The Dow fell on Wednesday after a glum profit forecast from Kraft signaled consumers are skimping even on the basics.
Stocks turned mixed Wednesday as some disappointing earnings reports cast a pall over a pair of better-than-expected readings on the economy.
Banks are again weakening midday, with all eyes on Bank of America. What's up?
Bank of America, reacting to the recent controversy over executive perks, plans to sell three of its corporate jets, sources inside the bank tell CNBC.
The President just imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Why stop with executives? Let’s slap the pay cap on any business that does work for the government, and firms that want a piece of the stimulus package, and university labs that get federal grants. No doubt the compensation critics would love to take a whack at the yawning gap between salaries in the C-suite and the factory floor.
The Obama administration is still struggling with the details of a bad bank concept that is expected to be part of a package of industry and consumer measures to be unveiled next week.
Stocks ended higher Tuesday, snapping a three-day losing streak, after strong earnings from Merck and a better-than-expected housing report lifted sentiment on the Street.
Several events came together midday to help stocks rally including a drop in the dollar about 2 PM ET, which has helped the market several times in the last couple days.
Stocks ended higher Tuesday, snapping a three-day losing streak, as an earnings beat from Merck and better-than-expected housing report gave the market a boost.
Dividend-paying stocks, seen as a safer bet as the market worsens, are a trickier play as companies cut or eliminate dividends to shore up balance sheets.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
Stocks had a topsy-turvy morning as investors digested a revival in pending-home sales and an earnings beat from Merck against some gloomy news out of the tech sector.
David Dietze of Point View Financial Services sees light at the end of the tunnel. He's cautiously optimistic about financial stocks.
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
Stocks started off February mixed as banks took a hit from worries about the so-called "bad bank" plan, while techs got a boost from anticipation that they will benefit from government spending on tech and telecom infrastructure.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
Stocks started February in the red amid worries about the fate of the stimulus plan and the economy but pared their losses after a better-than-expected reading on the manufacturing sector.
The Obama administration indicated that it will not unveil new measures to aid the financial industry until next week but will move first on the issue of Wall Street bonuses and executive compensation.