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Big mood shift seen in year after Lehman

U.S. stocks are poised to repeat their advance this week as investors bet that the economic recovery is gaining strength and company outlooks are turning rosier.
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Wall Street closes up, S&P posts highest '09 finish

U.S. stocks closed higher for a fourth straight day on Wednesday, sending the Standard & Poor's 500 index to its best finish so far this year as industrial and technology companies gained from a weak dollar.
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Wall Street ends up for 4th consecutive session

U.S. stocks closed higher for a fourth straight day on Wednesday, sending the Standard & Poor's 500 index to its best finish so far this year as industrial and technology companies gained from a weak dollar.
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New Jersey Nets sign practice jersey sponsor deal

The New Jersey Nets have signed a deal to make a manufacturer of computing and digital imaging products the sponsor for its practice jerseys, a first for a team in the National Basketball Association.
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M&A optimism lifts Wall Street

U.S. stocks rose on Tuesday as natural resource shares gained from higher commodities while Kraft Foods Inc's offer for confectioner Cadbury raised hopes about more mergers and acquisitions.
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Wall Street set to rise on commodities, M&A

Wall Street was set to open nearly 1 percent higher on Tuesday as rising commodity prices and an uptick in merger and acquisition activity fueled hopes the economy is strengthening.
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Nortel receives more bids for enterprise unit

Avaya Inc is not the sole bidder for the Nortel Networks Corp business that builds networks for large corporate clients, the bankrupt Canadian telecom equipment maker said on Friday.
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CIT extends CEO Peek's contract for one year

CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy.
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U.S. private job losses, planned layoffs fall

The United States lost fewer private sector jobs in August than in the prior month while companies also planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market.
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Senate urged to let states keep climate plans

Five states have asked U.S. Senate leaders to let them impose stricter limits on greenhouse gas emissions than what would be permitted under the climate legislation working its way though Congress, saying both levels of regulation are necessary to fight global warming.
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U.S. mortgage applications slip, loan rates dip

U.S. mortgage applications slid last week even as mortgage rates edged lower, with requests for loans to buy homes declining for the first time since early July, an industry group said on Wednesday.
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U.S. factory, home sales data signal recovery

The U.S. manufacturing sector grew for the first time in 19 months in August and home sales contracts hit a two-year high in July, more evidence the economy was pulling out of the worst recession in 70 years, reports on Tuesday showed.
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Cash-poor Philly borrows $275 mln to pay vendors

Philadelphia will take out a $275 million short-term loan from JPMorgan Chase to pay vendors that have gone without compensation since July because of one of the the worst budget crises in nearly 50 years, Democratic Mayor Michael Nutter said on Tuesday.
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Forex.com parent seeks $125 mln in IPO

Gain Capital Holdings Inc, an online provider of retail foreign exchange trading services, is planning to raise up to $125 million in the public markets, according to a regulatory filing on Monday.
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US STOCKS-Futures point lower ahead of ISM, housing

U.S. stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
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Stock futures lower ahead of manufacturing data

Stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.

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