Wall Street Week Ahead: Quest for the golden cross
By admin | January 27, 2012
NEW YORK (Reuters) – January has turned out strong for equities 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 beaten down last year. The economy is getting better, but not dramatically. Earnings are beating expectations, but at a lower rate than in recent quarters. Nothing too bad is coming out of Europe’s debt crisis – and nothing good, either – at least not yet. …
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Facebook IPO could value it among top companies
By admin | January 27, 2012
When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald’s, Amazon.com and Bank of America.
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Goldman, Berkshire names surface in Gupta case
By admin | January 27, 2012
NEW YORK (Reuters) – The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday as potential witnesses in the insider trading trial of Rajat Gupta, a former director of Goldman, Procter & Gamble and other companies. Gupta, a one-time global head of the McKinsey & Co consultancy firm, is the most prominent corporate executive charged in the U.S. government’s broad investigation of Wall Street insider trading, a probe that used secretly recorded phone conversations as evidence. His trial is scheduled to start on April 9 in U.S. …
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Bloomberg exec in talks to run New Corp’s Dow Jones
By admin | January 27, 2012
(Reuters) – Rupert Murdoch’s News Corp is in “serious talks” to poach veteran Bloomberg LP executive Lex Fenwick to run its Dow Jones publishing business, which houses the Wall Street Journal, according to two people familiar with the discussions. Fenwick, who founded Bloomberg Ventures in 2008, was previously chief executive of Bloomberg LP, taking over from the company founder Michael Bloomberg in December 2001. Wall Street Journal reported news of the talks earlier on Friday. …
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Obama administration bolsters homeowner lifeline
By admin | January 27, 2012
WASHINGTON (Reuters) – The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt. The administration said it would extend the life of the Home Affordable Mortgage Program by a year through 2013 and widen it to reach more heavily indebted homeowners. …
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A look at how some IPO stocks have fared
By admin | January 27, 2012
Facebook is preparing to file paperwork as early as Wednesday for an initial public offering of stock, according to The Wall Street Journal. Its public debut will be the most anticipated tech IPO since Google went public in August 2004.
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Twitter’s new censorship plan rouses global furor
By admin | January 27, 2012
Twitter, a tool of choice for dissidents and activists around the world, found itself the target of global outrage Friday after unveiling plans to allow country-specific censorship of tweets that might break local laws.
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GOP insiders rise up to cut Gingrich down to size
By admin | January 27, 2012
Republican insiders are rising up to cut Newt Gingrich down to size, testament to the GOP establishment’s fear that the mercurial candidate could lead the party to disaster this fall.
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Screwy Weather Makes New York Look Amazing
By admin | January 27, 2012
A look at the calendar reveals that it’s late January, but to look around New York, you’d think otherwise. Today has been an absolutely nuts weather day with a warm thunderstorm followed by an amazing sunset inspiring seemingly everybody in the city to tweet pictures.
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Earnings Preview: Pfizer to report on 4th quarter
By admin | January 27, 2012
Pfizer Inc., which reports fourth-quarter results before the stock market opens Tuesday, will tout two recent drug approvals, discuss a couple of other drugs awaiting approval and outline its revenue prospects now that it has generic competition to cholesterol blockbuster Lipitor.
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S&P cuts Jefferies, Cantor outlooks to ‘negative’
By admin | January 27, 2012
Standard & Poor’s Ratings Services on Friday lowered its outlook on Jefferies Group Inc. and Cantor Fitzgerald, saying that the brokerages’ profits could be hurt by the European debt crisis.
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Earnings Preview: US Steel to report 4Q results
By admin | January 27, 2012
U.S. Steel Corp. could shed more light on its bumpy ride through the global economic recovery when it reports fourth-quarter results on Tuesday.
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Earnings Preview: US Steel to report 4Q results
By admin | January 27, 2012
U.S. Steel Corp. could shed more light on its bumpy ride through the global economic recovery when it reports fourth-quarter results on Tuesday.
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Dow slips to first losing week of 2012
By admin | January 27, 2012
The stock market closed mostly lower Friday, capping its first losing week of 2012, after the government reported that economic growth was slower at the end of last year than economists expected.
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Romney’s forceful body language scores in debate
By admin | January 27, 2012
The hands came out of the pockets. The gaze was intense. Mitt Romney leaned confidently into the lectern.
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Obama ‘putting colleges on notice’ on high tuition
By admin | January 27, 2012
President Barack Obama fired a warning at the nation’s colleges and universities on Friday, threatening to strip their federal aid if they “jack up tuition” every year and to give the money instead to schools showing restraint and value.
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Gingrich ad labels Romney ‘dishonest man’
By admin | January 27, 2012
TITLE: “What Kind of Man?”
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Chevron, Newell Rubbermaid, Solutia are big movers
By admin | January 27, 2012
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
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Arkansas Best shares fall on weak 4Q profit
By admin | January 27, 2012
Shares of Arkansas Best Corp. tumbled Friday, after the trucking company reported fourth-quarter results that fell well short of Wall Street predictions.
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Wall Street cuts losses on late buying
By admin | January 27, 2012
NEW YORK (Reuters) – Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012. The Dow posted its first weekly loss this year, hurt Friday as Chevron Corp announced earnings that were below Wall Street’s estimates and Procter & Gamble Co cut its full-year profit forecast because of the strong dollar. But the emergence of late-day buyers was viewed positively as major averages have methodically climbed through January. …
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