Latest News
- 10/31/2011 HP to keep PC arm: Hewlett-Packard (HP) Co. announced on October 27 that it has decided to keep its personal computer division.
- 10/31/2011 Consumer sentiment picks up in October: Consumer sentiment picked up in October, with the Thomson Reuters/University of Michigan final index of consumer sentiment rising to 60.9 from 59.4 September.
- 10/31/2011 Consumer spending increases 0.6 percent in September: U.S. consumer spending increased in September, which helped the country's economy to avert a double-dip recession.
- 10/27/2011 Jobless claims drop in US: A Labor Department statement released on October 27 indicated that jobless claims dropped during the week that ended on October 22.
- 10/27/2011 GDP growth almost doubles in Q3: Third quarter Gross domestic product (GDP) growth in the United States was almost twice that of growth in the second quarter, buoyed by increases in personal and business spending.
- 10/27/2011 U.S. equity markets rally amid announcement of plan to recapitalize European banks: U.S. equity markets rallied on October 26 as European leaders announced a recapitalization plan.
- 10/26/2011 Corporate purchases of durable goods rise in September: Corporate spending on certain durable goods rose in September, indicating that the U.S. manufacturing sector is expanding.
- 10/25/2011 USDA expects food inflation as high as 4.5 percent for 2011: The U.S. government increased its forecast for 2011 food inflation in October.
- 10/25/2011 U.S. equity markets plunge after release of negative economic reports: U.S. equity markets plunged on October 25 after several economic reports were below forecasts.
- 10/24/2011 U.S. equity markets rise amid merger announcements: U.S. equity markets rallied on October 24, almost eliminating the deprecation experienced in the S&P 500 index this year, amid merger announcements.
- 10/21/2011 Cargolux Airlines International SA receives first Boeing 747-8 Freighter: Moog, a supplier to Boeing, recently released a statement indicating that Cargolux Airlines had been the first customer to fly the new 747-8 Freighter at Boeing's Paine Field in Everett, Washington on October 12.
- 10/20/2011 Blackstone Group announces Q311 results: Private equity firm Blackstone Group LP (BX:NYSE) announced its third-quarter results in a statement released on October 20.
- 10/20/2011 ING educating customers in tandem with National Save for Retirement Week: In a statement, ING announced that in tandem with National Save for Retirement Week, it is educating customers and providing investment tips, which include consolidating individual retirement accounts (IRAs).
- 10/20/2011 The Philly Fed diffusion index gains in October: The Philly Fed diffusion index rose in October, experiencing its highest rate of growth in six months.
- 10/20/2011 Morgan Stanley third quarter profits exceeded predictions: Morgan Stanley reported third-quarter earnings on October 19 that exceeded analyst expectations.
- 10/19/2011 Apple earnings fall short of analyst estimates for first time in years: On October 18, Apple Inc. (AAPL:NASDAQ) reported earnings that fell short of analyst expectations.
- 10/19/2011 Yahoo third quarter earnings beat forecasts: Yahoo! Inc. reported Q311 earnings that beat forecasts.
- 10/18/2011 September wholesale prices incur largest cost increase in five months: Wholesale prices rose at the fastest clip in five months during September.
- 10/18/2011 Bank of America releases Q3 earnings report: Bank of America reported its earnings for Q3 2011 on October 18.
- 10/18/2011 Goldman Sachs reports second quarterly loss in 12 years: Goldman Sachs reported its Q3 earnings on October 18, which revealed its second quarterly loss since the company went public in 1999, according to The New York Times.
- 10/17/2011 Citigroup Inc. Q3 profit gains 74 percent: Citigroup Inc. announced on October 17 that its profit gained 74 percent, which surpassed the estimates gathered from analysts.
- 10/17/2011 Wells Fargo Q3 net income rose 21 percent: Wells Fargo reported in a statement that its Q3 net income rose 21 percent to reach a record $4.06 billion, or 72 cents per diluted share.
- 10/17/2011 U.S. industrial production edged up in September: Industrial production in the United States edged up in September amid an increase in demand for computers and automobiles, after showing very little change in August.
- 10/14/2011 Google reports earnings above expectations: Google Inc. reported earnings and sales that surpassed estimates amid increasing ad revenue.
- 10/14/2011 Retail sales experienced larger-than-expected gain in September: Equity markets gained on October 14 as a Commerce Department report indicating September's retail sales increased more than expected.
