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The Dow closed in positive territory on Thursday, buoyed by hopes that world wide interest-rate cuts will help stave off a prolonged downturn.
A broad array of businesses across the New York region have begun eliminating jobs by the thousands as the pain of the financial crisis spreads well beyond Wall Street, says the New York Times.
Google, the Internet search and advertising giant, is increasingly looking to the energy sector as a potential business opportunity, says the New York Times.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Yahoo is expected to unveil plans to build a new facility in Nebraska on Friday, just days after the California-based Internet company announced it will cut at least 1,500 workers as it deals with the economic downturn.
Microsoft reported a 2 percent rise in quarterly profit, driven by sales of new computer server software, and lowered its full-year earnings forecasts to account for a toughening economy.
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
A rally spurred by bargain hunting fizzled Thursday as weakness in technology leaders offset strength energy-related companies.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether. The Dow shed 514.45, or 5.7 percent, to close at 8519.21. The S&P 500 lost 6.1 percent, ending at 896.78, revisiting its Oct. 10 level.
While you're lamenting the 40% drop in your 401k you might take comfort to know plenty of Wall Street's biggest whales have made lousy bets, too.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
Yahoo! CEO Jerry Yang has been unable to turn around the company's morale, says Portfolio.com
The stock market deteriorated in the final 20 minutes of trading with the Dow closing with triple digit losses.
Yahoo reported a profit that declined from last year but matched analysts' expectations. The Internet advertising firm also said it will cut 10 percent of its workforce.
Stocks sold off in the final hour of trading, an hour that has become known for wild, unpredictable swings, as a new government plan to juice money-market funds and some dismal corporate outlooks kept investors on edge.