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US close: Techs led stocks higher
Thursday 15 May 2008
Stocks rallied after a weak start with tech stocks to the fore helping all three main indices notch up decent gains.
CBS to buy technology news company CNet
Thursday 15 May 2008
US media titan CBS is to buy online technology news company CNet Networks for $1.8bn. The price represents a 45% premium to CNet’s current value based on its share price, CBS said.
US midday: Solid gains for the Dow
Thursday 15 May 2008
US stocks rallied up as the morning session came to a close despite US industrial production in April falling more than anticipated.
Bernanke wants banks to raise more
Thursday 15 May 2008
Federal Reserve chairman Ben Bernanke has urged US banks to raise more capital and be less conservative in their lending to help kick-start the US economy.
US open: Yahoo! back in play
Thursday 15 May 2008
US stocks are mixed after US industrial production in April fell more than anticipated.
US industrial production slides more than expected
Thursday 15 May 2008
US industrial production fell more than expected in April, with production levels affected by a large drop in the output of motor vehicles and parts.
US pre-open: Stocks seen wth modest gains
Thursday 15 May 2008
US stocks are expected to start with good gains as investors anticipate the release of a raft of economic and earnings data.
Europe: Bourses little changed
Thursday 15 May 2008
European shares were flat midday with banks in the limelight once again after Barclays refused to rule out a rights issue.
Asia: Stocks mixed
Thursday 15 May 2008
Asian stocks were mixed with Japan’s Nikkei getting a boost from some positive corporate news.
US close: Mild inflation helps stocks
Wednesday 14 May 2008
US stocks finished in the blue even though stocks retreated near the close as excitement over better than expected inflation figures quickly wore off.
Whole Foods wilts on profits miss
Wednesday 14 May 2008
Shares in Whole Foods Market wilted Wednesday after the natural foods grocer reported a slowdown in sales growth and posted disappointing second quarter profits
US midday: Dow Jones posts triple digit gain
Wednesday 14 May 2008
Better than expected inflation figures gave US equities a lift, with sentiment further boosted by sharply reduced losses as mortgage clearing house Freddie Mac.
Freddie Mac calls for cash again
Wednesday 14 May 2008
Government-chartered mortgage buyer Freddie Mac is to return to the market for more funds after posting its third quarterly loss in succession.
US inflation eases
Wednesday 14 May 2008
US consumer prices rose slightly less than expected in April, despite soaring food costs.
US open: Stocks up on inflation report
Wednesday 14 May 2008
US stocks have surged ahead in opening trades after a better-than-expected reading in the government’s inflation report.
Europe: Markets cautiously higher
Wednesday 14 May 2008
Europe’s main markets were slightly higher midday, led by aerospace and defence group EADS which reported better than expected first quarter earnings.
Asia: Nikkei advances, Hong Kong lower
Wednesday 14 May 2008
The Nikkei rose on Wednesday with exporters such as Honda, Canon and Fanuc in demand as the yen extended its fall against the dollar.
US close: Late rally not enough
Tuesday 13 May 2008
US stocks rallied near the close but the top 30 still ended the day in the red despite Hewlett Packard buying Electronic Data Systems for $13.9bn in cash.
US midday: Stocks deep in the red
Tuesday 13 May 2008
US stocks were down deep in the red as investors contemplated mixed retail data and Wal-Mart's cautious outlook.
US April car sales slump, other sales pick up
Tuesday 13 May 2008
Mixed retail data emerged from the US Tuesday as non-car retail sales in April rose ahead of expectations, but the overall figure for retail sales fell by 0.2% as Americans cut back on buying new cars.

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