Archive for October, 2012

Wall Street ends flat, tech shares dip after Sandy shutdown

October 31st, 2012

Wall Street ends flat, tech shares dip after Sandy shutdown

Traders stand outside the New York Stock Exchange prior to the opening bell in New YorkNEW YORK (Reuters) – The U.S. stock market slowly returned to life on Wednesday after two days in the dark, in the wake of the massive storm Sandy that caused the market's first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged lower in a session with slightly less than average volume. …

Source
Stock Markets News Headlines – Yahoo! News

GLOBAL MARKETS-Shares trade flat, gasoline up after storm's damage

October 31st, 2012

GLOBAL MARKETS-Shares trade flat, gasoline up after storm's damage
* U.S. stocks trade flat as Wall Street reopens after 2-day
closure


Source
Reuters: US Dollar Report

Wall Street trades flat, gasoline up after storm's damage

October 31st, 2012

Wall Street trades flat, gasoline up after storm's damage

Traders work on the floor of the New York Stock Exchange following its reopeningNEW YORK (Reuters) – Wall Street resumed trading on Wednesday with shares ending near break-even after monster storm Sandy forced a two-day closure due to weather for the first time since 1888, but U.S. gasoline futures surged in the face of potentially long-term supply disruptions at the East Coast's second-largest refinery. The storm left swaths of the region crippled by flooding and power outages, suggesting lower fuel consumption. …

Source
Stock Markets News Headlines – Yahoo! News

Wall Street mostly flat as post-Sandy trading resumes

October 31st, 2012

Wall Street mostly flat as post-Sandy trading resumes

Traders stand outside the New York Stock Exchange prior to the opening bell in New YorkNEW YORK (Reuters) – Stocks closed little changed on Wednesday after a forced two-day closure due to super storm Sandy, as gains in utilities and financial shares offset declines in the healthcare and technology sectors. The Dow Jones industrial average dipped 10.75 points, or 0.08 percent, to end unofficially at 13,096.46. The S&P 500 edged up 0.22 point, or 0.02 percent, to finish unofficially at 1,412.16. The Nasdaq Composite fell 10.72 points, or 0.36 percent, to close unofficially at 2,977.23. For the month of October, the Dow fell 2. …

Source
Stock Markets News Headlines – Yahoo! News

UPDATE 2-ProSieben attracts three offers for TV channels-sources

October 31st, 2012

UPDATE 2-ProSieben attracts three offers for TV channels-sources
FRANKFURT/STOCKHOLM, Oct 31 (Reuters) – ProSiebenSat.1
has attracted three offers worth more than 1.3
billion euros ($1.7 billion) for its Nordic TV channels, two
people familiar with the matter said on Wednesday, which may
help to reduce the group’s debt.
Source
Reuters: Media

Earnings Preview: Berkshire Hathaway 3Q earnings

October 31st, 2012

Earnings Preview: Berkshire Hathaway 3Q earnings
When Berkshire Hathaway Inc. releases third-quarter earnings Friday, they will be dissected by investors looking for clues about the economy’s health, what CEO Warren Buffett might invest in next, as well as any estimate of Berkshire’s insurance losses from Hurricane Sandy.
Source
Economy News Headlines – Yahoo! News

Bank of Canada's Carney speaks in Ottawa

October 31st, 2012

Bank of Canada's Carney speaks in Ottawa
Oct 31 (Reuters) – For HIGHLIGHTS of an appearance by Bank of Canada
Governor Mark Carney, please click on


Source
Reuters: US Dollar Report

New York Governor to ask federal government to cover Sandy storm costs

October 31st, 2012

New York Governor to ask federal government to cover Sandy storm costs
NEW YORK (Reuters) – New York Governor Andrew Cuomo said he would formally request the federal government to reimburse up to 100 percent of the costs needed to clean up and repair damages from massive storm Sandy that hit the state this week. In a letter to the President Barack Obama, Cuomo said that the “initial estimates project up to $6 billion in lost economic revenue in the greater metropolitan area and the State”. He added that “the “significant impact from Hurricane Sandy plainly warrant providing this assistance.” (Reporting by Tiziana Barghini; Editing by Jackie Frank)
Source
Economy News Headlines – Yahoo! News

UK lawmakers to grill Starbucks, Amazon and Google on tax

October 31st, 2012

UK lawmakers to grill Starbucks, Amazon and Google on tax
LONDON, Oct 31 (Reuters) – A UK parliamentary committee has
invited executives from Starbucks Corp, Google Inc
and Amazon.com Inc to answer questions about
their tax practices, which allow them to make significant sales
in the UK, but pay little tax here.
Source
Reuters: Media

Sandy shows liquidity may be over-rated: James Saft

October 31st, 2012

Sandy shows liquidity may be over-rated: James Saft
(Reuters) – Maybe liquidity isn’t all it’s cracked up to be.


Source
Reuters: Money