Category Archives: Finances
Stocks Turn Positive
U.S. stocks battled back from intraday losses Wednesday to add to the previous day’s powerful gains as investors scrutinized a new European lending facility for euro-zone banks and shrugged off some earnings disappointments. The Dow Jones Industrial Average inched up 4.16 points, or 0.03%, to 12107.74, erasing a decline of as many as 104 points … Continue reading
Banks Pull Stocks Lower
How have the global markets responded to the death of North Korea’s Kim Jong Il? Dow Jones Newswires Markets Reporter Brendan Conway weighs in. Stocks fell Monday after European Central Bank President Mario Draghi made cautious comments on the state of Europe’s economy and as bank stocks sagged in expectation of tighter capital standards. The … Continue reading
Can Annual Reports Save Lives?
Buried deep in the 849 pages of last year’s Dodd-Frank financial-overhaul law is a provision that has begun turning financial regulators into a human-rights police force. It also gives investors something new to worry about. Alarmed by atrocities in the Democratic Republic of the Congo, Congress ordered the Securities and Exchange Commission to require companies … Continue reading
U.S. Stocks Rise
NEW YORK—U.S. stocks advanced in early trading after investors took heart from the fewest new weekly claims for unemployment benefits since May 2008.The Dow Jones Industrial Average rose 112 points, or 1%, to 11936. The gains follow a 131-point drop on Wednesday that stretched the measure’s decline for the week to 361 points, or 3%.The … Continue reading
Dow Notches Third-Straight Drop
Stocks sank for a third straight day as investors confronted a drop in the euro and steep declines in commodity prices. Jonathan Cheng has details on The News Hub. Photo: Reuters Stocks sank for a third straight day as investors confronted a drop in the euro and steep declines in commodity prices. The Dow Jones … Continue reading
Steps to Overcome Bad Debt Management
More people are having more financial problems than ever before. Bankruptcy is at an all time high. Financial stress is tearing families apart. Bad debt management is at an all time high. Several people think debt consolidation is the answer to all their financial problems. Just think… you get one loan to pay off all … Continue reading
U.S. Stock Futures Slip
LONDON—U.S. stock futures fell Tuesday, pressured by concerns about the euro-zone debt crisis, as investors awaited earnings from blue-chip retailer Wal-Mart Stores Inc. About three hours before the start of trade, futures on the Dow Jones Industrial Average were down 113 points at 11947, those on the Standard & Poor’s 500 stock index fell 15 … Continue reading
Italy Doubts Hit Stocks
U.S. stocks fell following broad declines in Europe, as investors grew cautious over Italy’s ability to implement austerity measures.The Dow Jones Industrial Average lost 32 points, or 0.3%, to 12128, in morning trading, following a surge of 260 points on Friday that closed out the sixth weekly gain in seven weeks. The Standard & Poor’s … Continue reading
Longfor Profit Rises 14%
HONG KONG— Longfor Properties Co. said its first-half net profit rose 14%, boosted by strong property sales and higher rental income, joining other Chinese property companies in reporting strong results even as Beijing launched measures aimed at cooling the residential property market. Longfor, which focuses on residential property in mainland China, said its net profit … Continue reading
Nvidia’s Profit, Share Price Rise
Nvidia Corp. reported solid quarterly results and upbeat guidance, a sign that the company is taking market share in chips for laptops and enjoying strong demand for game consoles and other products.The company’s shares surged in after-hours trading.Nvidia swung to a net profit in the second fiscal period and predicted revenues in the current quarter … Continue reading
Reliance Power Profit Flat
MUMBAI – Reliance Power Ltd. Thursday posted a consolidated first quarter net profit almost flat from a year earlier, as higher fuel costs offset an increase in electricity generation and sales. Consolidated net profit for the April-June was 1.96 billion rupees ($43.4 million), compared with 1.95 billion rupees a year earlier. Consolidated sales more than … Continue reading
Royal Bank of Canada’s Profit Rises 13%
TORONTO—Royal Bank of Canada boosted its dividend for the first time in almost four years after the largest Canadian lender’s fiscal second-quarter profit jumped 13%, reflecting its home-market dominance in retail banking, wealth management and insurance. But lower-than-expected trading revenue meant it missed analysts’ expectations. Royal Bank raised its quarterly dividend by 8% to 54 … Continue reading
Bragging Rights for REITs
Real-estate companies are expected to deliver robust second-quarter profits as office, retail and apartment landlords were able to raise rents and sign up new tenants. The expected gains come despite Europe’s debt crisis and concerns about the economy, which have rocked financial markets around the world. For the most part, real-estate-investment-trust stocks have remained above … Continue reading
Bright Days for the Bottom Line
Corporate America is still talking a good game on profits. Few companies have cut their second-quarter earnings forecasts recently, despite worries that U.S. economic growth is sputtering. And many chief executives dismiss the notion of recession returning, although they note the recovery is rocky. Corporate earnings reports for the second quarter, the first reporting period … Continue reading