As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can, the New York Times reports.
Stocks declined after a volatile session, but ended the month with the best September results in 71 years. American Express and Caterpillar fell.
Stocks declined as the session end neared as quarter-end rebalancing, and profit-taking, caused the markets to waver despite positive economic news. American Express and Caterpillar fell.
Stocks extended losses on the last trading day of the session despite a series of economic reports providing evidence of returning strength in the U.S. economy. Caterpillar and Hewlett-Packard fell, while Boeing rose.
Stocks sank in the last half hour of trading Thursday top close near the sesssion's lows amid light volume after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks sank in the last half hour of trading Thursday after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks turned positive Thursday as technology and consumer stocks gained, and banks fell, and investors absorbed another batch of mixed economic data. Alcoa and Hewlett-Packard rose, while Walt Disney fell.
Stocks climbed Monday with the S&P 500 breaking through its 200-day moving average for the first time since early August following new global banking rules and a robust Chinese factory report. Microsoft and JP Morgan rose, McDonald's and Exxon fell.
Stocks gained Monday, with the S&P 500 breaking through its 200-day moving average for the first time since early August following new global banking rules and a robust Chinese factory report. Microsoft and JP Morgan rose, Mcdonald's and Exxon fell.
Stocks rose Monday following news banks will have a phased-in timeline to meet new international bank capital rules, although gains were capped as the market reached key resistance levels. JP Morgan and Bank of America rose, Exxon and McDonald's fell.
Global markets are up about 1 percent this morning, with many banks up 3 percent on the new Basel III capital requirements. ... Still, there is plenty of concern that some banks will not even be able to make this level of implementation.
U.S. stock index futures jumped sharply ahead of the open Monday, with bank stocks across the world rallying follow details of the Basel III banking capital rules and Asia particlarly strong following a jump in Chinese industrial output.
August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.
Car rental company Avis Budget said Thursday it is raising the cash portion of its bid for Dollar Thrifty as it battles Hertz for the potential buyout.
Published reports suggest Sanofi-Aventis plans to press ahead with a formal offer for Genzyme. Also we've got details on the bid from Avis for rival Dollar Thrifty.
One possible scenario for Avis, which is far smaller than Hertz and also smaller than the company it is seeking [Dollar Thrifty] is for it to counter with the upcoming bid. While Avis is poised to give it a shot, it’s still a long one that it will come out of this winning the war.
Following are moves you might have missed. Find out why shares of Dollar Thrifty and Netflix popped while BHP Billiton and Clorox dropped.
The Dow jumped 1.3 percent Monday, its biggest gain in over two months, after some positive U.S. economic reports and details of a European financial rescue package for Greece.
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.
The Dow erased nearly all of its gains Monday, dragged down by the financial sector amid worries about financial reform. Caterpillar led the Dow's gainers, up more than 4 percent.