BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[AOL Buys Huffington Post: A New Era of Online News]]>http://www.bloggingstocks.com/2011/02/07/aol-buys-huffington-post/http://www.bloggingstocks.com/2011/02/07/aol-buys-huffington-post/http://www.bloggingstocks.com/2011/02/07/aol-buys-huffington-post/#commentsOnline media giant AOL (AOL) has bought The Huffington Post for $315 million. It will pay $300 million in cash, the rest in stock for the news website.

When The Huffington Post raised money just over a year ago, the value of the site was rumored to be $125 million. It has 25 million unique users a month, according to Comscore figures. AOL has just over 90 million. The combined user bases could push the total ahead of MSN, the Microsoft (MSFT) portal, and perhaps Yahoo! (YHOO).

AOL, the parent company of BloggingStocks, said in a release that Arianna Huffington would lead the newly formed Huffington Post Media Group, which will integrate all the content from The Huffington Post and AOL sites, from politics and finance to Moviefone and Mapquest.

Continue reading AOL Buys Huffington Post: A New Era of Online News

AOL Buys Huffington Post: A New Era of Online News originally appeared on BloggingStocks on Mon, 07 Feb 2011 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AOLAOL buys Huffington PostArianna huffingtonfeaturedhuffington postMSFTNYTtim armstrongWPOYHOOMon, 07 Feb 2011 09:00:00 EST<![CDATA[Is News Corp. Saying Goodbye to MySpace?]]>http://www.bloggingstocks.com/2011/02/03/is-news-corp-saying-goodbye-to-myspace/http://www.bloggingstocks.com/2011/02/03/is-news-corp-saying-goodbye-to-myspace/http://www.bloggingstocks.com/2011/02/03/is-news-corp-saying-goodbye-to-myspace/#commentsFiled under: ,

There have been rumors for some time, fueled by occasional comments from News Corp., that the media giant's days of owning also-ran social network MySpace are numbered. News Corp. COO Chase Carey indicated that MySpace may be sold or spun out when he spoke on the company's earnings call on Feb. 2.

Buried in a line item of the News Corp. (NWS) fiscal second-quarter earnings release were the results of MySpace, under the category of "Other." The description of the segment was: "The Other segment reported a second-quarter operating loss of $156 million, which is $31 million greater than the prior year. This decline was primarily due to increased losses at the Digital Media Group, stemming largely from lower search and advertising revenues at MySpace."

Continue reading Is News Corp. Saying Goodbye to MySpace?

Is News Corp. Saying Goodbye to MySpace? originally appeared on BloggingStocks on Thu, 03 Feb 2011 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>FacebookfeaturedGOOGinthenewsMWSMySpaceThu, 03 Feb 2011 10:30:00 EST<![CDATA[American Air Pulls Tickets from Orbiz]]>http://www.bloggingstocks.com/2010/12/22/american-air-pulls-tickets-from-orbiz/http://www.bloggingstocks.com/2010/12/22/american-air-pulls-tickets-from-orbiz/http://www.bloggingstocks.com/2010/12/22/american-air-pulls-tickets-from-orbiz/#commentsFiled under: , ,

American Airlines (AMR) logoAMR (AMR) operating unit American Air pulled the ability to buy its tickets from travel site Orbitz.

"Effective December 21, 2010, schedules and fares for flights on American Airlines and American Eagle are no longer available on Orbitz.com or websites powered by Orbitz.com", the company said. Tickets will still be sold through travel agencies and at the firm's own website -- AA.com.

Continue reading American Air Pulls Tickets from Orbiz

American Air Pulls Tickets from Orbiz originally appeared on BloggingStocks on Wed, 22 Dec 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaamerican airlinesAMRDirect ConnectfeaturedinthenewsorbitzWed, 22 Dec 2010 11:00:00 EST<![CDATA[Stocks at Two-Year High: What Lies Ahead?]]>http://www.bloggingstocks.com/2010/12/13/stocks-at-two-year-high-the-way-forward/http://www.bloggingstocks.com/2010/12/13/stocks-at-two-year-high-the-way-forward/http://www.bloggingstocks.com/2010/12/13/stocks-at-two-year-high-the-way-forward/#commentsFiled under: ,

The S&P 500 is now at a two-year high, closing last week at 1,240.40. The index last hit that level in September 2008.

Some analysts believe that the market trades ahead of what it sees in the economy six months out. If that's true, Wall Street expects improved employment, a moderately rising GDP, and early signs of a real estate recovery.

Continue reading Stocks at Two-Year High: What Lies Ahead?

