Translate

Search This Blog

Search Tool




Jun 2, 2010

Daily Investor Update.Wall Street rebounds as energy shares lead June 2nd., 2010






If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Wall Street rebounds as energy shares lead
Buffett cools on credit raters in panel grilling
U.S. auto sales tick higher but caution persists
Pending home sales at 6-month high
Veteran traders blast market structure at SEC
AT&T to end unlimited use mobile data plan
Ford to eliminate Mercury brand
Banks' outlook improves but still risky: agencies
Wal-Mart CEO pushes for key international growth
Swiss committee backs UBS deal but referendum looms

Wall Street rebounds as energy shares lead
June 02, 2010 04:33 PM ET
NEW YORK (Reuters) - Stocks rallied on Wednesday as investors rushed back into beaten-down stocks, led by energy, which bore the brunt of the sell-off a day earlier.

Full Article
Buffett cools on credit raters in panel grilling
June 02, 2010 04:28 PM ET
NEW YORK (Reuters) - The Oracle of Omaha suddenly seemed short of answers.

Full Article
U.S. auto sales tick higher but caution persists
June 02, 2010 04:24 PM ET
DETROIT (Reuters) - U.S. auto sales rose about 19 percent in May, a rebound from depressed year-earlier levels that still leaves the industry sputtering at the lowest sales rate since the 1980s more than half a year into a grudging recovery.

Full Article
Pending home sales at 6-month high
June 02, 2010 02:28 PM ET
WASHINGTON (Reuters) - U.S. pending home sales hit a six-month high in April but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers.

Full Article
Veteran traders blast market structure at SEC
June 02, 2010 03:27 PM ET
WASHINGTON (Reuters) - Some veteran traders slammed the deep fragmentation and high trading speeds that dominate U.S. equity markets on Wednesday, with one saying that buy and sell orders are regularly "gamed,"

Full Article
AT&T to end unlimited use mobile data plan
June 02, 2010 02:44 PM ET
NEW YORK (Reuters) - AT&T Inc will stop offering an unlimited pricing plan for new subscribers to its mobile data services, in a move it says will cut prices for as many as 98 percent of its customers.

Full Article
Ford to eliminate Mercury brand
June 02, 2010 04:35 PM ET
DETROIT (Reuters) - Ford Motor Co will eliminate its Mercury brand which has seen sales and investment plunge in recent years, closing out a vehicle lineup created in the 1930s by Edsel Ford, the automaker said on Wednesday.

Full Article
Banks' outlook improves but still risky: agencies
June 02, 2010 02:32 PM ET
NEW YORK (Reuters) - U.S. banks are slowly working their way through a mountain of non-performing loans from the credit crisis, but dangers still abound, two credit rating agencies said on Wednesday.

Full Article
Wal-Mart CEO pushes for key international growth
June 02, 2010 11:46 AM ET
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Co international employees have been given their marching orders from the company's chief executive: Grow, grow, grow!

Full Article
Swiss committee backs UBS deal but referendum looms
June 02, 2010 11:35 AM ET
ZURICH (Reuters) - A key Swiss parliamentary committee recommended on Wednesday parliament back a Swiss-U.S. deal to end a tax row over bank UBS , increasing the chances the deal will get through.

Full Article
 
REUTERSwww.reuters.com