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Stocks ended higher for the day on optimism over prospects of a Greek bailout package, despite several reports of economic weakness, but the gains weren't enough to erase a month of losses.
Stocks added to gains reached on optimism over prospects of a Greek bailout package, despite several reports of economic weakness, but the gains weren't enough to erase a month of losses.
Stocks gained on optimistic prospects for a Greek bailout and despite several economic reports confirming a slowdown in the U.S. economy.
Stock index futures added to strong gains after a disappointing reading on home prices that came in largely as expected, as investors appeared to focus on optimism the European Union would be able to craft a new bailout agreement for Greece.
The money manager Martin D. Sass loves a good bargain. He snapped up his 1995 Donzi motorboat after it had been repossessed from its previous owner. He made a take-it-or-leave-it offer for a home on Long Island that had been on the market for years, only to later discover he had bought Vincent Astor’s summer home, the New York Times reports.
Stocks closed modestly higher Friday in a light-volume session ahead of the Memorial Day holiday, led by materials. However, the major averages finished lower for the fourth consecutive week.
Stocks held onto modest gains Friday in a light-volume session ahead of the Memorial Day holiday, led by materials, as commodities gained on the heels of a weaker U.S. dollar.
Stocks rallied back after paring gains in quiet trading before the Memorial Day holiday following mixed economic news on consumer sentiment and home sales.
Stock futures gained ahead of the open on the Friday before the Memorial Day holiday as the dollar fell, and after news on personal income and spending that was largely in line with expectations.
Despite "a machine gun" being taken to equity markets this year, the asset class' longer term poor performance has masked its considerable resilience, Guy Monson, fund manager at Sarasin & Partners, said.
Never mind that he was a multimillionaire. Daren Palmer was quick to carry furniture when someone in his congregation was moving. He volunteered at the church farm. He got down on his knees to clean the sanctuary. Yet this week, Mr. Palmer, 42, agreed to plead guilty to federal criminal charges that he ran a $78 million Ponzi scheme, reports the NYT.
Stocks ended modestly higher after fluctuating in the final hour of trading as investors shrugged off further evidence of a slowing economy.
Stocks fluctuated in the final hour of trading as the Dow and the S&P 500 trimmed gains, but the tech stocks fueled a gain in the Nasdaq.
Stocks slumped, led by materials, after an unexpected gain in jobless claims and after a second reading on first quarter economic growth was reported as unchanged.
When he was 17, Fred DeLuca borrowed $1,000 from a family friend to start a sandwich shop, with the goal of paying for college. That was in 1965. Today, his humble shop — Subway — is the largest sandwich franchise in the world, with 34,000 locations in 94 countries and sales of more than $13 billion in 2009 alone. Much of that growth is thanks to franchising.
Stock index futures lost steam after a gain in jobless claims and after a second reading on first quarter economic growth was reported as unchanged.
A group of Canadian banks and pension funds said on Wednesday it will take its C$3.6 billion ($3.7 billion) bid for TMX Group directly to shareholders after the exchange operator rejected the bid in favor of a friendly offer from the London Stock Exchange.
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.
The anti-corruption group Global Witness says it has obtained a document that details for the first time the involvement of Western banks—including some in the U.S.—in financing the regime of Libyan leader Moammar Gaddhafi.
Stocks ended modestly higher, snapping a three-day losing streak thanks to news that gasoline demand was stabilizing, and as investors shrugged off weak economic news.