April 11, 2012 |
The stock market rose for the first time in six days Wednesday, but the gains were muted and did little to dispel the notion that a deeper sell-off may be underway. The Dow Jones industrial average climbed 89.46 points, or 0.7%, to 12,805.39, a welcome reversal from its nearly 500-point decline over the last five trading sessions. The Standard & Poor's 500 index rose 0.7%, and the Nasdaq composite index was up 0.8%. An unexpected first-quarter profit from Alcoa Inc.late Tuesday and a slight drop in yields on Spanish and Italian government debt lured buyers.
February 15, 2012 |
Wall Street wrapped up its worst day of the year, with the Dow Jones industrial average posting its largest one-day point and percentage drop since Dec. 28. Here's how America's most-watched index is faring: The index fell 97.33 points, or 0.76%, to 12780.95 - its first drop in three trading days. Five of the Dow's 30 components finished higher. The index is down 9.77% from its record close of 14164.53 reached on Oct. 9, 2007; but it is up 95.22% from its 12-year closing low of 6547.
December 27, 2009 |
On the city's east side, where auto workers once assembled cars by the millions, nature is taking back the land. Cottonwood trees grow through the collapsed roofs of homes stripped clean for scrap metal. Wild grasses carpet the rusty shells of empty factories, now home to pheasants and wild turkeys. This green veil is proof of how far this city has fallen from its industrial heyday and, to a small group of investors, a clear sign. Detroit, they say, needs to get back to what it was before Henry Ford moved to town: farmland.
August 25, 2009 |
Stung by punishing losses in the bear market, some individual investors are souring on traditional buy-and-hold investing in favor of aggressive trading aimed at scoring big gains. Trading at online brokerages has soared in recent months as investors have tried to capitalize on rising securities markets. But individual investors increasingly are embracing strategies that carry outsized risks. In some cases, for example, investors have ventured into a relatively new type of investment product designed to magnify the movement of the underlying markets.
March 27, 2003 |
Lockheed Martin Corp. won dismissal of an investor suit that claimed the company inflated its share price by assuring investors in 1998 that it was "on track" for a 10% increase in per-share earnings, only to lower those forecasts later. U.S. District Judge Mariana Pfaelzer in Los Angeles said investors failed to prove that company officials knew the statements were false when they made them.
December 19, 2008 |
Enron Corp. investors today will begin receiving their share of $7.2 billion recovered in settlements with the failed energy trader's lenders, auditors and directors. The University of California, the lead plaintiff in the case, will initially start distributing nearly $5 billion to about 200,000 investors. Eligible buyers of Enron's common stock will receive about 20% of their allowed losses.
October 17, 2007 |
Financial advisors and wealthy investors believe corporate boards act in the best interests of executives rather than shareholders, according to a survey released Tuesday. Most of those surveyed last month by FTI Consulting Inc. also said they believed that corporate governance practices had improved since the passage of the post-Enron Sarbanes-Oxley corporate reform law in 2002.
September 28, 2009 |
Investors are just not sure where the economy is headed, so the stock market may be in limbo for a while. After stocks stumbled last week on disappointing reports on housing and manufacturing, investors are concerned that the economy's rebound will be slower than originally thought. They may cool their buying and even resort to more selling until they are more certain that the strength of the recovery warrants extending the nearly seven-month-long advance in stocks. "The significant advance that the market has had . . . has left some people with an itchy trigger finger," said Jim McDonald, chief investment strategist at Northern Trust Corp.
February 6, 2008 |
The Securities and Exchange Commission has formed an office to quickly distribute financial penalties to wronged investors after government watchdogs said the agency wasn't returning the money quickly enough. The SEC's Office of Collections and Distributions will pay out more than $5 billion the regulator has recovered from securities law violators, the agency said Tuesday. Since gaining the authority under the Sarbanes-Oxley law to distribute financial penalties, the commission has given more than $3.5 billion to investors.
December 10, 1997 |
Internet start-up Elemental Software Inc. has raised $8 million from a group of investors, including Microsoft Corp., which took a "significant" but undisclosed stake in the Carlsbad-based company. Elemental's flagship Drumbeat software allows business professionals to create sophisticated Internet Web pages without programming knowledge, President Peter Hirshberg said. Other investors included Japan's CSK Corp.