Stocks surged Wednesday, with financial issues leading the way, after reports about the government's "stress tests" suggested that the major banks are better capitalized than some had thought.
Stocks tumbled Wednesday as weak earnings from Walt Disney and Kraft Foods and a selloff in the banking sector added to worries about the impact of the recession.
Dick Van Dyke thought Walt Disney wanted to see him about "Mary Poppins" because of his singing and dancing skills. But the legendary studio founder had something else in mind.
As the economy continues to look grim, the word "bankruptcy" is on the tips of more and more tongues. While being unable to pay one's creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. (Just ask Donald Trump, whose casinos have gone bankrupt twice.)
Stocks surged Wednesday, with financial issues leading the way, after reports about the government's "stress tests" suggested that the major banks are better capitalized than some had thought.
Stocks tumbled Wednesday as weak earnings from Walt Disney and Kraft Foods and a selloff in the banking sector added to worries about the impact of the recession.
Dick Van Dyke thought Walt Disney wanted to see him about "Mary Poppins" because of his singing and dancing skills. But the legendary studio founder had something else in mind.
As the economy continues to look grim, the word "bankruptcy" is on the tips of more and more tongues. While being unable to pay one's creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. (Just ask Donald Trump, whose casinos have gone bankrupt twice.)
U.S. stocks looked set for a weak open Wednesday after tech bellwether Cisco Systems issued a cautious outlook, although that report was at least partly balanced by good results from Walt Disney.
U.S. stock futures declined early Wednesday after the previous session's rally as investors reacted to a cautious outlook from tech giant Cisco Systems.
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Stocks solidified modest gains Wednesday morning, after fluctuating early on, as a better-than-expected report on productivity helped investors shake some recession fears and encouraging corporate earnings fueled some bargain hunting.
A strong reading on productivity and solid media earnings could help stocks rebound Wednesday, after recession fears sparked the biggest sell-off in nearly a year.
Walt Disney reported greater than expected sales and earnings for its latest quarter Tuesday thanks to strength at its ESPN cable network and its theme park business.
Stocks staged a late-session rally Tuesday, gaining for the second day in a row as investors welcomed a surprisingly strong read on durable goods orders and some upbeat earnings on the first day of the Federal Reserve policy meeting.
U.S. stocks fell at Friday's open, with tech stocks especially hard hit, on renewed concerns about the U.S. economy in the wake of the subprime mortgage meltdown.
Walt Disney's Disney-ABC Television Group and Time Warner's AOL unit said Thursday that episodes of some ABC primetime shows are now available for viewing on AOL Video.
The Nasdaq slipped and the broader market struggled Thursday after comments by the CEO of troubled lender Countrywide Financial revived investor worries about the ongoing turmoil in the credit and mortgage markets.
The Nasdaq slipped and the broader market struggled Thursday afternoon after comments by the CEO of troubled lender Countrywide Financial revived investor worries about the ongoing turmoil in the credit and mortgage markets.
A U.S.-based workers' rights group said it found "brutal conditions" and labor violations at eight Chinese plants that make toys for big multinationals, and called on the companies to take steps for better standards.
Rosy earnings from cell phone maker Nokia helped boost stock futures Thursday, although it's likely that Wall Street will keep heading down a rocky path.
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