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Showing posts with the label FOX BUSINESS : Breaking News

FOX BUSINESS: Breaking News Jobless claims fall. August 26th., 2010

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FOX BUSINESS Jobless Claims Fall New claims for unemployment benefits fell more than expected last week to 473,000, but a measure of underlying labor market trends rose to a nine-month high. THE MOST POWERFUL NAME IN BUSINESS NEWS Dell, 3Par Reach Agreement The companies have reportedly revised their merger agreement to $24.30 per share. Wall Street Points Green Stocks were trading in positive territory as jobless claims data came in better than expected. S&P: Uncle Sam Needs to Protect Rating The credit ratings company said the government needs to take steps to preserve its top AAA-rating. BHP Tries to Win Over Potash Owners The head of BHP Billiton will crank up the charm offensive with Potash shareholders. Banks Don't Want Debit Card Fee Limits The U.S. Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees. Fed in Bid to Put Bailout Ruling on Hold Apple Likely to Tout New iPods S

FOX BUSINESS: Breaking Business News: Weekly Jobless claims rise by 2000 tlast week to 484,000. August 12th., 2010

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Labor Market: Still Ugly The number of people filing new claims for unemployment insurance unexpectedly rose to 484,000 last week. THE MOST POWERFUL NAME IN BUSINESS NEWS Greece GDP Shrinks 1.5% in 2Q Is the World Broke? Analysts predict more pain for the debt-laden country as austerity measures bite. WATCH Lawmakers Brawling Over Food Stamps GM Posts Earnings of $1.3B The bailed-out automaker reported a revenue of $33.2 billion in the second quarter. | WATCH Cisco Weighs on Market Futures were pointing toward a lower open as Cisco Systems' shares fell in pre-market action. Kohl's Posts Rise in Quarterly Profit AIG Mulls AIA IPO The insurer has started talks with potential investors to sell stakes in its Asian life insurance business. Foreclosures Still Plague Housing Market Banks took over homes at a near record pace last month as more Americans fell into foreclosure.  

FOX BUSINESS: Breaking Business News .- DOW CLOSES DOWN MORE THAN 250 POINTS ON DISAPPOINTING EARNINGS, CONSUMER DATA

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Dow Down 1% for Week The Dow sank 261 points to end the week in the red as consumer sentiment and earnings weighed on investors. Citi Earnings Plunge | BofA Beats the Street WATCH   Khuzami on Goldman Settlement Consumer Sentiment Plummets in Early July THE MOST POWERFUL NAME IN BUSINESS NEWS Illinois Facing $13B Deficit Is the World Broke? With a debt rating lower than that of Portugal, Illinois is on shaky economic ground. Consumer Prices Fall for Third Straight Month What Deep Pockets You Have, Goldman Settling with the SEC could open the door for other institutional investors to seek some revenge. Apple CEO Makes His 'Case' Steve Jobs promised free cases to iPhone 4 users, attempting to quell hardware flaw rumors. Obama: Spill Problems Not Over Just Yet WATCH  PA Tests Wine Vending Machines SEC Creates Three New Units The SEC created units to focus on financial firms' complex securities and secur

FOX BUSINESS: Breaking Business News.- IMPORT PRICES DROP 1.3% IN JUNE, EXPORT PRICES FALL 0.2%. July 14th., 2010

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Retail Sales Fall 0.5% Weak sales at auto dealers and gasoline stations pushed retail sales down in June adding evidence the economic recovery is proceeding at a moderate pace. THE MOST POWERFUL NAME IN BUSINESS NEWS White House: Stimulus Saved Jobs Is the World Broke? The administration claims the stimulus package created three million jobs. Fears Grow as Millions Lose Jobless Benefits Stocks Start Mixed as Intel, Data Cancel Wall Street’s chances for a seven-day win streak were in doubt as the markets opened mixed. Import Prices Drop 1.3% in June Import prices fell made the biggest decline since January 2009 while export prices fell 0.2%. Home-Buying Applications Sink Demand for loans to purchase homes fell to a 13-year low while refinancing demand also slid. Wall Street Reform: Stage is Set Senate Democrats appeared to have nailed down the votes needed to approve a historic financial overhaul. BP Investors Hold Breath I

