U.S. stocks were poised to open little changed on Friday as investors nervously awaited fresh data, including new home sales for July, for clues on the health of the economy. On Thursday, the head of the biggest U.S. mortgage company, Countrywide, said the persistent U.S. housing market downturn could lead to a recession.
Broadridge Financial Solutions Inc , which was spun off at the end of March by Automatic Data Processing Inc, said on Wednesday quarterly profit fell 2 percent, as expenses grew faster than revenue.
The U.S. mortgage and credit crisis deepened on Wednesday, as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced a total of 3,400 job cuts, as concern mounted about the longer-term impact on the economy.
Adams Respiratory Therapeutics Inc posted a quarterly loss, forecast its outlook for the year below Wall Street expectation and indicated that its key drug may face competition from a generic version.
As the stock exchanges prepare to release their monthly short interest reports this week, Wall Street is waiting with more anticipation than usual.
U.S. casino operator Trump Entertainment Resorts Inc. has made diversifying beyond Atlantic City, New Jersey, a priority and is closing in on its first deal, its chief executive said on Monday.
The Federal Reserve came to the stock market's rescue on Friday but unless credit markets remain stable next week, the salvation may prove little more than a brief respite from its late summer sell-off.
Stocks surged on Friday to end a turbulent week after the Federal Reserve cut the discount rate it charges banks in an emergency move to stabilize credit markets and keep the economy on track. World stock markets have fallen sharply, with investors fleeing riskier assets as problems in U.S. subprime mortgage lending spread rapidly in other credit markets .
Reliant Pharmaceuticals Inc. filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of common stock.
The Ministry of Tourism has 417 employees and big plans: 'We need three or four times as many hotels as we have now,' says Nimrud Youkhana, the minister, 'and we need to get more airlines to fly here.'
International Business Machines Corp. (NYSE: IBM) is giving a boost to its information services business, announcing it has agreed to acquire privately held data management company Princeton Softech for an undisclosed amount.
Stocks slid sharply on Friday after Bear Stearns said credit markets were in their worst shape in two decades, while jobs data aroused further concerns about weakness in the economy.
The regulatory arm of the New York Stock Exchange has censured and fined Citigroup Inc.'s Smith Barney unit $50 million for improper trading practices, including deceptive market timing by its brokers.
Heating and cooling systems maker American Standard Cos. Inc. said on Monday that it reached an accord to sell its bath and kitchen business to funds advised by private equity firm Bain Capital Partners LLC for $1.755 billion.
Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.
A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.
The Bush administration is expected to slash its 2007 budget deficit estimate when it updates its forecast on Wednesday, but uncertainty over slowing corporate receipts may lead the White House to express a more cautious view than some in the financial markets.
Johnson & Johnson said on Monday it will repurchase up to $10 billion of its common stock in the largest buyback in its history, sending its shares almost 2 percent higher.
U.S. stocks could rise this week if the first wave of quarterly earnings inject optimism about results for the period and on economic growth that has surprised on the upside.
Stocks rose on Friday, with all three major Wall Street indexes poised to end the week higher, after rising oil prices lifted energy shares and a stronger-than-expected jobs report indicated strength in the economy.
U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.
Casino operator Trump Entertainment Resorts Inc. said on Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 18 percent.
