zoo zoo

Tuesday, February 3, 2009

Stock futures up; Fed, slew of earnings eyed

Reuters - Wed Jan 28, 5:46 AM ET
(Reuters) - Stock index futures pointed to a higher open on Wall Street on Wednesday, extending recent gains, as investors braced for a slew of company results as well as the outcome of a Federal Reserve meeting.

SEC official: agency did not detect Madoff fraud

Reuters - Tue Jan 27, 10:09 AM ET
WASHINGTON (Reuters) - The Securities and Exchange Commission did not examine the advisory operations of accused financial swindler Bernard Madoff despite the firm registering in September of 2006, a top SEC official told lawmakers on Tuesday.

Tokyo stocks surge five percent

AFP - Tue Jan 27, 12:39 AM ET
TOKYO (AFP) - Japan's Nikkei stock index soared five percent Tuesday after the government said it was planning to provide public funds to companies to help them through the economic crisis.

Street braces for rush of corporate, economic data


AP - Sun Feb 1, 5:55 PM ET
NEW YORK - Wall Street is bracing for yet more reminders this week that the economy is in rotten shape. Companies from networking-gear maker Cisco Systems Inc. to media giant Time Warner Inc. are set to report quarterly results, while a steady stream of economic readings is also due. The most recent numbers from companies and the government haven't been roundly awful, but most have. That is stirring fears the economy's slide isn't slowing.

World stocks sink on profit worries


Reuters - Mon Feb 2, 7:04 AM ET
LONDON (Reuters) - World stocks hit a one-week low and the euro set a two-month trough against the dollar on Monday as nervousness grew about poor economic data and falling corporate profits in a rapidly slowing global economy.

Banking shares drag down European markets


AFP - Mon Feb 2, 7:49 AM ET
LONDON (AFP) - Europe's leading stock markets dived on Monday, dragged down by troubled banks unable to hold on to sharp gains won last week, while many traders stayed at home as heavy snowfall halted public transport

How the major market indexes fared


AP - Mon Feb 2, 5:25 PM ET
Investors worried about the recession have turned to a strategy of cherry-picking stocks — sending tech shares higher and industrials lower.