Boeing Co shares sank more than 6 percent on Monday as analysts said cuts in production would hurt the plane maker's earnings this year.
Boeing Co shares sank more than 6 percent on Monday as analysts said cuts in production would hurt the plane maker's earnings this year.
Stocks fell on Monday as energy stocks retreated on falling oil prices and Boeing Co slid after it issued a profit warning, giving investors jitters ahead of key earnings reports this week.
Stocks opened lower on Monday as investors paused after a five-week rally to prepare for key company earnings later in the week, and bank stocks reversed part of their sharp gains from last week.
Edward Krudy
Asian stocks rose on Monday on hopes for the global economy, with Taiwan shares hitting a near 7-month closing high, while oil prices slipped below $52 after a dramatic oil demand downgrade by the International Energy Agency.
(Corrects in paragraph 8 KOSPI's closing level to 1,338.26, not 1338.16)
The Ethisphere Institute on Monday named 99 companies it says are the world's most ethical, its third annual listing designed to encourage ethical practices within the global business community.
Express Scripts Inc has agreed to buy WellPoint Inc's NextRx subsidiaries for $4.68 billion, the companies said in a statement.
WASHINGTON, April 12 - The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.
WASHINGTON, April 12 - The U.S. Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by June 1, even though the automaker has publicly stated it could reorganize outside of court, The New York Times reported on Sunday.
Anheuser-Busch InBev , the world's largest brewer, is considering selling its Rolling Rock brand, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
Credit-card company American Express Co has ample liquidity and less credit risk than its rivals, and its shares could double, Barron's said in its April 13 edition.
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
The U.S. Department of Labor subpoenaed Tribune Co over an employee stock plan crucial to real estate mogul Sam Zell's buyout of the media company, Tribune said in a bankruptcy court filing on Thursday.
Standard & Poor's on Friday placed its ratings on Boeing Co and its wholly owned finance subsidiary Boeing Capital Corp. on CreditWatch with negative implications after the aircraft maker said it would cut production or delay production increases on certain widebody planes next year.
Buy-out houses are doing smaller deals, borrowing less money and are more involved in hands-on management, as the crisis pushes them back to the roots of their industry.
U.S. stocks typically rebound six months before the economy, but investors worry that the current 25 percent rally since the market's March 9 low could be a red herring.
U.S. bank Wells Fargo forecast a record profit, South Korea steered clear of recession, and Chinese export data beat expectations, all offering hope that the worst of the financial crisis had passed.
Goldman Sachs Group Inc is considering making a multibillion dollar share offering to investors as part of its efforts to repay a $10 billion government loan, the Wall Street Journal reported citing people familiar with the matter.
Asian shares rose on Friday, with South Korean stocks hitting a 6-month high after the country averted recession in the first quarter, as a Wall Street rally boosted risk demand around the region and dented the yen.
If Wells Fargo's upbeat first-quarter performance is any sign, Wall Street could rally further next week on any reassuring news from three other big banks due to post quarterly results.
Stocks jumped on Thursday after Wells Fargo said it expects to report a record quarterly profit, fueling a month-long rally prompted by hopes that deterioration in the financial sector was abating.
Stocks jumped on Thursday after Wells Fargo said it expects to report a record quarterly profit, fueling a month-long rally prompted by hopes that deterioration in the financial sector was abating.
U.S. stocks jumped on Thursday after Wells Fargo said it expects to report a record quarterly profit, fueling a month-long rally prompted by hopes that deterioration in the financial sector was abating.
Stocks jumped on Thursday after Wells Fargo said it expects to report a record quarterly profit, providing a ray of hope for the struggling financial sector and adding fuel to the month-long rally.
Stocks rallied on Thursday as Wells Fargo gave preliminary first-quarter results that were stronger than expected, providing a ray of hope in the struggling financial sector.
Stocks jumped on Thursday as Wells Fargo gave preliminary first-quarter results that were stronger than expected, providing relief to the troubled financial sector.
Stocks added to gains on Thursday, sending the S&P 500 and Nasdaq up more than 3 percent, as surprisingly upbeat preliminary quarterly results from Wells Fargo fueled hopes that stabilization may be returning in the banking sector.
