Archive for the 'Business' Category

How the major stock indexes fared on Friday (AP)

AP – Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish.

Wall Street marks best month in a year in July (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters – U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.

Subdued US growth weighs on world markets (AP)

Specialist Michael Sollitto, right, directs trades at his post on the floor of the New York Stock Exchange Wednesday, July 28, 2010. The Dow Jones industrial average fell almost 40 points after the Fed released its regional survey of the economy, a report known as the 'beige book.' (AP Photo/Richard Drew)AP – European and U.S. stock markets dropped sharply Friday after figures showed the U.S. economy slowed faster than expected in the second quarter, further eroding confidence in the recovery in the world’s largest economy.

European stocks falter before US output data (AFP)

A trader sits in front of a board displaying Germany's share index DAX at the stock exchange in Frankfurt in May. Europe's main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data.(AFP/DDP/File/Martin Oeser)AFP – Europe’s main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data.

Citigroup to pay $75 million to settle SEC charges (Reuters)

Pedestrians walk past a Citibank branch in Washington in this January 19, 2010 file photo. REUTERS/Jim YoungReuters – Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.