With the exit of Citigroup and GM from the Dow, new comers Cisco and Travelers bring some heft back into the index. As of Monday's close, the price weighted index is taking out $4.44 (combined price of Citi and GM) and adding in $61.41 (CSCO + TRV). Here's how this change will impact the weight of the remaining 28 stocks of the Dow.
General Motors' Chapter 11 filing may provide it with a clean slate as far as its finances go, but consumers will not be as forgiving as a bankruptcy court judge. The key for GM may be to convince them to try.
The ‘green shoots’ are starting to show some leaves and we’re getting more good news, said Bob Doll, vice chairman of BlackRock. He offered his favorite sectors to play the recovery.
Stocks wobbled on Friday as investors were encouraged by a jump in consumer sentiment and a less-bad GDP report, but still remained jittery. Consumer sentiment improved in May to its highest level since last September as expectations for the future surged, but worries about current conditions persisted. Experts weighed in on the these topics and more…
Last night debt-laden Toys R Us thrust itself into the high-end toy business by purchasing struggling toy chain FAO Schwarz. The two toy chains are surviving thanks in part to the financial backing of three prominent private equity firms.
Five-star fund manager Steven Romick of First Pacific Advisors criticized the level of government intervention in General Motors.
Why does the federal government remain in the business of telling cable systems what networks to carry?
Asian markets rose Wednesday to their highest level in more than seven months after a jump in U.S. consumer confidence reinforced expectations the global economy has hit a bottom, even if recovery appears fragile.
Shares of P&G led consumer staples higher after BMO Capital upgraded Procter & Gamble to ‘Outperform’ from ‘Market Perform.’ How should you game the sector?
The bulls took charge of Tuesday’s trading and sent stocks more than 2 higher. The market's gains came after four straight days of losses.
Two analysts are serving up decidedly different views on Procter & Gamble shares today, even though both agree it's time for P&G to reach into its pockets and start investing more in its business.
David Tice, portfolio manager at The Federated Prudent Bear Fund, and Jack Ablin, chief investment officer at Harris Private Bank, discussed their outlook for the economy and shared their sector likes and dislikes.
Lo and behold a couple of weeks ago, some of the channels on my TV stopped working. I realized it when I tried to watch MSNBC’s "Morning Joe", a simply must have for me first thing in the morning - great guests, good politics and economics and lots of humor.
Unemployment hit 8.9 percent in April and some predict that number could climb over 10 percent in 2009 as major companies further streamline operations to combat the recession. While some industries are more labor intensive than others, employee productivity is a key measure that managers and investors look at when evaluating performance. Take a look at which companies are squeezing the most out their shrinking workforces.
Buying no frills is an easy way for you to save money but some retailers are betting it’s an easy way for them to make money, too!
Cramer makes the call on viewers' favorite stocks.
Karen writes, "If the correction is back on, what defensive names would you recommend?"
Were you caught off guard by the recent wave of selling that swept across Wall Street? It might be time for some correction protection!
Stocks fell sharply Thursday as the Fed's lowered outlook and disappointing economic data rattled investors.
Investors have piled back into retail stocks, with many names up 50 percent or more since the latest rally began in early March. Does that mean things are starting to look up at the mall?