Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer and as the dollar rallied. The Dow shed 250 points, or 2.5 percent, but finished flat for the month.
Stocks tumbled Friday, giving back all of the gains from the prior session, as worries about the recovery escalated after a pair of reports on the consumer.
Friday, 30 Oct 2009 | Source: The Associated Press
Duke Energy reported Friday that sales to industrial customers has begun to stabilize, another signal that better economic conditions have led to growing power consumption.
Futures indicated a lower open for Wall Street on Friday, the last trading day of October, after the Dow experienced its best day in 3 months Thursday after GDP data showed the world's biggest economy exited recession in the third quarter.
Especially in volatile times, dividends can be a way for investors to more effectively safeguard returns. Many publicly held corporations pay out a portion of their earnings to shareholders, giving investors a payback whether the stock price goes up or down. Cramer's Rule Number Four in his "15 Rules for Playing Defense" calls these "buffers." Calculated as a percentage of share price, dividends have the potential to be cut or changed and yields vary as share prices fluctuate. For the purposes of this report, dividend yield calculations are based on trailing dividends, so dividend cuts yet to occur have not been taken into account. In fact, the #1 company on this list announced a cut in its dividend earlier this year, from $1 to $0.75, but in all likelihood it would remain in the top spot, given its current share price.
Exelon, one of the country’s largest utilities, said Monday that it would quit the United States Chamber of Commerce because of that group’s stance on climate change. It was the latest in a string of companies to do so, perhaps a harbinger of how intense the fight over global warming legislation could become.
Wednesday, 23 Sep 2009 | Source: The New York Times
Amid a growing split in the business community over climate policy, Pacific Gas and Electric, a major California utility, is withdrawing from the United States Chamber of Commerce, citing “fundamental differences” with the chamber’s approach to global warming.
Stocks struggled to stay in positive territory for any length of time Tuesday as profit-taking after Monday's blockbuster rally overshadowed a fifth-straight rise in pending-home sales.
Tuesday, 4 Aug 2009 | Source: The Associated Press
Power company Duke Energy said Tuesday that its second-quarter earnings fell as demand for power from industrial customers continues to slide because of the recession.