Wall Street dives on weak consumer sentiment and revenues
Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed U.S. stocks on Friday, driving down major indexes more than 2 percent.
Consumer prices drop, sentiment sours
Weak energy costs pushed U.S. consumer prices down for a third straight month in June while consumer sentiment dropped to a near one-year low in July, highlighting the sluggishness of the economic recovery.
SEC creates units for financial firms, ABS
The Securities and Exchange Commission said on Friday it created three expert units to focus on big financial companies, complex securities and securities offerings.
Faltering consumers and weak revenues pound Wall Street
Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed stocks on Friday, driving down major indexes more than 2 percent.
Dell proposes SEC deal, adjourns annual meeting
Dell Inc proposed a settlement with U.S. financial regulators over a long-running investigation of the computer maker's accounting, and adjourned its annual shareholders meeting on Friday.
Bank of America and Citi results show hurdles ahead
Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
Stocks drop 3 percent on earnings and data
Stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling.
Investors uneasy as Google costs rise
Google Inc is pumping hundreds of millions of dollars into new businesses, but Wall Street is nervous about the ultimate payoff.
Wall Streets falls as consumer data
Stocks tumbled on Friday after consumer sentiment hit nearly a one-year low and GE and two major U.S. banks reported disappointing quarterly revenue.
GE ends long profit slump, but revenue falls short
General Electric Co posted its first quarterly profit increase in more than two years on Friday, but a sharper-than-expected drop in revenue spooked investors and its shares fell about 4 percent.
RealD, Qlik rally IPO market
Shares in RealD Inc , whose 3D technology was used to help make the movie Avatar, opened more than 22 percent above their initial public offering price on Friday and shares of business software maker Qlik Technologies Inc opened 20 percent higher.
First Horizon swings to surprise Q2 profit
First Horizon National Corp , the largest bank in Tennessee with over $26 billion in assets, posted a surprise profit, helped by improving credit quality and said the overhaul of U.S. financial rules will not affect its capital position.
CenturyTel-Qwest deal wins U.S. antitrust approval
CenturyTel Inc has won U.S. antitrust approval to buy Qwest Communications International Inc , the Federal Trade Commission said on Friday.
Tesla, Toyota to make electric RAV4 for U.S.
Tesla Motors Inc and Toyota Motor Corp said on Friday that they will together build and market an electric RAV4 sports utility vehicle by 2012.
Toyota complaints fall as U.S. reviews intensify
Complaints to U.S. regulators of unintended acceleration in Toyota Motor Corp vehicles are down sharply as separate government and expert reviews of the matter move forward.
Apple faces music on iPhone flaw but recall unlikely
Apple Inc is likely to announce a fix for the iPhone 4's reception problems on Friday rather than recall the device, hoping to stem a growing chorus of complaints and avert any lasting damage to its carefully earned reputation for quality products.
Daimler to raise forecast after strong Q2
Daimler pledged to raise its 2010 earnings forecast later this month after unveiling a strong preliminary second-quarter figures driven by excellent results at its Mercedes-Benz luxury car brand.
U.S. car brands top imports in consumer appeal study
U.S.-based automakers led by Ford Motor Co have surpassed foreign brands in vehicle appeal for the first time in 13 years.
Hyundai Motor shares fall on strike fears
Shares in South Korea's top carmaker Hyundai Motor (005380.KS) declined 4 percent on Friday, hit by mounting worries about potential labor disputes after wage talks with its domestic union collapsed.
Automakers broaden objections to U.S. safety bill
Major automakers broadened their objections on Thursday to proposed U.S. auto safety legislation, including one provision they say could trigger more lawsuits.
Wall Street slides as consumer data disappoints
U.S. stock indexes fell as much as 2.4 percent on Friday after consumer sentiment fell to an 11-month low and consumer prices fell, while GE and two big U.S. banking companies missed quarterly revenue expectations.
Consumer sentiment sinks to lowest in 11 months
Consumer sentiment weakened in early July to its lowest in 11 months on a resurgence in fears about the economy, a year since the recovery began, a private survey released on Friday showed.
Consumer prices point to weak demand
Consumer prices fell for a third straight month in June due to lower energy costs, according to a government report on Friday that pointed to subdued inflation pressures amid sluggish domestic demand.
Management Tip of the Day: Things to do if you're stuck in a job
The number of people feeling stuck in their jobs rose as the recession put promotions on hold and crippled the job market.
Analysis: Tough choices ahead for housing system
Faced with a lose-lose proposition, Congress put off its decision on the fate of mortgage finance companies Fannie Mae and Freddie Mac, perhaps hoping the housing market recovers before losses get too big.
RBS may seek more after $100 million Goldman payout
Royal Bank of Scotland may pursue Goldman Sachs for hundreds of millions of dollars to add to $100 million it got as part of a settlement over the marketing of a subprime mortgage product.
Mattel misses on weak cost-cutting, euro; stock down
Mattel Inc reported a smaller-than-expected quarterly profit as lackluster cost-cutting and a weakening euro offset strong Hot Wheels sales and the boost the company got from merchandise tied to the blockbuster film Toy Story 3.
Consumer prices fall in June on energy
Consumer prices fell for a third straight month in June due to lower energy costs, according to a government report on Friday that pointed to subdued inflation pressures amid sluggish domestic demand.
Basel Committee says agrees bank buffer strategy
Banking supervisors published draft rules on Friday that will force banks around the world to build up extra capital in a boom, but gave no hint of what level of funds lenders would be required to hold.
U.S. consumer prices fall in June on energy
U.S. consumer prices fell for a third straight month in June due to lower energy costs, according to a government report on Friday that pointed to subdued inflation pressures amid sluggish domestic demand.