A parade of positive earnings led the stock market to its best gain in two weeks. The Dow surged 256 points. The S&P 500 rallied 30 points. The Nasdaq jumped 64, a gain of 2.8 percent. Intel sparked the tech buying spree one-day after it posted slightly better-than-expected sales and provided an upbeat outlook. Coca-Cola also beat analysts targets as a weak dollar boosted international sales. Intel rallied nearly 6 percent. Coca-Cola posted a small gain. JP Morgan Chase added to the market's overall bullish tone. First quarter profits fell 50 percent from a year ago, but that was still better than expected. The No. 3 U.S. bank also took much smaller write-downs than its peers. Results like that will help shift the negative sentiment surrounding the financials, according to Art Hogan, chief market strategist at Jefferies. SOUNDBITE: Art Hogan, chief market strategist, Jefferies (english) saying: "If you are an investor that's not avers to a lot of risk this...
Global stock markets collapsed under the weight of rising recession fears. But the Nasdaq was hardest hit. The tech-heavy index had its sharpest one-day point drop since the markets reopened after...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
While consumers in the United States struggle with rising fuel prices, Venezuela's gasoline the cheapest in the world at 12 cents per gallon. Venezuelan President Hugo Chavez, a fierce...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 )...
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
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