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Fiscal Cliff Concerns Subdue Markets
Following a climb of up to 81 points, driven by the Fed's announcement that it would keep interest low and extend its $85 billion a month bond-buying plan, the Dow Jones industrial average ...
Walter to Replace Schapiro as SEC Chairperson
As Mary Schapiro prepares to leave her position as the 19th Chairperson of the SEC – U.S. Securities and Exchange Commission – on December 14, her performance in terms of successes and ...
Looming ‘Fiscal Cliff’ Batters Consumer Confidence
The new buzz-words on Wall Street – 'fiscal cliff' – are being used to describe the automatic tax increases and spending cuts which are set to come into effect on January 1, 2013. As the ...
Investors Support Home Repair Companies in Wake of Hurricane Sandy
On its first day of trading following the two-day shutdown caused by Hurricane Sandy, Wall Street closed relatively unchanged on Wednesday, with the Dow Jones losing 10.75 points (0.08 ...
Bank of America Posts Q3 Profit, Merrill Lynch Average Adviser Productivity Drops
With earnings of $340 million in the third quarter of 2012, Bank of America made a narrow profit, beating Wall Steet analysts' predictions that the financial giant would post an 11 cent per ...
HP Results and Outlook Disappoint Investors
Wednesday on Wall Street saw the three major US stock indexes – the Dow Jones industrial average, Standard and Poor's 500 and Nasdaq composite – lift initially, buoyed up by ...
2012 DJSI Review Results Announced
Launched in 1999, and managed jointly by the Dow Jones Indexes and Sustainable Asset Management, the Dow Jones Sustainability Indexes (DJSI) offer a benchmark for measuring the ...
Weak Global Economy Reflected in FedEx Earnings
News on Wall Street on Wednesday included the earnings forecast cut by FedEx, causing the company’s stock to fall $2.54 to $85 – a drop of 2.9 percent. As the world's second-largest package ...
Wall Street Boosted by FOMC Minutes
Wall Street responded positively on Wednesday to minutes from the July 31-August 1 meeting of the Federal Open Market Committee that indicated the central bank may be prepared to launch ...
High-Speed Trading Back in the Spotlight
In days gone by, the floor of the New York Stock Exchange was crowded with market-makers and other specialists trading, creating a hive of activity and a buzz of excitement. Technology has ...
Call for Break-Up of Big Banks
While Sandy Weill's new take on big banking is a striking U-turn from his previous position, analysts point out that his acknowledgement that scrapping the Glass-Steagull separation of ...
Benchmark Interest Rate Under Scrutiny
While the recent Libor (London Interbank Offered Rate) scandal, resulting in a record £290-million fine being imposed on Barclays Plc and the ousting of CEO Robert Diamond, was initially ...