FOX BUSINESS: U.S. TRADE DEFICIT WIDENS TO $42.27 BILLION IN MAY, HIGHEST SINCE NOVEMBER 2008 . July 13th., 2010

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Trade Gap Widens to $42.3B The trade deficit widened unexpectedly in May, led by a big jump in imports from China. WATCH BP Installs New Oil Cap THE MOST POWERFUL NAME IN BUSINESS NEWS Moody's Cuts Portugal Is the World Broke? Moody's cut the country's rating two notches citing weak growth prospects. WATCH 5% VAT on the Way? Wall Street Green at Open The Dow opened up nearly 100 points after Alcoa's results gave investors hope for earnings season. Yankees Owner Dies at Age 80 George Steinbrenner, the legendary owner of the New York Yankees baseball team died Tuesday. Goldman May Seek Extension in Case The bank faces a court-imposed July 19 deadline to respond to the lawsuit filed by the SEC. Financial Reform: They've Got it Now The biggest rewrite of financial rules since the 1930s appeared to gain the support it needed on Monday. Olive Branch Extended to Businesses The White House told corp

FOX BUSINESS : Breaking News.- Weekly Data lift Futures. July 8th., 2010

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Jobs Data Lift Futures As traders sort through jobless and retail data, Wall Street was pointing to a green open. IMF Raises 2010 World GDP Forecast Is the World Broke? The IMF upgraded its 2010 global growth forecast, citing expansion in Asia. China Says Yuan to Remain Steady Bank of England Holds Rates Steady The Bank of England's Monetary Policy Committee kept its key interest rate at its all-time low of 0.5%. BP Dampens Hope of Early Fix Hopes of an early fix fade while a battle over a deepwater drilling ban heads to court. WATCH John Tesh Creates 'Adopt a Fisherman' Banks Face Profits Squeeze Goldman Sachs and Morgan Stanley could lose billions in revenue from fixed income trading.

FOX BUSINESS : WEEKLY JOBLESS CLAIMS UNEXPECTEDLY RISE 13,000 TO 472,000 ...¿¿ Are You Kidding Me ??... July 1rst., 2010

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Jobless Claims Rise The number of workers filing new applications for unemployment insurance rose 13,000 to 472,000 last week. Planned Layoffs Edge up in June THE MOST POWERFUL NAME IN BUSINESS NEWS Spain's Top Rating on Review Is the World Broke? Moody's is reviewing the country's top rating and could knock it two levels. WATCH What $13T Will Buy You Stock Futures Drift Lower Wall Street was stuck in the red after an rise in jobless claims and weak global data. Permanent Spill Fix Still Far Off Hurricane Alex slowed oil clean-up and containment efforts in the Gulf of Mexico. Oil Tumbles Fourth Day on Growth Worries WATCH Best City for LeBron James More Car Troubles for Toyota The auto maker is mulling working to eliminate possible engine failure in as many as 270,000 cars. Asia, European Growth Cools Off Asian and European manufacturing output growth slowed in June fueling recovery worries.

FOX BUSINESS: Breaking News.- Gloomy Finale to Ugly 2Q. July 1rst., 2010

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Gloomy Finale to Ugly 2Q Wall Street capped off its worst second quarter in nearly a decade in appropriately bearish fashion with the Dow ending at its lowest level of the year. Gerri's Two Cents What $13 Trillion Will Buy Obama Dissatisfied With Economic Growth Smith & Wesson 4Q Beats the Street Hurricane a Blow to Oil Spill Efforts | WATCH THE MOST POWERFUL NAME IN BUSINESS NEWS CBO: Debt Levels 'Unsustainable' Is the World Broke? Warnings from the CBO fan fears that the U.S. could become the next Greece. WATCH Gingrich: Clean-Energy Push Will Kill Jobs WATCH Ron Paul: More Regulation Not the Answer House Approves Regulatory Overhaul The financial-reform bill passed in the House and is expected to be voted on by the Senate in mid-July. WATCH Flaws in the Financial Reform Bill Is JPMorgan Getting Special Treatment? Fmr. AIG Exec. Defends Subprime Moves Kozlowski: U.S. in Tr

FOX BUSINESS: Breaking News .-PRIVATE SECTOR ADDS 13,000 JOBS IN JUNE. June 30th., 2010

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Hiring Still Weak Private employers added a paltry 13,000 jobs in June, compared to a revised gain of 57,000 in May. THE MOST POWERFUL NAME IN BUSINESS NEWS House Backs Homebuyer Tax Credit Is the World Broke? The House approved giving extra time to homebuyers wanting a federal tax credit. WATCH Is D.C. Headed in the Wrong Direction? Wall Street Points Green Futures were indicating a positive opening after less the stellar news from the private sector. China to Decide Google's License New Cleanup Blow: Hurricane Alex The season's first Atlantic hurricane is disrupting cleanup of BP's massive oil spill in the Gulf of Mexico. WATCH Seafood Industry on Life Support AIG,Goldman: Bad Breakup? The firms face two days of questioning about their destructive relationship that contributed to the crisis. Democrats Mount Final Reform Push Democrats could bring the sweeping bill up for a vote in the House today, w