- 10/14/2011 U.S. consumer sentiment drops in October: The Thomson Reuters/University of Michigan's index of consumer confidence dropped to 57.5 in October from 59.4 in September.
- 10/13/2011 JPMorgan's profits drop by one-third: JPMorgan Chase & Co., which is the United States' second-largest bank, reported on October 13 that its Q3 profits dropped by 33 percent.
- 10/12/2011 Deadline approaches for Roth IRA recharacterization: The deadline for individuals who are looking to recharacterize or "do-over" their Roth investment retirement account (IRA) conversions is fast approaching.
- 10/12/2011 Van Eck Global initiates Dim Sum bond ETF: Investment management firm Van Eck Global announced on October 12 that it is launching an exchange-traded fund (ETF) based on Chinese debt securities that are traded in the "Dim Sum" bond market.
- 10/12/2011 Hiring increased in August and listed job listings dropped: Department of Labor (DOL) data released on October 12 indicated that hiring rose in August and the number of job listings advertised decreased.
- 10/11/2011 Business confidence in U.S. companies rises slightly: Recent data indicates that the confidence of small companies headquartered in the U.S. rose slightly in September, which has been interpreted as meaning that these organizations are more optimistic about the future of the economy.
- 10/11/2011 Equities and commodities decline on European debt concerns: Nervousness surrounding the Slovakian vote on whether to enhance the European Financial Stability Facility caused equity markets and commodities to decline on October 11.
- 10/10/2011 White House plan seeks to attract foreign investment to United States: The White House is turning to boosting foreign investment as a means of creating jobs in the United States.
- 10/10/2011 U.S. equity markets rally on Europe hopes: U.S. equity markets rallied on October 10 as the heads of both Germany and France committed to present a plan for alleviating Greece's debt problems within three weeks.
- 10/10/2011 Samsung's Q3 earnings report exceeds analyst expectations: Samsung Electronics Corporation reported profit on October 6 that exceeded the expectations of analysts amid strong demand for Galaxy smartphones.
- 10/10/2011 Consumer credit dropped $9.5 billion in August, largest fall in more than a year: A recent report released by the Federal Reserve indicated that consumer credit fell by $9.5 billion in August, which was the largest drop in more than a year.
- 10/07/2011 U.S. jobs report shows payroll growth beat expectations: A recent Department of Labor (DOL) report indicates that the U.S. economy added 103,000 jobs in September, which was better than economist estimates.
- 10/07/2011 Global equities rally amid progress on European debt crisis: Global stock markets rallied on October 6 after European leaders took action to contain the region's debt crisis.
- 10/07/2011 Rise in U.S. jobless claims is less than forecast: Jobless claims experienced a less-than-expected increase during the week of September 26.
- 10/07/2011 Federal Reserve has sold $8.87 billion worth of treasuries under Operation Twist: The Federal Reserve Bank has sold $8.87 billion in short-term securities under its new plan, named Operation Twist.
- 10/06/2011 Positive ISM services data causes stock rally: Stock indices in the U.S. increased on October 5 after the Institute of Supply Management (ISM) released data on its index of service industries.
- 10/06/2011 ETFs can help achieve diversification crucial to optimal returns: Diversification, which involves investing in assets that do not correlate with each other, is crucial to achieving optimal returns.
- 10/05/2011 Capital goods orders in August experience highest increase in three months: Capital equipment orders rose in August by the largest amount in three months.
- 10/04/2011 Crude oil falls to its lowest level in more than a year on global economy concerns: New York Mercantile Exchange (NYMEX) oil futures fell 3.4 percent during trading on the morning of October 4 to reach their lowest level in more than a year as concerns about the global economy turned investors away from riskier assets.
- 10/04/2011 Apple's shares drop 5 percent after new iPhone 4S is unveiled: Shares of consumer product maker Apple Inc. (AAPL:NASDAQ) dropped 5 percent after the iPhone 4S was revealed.
- 10/03/2011 Options trading rose 30 percent in September: The Options Industry Council (OIC) released a statement on October 3 which indicated that the total volume of options trading was 391,246,939 contracts.
- 10/03/2011 ISM index reading better-than-expected in September: U.S. manufacturing activity was better than expected in September, according to the Institute for Supply Management (ISM).
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