score from some S&P 500 stocks springing back from a long period of suffering. USA Today reports.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.1 percent to $35.50 with 43,462,800 shares traded. Advanced Micro Devices Inc. fell. 8 percent to $3.73 with 27,512,600 shares traded.
July 24- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit, as merger and acquisition advisory and asset management fees rose amid an increase in corporate deals. In one of its big deals in the second quarter, Lazard advised jet engine parts maker Firth Rixson on the $2.85 billion sale to aluminum group Alcoa Inc..
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose. 5 percent to $3.80 with 32,841,800 shares traded. Alcoa Inc. rose 2.8 percent to $17.09 with 30,732,200 shares traded.
PALO ALTO, Calif.— Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues. Pat Russo, the former CEO of Alcatel-Lucent, will be HP's lead independent director, the company said. In addition, HP said Alcoa CEO Klaus Kleinfeld is joining the board.
SAN FRANCISCO, July 17- Hewlett-Packard Co appointed Chief Executive Officer Meg Whitman its chairman on Thursday and enlisted Alcoa CEO Klaus Kleinfeld as an independent director, adding a 12th member to its board.
*Australia axes world's second biggest ETS before it starts. *Opposition calls it an "appalling" day for Australia. Australia is one of the world's biggest carbon emitters on a per capita basis and abandoning plans for the world's second largest emissions trading scheme after Europe, set to begin from 2015, is a major setback for global CO2 trading.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AbbVie fell. 4 percent to $54.74 with 15,465,500 shares traded. Advanced Micro Devices Inc. rose 4.6 percent to $4.57 with 39,673,800 shares traded.
Executives running the world's largest airplane makers and suppliers said they don't see a downturn coming anytime soon.
Alcoa has invested heavily in its U.S. aerospace business because of the country's leading position in advanced manufacturing, CEO Klaus Kleinfeld tells CNBC.
Alcoa Chairman and CEO Klaus Kleinfeld joins CNBC from the Farnborough International Airshow in England, where he talked about U.S. manufacturing.
CNBC's Phil LeBeau and Klaus Kleinfeld, Alcoa chairman & CEO, discuss the company's jet engine supply deal with Pratt & Whitney, and weighs in on what's driving growth in the airline sector.
July 14- Alcoa Inc said it signed a 10- year supply agreement with Pratt& Whitney, a unit of United Technologies Corp, for $1.1 billion.
PITTSBURGH— J. Keith Mularski's world has expanded greatly since he stopped selling discount furniture to join the FBI in 1998. Especially since he transferred from Washington, D.C., in 2005 to fill a vacancy in the Pittsburgh field office's cyber squad— which he now heads. He spent about five years in the business before joining the FBI.
*Wells Fargo edges lower, but revenue tops forecasts. *Fastenal reports revenue below expectations. NEW YORK, July 11- U.S. stock index futures pointed to slight gains at the open Friday in a modest rebound from recent losses, though major indexes remained on track for their biggest weekly decline since April.
*Fastenal reports revenue below expectations. *The S&P 500 has fallen for three of the past four sessions, dropping Thursday on concerns over the financial health of Portugal's top listed bank. *Fastenal Co reported second-quarter revenue that was below expectations.
NEW YORK, July 10- Investors added more than $19 billion in new cash to U.S.-based stock and money market funds in the latest week as the second-quarter earnings season kicked off, data from Thomson Reuters' Lipper service showed on Thursday.
U.S. stock index futures indicated a sharply lower open, despite relatively dovish minutes from the Fed, amid earnings caution.
Jim Cramer firmly believes companies can reinvent themselves, provided they have a clear vision and are willing to make tough decisions.
Alcoa is a bellwether for the market, but there are 15 other stocks in the S&P 500 that have had much higher predictive power. USA Today reports.
*Alcoa earnings top expectations; shares at highest since July 2011. NEW YORK, July 9- U.S. stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy.