U.S. stocks pared their early gains on Friday as traders dissected mixed reports on consumer sentiment, retail sales and business inventories after a week of record-setting gains and losses on Wall Street.
Archive for the ‘The Market’ Category
Bank of America in $8.5B mortgage settlement
June 29th, 2011
satterthwaite2 Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Where the Rich Are Keeping Their Money
June 24th, 2011
satterthwaite2 Who are the rich? How are they doing and what, exactly, are they doing with their money?
Oil drops as international reserves are tapped
June 23rd, 2011
satterthwaite2 Oil plunged nearly 5 percent Thursday after the International Energy Agency said it will release 60 million barrels of oil from its reserves to make up for a loss of Libyan exports in global oil markets.
FedEx 4Q net income rises 33 percent
June 22nd, 2011
satterthwaite2 FedEx Corp. says the global economy will continue to see moderate growth as fuel and other costs subside.
Mortgage applications declined last week: MBA
June 22nd, 2011
satterthwaite2 Applications for home mortgages fell last week, after a sharp bounce the week before, as refinance demand dropped and interest rates rose, an industry group said on Wednesday.
Oil falls below $99 ahead of OPEC meeting
June 7th, 2011
satterthwaite2 Oil prices slipped below $99 a barrel Tuesday amid expectations that OPEC will raise its production quota this week.
Oil falls below $99 per barrel
May 19th, 2011
satterthwaite2 Oil dropped Thursday after an international energy watchdog expressed “serious concern” about the negative effect of higher prices on the global economy.
How the oil industry saves $4.4B a year on taxes
May 12th, 2011
satterthwaite2 Motorists are paying nearly $4 for a gallon of gasoline as the oil industry reaps pre-tax profits that could hit $200 billion this year.
Sweeping guilty verdict against Rajaratnam
May 11th, 2011
satterthwaite2 Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government’s use of aggressive tactics in prosecuting insider trading on Wall Street.



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