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So Dow is up 400 Tuesday, down 300 on Wednesday, up almost 300 today...guys on the floor have finally figured out how to make money in this market. Come in every other day. It started with Fannie Mae and Freddie Mac this week (both up over 50 percent for the week), but this week's rally quickly spread to financials, then finally to other large cap stocks like GE.
Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.
The Dow has given up more than half of yesterday's gain, but much of this is due to the commodity route. The dollar has been rallying two days, giving some hope to those who believe that the dollar's seven year decline is coming to and end.
Chinalco, the Chinese metals company that led a stunning $14 billion investment in Rio Tinto could raise its stake in the global mining firm and has no intention of cutting back on its ambitions elsewhere.
Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.
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Stocks were mostly lower Friday as a second straight drop in nonfarm payrolls and hopes that the worst is over tugged the market in both directions.
Communications equipment maker Ciena Corp posted a higher-than-expected rise in quarterly profit Friday and gave an outlook above market expectations, saying strong demand for faster networks helped it avoid being hurt by a weaker economy.
What happened to our nosedive? After a down open, stocks continue to hold up well in what could only be described as a fairly flat market--about even number of stocks advancing to declining, modest volume, financials and techs modestly to the upside.
Chinese aluminum giant Aluminum Corp of China, which led a $14 billion equity investment in global miner Rio Tinto in January, has no immediate plans to raise money to help fund overseas acquisitions, its president said.
Surprise, surprise. Another CEO could get a massive payout despite his terrible performance.
Cramer makes the call on viewers' favorite stocks.
Stocks advanced late in the session after S&P affirmed its rating of bond insurers MBIA and Ambac Financial Group. What's the word on the Street?
Stocks closed sharply higher after Standard & Poor's reaffirmed the triple A ratings on two big bond insurers, sparking an explosive rally.
More trouble from the financial sector threatened yet again to thwart a mild rally on Wall Street.
Delta Air Lines (DAL) and Northwest Airlines (NWA) are approaching a merger agreement that would create the largest airline by traffic, according to the WSJ. Both emerged from bankruptcy last year and now they are looking to join forces. Here is a look at M&A and bankruptcies in the turbulent airline industry.
Rio Tinto isn't interested in takeover bids from BHP Billiton -- or any other companies, says CEO Tom Albanese. In November 2007, BHP had offered 3.4 shares of BHP for every share of Rio Tinto. But Rio's board rejected the bid as well as a subsequent sweetened offer. The CEO explained to CNBC that in the days since the initial bid, "Our markets have gotten even stronger." Thank China.
The President of China's state-owned Chinalco remained remarkably cool under pressure during a Sydney press briefing earlier this month despite the figurative and literal glare of the media spotlight.
The Societe Generale trading scandal is in full swing, as the lawyer of jailed trader Jerome Kerviel said this week that his client should be released to be able to defned himself. Another scandal, this time involving investigations into whether rich German businessmen have been dodging taxes, has started to unfold. Read the week's European stories.
Shares of Aluminum Corp of China, or Chalco, rose more than 10 percent on Thursday on higher aluminum prices and market talk that its parent and Alcoa could raise their stakes in mining group Rio Tinto.