Crude futures fall near three-month low
By Polya Lesova & Myra P. Saefong, MarketWatch
Last Update: 7/29/2008 12:15:00 PM
SAN FRANCISCO (MarketWatch) — Crude-oil futures dropped as much as $4 a barrel
Tuesday, reflecting ongoing concerns over easing demand as well as strength in
the dollar, to push prices to their lowest level in nearly three months.
Energy futures traded broadly [...]
U.S. Steel’s profit more than doubles on higher prices
By Shawn Langlois, MarketWatch
Last Update: 7/29/2008 12:15:00 PM
SAN FRANCISCO (MarketWatch) — United States Steel Corp. shares jumped more than
14% on Tuesday after the company reported its second-quarter profit more than
doubled on prices pushed higher by surging global demand for its steel products.
The stock added $20.92 to $166.25 [...]
Four US Banks To Launch Covered-Bond Mkt Programs
Last Update: 7/29/2008 7:35:00 AM
(This article was originally published Monday)
By Meena Thiruvengadam
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Four of the U.S.’s leading banks are joining a government
effort to promote the development of a covered-bond market.
Bank of America Corp. (BAC), Citigroup Inc. (C), JPMorgan Chase & [...]
“U.S. stocks bounce back as price of crude slides”
“Bulls ignite NASDAQ’s fuse”
“Feeling better- Consumer confidence ticks up”
“Merrill’s Misery: Is the Bottom in Sight? ”
“Consumers More Upbeat as Inflation Jitters Ease (16-year low)”
“Some BIG BANK analyst (who lost all his money in housing stocks-NOT MENTIONED) expects the housing market to turn in six months”
HI Guys, when [...]
SAN FRANCISCO (MarketWatch) — Hewlett-Packard Co. , Intel Corp. and Yahoo Inc.
said Tuesday they would join forces to create a set of new centers for the
advancement of cloud computing technology. The three companies will create what
is called the H-P, Intel and Yahoo Cloud Computing Test Bed that will initially
consist of data centers at each of [...]
UPDATE: China: Four Banks Apply To Take Stakes In Insurers
Last Update: 7/29/2008 3:02:51 AM
(Adds quotes from regulator, first-half data on insurance companies’
investments.)
BEIJING (Dow Jones)–China’s insurance regulator has received applications from
four banks to take stakes in insurance companies, an official at the regulator
said Tuesday.
Industrial & Commercial Bank of China Ltd. (1398.HK), China Construction Bank
Corp. (0939.HK), Bank [...]
Merrill’s Fire Sale Might Leave A Lot Of Fingers Burned
Last Update: 7/29/2008 9:03:18 AM
By Andrew Dowell and Ed Welsch
Of DOW JONES NEWSWIRES
Merrill Lynch & Co.’s (MER) fire sale of toxic assets might burn some other
fingers on Wall Street.
In the world of complex and infrequently traded securities, the venerable
investment [...]
Morgan Stanley: Technology Stocks Losing Momentum
Last Update: 7/28/2008 8:48:31 AM
By Ed Welsch
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Technology stocks will likely underperform as overly
optimistic earnings expectations are reconciled with a slowing global economy,
Morgan Stanley told clients Monday.
The firm said that the technology sector’s momentum seemed to be slowing [...]
LONDON (MarketWatch) — Gary Stern, president of the Federal Reserve Bank of Minneapolis, believes the credit crunch will continue for several quarters and could still get worse, according to an interview with the Financial Times newspaper. Stern said that with its core interest rate at 2%, the Fed is well-placed to cope with further weakness [...]
Financial News: Bks Poised To Launch Sale Of Schaeffler Loans
Last Update: 7/28/2008 9:07:20 AM
By Duncan Kerr
Of DOW JONES NEWSWIRES
The six banks arranging the financing of Schaeffler’s bid for part of auto
supplier and tire maker Continental could launch the syndication of the debt as
early as this week, countering market [...]
WASHINGTON (AP) — Federal regulators have formally approved the merger of the nation’s only two satellite radio operators in a deal closely watched by Washington and Wall Street.
Approval of Sirius Satellite Radio’s buyout of rival XM Satellite Radio Holdings means that more than 18 million subscribers will be able to receive programming from both services. [...]
by Gary Dorsch, SirChartsAlot, Inc. | July 24, 2008
“On the morning of July 15th, the price of crude oil, the most widely watched commodity in the world, was gyrating in a narrow range, just above $145 /barrel, as dealers in London were position-squaring ahead of the Nymex opening. Just a few days earlier, Iran [...]
by Andy Sutton, My2CentsOnline.com | July 25, 2008
“This week, the US Congress overwhelmingly passed HR3221. Perhaps as early as today, this measure will be taken up in the Senate. The President has pledged his blessing of the measure as well. While I am sure that there are many folks who are happy to see [...]
Not a very plausible scenario for the very simple reason of “buying is going where the prices are the lowest”…and most other sellers of the stuff are not nations or governments headed by lunatics.Thus Iran would instantly lose all customers, throwing his own country into a depression,and it is known that his country’s population is [...]
Speculators (I believe) along with OPEC are trying to find the tipping point by trying to get the most for a barrel of oil without actually ruining the economy(aside from all of the other factors affecting). Lets face it if no one can afford to drive to work or put food on the table, then [...]
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