Stocks rose on Monday, with the Nasdaq hitting a 15-month high after a healthcare reform bill advanced in the Senate and brokerages upgraded two Dow components on improving profit prospects.
Stocks mounted a broad advance on Monday after a key healthcare reform bill advanced in the Senate and brokerages upgraded Dow components Intel Corp and Alcoa Inc on improving profit prospects.
U.S. pay czar Kenneth Feinberg yielded on Monday to pleas from American International Group to modify terms for a top employee the embattled insurer said was vital to its regaining stability.
U.S. stocks climbed on Monday, with the S&P 500 and Nasdaq eyeing new year highs, lifted by the healthcare sector after a Senate bill advanced that omitted some provisions opposed by the industry.
Three more media companies, including broadcaster Citadel Broadcasting , have filed for bankruptcy, brought low by the drop in advertising revenue and crushing debt loads.
Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.
The last time the world had a look at Twitter's financial books, the company was targeting a meager $400,000 in revenue for the third quarter of 2009 and $4 million in the fourth quarter.
Healthcare shares rose on Monday as a bill to reform healthcare passed the first critical test in the Senate, without many of the provisions, such as a government-run health insurance option, that investors most feared would hurt profits.
General Motors Co said on Monday it had hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, filling a key position with the automaker's highest-profile hire since its July bankruptcy.
Look for Final U.S. GDP numbers on Tuesday (2.8%Q/Q, 0.5% Price Index), followed by Existing Home Sales (6.31M) and the House Price Index (0.2%M/M).
Charles Evans, president of the Chicago Federal Reserve Bank, said on Monday he expects the U.S. economy to grow 3.0 to 3.5 percent over the next 18 months, but that low inflation will give the central bank room to keep monetary policy easy for an extended period.
Charles Evans, president of the Chicago Federal Reserve, said on Monday he expects the U.S. economy to grow 3 to 3.5 percent in 2010, but that low inflation will give the central bank room to keep monetary policy accommodative for an extended period.
U.S. stocks gained more than 1 percent on Monday, buoyed by the healthcare sector after a Senate bill advanced that had been stripped of provisions deemed detrimental to health insurers and other companies.
Walgreen Co gave investors reasons to question its drugstore overhaul strategy on Monday with muted comments about its success, overshadowing a better-than-expected jump in quarterly profit.
Stocks gained more than 1 percent on Monday, buoyed by healthcare shares, after a Senate bill advanced which had been stripped of provisions seen as detrimental to health insurance and other companies.
Earlier this week, I received an email from an acquaintance of mine, asking me (and about 75 others also copied on the email) for help in his job search.
The Fed Reserve Bank of Chicago said on Monday its gauge of the national economy rose but still remained stuck in negative territory in November, suggesting a resumption of below-average U.S. growth.
Egypt's fixed-line monopoly Telecom Egypt (ETEL.CA) (ETELq.L) will need to provide mobile services to compensate for declining landline subscriptions, a company executive was quoted on Monday as saying.
Stocks rose on Monday after health-care overhaul passed a crucial test in the Senate and as aluminum producer Alcoa announced an overseas deal and a brokerage upgraded its stock.
India, the world's fastest growing mobile market, plans to start auctioning third-generation wireless spectrum as scheduled from Jan. 14, Telecom Minister Andimuthu Raja said on Monday.
Dubai World , faced with a $22 billion debt restructuring, told creditors it had $40 billion in total debts and will pitch a standstill proposal in mid-January, a banking source said on Monday.
Sanofi-Aventis is to buy U.S. consumer healthcare group Chattem Inc for around $1.9 billion, in a deal which will give the French drugmaker over-the-counter presence in the huge United States market.
World's No. 2 memory chip maker Hynix Semiconductor Inc is seen capable of spending a higher-than-expected 2.3 trillion won ($2 billion) in capital expenditures next year, its top shareholder KEB said on Sunday.
Oil held firm above $73 a barrel on Monday after a 1 percent rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, reducing tensions between two major crude exporters.
Wall Street was set to open higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors and after brokerages upgrades on Alcoa and Intel.
Relief agencies have been hit by the global recession and falling donations, forcing them to cut jobs and to scale back or slow aid projects, and experts warn they may have to take more extreme measures.
Stock index futures rose on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
Dubai World , which met its creditors on Monday, said it would work with lenders to seek a debt standstill in an orderly way and will get government financial support if an agreement is reached.
Stock index futures were higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
State-owned Dubai World did not ask creditors for a standstill on its $22 billion debt at a meeting on Monday, adding to uncertainty for investors who have been in the dark for weeks and hurting local bank shares.
