By Reuters Stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout. Efforts by the Greek prime minister to get the three parties in his government to accept reforms demanded by …
Tag Archive: percent
Feb
04
Viacom 1Q earnings shredded by ‘Rock Band’ (AP)
NEW YORK ? Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the “Rock Band” series of video games. Revenue was below analyst estimates, sending its stock down. Viacom earned $212 million, …
Feb
02
Amazon 4Q results, outlook sends stock lower (AP)
NEW YORK ? Shoppers spent more money online this holiday season than ever before, and yet, Amazon _the world’s largest Internet retailer_ failed to meet Wall Street’s sales expectations with its latest financial results. In a surprise, the company’s revenue fell nearly $1 billion short of Wall Street’s expectations, even as it grew 35 percent …
Feb
02
I Could Never Vote for a Rich Plutocrat like Mitt Romney (ContributorNetwork)
COMMENTARY | Mitt Romney, candidate for the GOP nomination to run against Barack Obama this year, released his tax returns today, demonstrating an approximately 14 percent tax rate, according to CNN. That outlet continues by infuriatingly insisting that Romney’s tax rate is higher than that of 80 percent of Americans. Such claims are misleading and …
Jan
30
World stocks slide as US growth data disappoint (AP)
LONDON ? World stocks turned lower on Friday after official data showed the U.S. economic recovery was not as fast as many had hoped. The Commerce Department said that the U.S. economy, the world’s largest, grew at a modest 2.8 percent in the final three months of last year. While that is the fastest growth …
Jan
30
Quest for the golden cross (Reuters)
NEW YORK (Reuters) ? January has turned out to be strong for stocks with just two trading days to go. If you’re afraid to miss the ride, there’s still time to jump in. You just might want to wear a neck brace. The new year lured buyers into growth-related sectors, the ones that were more …
Jan
28
Stocks higher on Fed promise of low rates
By The Associated Press NEW YORK ? The stock market chugged toward its highest level since last spring Wednesday after the Federal Reserve pledged to keep interest rates near zero for almost three more years. Bond yields dropped sharply, then bounced back later in the day when investors began looking more closely into the Fed’s …
Jan
27
Fed adds more punch to low-rate pledge
Larry Downing / Reuters Fed Chairman Ben Bernanke has been a dominant force in pushing for more openness at the central bank. By John W. Schoen, Senior Producer New normal, meet the new Fed. The Federal Reserve took two major new steps Wednesday to assure businesses and consumers that it intends to keep borrowing costs …
Jan
03
Winn-Dixie Stores sold to Bi-Lo for $560M (AP)
GREENVILLE, S.C. ? The supermarket chain Winn-Dixie is being sold in a deal valued at $560 million to Bi-Lo LLC, the companies said Monday, creating a huge grocery operator in the South. Shares of Winn-Dixie, which has more than twice the number of stores of its buyer, jumped over 70 percent Monday. The company had …
Dec
22
Overhead Bin – Business travel outlook: Meetings to be shorter …
By Jane Levere, msnbc.com contributor Although planning professionals expect an increase in the number of business meetings next year, they predict them to be shorter, smaller, busier and closer to home, according to a survey recently released by the meetings and events division of American Express. Among the findings from the questioned meeting planners, buyers …