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News on the Financial Markets |
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Yahoo! News: Stock Markets News
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Stock Markets News
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IBD's Top 10 - Friday
(Investor's Business Daily)
Investor's Business Daily - 1 June crude rose $2.17 to $126.29 after hitting $127.82 on Goldman Sachs' forecast that prices will average $141 in the 2nd half. China may up imports of diesel, squeezing already tight global supplies of distillates. The U.S. will stop adding to petroleum stockpiles, bowing to heavy pressure from Congress. Retail gasoline prices neared $3.78 a gallon.
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Stocks pare losses to finish mixed after oil spikes
(AP)
 AP - Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction.
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Wall St ends flat as energy gains offset sentiment
(Reuters)
Reuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
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Stock futures up ahead of home construction data
(AP)
AP - Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month.
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Berkshire holds no Ameriprise shares: SEC filing
(Reuters)
 Reuters - Berkshire Hathaway Inc (BRKa.N),
billionaire Warren Buffett's investment company, no longer held
any Ameriprise Financial Inc stock as of March 31,
according to a U.S. regulatory filing on Thursday.
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European stocks mixed amid earnings news
(AFP)
 AFP - Europe's main stock markets diverged on Thursday as companies published mixed earnings news, and after share-price gains in Tokyo and overnight on Wall Street, dealers said.
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SEC charges Broadcom co-founders in options probe
(AP)
AP - Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.
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ING set to launch Taiwan mutual fund in South Korea
(Reuters)
Reuters - Dutch financial services group ING Groep
will launch next week South Korea's first mutual fund
investing solely in Taiwan stocks on hopes that ties between
China and Taiwan will improve and that the technology cycle is
bottoming out, an executive said.
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Treasury prices dip as stock market rallies
(AP)
AP - Treasury prices traded mixed Wednesday, after investors briefly rallied on a report showing mild April inflation but then gave up gains as stocks advanced.
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Three former U.S. SEC chairmen endorse Obama
(Reuters)
 Reuters - Three former chairmen of the U.S.
Securities and Exchange Commission endorsed Democratic
presidential candidate Barack Obama on Wednesday, bolstering
the Illinois senator's economic credentials and bipartisan
appeal as he closes in on his party's nomination.
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Three Former SEC Chairmen Endorse Obama's Presidential Bid
(Bloomberg)
Bloomberg - May 14 (Bloomberg) -- Democratic presidential candidate
Barack Obama picked up the endorsement today of three former
chairmen of the Securities and Exchange Commission, two of whom
were appointed by Republican presidents.
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BHP shares soar on China stake rumours
(AFP)
 AFP - Shares in mining giant BHP Billiton hit an all time high on the Australian stock exchange Wednesday on talk that a Chinese entity was seeking a stake in the group.
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Chinese shares rebound from losses after quake
(AP)
 AP - Chinese stocks rose Wednesday morning, rebounding from losses that came after an earthquake killed thousands of people and devastated parts of central China's Sichuan province.
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Oil demand set to ease, high prices turn on stockpiling: IEA
(AFP)
 AFP - Record oil prices and a slowdown in advanced economies are set to curb global oil demand despite growth in China and the Middle East, the IEA forecast on Tuesday, saying stockpiling was a key factor.
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JPMorgan may face SEC civil charges
(Reuters)
 Reuters - JPMorgan Chase & Co said on
Monday that it received a notice from federal regulators
indicating that one of its units may face an enforcement action
related to "the bidding of various financial instruments
associated with municipal securities."
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Global stocks rise after HSBC; dollar firmer
(Reuters)
 Reuters - World stocks rose on Monday, supported
by better-than-expected first-quarter results from HSBC which
eased concerns about the banking sector, while the dollar rose
towards last week's two-month peak.
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Wall Street looks to US consumers for direction
(AP)
 AP - With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week's data could help investors gauge the mind-set of the average consumer.
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Time Is Prime Driver With Mutual Funds
(Investor's Business Daily)
Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
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Fortress posts loss, stock price falls
(Reuters)
Reuters - Fortress Investment Group LLC
reported a quarterly loss on Thursday and its share price fell
sharply after its hedge fund business suffered in turbulent
market conditions.
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Nasdaq first-quarter profit surges on boost from OMX buyout
(AP)
AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange.
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Financial Market News 