S&P drops 1 percent weighed by energy, banks
U.S. stocks extended losses on Thursday, with the S&P 500 index down 1 percent, as a fall in oil's price weighed on shares in the energy sector.
Stocks fall as stronger dollar weighs
U.S. stocks fell on Thursday as a stronger dollar weighed on commodity-linked shares and a guarded outlook from Wal-Mart Stores Inc led to worries about the strength of consumer spending.
Double-dip recession can be avoided: Roubini
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that a double-dip recession can be avoided if stimulus measures are unwound properly.
Dollar gains; U.S. weekly jobless claims data helps
The U.S. dollar rallied broadly in technical trading after a weekly jobless report triggered strength in the U.S. currency and momentum pushed it further through key levels. While the dollar's early gains came against the yen after a report showed initial weekly jobless benefit claims lower than expected, dollar strength spilled over against the euro.
More news
Obama pay czar says open to competitive pay offers
The Obama administration's pay czar said on Thursday he is concerned that pay cuts he ordered at bailed out companies could hamper their ability to retain talent and would consider offers to hire new executives at competitive industry rates.
Orange boss says Web access, data recession proof
The demand for mobile Internet access and data services such as games and pictures appears to be recession proof, the global head of France Telecom's Orange mobile business said.
West Europe mobile financial services to surge-study
The market for mobile phone financial services in Western Europe will surge from almost zero to between 4 billion and 5 billion euros ($6-7.5 billion) by 2013, research firm Frost & Sullivan said on Thursday.
Geithner stresses strong dollar's global role
U.S. Treasury Secretary Timothy Geithner offered fresh reassurances to Asian nations that the Obama administration was committed to a strong dollar and to actions aimed at bolstering its value.
Fed's Plosser sees no inflation threat for now: report
The U.S. economy is in much better shape but risks remain, although there is no near-term inflation threat, a top Federal Reserve official said on Thursday.
Intel-AMD settlement won't change NY suit-source
The settlement agreement between Intel Corp and Advanced Micro Devices Inc does not change a lawsuit filed against Intel last week by New York Attorney General Andrew Cuomo, a source familiar with the matter said.
Rural U.S. towns struggle as big employers shut down
After more than an hour talking about how awful business has been of late, Pete Van Straten, 52, jerks a thumb at the telephone sitting on the desk behind his younger brother, George.
Obama to hold jobs summit to battle unemployment
President Barack Obama, facing a 10.2 percent U.S. unemployment rate, will announce on Thursday plans for a jobs summit in December, an administration official said.
Stocks mixed after Wal-Mart forecast; Nasdaq up
The Dow and the S&P 500 indexes were flat to slightly lower on Thursday, threatening to snap a six-session rally for the Dow, after a Wal-Mart Stores Inc forecast sparked concerns about consumer spending.
Wall St turns higher on tech shares, Intel
The Dow and S&P 500 indexes turned positive in early trading on Thursday, led by gains in technology stocks, erasing losses shortly after the open.
Stocks set for lower open after Wal-Mart outlook
Wall Street was set to open lower on Thursday as a weak holiday quarter forecast from retail giant Wal-Mart Stores Inc sparked concerns about consumer spending, threatening to break a six-session rally for the Dow.
Oil falls below $79; U.S. inventory in focus
Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks and a rise in the dollar from 15-month lows outweighed an IEA report that said global oil demand will return to growth this quarter.
Stock futures briefly pare losses after jobs data
U.S. stock index futures briefly pared losses on Thursday after weekly jobless data showed the number of U.S. workers filing new benefit claims fell for the second week in a row.
Rising jobless casts shadow over world trade - Lamy
Rising unemployment is the biggest threat to free trade and could spark greater protectionist policies around the globe, the head of the World Trade Organisation said on Thursday.
New jobless claims fall for second week
The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market.
EURO BONDS- CEDC, Criteria Caixa, EBS, BAT, Intesa Sanpaolo
News, details on corporate bond issues in the European markets on Thursday:
Stock futures down as Wal-Mart outlook weighs
U.S. stock index futures fell on Thursday as an earnings forecast from retail giant Wal-Mart Stores Inc sowed doubt about consumer spending for the rest of 2009, threatening to end a six-session rally for the Dow.
IMF economists review reserve currency alternatives
Policymakers should consider ways of shifting from a dollar-centric global monetary system to one with a wider range of reserve assets and some form of insurance that would reduce reserve accumulation, IMF economists say.
UPDATE 1-Lab Research Q3 loss widens
Canada's LAB Research Inc (LRI.TO) posted a wider quarterly loss, hurt by lower revenue at its Danish operations and higher administrative expenses.
Dollar edges higher, profit taking hits euro
The dollar edged lower on Thursday, struggling with growing calls for Asian currencies to trade more freely -- effectively appreciate -- but supported by profit-taking on recent gains in other currencies like the euro.
Brazil's Cemig may buy Coelce, Ampla-report
Cemig (CMIG4.SA)(CIG.N), the Brazilian power utility controlled by Minas Gerais state, may spend up to 3 billion reais ($1.7 billion) to buy control of rivals Coelce and Ampla, O Estado de S. Paulo newspaper reported on Thursday, citing people with knowledge of the situation.
Stock futures down ahead of Wal-Mart results, jobless claims
Stock index futures fell on Thursday as investors awaited earnings from retail giant Wal-Mart after the Dow and the Standard & Poor's 500 index closed at 13-month highs in the previous session.
Gold at new record on wobbly dollar, global stocks weak
Gold rose above $1,120 an ounce to a fresh record high on Thursday, the U.S. dollar hovered near 15-month lows while shares weakened, particularly in emerging markets. Gold prices pushed to the record high in part because of dollar weakness.
U.S. looks to cut deficit with unused TARP funds: report
The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program , the Wall Street Journal said, citing people familiar with the matter.
Oil steady above $79; eyes on U.S. data, dollar
Oil held steady above $79 a barrel on Thursday as the dollar held near 15-month lows against a basket of currencies, while investors waited for U.S. government oil data for direction before taking more positions.
Soros, CIC help Longfor raise $912 million in IPO
Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.
Oil steady above $79
Oil prices were steady above $79 a barrel on Thursday, as the market awaits U.S. government oil inventory data and watches the dollar, which is flirting with 15-month lows against a basket of currencies.
China's Wen reiterates loose policy stance
China will stick to its active fiscal policy and loose monetary measures even though its economic recovery is now on more solid footing, Premier Wen Jiabao said on Thursday.
Bear Flag
A Bear Flag is a bearish continuation pattern that generally occurs after a decline in price. After a period of price consolidation in the flag, prices generally continue in the direction of the prior trend.
Bearish Descending Triangle
A Bearish Descending Triangle is a bearish continuation pattern that typically appears after a decline in price. Price consolidates briefly in the triangle and usually continues in the same direction as the previous trend.
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