→ Subscribe

→  December 1, 2011

By Bernie Woodall and Deepa Seetharaman Thu Dec 1, 2011 5:27pm EST (Reuters) – U.S. auto sales rose 14 percent in November, paced by gains at Chrysler Group LLC and Volkswagen AG, as consumers returned to showrooms even without the lure of a big year-end sale. Chrysler and VW posted the highest percentage gains at […]

Wall St slips, eyes Friday’s jobs report →  December 1, 2011

NEW YORK (Reuters) – Stocks treaded water on Thursday after the previous day’s massive gains, but traders worried that recent strong data could set the market up for a selloff should Friday’s jobs report fall short of hopes. Both the Dow and the SP 500 dipped and the Nasdaq ended with a slight gain following […]

Central banks act as euro zone crisis rages →  November 30, 2011

BRUSSELS/LONDON (Reuters) – The world’s major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone’s debt crisis drove EU ministers to urge more IMF help to avert financial disaster. The emergency move by the U.S. Federal Reserve, the European Central Bank, and […]

Wall St. rallies on central banks’ help for Europe →  November 30, 2011

NEW YORK (Reuters) – Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis. The Dow posted its best day since March 2009 after the Federal Reserve, the European Central Bank and other major […]

→  November 29, 2011

WASHINGTON (Reuters) – The Federal Communications Commission granted ATT Inc’s request to withdraw its application for approval of its purchase of T-Mobile USA, an FCC official said on Tuesday.   ATT and T-Mobile USA owner Deutsche Telekom AG said last week they wanted to withdraw their application with the FCC to focus on defending their […]

Wall St up for 2nd day on brighter consumer outlook →  November 29, 2011

NEW YORK (Reuters) – The Dow and SP 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe’s fiscal mess bolstered sentiment. However, in a sign investors are still nervous about the European debt crisis, defensive sectors such as utilities and consumer […]

American Airlines Parent Company AMR Files for Bankruptcy →  November 29, 2011

Click ‘Like’ to read full article Another recession domino tumbles as AMR’s $5bln negtive balance sheet leads them into filing for chapter 11 bankruptcy protection. With a negative balance sheet of circa $5bln ┬áthe board has moved to protect its underlining assets. With the filing, American became the final large U.S. full- fare airline to […]

New home sales rise 1.3 percent in October →  November 28, 2011

WASHINGTON (Reuters) – New single-family home sales rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector. The Commerce Department on Monday said that sales edged up 1.3 percent to a seasonally adjusted 307,000-unit annual rate, […]

Wall Street gains on euro zone optimism, retailers →  November 28, 2011

NEW YORK (Reuters) – Stocks jumped about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region’s debt crisis. The rally spread across the board, with all but one issue on the SP 500 index higher. Retail stocks were among the top gainers after a trade […]

Retailers look to keep Black Friday momentum going →  November 27, 2011

(Reuters) – U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery. After featuring the usual deep discounts on Thanksgiving on Thursday and on Friday, retailers were still offering […]