AT&T is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former CEO of the company's wireless segment.» Read More
Charlie Smith sees long-term opportunities in American companies -- but says keep your distance from consumers. Meanwhile, here's what to buy.
President Bush praised Congress Friday for moving forward on a bill giving permitting government eavesdropping in the war on terrorism, saying "it will help our intelligence professionals learn enemies' plans for new attacks."
The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend;
The surging popularity of smart phones and the faltering economy are putting the squeeze on traditional landline telephone service providers. So Christopher Larsen of Credit Suisse sees opportunity in wireless.
The Royal Canadian Mounted Police brought criminal charges against former Nortel Networks Chief Executive Frank Dunn and other onetime executives, accusing the men of fraudulently misstating the telecom equipment maker's results.
Following are the day’s biggest winners and losers. Find out why shares of Hess and GameStop popped while Verizon and Coca-Cola dropped.
Stocks finished mixed amid volatile oil prices and a weak manufacturing report from the Fed.
As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
It might be possible to use analysts as contrarian indicators. Have you noticed how many analysts have suddenly gotten all gloomy over their space, even though they have taken down numbers
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
Stocks opened lower on Wall Street Monday as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
S&P futures dropped about 5 points as the New York Empire State Index was notably weaker than expected and has been down 4 of the last 5 months, then dropped again on oil. The most important issues this week:
Plus, what happened to your crusade against the uptick rule?
AT&T will suffer lower earnings this year and next year as it plans to subsidize the price of the latest iPhone from Apple in a bet it can help it boost data services and steal customers.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
The Dow plunged more than 400 points as the sharpest jump in the unemployment rate in more than 20 years and rocketing oil prices sparked concerns about stagflation. Oil jumped more than $11 a barrel to close at a record $138.54.
Actually, there's a better way to play the Verizon Wireless buyout.
Stocks rose the most in more than a month on Thursday with the Dow making a triple digit advance. What's the "Word on the Street?"
Stocks rallied, with the Dow ending just shy of its session high, after an unexpected drop in jobless claims and solid sales reports from some retailers including Wal-Mart. A credit-rating downgrade on bond insurers spurred a quick dip but stocks quickly bounced back. Oil closed near $128 a barrel.