Stocks traded higher today as oil failed to break through a key psychological barrier, at least for now. Oil futures have marched steadily higher and appeared poised to move above US$52 per barrel, sparking concern that fuel costs would stoke inflation. However, futures traded slightly lower instead...
Some people have the erroneous idea that a small business cannot effectively compete against larger competitors. This concept is quite far from the truth. For example, if someone were to ask you, "What is a major source of job formations in America today?," what would you answer? If you said small b...
Markets tumbled today after two reports bore bad news for the U.S. economy and oil prices again soared to record highs. The Labor Department reported that weekly jobless claims rose by 15,000 last week to 352,000 and said the four-week moving average of claims had also reached a seven-month high. Se...
U.S. stocks posted modest gains in light trading today as shares edged higher across the board despite another surge in crude oil prices. The Dow Jones gained 26.77 points to close at 10,081.97 and the Nasdaq tacked on 8.79 points to finish at 1,928.76. The S&P 500 rose 2.25 points to 1,124.39...
In what has been a rare occurrence this year, technology stocks outshone their counterparts as some good earnings news from the sector helped power the Nasdaq higher. A better-than-expected earnings report from National Semiconductor and an upbeat forecast from Nokia that said cell phone sales were ...
News that a tense situation in a key Iraq city was coming to an end caused a rare drop in oil prices Friday, which in turn gave stocks a chance to make a run and end the week on a positive note. News that the standoff between U.S. forces and those loyal to Shiite cleric Moqtada al-Sadr might have en...
Bleak jobs numbers for July led to a stunning sell-off on Wall Street as all major stock averages sank to their lowest levels of the year. The Labor Department said 32,000 new jobs were added in July, 90 percent fewer than the forecast of 243,000 jobs. The new figures raised concerns that the poor j...
Oil prices eased off record highs, giving investors enough breathing room to move Wall Street slightly higher on Thursday after another round of positive earnings reports. The Dow finished higher by 12.17 points, closing at 10,129.24. The Nasdaq was also up, gaining 22.80 points, or more than 1.2 pe...
Veritas Software lowered its second-quarter revenue and profit guidance, becoming the latest tech company to say the quarter did not measure up to expectations. Saying enterprise sales were down, particularly in the U.S., the storage software maker lowered its revenue targets to US$475 million to $4...
Investor worry that the oil supply to the United States could be disrupted heading into the long holiday weekend reverberated on Wall Street Thursday, when stocks went sharply lower. Oil prices were up more than 3 percent Thursday after gaining 4 percent on Wednesday when the U.S. announced a surpri...
A looming decision on interest rates and earnings warnings from some key U.S. companies weighed on stock markets Monday, drowning out early-day optimism over news that the transfer of power to a sovereign Iraqi government had happened two days ahead of schedule. The markets roared out of the gate af...
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 ...
General Motors will invest US$3 billion to expand operations in China in the next three years, a massive outlay of capital that will enable it to double its output in the country that is home to one of the world's fastest-growing economies. GM, the world's leading automaker, and its partners will in...
EarthLink has announced it will buy low-cost computer vendor PeoplePC for about $10 million, but the giant Internet service provider left open the possibility that the deal could swell to $14.3 million. PeoplePC has made a business out of selling inexpensive PCs bundled with Internet access. The ...
Despite Microsoft's legal woes, it has forged ahead in a number of areas, including e-commerce. According to research firm Giga Information Group, the software giant generated $135 million in revenue from e-commerce products and client services during 2001. But as the company grows its e-business...
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