A "severe recession" worldwide will result in "harsh business conditions" for U.S. consumer products companies in 2009, says a report by Fitch Ratings.
It just goes to show you, a little attitude never hurts: Stocks clawed back all of the prior session's losses as oil hit its lowest point since May and consumer confidence improved.
It's all in the attitude today: Stocks rose after an improvement in consumer confidence. Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.
Colgate-Palmolive on Tuesday reported a 19 percent jump in quarterly profit as price increases and sales in emerging markets and North America helped offset soaring commodity costs and weakness in parts of Western Europe.
It's all in the attitude today: Stocks rose after an improvement in consumer confidence. Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.
Lehman Brothers appears to have escaped the investor panic that brought down Bear Stearns, but investment pros say it's too early to jump back into financial stocks.
Now is the time for long-term investors to jump in and build a portfolio of recognizable, brand-name companies, Robert Pavlik Chief Investment Officer Oaktree Asset Management told CNBC.... Read More