Stock
U.S. stocks open lower on profit drop
October 18, 2007U.S. stock indexes opened lower Thursday as weak reports overshadowed strong showings. The Dow Jones industrial average was off 53.65 points, or 0.39 percent, at 13,838.89 in early trading. The Nasdaq composite was down 16.88 points, or 0.60 percent...
SEC questions Countryside CEO stock sale
October 18, 2007The U.S. Securities and Exchange Commission reportedly has opened an informal investigation into stock sales of the chief executive of Countrywide Financial. At issue was said to be the timing of the sales which allowed Angelo Mozilo, the Countrywide...
Australian stocks recover from slump
October 18, 2007The Australian share market shook off a string of losses Thursday and finished 1.3 percent up at the close of trading. The All Ordinaries Index added 85 points to 6,781 while the ASX 200 improved 88 points to 6,768. The big banks led the recovery...
- October 18, 2007
Two major U.S. stock indexes closed up while a third finished down Wednesday, as investors reacted to news about Iraq and two domestic economic indicators. The Dow Jones industrial average fell 20.40 points to finish at 13,892.54, a drop of 0.15 percent...
Securities and Exchange Commission probes Countrywide exec
October 18, 2007The U.S. Securities and Exchange Commission is looking into stock sales by Countrywide Financial Corp. chief Angelo Mazilo, it was reported Wednesday. Citing people familiar with the matter, The Wall Street Journal said the SEC has opened an informal...
U.S. stocks end down on housing, oil fears
October 17, 2007U.S. stock indexes closed down Tuesday on growing fears a protracted housing crisis and record-high oil prices would hurt the economy. The Dow Jones industrial average fell 71.86 points, or 0.51 percent, to close at 13,912.94. The broader Standard...
Shanghai index closes above 6,000
October 16, 2007China's benchmark Shanghai Stock Exchange Composite Index closed above 6,000 for the first time Monday. The most commonly used indicator of the exchange's market performance closed up 126.82 points, or 2.2 percent, to close at 6,030.09. It reached...
U.S. stocks down on Citigroup earnings
October 16, 2007U.S. stock indexes closed down Monday on Citigroup Inc.'s big income slump and the creation of a large U.S. fund to buy bonds when other investors avoid them. The Dow Jones industrial average was down 108.28 points, or 0.77 percent, to close at 1...
Fox launches 'anti-Wall St.' biz channel
October 15, 2007Rupert Murdoch's News Corp. on Monday launched Fox Business Network in New York as a "Main Street" alternative to General Electric Co.'s CNBC business network. "I throw $2 in every time I say something like 'basis point,'" correspondent...
U.S. stocks fall on Citigroup earnings
October 15, 2007U.S. stock indexes were lower Monday morning after Citigroup Inc. posted a 57 percent slump in third-quarter net income. The Dow Jones industrial average lost 44.31 points, or 0.31 percent, to 14,048.77 in mid-morning trading. The broader Standard...
