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Yahoo! News: Stock Markets News Sat, 10 May 2008 10:59:20 GMT
  • Stocks decline as AIG reveals need for cash, oil surges (AP)   - 

    Traders work the Crude Oil trading pit at the New York Mercantile Exchange Friday, May 9, 2008, as oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. (AP Photo/David Karp)AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.


  • AIG's loss and record oil sour mood on Wall St (Reuters)   - 

    Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)Reuters - Stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss.


  • European equities sapped by runaway oil prices (AFP)   - 

    A trader standing in front of an index board at the stock exchange in Frankfurt in March 2008. European stock markets fell sharply as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs(AFP/DDP/File/Martin Oeser)AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs, dealers said.


  • Time Is Prime Driver With Mutual Funds (Investor's Business Daily)   - Investor's Business Daily - Buying a mutual fund is a different game than buying a stock.
  • Fortress posts loss, stock price falls (Reuters)   - Reuters - Fortress Investment Group LLC reported a quarterly loss on Thursday and its share price fell sharply after its hedge fund business suffered in turbulent market conditions.
  • Nasdaq first-quarter profit surges on boost from OMX buyout (AP)   - AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange.
  • Japanese shares fall on inflation fears; Nikkei sheds 159 (AP)   - AP - Japanese shares sank Thursday on profit-taking and renewed fears over inflation in line with soaring global oil prices.
  • Inflation, rate fears push Wall St to lower close (Reuters)   - Reuters - U.S. stocks ended lower on Wednesday, with all three major indexes down more than 1 percent, on concerns about inflation and higher interest rates as oil jumped to a record above $123 a barrel.
  • Canadians hoarding cash, not investing: study (AFP)   - 

    Nervous Canadians are sitting on a record 45 billion dollars in cash instead of investing it, fearing volatility in stock markets, a Canadian bank said Wednesday.(AFP/Illustration)AFP - Nervous Canadians are sitting on a record 45 billion dollars in cash instead of investing it, fearing volatility in stock markets, a Canadian bank said Wednesday.


  • NYSE Euronext profit triples on higher volumes (AP)   - AP - NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV's activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.
  • China's markets brace for massive share inflow: report (AFP)   - 

    A Chinese investor walks in front of a price board at a security firm in Beijing on May 5. Chinese stock markets are bracing for fresh pressure when new shares become freely tradable(AFP)AFP - Chinese stock markets are bracing for fresh pressure in May when a massive number of new shares will become freely tradable after being locked up under local regulations, state media said on Tuesday.


  • U.S. Stock Funds Rallied 4.98% In April, With Growth In The Lead (Investor's Business Daily)   - Investor's Business Daily - The bleeding finally stopped in April as the market started recovering from its worst quarter in 51/2 years.
  • Risks mount for stressed traders as markets gyrate (Reuters)   - 

    A telephone clerk trades on the floor of the London Metal Exchange in central London in this March 18, 2008 file photo. Increased volatility grips stock markets, big investment banks tot up losses from a credit market seizure and jobs are slashed -- being a trader has seldom been more stressful. (Dylan Martinez/Files/Reuters)Reuters - Increased volatility grips stock markets, big investment banks tot up losses from a credit market seizure and jobs are slashed -- being a trader has seldom been more stressful.


  • Dollar, global stocks lose ground after Friday gains (Reuters)   - 

    An investor looks at a personal digital assistant in front of an electronic board in a brokerage hall in Shanghai, April 30, 2008. China's key stock index jumped nearly 5 percent in heavy trade on Wednesday, led by oil refiners and Ping An Insurance, after companies' first-quarter earnings growth generally proved better than feared. (Stringer/Reuters)Reuters - The dollar and European stocks weakened slightly on Monday in holiday-thinned markets while euro zone government bonds rose after positions became oversold following Friday's better than expected U.S. employment data.


  • Wall Street looks for more evidence to justify a rally (AP)   - 

    Traders work on the floor of the New York Stock Exchange, April 3, 2008. (Keith Bedford/Reuters)AP - Wall Street goes into the new week in an upbeat mood, with investors growing more confident that the economy and the financial markets are heading toward a second-half recovery.


  • Wall Street cautiously embraces fragile recovery (AFP)   - 

    A Wall Street sign is seen outside the New York Stock Exchange March 11 in New York City. With shaky conviction, Wall Street investors are starting to come out from their shell in anticipation of global credit squeeze easing and a skirting of a major US economic downturn.(AFP/Getty Images/File/Mario Tama)AFP - With shaky conviction, Wall Street investors are starting to come out from their shell in anticipation of global credit squeeze easing and a skirting of a major US economic downturn.


  • Treasury prices decline as stock market rallies (AP)   - AP - Investors moved out of Treasury bonds on Thursday as a rally in stocks sent the Dow Jones industrials up nearly 190 points.
  • Weak economy may trigger frauds: regulator (Reuters)   - Reuters - Regulators at the U.S. Securities and Exchange Commission are preparing for more cases of corporate fraud, as weak economic conditions could drive companies and workers over the edge, a top U.S. regulator said on Thursday.
  • Toronto stocks pressured by softer resources (Reuters)   - Reuters - The Toronto Stock Exchange's main index fell on Thursday morning as energy and mining shares dropped on softer commodity prices.
  • SEC sues Birmingham mayor over benefits from bond firm (AP)   - AP - A Securities and Exchange Commission lawsuit filed Wednesday accuses Mayor Larry Langford of taking more than $156,000 from a friend whose firm made millions on risky bond transactions that have pushed an Alabama county to the brink of bankruptcy.
 
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