Share prices in the retail and financial sectors led US stocks to handsome gains this session. Oil prices plunged their most in four years, while speculation that Korea Development Bank might take over Lehman Brothers (NYSE: LEH) likewise boosted investor sentiment. Read More

Qwest Communications (NYSE: Q) announced that the company reached a settlement with its two unions, agreeing to raise wages by 9 percent over the next three years. Read More

The three major US stock indexes posted mixed results today, as a rise in commodity prices boosted share prices in the energy sector overcame ongoing weakness among financials. Read More

US stocks finished in the green today, with shares of energy and metal producers leading the way. Meanwhile, speculation over the prospects of mortgage giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) continued to weigh on the financial sector. Read More

US stocks tumbled for the second consecutive day. Rising wholesale prices and a further decline in housing starts weighed on investor sentiment and, combined with ongoing concerns about the health of the financial sector, proved too much for the markets to overcome. Read More

Cash Cow Western Asset Emerging Markets (NYSE: EFL) is changing its distribution policy for the pending months. Read More

US stocks tumbled today, weighed down yet again by shares in the financial sector. Speculation that the government will likely bail out mortgage giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) jangled investors’ nerves, while reports of another wave of mortgage-related writedowns at Lehman Brothers (NYSE: LEH) dashed any illusions that the credit crisis might be abating. Read More

The US Dept of Labor reported this week that consumer prices spiked to a multiyear high. Inflation, as measured by the Consumer Price Index (CPI) hit 5.6 percent for the month of July. Read More

Cash Cow Windstream Corp (NYSE: WIN) reported that revenues for the second quarter, when adjusted for its discontinued wireless business, totaled $800 million--a 2 percent decline from a year ago. Read More

The three major US stock indexes finished the day mixed, with lower commodity prices bolstering shares prices of consumer companies. News that Standard & Poor’s maintained its credit ratings for bond insurers MBIA (NYSE: MBI) and Ambac Financial (NYSE: ABK) also buoyed investor sentiment. Read More