U.S. stocks closed out a year of double-digit gains and the S&P's best December since 1991 with a quiet and little changed session on Friday as investors found no reason to make big bets ahead of the new year.
Over one million people each year throng the streets of Times Square in New York City on Dec. 31 to watch the falling Ball to celebrate the passage of another year and welcome 2011.
BlackRock is planning to launch an internal trading platform next year, a move that could put a pressure on the profits of many Wall Street firms.
The Dow and S&P 500 rose in light trading on Tuesday, extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares.
Stocks finished narrowly mixed in very light trading as a monstrous snow storm on the East Coast likely kept many traders home and a rate hike over the weekend by China dampened some investor sentiment.
Goldman Sachs has adopted a new long-term bonus plan that lets the board award cash and stock on top of existing compensation, but lets the firm take back money if the employee takes too much risk, the investment banker said in filing with securities regulators.
The top after-market NYSE gainers on Thursday are: KB Home, Lennar Corp, Phoenix Companies, Toll Brothers, Office Depot, New York Community Bancorp and Trex.
General Electric Co plans to put aside another $500 million to dredge toxic chemicals it dumped into New York's Hudson River more than 30 years ago, bringing the clean-up bill to $1.33 billion over two decades.
The top after-market NYSE losers on Wednesday are: Carnival Corp, Christopher & Banks, Phoenix Companies, Orbitz Worldwide, Quiksilver and Invesco.
Google said it bought a new office building in New York, in a deal reportedly for $1.77 billion.
The companies which are expected to see active trade on Wednesday are NIKE, Red Hat, Bed Bath & Beyond, Tibco Software, Xilinx, Hovnanian Enterprises and Walgreen.
The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.
U.S. stocks rose on Tuesday as solid earnings and a flurry of merger activity underpinned a steady upward trend that reinforced investor optimism for the coming year.
During a rainstorm in Washington in early 2009, amid the furor over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
The companies which are expected to see active trade in Friday are Oracle, Accenture, Research In Motion, MasterCard and Lincoln National.
The top after-market NYSE gainers on Thursday are Office Depot, Accenture, Salesforce.com and American Express. The top after market NYSE most active stocks are Citigroup, Boston Scientific, Sprint Nextel Corporation and Bank of America.
Stocks rose, likely boosted by a drop in jobless claims and an optimistic forecast by FedEx Corp. (NYSE: FDX), ahead of post-closing earnings reports from Research In Motion (Nasdaq: RIMM) and Oracle (Nasdaq: ORCL).
The companies which are expected to see active trade in Thursday are Oracle, Accenture, Research In Motion, Danaher, FedEx and General Mills.
In spite of a fragile U.S. economy, 2010 could end up the second most profitable year for New York City’s securities industry, with the average Wall Street bonus topping last year’s figure due to fewer workers and high earnings, according to a report by the State Comptroller of New York.
US-based Macy's, Inc. announced the construction of a 1.3 million square foot fulfillment center near Martinsburg in West Virginia to support the continued growth of its online business.
Stocks finished narrowly mixed in lethargic trading as an early jump on a benign jobless claims data faded away on a stronger U.S. dollar and later on news that Democrats in the House voted against considering the tax cut extensions that President Obama negotiated with Republicans.
CBS Corp Chief Executive Leslie Moonves is optimistic about 2011 advertising trends and expects the brisk pacing of ad revenue growth to continue in the first quarter.
