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The inflation and oil price fears that helped keep U.S. stocks trading in a narrow zone all week also subdued things on Friday, although all major averages managed to close out the week in the black. The Dow gained 38.89 to close at 10,416.41. The Nasdaq rose just 3.06 points, ending the week at 1,9...
Oil prices headed higher again Thursday after more violence broke out in Iraq. U.S. stocks remained in a muddle as business forecasts and inflation concerns converged. Crude oil futures sold on the New York Mercantile Exchange spiked more than a dollar to US$38.46 after news hit of a bombing attack ...
On-and-off worries about inflation seemed to be back on Wednesday as stronger-than-expected housing starts and industrial production levels during May sent the prices of Treasury notes sharply up and left stocks treading water. U.S. Treasuries rallied on Tuesday, reaching their highest levels since ...
Federal Reserve Chairman Alan Greenspan calmed nerves frayed by inflation and rate-hike worries Tuesday by saying that inflation is "not likely to be a serious concern" in the near future. Speaking to a congressional committee holding a hearing on his nomination to a fifth term, Greenspan said huge ...
After taking the long weekend to think things over, investors apparently decided that repeated warnings from the Federal Reserve about the prospect for higher interest rates is bad news for stocks. Investors sent U.S. shares lower across the board Monday. The Dow fell 75.37 to close at 10,334.73, a ...
Broadcom announced today that it has settled all outstanding patent and antitrust litigation with Microtune. Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering a...
U.S. stock markets might have been closed Friday to honor the memory of President Reagan, but currency markets were busy reacting to more warnings from Federal Reserve members that interest rate hikes are all but inevitable. Overseas currency trading Friday reflected the new warnings, with the U.S. ...
Halliburton of Texas said Friday the U.S. Securities and Exchange Commission has begun a formal investigation into a venture in Nigeria. Halliburton said the SEC is investigating payments made in connection with TSKJ's construction of a liquefied natural gas facility in Nigeria.
Oil prices defied numerous predictions by rising slightly Thursday, as disruptions in Iraq and fears that other Middle East countries would be hit by terrorists countered OPEC's decision to boost production. Meanwhile, an OPEC minister said other unpredictable forces, such as a workers' strike in Ni...
National Semiconductor today reported a GAAP profit of US$126.4 million, or 32 cents per share, on revenues of $571.2 million for the fourth quarter of fiscal 2004, which ended May 30th, 2004. National Semiconductor's fourth-quarter sales were 34 percent higher than the fourth quarter of fiscal 2003...
Concerns that the Federal Reserve will move aggressively to quash inflation as the economy expands more rapidly led to a sharp drop in the prices of U.S. Treasury notes Wednesday and may have helped stock markets stay in the red. Two-year and ten-year Treasury bonds both traded lower as investors be...
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