General Growth Properties Inc , the No. 2 U.S. mall owner, said on Monday some of its lenders had agreed give it more time to refinance its debts, pushing off yet again the threat of bankruptcy.
Asian stocks climbed on Tuesday, with banks extending gains on hopes the struggling global financial system is stabilizing, despite reports showing the U.S. economy is deteriorating further.
Advisers to bondholders of General Motors Corp said on Monday they have presented a framework plan to President Barack Obama's autos task force and the ailing No. 1 U.S. automaker that provides the company's best chance for an out-of-court restructuring.
U.S. bank stocks, which had their best week on record last week, powered higher amid optimism they can soon return to profitability, only to give back their gains after American Express Co said more credit card customers are missing payments.
Stocks fell on Monday after American Express Co said the number of people struggling to make credit card payments grew, erasing earlier optimism that banks could return to profit in the downturn.
U.S. bank stocks, which had their best week on record last week, powered higher again on Monday amid optimism that banks are succeeding in efforts to restore profitability, and that a change to accounting rules might alleviate feared capital shortfalls.
Stocks rose for a fifth day in a row on Monday after Barclays joined other major banks in saying it had a strong start for 2009, fueling hopes that the beaten-down sector may be stabilizing.
The Dow industrials and the S&P 500 climbed on Monday as Barclays said it had a strong start for 2009, joining other major banks, and added it discussed selling one of its units.
Bank stocks rose Monday on optimism that efforts to revive economies worldwide will bolster results.
The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.
The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.
Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
British bank Barclays Plc on Monday confirmed it had discussed selling its iShares unit and said it was trading strongly, sending its shares up by more than a fifth.
World stocks climbed again on Monday for their fifth session gain in a row, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper equities.
Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.
Dow Jones futures traded 0.7 percent higher by 5:45 a.m. EDT on Monday while S&P 500 futures rose 1.1 percent and Nasdaq futures gained 0.6 percent, pointing to a higher opening on Wall Street.
World stocks climbed again on Monday for their fifth session gain in a row, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper equities.
Dow Jones futures traded 0.7 percent higher by 0945 GMT (5:45 a.m. EDT) on Monday while S&P 500 futures rose 1.1 percent and Nasdaq futures gained 0.6 percent, pointing to a higher opening on Wall Street.
Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking industry sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Asian stocks struck a one-month high on Monday as reassurances over the health of the U.S. banking sector sparked a broad recovery in investor appetite for risk, while safe-haven government bonds also gained on hopes for more central bank buying.
Investors are dubious that Wall Street's best week since November means the stock market has found a bottom.
NEW YORK - U.S. stocks fell on Friday as uncertainty about how the government will help clean up bank balance sheets tempered earlier optimism and hurt financial shares, while large-cap techs weighed.
U.S. stocks fell on Friday as uncertainty about how the government will help clean up bank balance sheets tempered earlier optimism and hurt financial shares, while large-cap techs weighed.
Stocks fell in choppy trade on Friday as financial shares retreated and a drop in big-cap technology shares derailed Wall Street's attempt to notch up a fourth straight day of gains.
The Dow and the S&P 500 stock indexes rose for a fourth straight day on Friday after Citigroup said it did not need any more government aid, bolstering hopes that stabilization is returning to banking.
Workers at a Sony plant in southwestern France detained the chief executive of the Japanese group's French arm overnight to demand better layoff terms when their factory closes in April.
Stock index futures pointed to a fourth straight day of gains on Friday after Citigroup said it did not need any more government capital infusions, bolstering investor optimism that banks might be seeing some stabilization.
American Axle & Manufacturing Holdings Inc's auditors have said the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler .
The global restaurant industry is projected to expand on a long-term basis due to continued population growth, higher per-capita incomes, and ongoing demand for dining out, Robert W. Baird & Co said.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.3-0.6 percent, pointing to a higher start on Wall Street on Friday.
