Bernanke halts Wall Street rally; Google soars late (Reuters)
Posted: 14 Jul 2011 04:23 PM PDT
Reuters - Stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles.Posted: 14 Jul 2011 04:15 PM PDT
Reuters - Google Inc's results soundly trounced Wall Street's most bullish expectations, sending its shares up 12 percent and easing concerns that its battle with Facebook and Twitter is costing too much and hindering growth.Posted: 14 Jul 2011 06:40 PM PDT
Reuters - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized triple-A rating if a deal on raising the government's debt ceiling is not agreed soon.
Posted: 14 Jul 2011 05:39 PM PDT
Reuters - Mining and oil company BHP Billiton unveiled a $12.1 billion agreed takeover of U.S. gas producer Petrohawk Energy Corp on Friday, marking the Anglo-Australian firm's biggest step into the booming shale-gas industry.
Posted: 14 Jul 2011 02:14 PM PDT
Reuters - JPMorgan Chase & Co posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.
Posted: 14 Jul 2011 03:53 AM PDT
AP - A warning that the U.S. may lose its cherished triple A credit rating and concerns over Europe's debt problems weighed on stock markets Thursday, though an indication that the Federal Reserve could provide more monetary stimulus limited losses.Posted: 14 Jul 2011 04:48 PM PDT
AP - With time growing short and warnings more dire, the first, fragile signs emerged Thursday of a possible compromise to raise the nation's debt limit and avert a potentially catastrophic default on Aug. 2.Posted: 14 Jul 2011 05:03 PM PDT
AP - Google Inc. CEO Larry Page's traditionally frosty relationship with Wall Street turned into a warm embrace Thursday after the Internet search leader released strong financial results for its latest quarter.Posted: 14 Jul 2011 12:29 PM PDT
AP - European regulators will release potentially unsettling details on the finances of 90 banks on Friday to increase transparency and convince markets that the financial system as a whole could withstand big shocks, such as a Greek debt default.
Posted: 14 Jul 2011 12:17 PM PDT
AFP - French-Belgian bank Dexia said Thursday that it was suing Deutsche Bank for more than $1 billion in losses caused by dodgy mortgage-backed securities that imploded during the 2008 financial crisis.Posted: 14 Jul 2011 01:45 PM PDT
Reuters - The International Monetary Fund on Thursday called for a "greater sense of urgency" to address the Greek debt crisis and warned Europe it was taking too long to repair its banking system in the face of growing risks of contagion.Posted: 14 Jul 2011 01:58 PM PDT
AP - SALES UP: Retail sales rose a modest 0.1 percent in June, according to the Commerce Department. That follows a 0.1 percent drop in May, which was the first decline after 10 straight monthly gains.
Posted: 14 Jul 2011 03:39 PM PDT
Investor's Business Daily - Strong investment banking fees and trading revenue helped JPMorgan Chase beat views and overcome lingering pain from the housing bubble.
Posted: 14 Jul 2011 01:49 PM PDT
AP - WHOLESALE PRICES DECLINE: Companies paid less for raw materials and factory goods in June, as gas prices fell. The drop in the Producer Price Index was the first in a year and a sign that inflation pressures are easing.
Posted: 14 Jul 2011 06:33 PM PDT
AP - Minnesota Gov. Mark Dayton and top Republicans agreed Thursday to end a budget impasse that prompted the longest state government shutdown in recent history, after the Democratic governor surrendered on raising taxes.
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