Stocks at Two-Year High: What Lies Ahead? originally appeared on BloggingStocks on Mon, 13 Dec 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bear marketbull marketfeaturedinthenewsSP 500unemploymentMon, 13 Dec 2010 10:00:00 EST<![CDATA[Closing Bell: Stocks Seesaw on GDP Report (FSLR, PWER, HAL, FMR, VVUS]]>http://www.bloggingstocks.com/2010/10/29/closing-bell-stocks-seesaw-on-gdp-report-and-anticipation-of-ne/http://www.bloggingstocks.com/2010/10/29/closing-bell-stocks-seesaw-on-gdp-report-and-anticipation-of-ne/http://www.bloggingstocks.com/2010/10/29/closing-bell-stocks-seesaw-on-gdp-report-and-anticipation-of-ne/#commentsFiled under: ,

Stocks opened lower this morning before getting a boost from the report that US GDP growth in the third quarter tallied an expected 2%. Then a report on consumer confidence sent the market sharply lower before it rebounded again to positive territory before heading slightly lower again.

On this final trading day of October -- and the 81st anniversary of the crash of 1929 -- stocks are poised to maintain their gains for the month. The DJIA is up about 3% in the month, while the S&P 500 is up 3.7%. The dollar weakened slightly today, down 0.1% against a basket of six other currencies. All eyes are now focused on next Tuesday's elections and Wednesday's meeting of the Fed's open market committee.

Continue reading Closing Bell: Stocks Seesaw on GDP Report (FSLR, PWER, HAL, FMR, VVUS

Closing Bell: Stocks Seesaw on GDP Report (FSLR, PWER, HAL, FMR, VVUS originally appeared on BloggingStocks on Fri, 29 Oct 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>first mercury financialfirst solarhalliburtonpower-onevivusFri, 29 Oct 2010 16:40:00 EST<![CDATA[Closing Bell: A Round Trip to a Plus Day (AMZN, AXP, MCD, EBAY, NFLX)]]>http://www.bloggingstocks.com/2010/10/21/closing-bell-a-round-trip-to-a-plus-day/http://www.bloggingstocks.com/2010/10/21/closing-bell-a-round-trip-to-a-plus-day/http://www.bloggingstocks.com/2010/10/21/closing-bell-a-round-trip-to-a-plus-day/#commentsFiled under: , , , , , , , ,

The market started well enough as McDonald's Corporation (MCD), Netflix, Inc. (NFLX), eBay, Inc. (EBAY), and several other companies posted strong earnings. Weekly jobless claims, notoriously fickle, fell 23,000 to 452,000. The total is still within the troubling range that indicates job creation is nil.

The market lost all of its morning momentum when the Philly Fed index came in slightly below expectations which was viewed as a sign by traders that better earnings are not necessarily tied to better economic fundamentals. Companies which do business in the emerging world markets like McDonald's and Caterpillar may buck US headwinds, but many firms do not enjoy that geographic diversity.

The numbers:

Dow Jones 11,146.79 +38.82 (0.35%)
S&P 500 1,180.23 +2.06 (0.17%)
Nasdaq 2,459.67 +2.28 (0.09%)

Continue reading Closing Bell: A Round Trip to a Plus Day (AMZN, AXP, MCD, EBAY, NFLX)

Closing Bell: A Round Trip to a Plus Day (AMZN, AXP, MCD, EBAY, NFLX) originally appeared on BloggingStocks on Thu, 21 Oct 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMZNAXPCATMCDNFLXThu, 21 Oct 2010 16:00:00 EST<![CDATA[Graco Recalls 2 Million Strollers]]>http://www.bloggingstocks.com/2010/10/21/graco-recall-earnings/http://www.bloggingstocks.com/2010/10/21/graco-recall-earnings/http://www.bloggingstocks.com/2010/10/21/graco-recall-earnings/#commentsFiled under: ,

Graco (GGG) logoGraco (GGG), which manufactures children's products, recalled 2 million strollers Wednesday because they can cause strangulation to children under 12 months of age. The action includes Quattro Tour models made before November 2006 and MetroLite strollers and travel systems made before July 2007.

Graco said that children can slip through the space between the tray and seat when they are not harnessed. The company reported that the problem has caused nine injuries, but four deaths have apparently been tied to the strollers as well. The deaths occurred between 2003 and 2005, according to Consumer Reports. Graco is urging consumers to stop using the products immediately and contact the company for a free repair set. Graco has listed the products involved at its website.

