Alcoa Inc stock see-sawed on Wednesday, with some on Wall Street seeing the aluminum producer's second consecutive quarterly loss as the glass being half full and others as half empty.
The Nasdaq rose on Tuesday as investors bet that such bellwethers as Microsoft may be among the first sectors to see a recovery in demand, but the Dow and the S&P 500 were nearly flat on worries about the extent of the economic slump.
Stocks rose on Wednesday as a proposed takeover in the homebuilder sector boosted optimism about share valuations and technology shares jumped on hopes of a recovery in both business and consumer spending.
Stocks rose on Wednesday, lifting the Nasdaq 2 percent, as investors snapped up technology shares following the market's two-day sell-off.
General Motors Corp is working hard to meet a June 1 deadline to present an accelerated restructuring plan that is vital for the company whether it goes bankrupt or not, a senior executive said on Wednesday.
U.S. stocks rose on Wednesday, lifting the Nasdaq up more than 2 percent, as investors snapped up technology shares following the market's two-day sell-off.
Shares of Alcoa Inc rose more than 2 percent on Wednesday, as some analysts applauded the aluminum maker's cost cuts and results at its engineered products unit.
Shares of Alcoa Inc rose more than 2 percent on Wednesday, as some analysts applauded the aluminum maker's cost cuts and results at its engineered products unit.
Stocks rose slightly on Wednesday after news of government aid for some life insurers and a merger among homebuilders spurred optimism that offset a quarterly loss from Alcoa .
Chrysler is working around the clock to complete an alliance with Italy's Fiat SpA that would also result in a new board for the U.S. automaker, Vice Chairman Jim Press said on Wednesday.
Chrysler is working around the clock to complete an alliance with Italy's Fiat SpA that would also result in a new board for the U.S. automaker, Vice Chairman Jim Press said on Wednesday.
The Dow and the S&P 500 briefly turned negative on Wednesday after the U.S. Treasury Department outlined the status of its plans to aid insurers. The Nasdaq pared gains after rising more than 1 percent earlier.
Stocks stayed in positive territory on Wednesday after securities regulators recommended an updated uptick rule proposal which would apply to all stocks.
Stock index futures pointed to a higher open on Wednesday after news of government aid for life insurers and a merger among homebuilders spurred optimism and offset a quarterly loss from Alcoa .
Pulte Homes said it would buy Texas-based builder Centex for $1.3 billion in stock, against the backdrop of a troubled industry.
Stock index futures pointed to a lower open on Wednesday Dow component Alcoa kicked off the earnings season with its second consecutive quarterly loss and reignited concern about the global economy.
Stock index futures pointed to a lower open on Wednesday Dow component Alcoa kicked off the earnings season with its second consecutive quarterly loss and reignited concern about the global economy.
GM edged closer to preparations for possible bankruptcy on Wednesday, a source familiar with the company's plans said, while Germany extended its subsidy for scrapping old cars.
Aluminum producer Alcoa Inc reported a second consecutive quarterly loss on Tuesday, as metal prices and the autos industry slumped and global demand fell in the economic downturn.
Stock index futures pointed to a lower open on Wall Street on Wednesday, as mounting fears over corporate results knocked down stock markets around the world.
Chinese exports in March were down by double digits from a year earlier, but the decline was smaller than in February, a newspaper linked to the Ministry of Commerce reported on Wednesday.
Daimler's Chief Financial Officer Bodo Uebber will be named as new chairman of EADS , replacing Ruediger Grube, Daimler said at its annual shareholders' meeting on Wednesday.
World stocks slipped for a third session in a row on Wednesday and government bonds and the low-yielding yen gained as poor earnings from U.S. aluminum group Alcoa sparked concerns about other corporates.
Asian stocks tumbled on Wednesday and the U.S. dollar climbed, with investors bailing out of recent positions and camping on the sidelines to await company outlooks as what is expected to be a grim results season begins.
Asian stocks slid for a second day on Wednesday while the U.S. dollar climbed, with investors fleeing to the sidelines to await companies' business outlooks as what is expected to be a grim results season begins.
A deficit of aluminum in China will be short lived as rumors that smelters are preparing to restart production circulate, Alcoa chief executive Klaus Kleinfeld said on Tuesday.
Bed Bath & Beyond Inc reported a quarterly profit on Tuesday that easily topped Wall Street estimates, as sales were not as bad as feared, helping to send shares of the home furnishings retailer up 13.7 percent in after-hours trading.
Stocks slid on Tuesday, hammered by fears that companies will show they struggled in the first quarter as the recession dragged on as the earnings season kicked off with Alcoa.
General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.
Aluminum giant Alcoa Inc continued to grapple with the economic downturn in the first three months of 2009 as its measures to stem losses bore fruit, reporting a deficit half as small as the previous quarter.
