Archive for April, 2009

German Stocks Advance, Led by Siemens, Munich Re; Bayer Falls

By Stefanie Haxel April 29 (Bloomberg) — German stocks advanced, sending the DAX Index to the highest level in more than three months, after Siemens AG posted first-quarter profit that beat estimates and JPMorgan Chase & Co.

College to Monitor Swine Flu Developments, Caution Advised

Based on current recommendations from the Centers for Disease Control and New York State Department of Health, normal college activity should continue; …

Chrysler’s Fate Hinges On Fiat Partnership By Thursday

DETROIT -(Dow Jones)- Chrysler llc’s fate now hinges on finalizing a partnership with Fiat spa (FIATY) after the auto maker won a tentative cost- cutting deal with its debt holders Monday.

European Stocks Retreat on Bank Capital Concerns, Swine Flu

By Sarah Jones April 28 (Bloomberg) — European stocks retreated on concern that banks may need to raise additional capital and the outbreak of swine flu will hinder an economic recovery.

US Economy: Confidence Index Rises Most Since 2005

By Shobhana Chandra and Courtney Schlisserman April 28 (Bloomberg) — Consumer confidence in the US jumped by the most since 2005 this month as stocks rallied, mortgage rates dropped and Americans anticipated more jobs would become available.

Bristol-Myers reports moderately higher profit

By Val Brickates Kennedy, MarketWatch BOSTON (MarketWatch) — Bristol-Myers Squibb Co. reported moderately higher first-quarter earnings Tuesday, boosted in part by improved gross margins, but revenue fell short of Wall Street expectations.

US Stocks Trade Around Flat Line, Banks Remain In Focus

By Peter A. McKay and Geoffrey Rogow US stocks drifted between slight gains and losses Tuesday as a bounce-back for consumer and transportation stocks was offset by a slide for banks due to renewed fears that big Wall Street firms may need more capital …

Bank of America Chief in Battle to Hold His Job

By LOUISE STORY Ron Edmonds/AP Kenneth D. Lewis, Bank of America’s chief, is under fire for the acquisition of Merrill Lynch, but he may be saved by proxies wielded by brokers.

Oil, Metals, Hogs Drop on Outlook for Demand After Swine Flu

By Stuart Wallace and Chanyaporn Chanjaroen April 28 (Bloomberg) — Crude oil, industrial metals and hog futures dropped for a second day on speculation a global outbreak of swine flu will derail efforts to shore up economies, curbing demand for raw …

Housing prices’ downward spiral slows

Could there be an end in sight to the downward spiral of the housing market? For the first time since October 2007, home prices, while down, saw a deceleration in the rate of decline in some markets in February, according to the S&P/Case Shiller Home …

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