Japanese chipmaker Elpida Memory said on Wednesday it plans to raise its stake in a Taiwan venture with Powerchip Semiconductor to 71 percent by the year's end in exchange for debt forgiveness.
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
Stocks retreated Tuesday as weak readings on manufacturing and jobs offset a a report that showed the economy wasn't in as bad a shape as first expected over the summer.
Futures indicated a positive open for Wall Street on Tuesday, the last day of the third quarter, as European stocks rose and were set to lock in their best quarterly performance in nearly a decade.
The Dow capped another down week with a loss Friday as investors shrugged off a surge in consumer sentiment and instead focused on the fact that consumers are squirreling away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Stocks declined Friday as investors shrugged off a surge in consumer sentiment, instead focusing on the fact that consumers are squirrel away their money at a feverish pace. But techs gained after encouraging earnings from Palm.
Futures pointed to a lower open for Wall Street Friday, despite the fact that stocks in Asia and Europe rallied on the back of higher commodities and metals prices.
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
While the Burlington Northern deal is getting a lot of attention, it has not brought pre-open trading in the S&P futures into positive territory yet... Read More
At the end of September, we looked at analysts' price targets for the S&P 500 to see which stocks had the greatest expected gains in the months ahead.... Read More
Futures all over the map this morning: They popped to their highs of the morning, and have since come down, as the final numbers for second quarter GDP came in better than expected (decline of 0.7 percent vs... Read More
The Dow and S&P rallied on Monday, snapping a three-day losing streak, as a string of corporate takeovers fueled optimism that value remained in the market.... Read More