Category

Stocks

Nestle Loses AAA Rating From Fitch on $21 Billion Buyback

From Staff Reports And then there were three. It sounds like the title for an Agatha Christie novel, but it’s actually a commentary on the change in the top-tier of the global corporate credit market. European food giant Nestlé SA (OTC: NSRGY), the last European firm with the triple-A trifecta – Triple-A grades from Moody's […]

Read More…

Credit, Consumer Worries Slap Stocks

The credit crisis may get worse before it gets better in the coming months, as more than 2 million adjustable rate mortgages (ARMs) are ready to "re-set" – industry parlance for boosting their rates.

Read More…

Potential Battery Woes Reportedly Cause Toyota to Delay Hybrids

From Staff Reports Toyota Motor Corp. (NYSE: TM) has delayed the product launch dates of some proposed new high-mileage hybrid cars that will use lithium-ion battery technology. The Wall Street Journal said that major safety concerns relating to the new type of batteries was behind the decision. The decision is a blow to Toyota, whose […]

Read More…

Weak Jobs Report, More Credit Woes Sends Stocks Skidding

By Jason Simpkins U.S. stocks tumbled Friday – the Dow Jones Industrial Average recorded its third-worst day of the year – after an unexpected increase in the nation’s jobless rate and new revelations about the growing U.S. credit-market mess seemed to fuel concerns about the health of the country’s economy. The Dow plunged more than […]

Read More…

News Corp. and Dow Jones Reach Deal Last Night

From Staff Reports It appears that media mogul Rupert Murdoch finally has his prize. The boards of directors of Wall Street Journal parent Dow Jones & Co. Inc., and Murdoch’s News Corp. (NYSE: NWS) late yesterday were reported to have approved a deal in which News Corp. will buy Dow Jones for $5 billion in […]

Read More…

U.S. Stocks Rebound, Aided by Upbeat Profit Reports

By Jason Simpkins Following a week in which U.S. stocks posted their worst showing since March 2003, shares yesterday posted some solid gains after a day of choppy trading. After being down as much as 46 points, the Dow Jones Industrial Average reversed course and rebounded to gain nearly 93 points, or 0.70%, to close […]

Read More…

Stocks End Their Record Run

After five straight gains, and four consecutive days of record closing highs, stocks took a beating and fell yesterday because of housing worries and fears the subprime crisis could spread.

Read More…