Fed plan boosts Dow, S&P as Cisco sinks Nasdaq (Reuters)
Reuters - The Dow and S&P 500 gained on Tuesday on optimism that the Federal Reserve’s latest rescue package could revive the sagging housing market and free up consumer lending.
Economic worry and profit-taking drag on stocks (Reuters)
Reuters - Stocks lost more ground on Tuesday, sending the Nasdaq down more than 1 percent, as concerns about the deepening economic downturn drove a sell-off in technology shares and investors followed up two days of steep gains by taking profits off the table.
Wall Street flies after government rescues Citi (Reuters)
Reuters - Stocks soared on Monday, capping the best two-day run since the aftermath of the 1987 stock market crash, as the government’s decision to rescue Citigroup spurred an enormous relief rally.
Market leaps 5 percent on Citi aid; Obama eyed (Reuters)
Reuters - Stocks extended gains on Monday, sending the S&P 500 up more than 5 percent, as a government rescue of Citigroup calmed jittery investors and President-elect Barack Obama officially announced his economic leadership team.
Wall Street rebounds on reported Treasury nomination (Reuters)
Reuters - Stocks surged on Friday to cap another volatile week as investors greeted with relief reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, lifting a major uncertainty from markets.
BofI Holding, Inc. Increases Stock Buyback Authorization
SAN DIEGO, CA–(Marketwire - November 21, 2008) - Chairman Jerry Englert of BofI Holding, Inc.
(NASDAQ: BOFI) (”BofI”), parent of Bank of Internet USA, today announced
that the board of directors approved an expansion of its common stock
buyback program to purchase up to an additional 500,000 shares of BOFI’s
8.3 million outstanding common shares when and if [...]
Stock swoon creates chance to ‘buy low’
The stock market’s recent struggles make now the perfect time to “buy low” and reap rewards later.
Wall St. falls as economic woes, Citi weigh (Reuters)
Reuters - U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump.
Asia stocks bounce back from 5-year low (Reuters)
Reuters - Asian stock markets rebounded from a five-year low on Friday as a variety of rumors such as China cutting interest rates later in the day prompted investors to cover short positions before the weekend.
Citigroup Considering Merger, Reports Say
Citigroup is reportedly considering a merger with financial institutions Goldman Sachs or Morgan Stanley , according to a CNBC report. Citigroup's stock is rising in after hours trading, up $0.26 to $4.97, but earlier today the stock closed down sharply…(read more)
S&P dives to lowest level since 1997 (Reuters)
Reuters - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors’ deepening economic fears drove the benchmark Standard & Poor’s 500 index to its lowest level since 1997 — completing the erasure of more than a decade of stock market gains.
Shares briefly edge up after losses (Reuters)
Reuters - Stocks briefly edged higher on Thursday after the benchmark S&P 500 index fell to its lowest level in more than six years, triggering short-covering after breaking key technical levels.
Wall Street sinks to lowest since 2003 (Reuters)
Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
Wall Street plunges to 5-1/2-year lows (Reuters)
Reuters - Stocks plunged to the lowest in five and a half years on Wednesday as investors girded for a lengthy economic downturn and U.S. auto executives predicted a far-reaching calamity without a government lifeline.
Pershing’s Ackman sets new Target plan but shares fall (Reuters)
Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
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Market plunge creates IRA opportunity
The recent stock market collapse has opened an opportunity for people who want to convert to a Roth IRA.
Lower Wall St. open seen on auto bailout woe (Reuters)
Reuters - Stocks headed for a sharply lower open on Wednesday as diminishing prospects for a U.S. auto industry government rescue added to worries about the slumping global economy.
JDSU Announces Results of 2008 Annual Shareholders’ Meeting
MILPITAS, CA–(Marketwire - November 18, 2008) - JDSU (NASDAQ: JDSU) (TSX: JDU) today announced
the results of its Annual Stockholders’ meeting held on November 12, 2008.
Stockholders approved all three proposals presented for consideration.
First, stockholders re-elected Mr. Richard T. Liebhaber, Mr. Casimir S.
Skrzypczak and Mr. Kevin A. DeNuccio to serve on JDSU’s Board of Directors
for a [...]
FONAR Responds to Diversified Lending Group
MELVILLE, NY–(Marketwire - November 18, 2008) - FONAR Corporation (NASDAQ: FONR), The Inventor
of MR Scanning, announced today that it is not interested in entering into
a merger or other agreement with Diversified Lending Group, Inc. whereby
Diversified would acquire all of the stock of FONAR Corporation.
Visit www.fonar.com for investor, product and other information.
This release may include [...]
Wall Street barrels back in late rally, led by HP (Reuters)
Reuters - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come.
Cuban responds to SEC, says no secrecy deal (Reuters)
Reuters - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.
Stocks extend losses on economic worry (Reuters)
Reuters - Stocks slid on Tuesday, with the Nasdaq falling more than 3 percent, as worries about the worsening global economic downturn hounded markets.
Economic worries, Citi weigh down Wall Street (Reuters)
Reuters - Stocks fell on Monday on concerns of an accelerating global slowdown after Japan fell into recession and Citigroup Inc, the No. 2 U.S. bank, said it would cut 52,000 jobs, far more than had been expected.
Stocks open down on economic worries (Reuters)
Reuters - Stocks opened lower on Monday after Japan became the latest major economy to slide into recession and Citigroup said it plans to cut 50,000 jobs, heightening fears the global economic slump has yet to reach its trough.
