Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.» Read More
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
WASHINGTON, Sept 12- U.S. retail sales rose broadly in August and consumer sentiment hit a 14- month high in September, supporting expectations for sturdy economic growth in the third quarter.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
NEW YORK, Sept 12- Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume. Shares of Hertz gained 4.6 percent to $29.03 a day after billionaire investor Carl Icahn won three board seats at the car renter.
Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
NEW YORK— Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again.
Stocks cut losses to close mixed on Thursday as geopolitical tensions lingered ahead of consumer data.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.
The "Fast Money" traders share their final trades of the day.
NEW YORK, Sept 11- Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services. In January, Verizon bought an Intel Corp venture to create a web-based TV service.
The hedge fund community appears to be salivating over Alibaba, with interest from Leon Cooperman, Dan Loeb and other major players.
Sept 11- Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would be open to selling some of its towers if the price was right.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.53. Citigroup Inc. rose$. 27 or. 5 percent, to $52.10. Goldman Sachs rose$. 54 or. 3 percent, to $180.41.
NEW YORK, Sept 11- Verizon Communications Inc Chief Executive Lowell McAdam said on Thursday that the telecoms company would open to selling some of its towers if the price was right.
JDS Uniphase, a network gear maker, will split its company into two following pressure from hedge fund Sandell Asset Management.
SHANGHAI/ HONG KONG, Sept 11- Tianhe Chemicals has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia has given it full support.
Sept 10- Network gear maker JDS Uniphase said it would split into two separate public companies as it looks to expand in the data communication market and strengthen its network business.
Bank of America Corp. rose$. 22 or 1.4 percent, to $16.36. Citigroup Inc. rose$. 57 or 1.1 percent, to $51.83. Goldman Sachs rose $2.47 or 1.4 percent, to $179.87.
Sept 10- The state of California announced on Wednesday that it had obtained a record-low yield on $2.8 billion of borrowed cash.