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BUSINESS
November 21, 2012 | By Andrew Tangel
Stocks edged slightly higher in early trading after the U.S. Labor Department reported a decrease in first-time unemployment claims last week. The Dow Jones industrial average rose 8 points, or 0.1%, to 12,797 shortly after the opening bell on the New York Stock Exchange. The broader Standard & Poor's 500 index rose 2 points, or 0.2%, to 1,390. The tech-heavy Nasdaq rose 10 points, or 0.3%, to 2,927. The U.S. Labor Department said initial jobless claims declined by 41,000 to 410,000 last week, compared to the previous week.
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BUSINESS
January 8, 2013 | By Andrew Tangel
Investors sent stocks lower ahead of the release of corporate earnings that Wall Street will digest in coming weeks. The Dow Jones industrial average lost 48 points, or 0.4%, to 13,336 shortly after the opening bell. The broader Standard & Poor's 500 index lost seven points, or 0.5%, to 1,455. The Nasdaq was down nine  points, or 0.3%, to 3,090. Earnings season unofficially begins with aluminum giant Alcoa Inc., which is to release earnings after the markets close Tuesday.
BUSINESS
February 3, 2014 | By Ricardo Lopez
U.S. manufacturing slowed in January as new orders and inventories plunged, according to data released Monday by the Institute for Supply Management. The group's purchasing managers index dropped to 51.3 last month, down more than 5 percentage points from a 56.5 reading in December. It's the lowest index reading since May 2013.  Still, a reading above 50 indicates expansion.  "A number of comments from the panel cite adverse weather conditions as a factor negatively impacting their businesses in January," said Bradley Holcomb, chair of the Institute for Supply Management's Manufacturing Business Survey Committee.
BUSINESS
November 6, 2012 | By Walter Hamilton
It's all about swing states in today's presidential election. So here's another swing-state nugget, courtesy of Jack Ablin, chief investment officer at BMO Private Bank. Swing-state stocks have outpaced the Standard & Poor's 500 index during President Obama's first term. That's based on the collective performance of companies that are either based in a swing state or that do a lot of business there. Quiz: Test your knowledge of business news The S&P 500 has notched an average annual gain of 12.1% during the Obama administration.
BUSINESS
April 7, 2014
For investors, a volatile stock market passed a worrisome milestone on Monday. The market logged its longest losing streak in two months, and extended a sell-off that began last week. After biotechnology and internet stocks pulled the market lower on Friday, it was companies that sell non-essential goods and services that dragged on the market to start the week. Concerns about earnings and sales drove declines. CarMax slumped after the used car dealer reported lower net income, and Mattel dropped on concerns about demand for big-name toys.
BUSINESS
April 4, 2012 | By Joe Bel Bruno
Wall Street took a drubbing Wednesday as investors worried that the Federal Reserve might not be willing to pump more money into the U.S. economy. Minutes released from the central bank's last rate-setting meeting indicated that policymakers appeared reluctant to inject more cash into the financial system. There had been hopes the Fed would buy bonds - a strategy known in the past as quantitative easing - to boost the economy. Stocks suffered their worst decline so far this year.
BUSINESS
November 23, 2013 | By Andrew Tangel and Walter Hamilton
NEW YORK - Month after month, Stan Wright watched impatiently as the stock market climbed higher while his money sat on the sidelines earning next to nothing. Like many Americans, Wright, 51, yanked his savings out stocks during the 2008 financial crisis and pinned his hopes on historically safer investments in bonds. Now he wants back in on the stock market, which is in the midst of its strongest rally in a decade. "There is really, truly almost no place else to put money right now," said Wright, a Bay Area business owner who has sunk $10,000 into stocks in the last six weeks.
BUSINESS
February 3, 2014 | By Andrew Tangel and Walter Hamilton
NEW YORK - A stream of negative economic reports has revived fear about the health of the U.S. economy, causing stocks to suffer their worst day in seven months and adding to a 7% decline since mid-January. Stocks were pounded by discouraging data released Monday on manufacturing, auto sales and construction spending. The disappointing U.S. reports rattled investors already uneasy over political and financial turmoil in emerging-market countries such as Turkey, India and South Africa.
NEWS
March 6, 2014 | By Paul Whitefield, This post has been updated. See below for details.
OK, listen up, all you dumb users of smartphones: In spite of what Massachusetts ' high court decided, no, it isn't OK to take “upskirt” pictures of unsuspecting women. On Wednesday, in the land of the Puritans and the home of “Banned in Boston,” all hell broke loose after the state Supreme Judicial Court overruled a lower court in a case involving one Michael Robertson, who seemed to think it was clever to use his cellphone in ways Apple or Samsung never intended. But Robertson got away with it because the state's Peeping Tom laws don't apply to such behavior, the court found.
BUSINESS
October 5, 2012 | By Andrew Tangel
Investors sent Wall Street stocks higher early Friday after the federal government reported the U.S. economy added 114,000 jobs in September. The payroll gains were in line with analysts' expectations, but the government also reported that the unemployment rate fell from 8.1% to 7.8%. The Dow Jones industrial average gained 59 points, or 0.4%, to 13,634 shortly after the opening bell. The broader Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,469. The Nasdaq was up 16 points, or 0.5%, to 3,166.
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