Showing posts with label Wall St up as banks rally but gains could be brief. Show all posts
Showing posts with label Wall St up as banks rally but gains could be brief. Show all posts

Wall St up as banks rally but gains could be brief

Wall St up as banks rally but gains could be brief (Reuters)
Posted: 27 Jun 2011 02:06 PM PDT
Traders gather at the kiosk where Pandora internet radio is traded prior to its debut on the floor of the New York Stock Exchange June 15, 2011. REUTERS/Brendan McDermidReuters - Stocks rose from three days of losses on Monday, led by banks after news of more favorable capital requirements and optimism over Greece's austerity plan, but investors cautioned against high hopes.


Posted: 27 Jun 2011 04:50 PM PDT
Reuters - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14 percent increase in revenue helped offset higher costs, and orders showed surprising strength for the future.

Posted: 27 Jun 2011 01:48 PM PDT
Reuters - France offered a radical solution Monday for banks to roll over some Greek debt for 30 years as the Greek government fought for political support of its five-year austerity plan to avert bankruptcy.