US stocks sank lower today, as a disappointing earnings report from United Parcel Service (UPS) signaled that rising fuel costs and a sluggish economy could have a similar affect on companies in other industries. Read More
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Reports that struggling savings and loan Washington Mutual (NYSE: WM) is closing in on a deal to obtain $5 billion in capital spurred US stocks to initial gains. But anxieties over upcoming earnings reports tempered investor sentiment, eroding gains and leaving the three major indexes with mixed results. Read More
US stocks spent the day mired in the red, as minutes from the last Federal Open Market Committee meeting revealed that some Federal Reserve officials are concerned about “a prolonged and severe recession.” Disappointing quarterly earnings from Alcoa (NYSE: AA) and Advanced Micro Devices (NYSE: AMD) likewise dampened investor sentiment. Read More
Individual investors are sometimes reduced to shark bait. You may think we’re the real owners of the companies in which we invest. But for whom does management really work? Read More
Reports that struggling savings and loan Washington Mutual (NYSE: WM) is closing in on a deal to obtain $5 billion in capital spurred US stocks to initial gains. But anxieties over upcoming earnings reports tempered investor sentiment, eroding gains and leaving the three major indexes with mixed results. Read More
US stocks finished the day mixed, shrugging off news from the Labor Department that the unemployment rate had reached 5.1 percent—the highest level since September 2005. Today’s results were enough for each of the three major indexes to end the week in the green. Read More
We have more bad news from Growth Portfolio Nibbler Centerplate (AMEX: CVP). The company announced it didn't make the cut to continue its operations at Yankee Stadium past December 2008; this season, New Yorkers will still enjoy the company’s hotdogs and beverages, but not next year. Read More
There’s now a plan to get Thornburg Mortgage (NYSE: TMA) back up and running, but common shareholders won't own the bulk of the company. Read More
US stocks endured another volatile day of trading, as the three major indexes managed to inch their way into the green after seesawing up and down. A strong showing by commodity producers enabled the market to recover from earlier news that unemployment claims and delinquencies on consumer loans had jumped. Read More
Yesterday’s impressive gains failed to carry over to today, as the three major stock indexes spiraled lower. Federal Reserve Chairman Ben Bernanke acknowledged for the first that a recession might be possible, delivering a sharp blow to investor sentiment. Read More