Archive for the 'Business' Category

Futures point to weak Wall St; Devon Energy seen up (Reuters)

A trader works on the floor of the New York Stock Exchange, March 8, 2010. REUTERS/Brendan McDermidReuters – Stock index futures fell on Thursday, pointing to a weaker start for Wall Street. By 0859 GMT (3:59 a.m. ET), futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq slipped 0.2 to 0.3 percent.

China inflation spike weakens equities (Reuters)

The share price indicator for Macquarie Group is seen in red on the Australian Stock Exchange (ASX) board in central Sydney February 9, 2010. REUTERS/Daniel MunozReuters – A spike in Chinese inflation weakened equity markets on Thursday, as investors pondered the prospects of interest rate hikes in one of the world’s main economic drivers.

Asian stocks post tepid gains; Europe lower (AP)

Investors look at  a stock price monitor at a private securities company Wednesday, March 10, 2010 in Shanghai, China. Chinese shares have ended a three-day rally and fell amid uncertainty about the direction of government policy as investors awaited February data.  The benchmark Shanghai Composite Index shed 20.21 points, or 0.7 percent, to close at 3,048.93.  (AP Photo/Eugene Hoshiko)AP – Asian stock markets posted tepid gains Thursday as China’s burst of inflation tempered confidence in the regional economic rebound. European shares opened lower.

Summary Box: Stocks rise after inventories fall (AP)

AP – GOOD NEWS, MODEST MOVES: The Dow Jones industrial average tacked on only 3 points Wednesday after the government said that inventories at wholesalers fell in January while sales rose. That suggests that demand is strengthening.

Stocks rise after inventories fall and sales gain (AP)

People walk on Wall Street, Tuesday, March 9, 2010, in New York. Investors are continuing to search for direction Wednesday, March 10, after two days of relatively flat trading. Stock futures are narrowly mixed.(AP Photo/Mark Lennihan)AP – Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies’ inventories.