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More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Stocks rallied on Thursday on hopes that the government's plan to shore up the financial system could quickly spark lending.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
Many retailers saw weak sales as consumer spending largely dried up after the holiday season.
The BoE got a step closer by cutting 50 bps to 1% as expected, The ECB has decided to sit the race out by keeping rates unchanged at 2%.
January retail sales are tomorrow, but the big event will be lowered earnings guidance.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Plus, a call on Fortune Brands: raise your glasses in toast, or is it a tear-down?
Stocks ended higher Tuesday, snapping a three-day losing streak, as an earnings beat from Merck and better-than-expected housing report gave the market a boost.
Dividend-paying stocks, seen as a safer bet as the market worsens, are a trickier play as companies cut or eliminate dividends to shore up balance sheets.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
Stocks had a topsy-turvy morning as investors digested a revival in pending-home sales and an earnings beat from Merck against some gloomy news out of the tech sector.
US stock index futures struggled to find direction ahead of the open Tuesday, following a mixed close for stocks Monday, as investors feared the government stimulus plan may not provide the catalyst they hoped for.
The Dow and S&P 500 fell on Monday as uncertainty about the Obama administration's plan to stem bank losses dragged down financial shares.
Stocks started off February mixed as banks took a hit from worries about the so-called "bad bank" plan, while techs got a boost from anticipation that they will benefit from government spending on tech and telecom infrastructure.
Plus, Cramer makes the call on J.C. Penney, U.S. Steel, JPMorgan Chase and more.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
Stocks started February in the red amid worries about the fate of the stimulus plan and the economy but pared their losses after a better-than-expected reading on the manufacturing sector.
Macy's announcement that they are slashing their dividend and laying off 4 percent of their workforce cost us 60 points on the Dow, but it is not a surprising announcement.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.