DOW DECLINES 200 POINTS, HITS SESSION LOWS ON UNEXPECTED DROP IN CONSUMER CONFIDENCE

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Unfazed by Data President Barack Obama and Federal Reserve Chairman Ben Bernanke said the economy is strengthening and that growth must be increased to boost jobs. LIVE Kagan Confirmation Hearing THE MOST POWERFUL NAME IN BUSINESS NEWS Bank Funding Worries Intensify Is the World Broke? World stocks hit a 2-1/2 week low while oil and the euro tumbled. Consumer Confidence Skids Continued worries lack of job growth sent consumer confidence tumbling to 52.9 in June. Spooked by Data, Dow Drops 250 Points The bulls retreated as consumer data reinforced Wall Street's fears of a double-dip recession. Hurricane Alex to Hurt BP's Oil Spill Containment Home Prices Edge Up in April Driven by a final sales push before tax credits expired, single-family home prices unexpectedly climbed. Bank Reform: Getting to 60 Democrats scrambled to replace a crucial vote of support that was lost Sen. Byrd passed away.

FOX BUSINESS : Roubini : Economy Weakening Right Now. June 28th., 2010

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Markets End in Stalemate After bouncing between gains and losses throughout the day, stocks landed on the fence. 3M Sees 2Q Sales Topping Estimates Micron Technology Swings to 3Q Profit SPECIAL  Madison Square Garden Makeover WATCH MSG Gets a Facelift for $800M   Check out the new FOX Business Android app THE MOST POWERFUL NAME IN BUSINESS NEWS Roubini: Economy Weakening Right Now Is the World Broke? Economist Nouriel Roubini discusses which countries are facing a double-dip recession and sheds light on global debt woes. WATCH G20 Leaders Vow to Tackle Deficits WATCH Spending vs. Saving: The Right Strategy Court Takes Aim at Oversight Board The Supreme Court ruled that the appointment process to an auditing board formed by the Sarbanes-Oxley legislation is unconstitutional. WATCH Fmr. SEC Chair on Sarbanes-Oxley Ruling Graham: Most People Feel Kagan is Qualified NY AG Cuomo Targets Mortgage-Rescue F

FOX BUSINESS : Breaking News.-WEEKLY JOBLESS CLAIMS DROP 19,000 TO 457,000. June 24th., 2010

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Futures Point to Red Open Wall Street was stuck in reverse on renewed concerns about the economy as traders wait for jobless and durable goods data. THE MOST POWERFUL NAME IN BUSINESS NEWS Euro Zone Industry Orders Soar Is the World Broke? Euro zone industrial new orders rose in April at their fastest annual pace in 10 years. Europe Digs In on Budget Austerity Ahead of G20 BP Resumes Oil Siphon at Leak After a setback, the company resumed collecting oil from its leaking Gulf of Mexico well. Final, Frantic Hours for Bank Reform Lawmakers have waited to the last minute to sort out the most controversial provisions in the bill. No Rain, Sleet or Snow.... Hundreds of fans flocked to stores to be the first buyers of Apple's new iPhone 4.

FOX BUSINESS : Breaking News .- Obama Speaks on Spill. June 15th., 2010

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Obama Speaks on Spill In his speech to the nation, President Obama will attempt to restore faith in the government's handling of BP's oil spill. | WATCH LIVE Report: BofA Puts Limit on BP Oil Trades WATCH BP CEO to Testify Thursday Fitch Cuts BP's Credit Rating Stossel's Take From Safety Net to Hammock THE MOST POWERFUL NAME IN BUSINESS NEWS Double-Dip Recession on U.S.'s Menu? Is the World Broke? A look at whether recent gloomy economic reports mean the recovery will falter. WATCH AMA Head: 'This is a Medicare Meltdown' Euro Inspires 214-Point Rally The European cloud hanging over Wall Street gave way to economic optimism and sent the Dow higher. WATCH Tips for Boosting Your Portfolio Controller: California's Funds Are Dry California’s controller warned Gov. Schwarzenegger and other legislative leaders that the state's general fund has a cash balance of zero.

