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Wall Street Week Ahead: Market is oversold, but major signs say “sell”

Jude Emantsal — Sun, 20 May 2012 22:03:20 +0000

NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

Reuters: Business News

Samsung’s mobile chief says has options to settle war with Apple

Jude Emantsal — Sun, 20 May 2012 10:35:49 +0000

SEOUL (Reuters) – Samsung Electronics’ mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc..

Reuters: Business News

Google says it won China’s approval for Motorola deal

Jude Emantsal — Sat, 19 May 2012 23:05:34 +0000

(Reuters) – Google said on Saturday that Chinese authorities have approved its $ 12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones.

Reuters: Business News

Historic Facebook debut falls flat

Jude Emantsal — Sat, 19 May 2012 11:34:15 +0000

SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.

Reuters: Business News

Wall St Week Ahead: The market is oversold, but major signs say “sell”

Jude Emantsal — Sat, 19 May 2012 00:13:39 +0000

NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

Reuters: Business News

Stocks futures rise, markets to close worst week of year

Jude Emantsal — Fri, 18 May 2012 12:35:45 +0000

NEW YORK (Reuters) – Stock index futures edged up on Friday but major indexes were setting up to close their worst week of the year, while Facebook’s debut could help lift battered investor sentiment.

Reuters: Business News

Facebook wraps up IPO, set for big Friday pop

Jude Emantsal — Fri, 18 May 2012 01:09:33 +0000

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc is set to raise up to $ 18.4 billion in its IPO and become the first U.S. company to be worth more than $ 100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday.

Reuters: Business News

Jobless claims steady, labor worries persist

Jude Emantsal — Thu, 17 May 2012 13:37:25 +0000

WASHINGTON (Reuters) – New claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth.

Reuters: Business News

Europe drags down Wall Street a fourth day

Jude Emantsal — Thu, 17 May 2012 02:09:21 +0000

NEW YORK (Reuters) – Stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the euro zone.

Reuters: Business News

Wall Street edges higher at open

Jude Emantsal — Wed, 16 May 2012 14:41:12 +0000

NEW YORK (Reuters) – Stocks rose on Wednesday with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as encouraging for markets.

Reuters: Business News