Financial And Forex Info | Reuters - Daily Investor Update: Late rebound on oil drop shows bulls still kicking





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Late rebound on oil drop shows bulls still kicking
NEW YORK (Reuters) - Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally. | Full Article

Oil falls from near $120 on Saudi, Gaddafi rumor
February 24, 2011 03:31 PM ET
NEW YORK (Reuters) - Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumors Libyan leader Muammar Gaddafi had been shot. | Full Article
GM shares at post-IPO low, oil risk trumps profit
February 24, 2011 02:22 PM ET
DETROIT (Reuters) - General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars. | Full Article
Toyota recalls 2.2 million more autos; U.S. ends probe
February 24, 2011 01:15 PM ET
DETROIT/WASHINGTON (Reuters) - Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side. | Full Article
Fed's Bullard says it's time to debate completing QE2
February 24, 2011 03:39 PM ET
BOWLING GREEN, Kentucky (Reuters) - A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook. | Full Article

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