FOX BUSINESS :Breaking News.- Double-Dip Recession on U.S.'s Menu?. June 15th., 2010

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Microsoft Unveils 'Kinect' WATCH Microsoft's Dennis Durkin on the new features available for the company’s Xbox 360. LIVE Sony's Press Conference at E3 Kinect Pricing Bewilders Some WATCH Nintendo Exec. on New 3DS Full Coverage E3 Gaming Expo 2010 THE MOST POWERFUL NAME IN BUSINESS NEWS Double-Dip Recession on U.S.'s Menu? Is the World Broke? A look at whether dismal unemployment numbers and dismal retail sales numbers are a recipe for a faltering economy. WATCH AMA Head: 'This is a Medicare Meltdown' Best Buy Profit Falls Short; Shares Drop Euro Inspires 200-Point Rally The European cloud hanging over Wall Street gave way to economic optimism and sent the Dow higher. Homebuilder Sentiment Falls Post-Tax Credit BP's Latest Issue: Fitch Cuts Credit Rating LIVE  Oil Execs Get Grilled on Capitol Hill Small Banks Fight

FOX BUSINESS : Made in China Dow Soars. June 10th., 2010

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Made in China: Dow Soars Inspired by a one-two punch of export data in China and a rally for the euro, the Dow surged 273 points and recaptured the 10000 mark. EMac Regulatory Fears Stalling Recovery Stossel Tonight’s Show: Milton Friedman THE MOST POWERFUL NAME IN BUSINESS NEWS Wall Street to D.C.: Watch Your Mouth Is the World Broke? Investors should know to take politicians' financial-news rhetoric with a grain of salt. Setting Terms of Reform The congressional panel negotiating a final Wall Street reform bill convened its first meeting. | LIVE READ Financial-Regulatory Reform Bill Draft Financial Reform: A Refresher Course New 'Circuit Breaker' Rules Go Into Effect Friday BP: No Justification for Stock Plunge | WATCH Ex-Lehman CFO's Actions Questioned The investigation into Lehman's demise has begun to focus on the firm’s for

FOX BUSINESS : Breaking Business News .- June 9th., 2010

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Fiorina's Fix for California WATCH Republican Senate Candidate Carly Fiorina on why she would reject a federal bailout. Whitman, Fiorina Win California Primaries WATCH  Neil Cavuto Recaps Primary Results SLIDESHOW 10 Cities That Are Hiring Stossel's Take Protecting Us to Death THE MOST POWERFUL NAME IN BUSINESS NEWS Economic Goulash for a Ghoulish Market Is the World Broke? Hungary's recipe for rescue calls for cutting pork and adding beef, but the final product may not be filling enough. WATCH Will Slashing Spending = Job Growth? Dow Jumps Above 10000 The Dow climbed back above the 10000 mark after China said its exports surged in May. Sprint Says EVO Sales Figures Were Overstated Game Plan Oh, What a Tweet Can Spawn Economy Continues to Improve The Fed's Beige Book said the economy is growing moderately, but warned about a possible negative impact from the European debt crisi

FOX BUSINESS: BREAKING NEWS.- Futures Rebound on Earnings, Data After an earlier drop, stock futures were making gains on inflation data and retail earnings.. May 19th, 2010

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Futures Rebound on Earnings, Data After an earlier drop, stock futures were making gains on inflation data and retail earnings. Deere Profit Tops Expectations Target Posts $671M Profit The discount retailer reported a higher profit as consumers loosened their wallets for clothing and electronics. Loan Demand Sinks to 13-Year Low After the expiration of federal tax credits, demand for loans to buy homes shriveled 21%. GM Wont Pay Union Members to Leave The auto maker told the United Auto Workers it will no longer pay union employees to leave the company. Germany's Merkel: Euro in Danger The German chancellor is worried about the euro and urged speedy action to stop market 'extortion.' Euro Hits 4-Year Low vs Dollar Oil Slick Fears Spread BP continues its efforts to stem its leaking Gulf of Mexico oil well as fears mount the slick is spreading. Oil Drops to $68 a Barrel

FOX BUSINESS: Breaking News.-HOUSING STARTS JUMP 5.8% IN APRIL; PERMITS UNEXPECTEDLY FALL 11.5%. May 18th, 2010

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Euro Eats Away at Stocks The Dow dropped 115 points amid four-year lows for Europe’s besieged currency and a regulation-fueled wave of selling in the credit-card sector. Visa, Mastercard Fall on Regulatory Fears Beaten-Down Euro Falls To Fresh 4-Year Low Bob Toll Resigns as Toll Brothers CEO Housing Starts Up 5.8%  | WATCH THE MOST POWERFUL NAME IN BUSINESS NEWS SEC Proposes Stock-Halt System Regulators aim to introduce a system that would halt or slow down trades of a particular stock if its price moves 10% or more in a five-minute period. Senate Preps for Test Vote on Financial Reform H-P Beats the Street, Raises View Hewlett-Packard reported strong second-quarter results driven higher by improved sales of PCs. WATCH  Ala. Port Authority CEO on Oil Slick U.S. Says Offshore Drilling Key Despite Spill Not Your Grandfather’s FM Radio WATCH FBN’s tech expert John Quain with the latest in