Continue reading Graco Recalls 2 Million Strollers

Graco Recalls 2 Million Strollers originally appeared on BloggingStocks on Thu, 21 Oct 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crib recallGGGGracoGraco recallinthenewsrecallstroller recallThu, 21 Oct 2010 10:30:00 EST<![CDATA[Despite Economic Woes, Wall Street Pay Set to Jump]]>http://www.bloggingstocks.com/2010/10/12/despite-economic-woes-wall-street-pay-set-to-jump/http://www.bloggingstocks.com/2010/10/12/despite-economic-woes-wall-street-pay-set-to-jump/http://www.bloggingstocks.com/2010/10/12/despite-economic-woes-wall-street-pay-set-to-jump/#commentsWall Street employees will make a record $144 billion this year -- a 4% increase from 2009. The Wall Street Journal reported that the compensation figures comprise pay and benefits at "about three dozen of the top publicly held securities and investment-services firms -- which include banks, investment banks, hedge funds, money-management firms and securities exchanges."

Revenue will rise at 29 of the 35 firms that had their pay plans examined by the paper. But the Journal says that revenue at the firms will not rise as quickly as compensation. Wall Street revenue is expected to improve 3% to $448 billion this year compared to last. Employee payout as a percent of revenue will remain flat at 32.1%.

Continue reading Despite Economic Woes, Wall Street Pay Set to Jump

Despite Economic Woes, Wall Street Pay Set to Jump originally appeared on BloggingStocks on Tue, 12 Oct 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankersfeaturedinthenewswall street bonuseswall street payTue, 12 Oct 2010 09:00:00 EST<![CDATA[Closing Bell: Market Rockets Higher (AMD, PBR, XOM)]]>http://www.bloggingstocks.com/2010/09/24/closing-bell-market-rockets-higher/http://www.bloggingstocks.com/2010/09/24/closing-bell-market-rockets-higher/http://www.bloggingstocks.com/2010/09/24/closing-bell-market-rockets-higher/#commentsFiled under: , , , , ,

The overall markets were up about 2% today, primarily because of a rise in capital goods spending. New durable goods orders excluding transportation rose 2% in August. Wall St. took this as a sign that businesses as a whole are not terribly concerned about a double dip recession.

The market ignored bad news about housing, perhaps because it has been bad for months and that is expected to continue at least through the end of the year. New home sales remained flat in August according to the Commerce Department at a level of 282,000. Most analysts believed the figure would be above 300,000.

Today's closing bell numbers:

Dow Jones 10,860.26 +197.84 (1.86%)
S&P 500 1,148.67 +23.84 (2.12%)
Nasdaq 2,381.22 +54.14 (2.33%)

Continue reading Closing Bell: Market Rockets Higher (AMD, PBR, XOM)

Closing Bell: Market Rockets Higher (AMD, PBR, XOM) originally appeared on BloggingStocks on Fri, 24 Sep 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMDcomputer processorsdouble dip recessioneconomyoilPBRXOMFri, 24 Sep 2010 16:20:00 EST<![CDATA[Marker Close: Another Listless Trading Day (BAC, NVDA, TXN, AMD, BIDU, YHOO)]]>http://www.bloggingstocks.com/2010/09/23/marker-close-another-listless-trading-day-bac-nvda-txn-amd/http://www.bloggingstocks.com/2010/09/23/marker-close-another-listless-trading-day-bac-nvda-txn-amd/http://www.bloggingstocks.com/2010/09/23/marker-close-another-listless-trading-day-bac-nvda-txn-amd/#commentsFiled under: , , , , , , , ,

The market went up and then down. By the end of the trading day, most of the indexes were in the red, but not by much. The two pieces of news that traders had to digest both came early in the day. The National Association of Realtors said existing home sales rose 7.6% to a seasonally adjusted rate of 4.13 million. Housing market progress is still painfully slow. Weekly jobless claims, a notoriously fickle number, rose 12,000 to 465,000. A better indication of the job market -- continuing claims -- fell 48,000 to 4.49 million. The figure is still staggeringly large and a sign the the joblessness problem remains firmly entrenched.

The numbers:

Dow Jones 10,662.42 -76.89 (-0.72%)
S&P 500 1,124.83 -9.45 (-0.83%)
Nasdaq 2,327.08 -7.47 (-0.32%)

Continue reading Marker Close: Another Listless Trading Day (BAC, NVDA, TXN, AMD, BIDU, YHOO)

Marker Close: Another Listless Trading Day (BAC, NVDA, TXN, AMD, BIDU, YHOO) originally appeared on BloggingStocks on Thu, 23 Sep 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMDBACBIDUGOOGNCDATXNYHOOThu, 23 Sep 2010 16:20:00 EST<![CDATA[The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM)]]>http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/http://www.bloggingstocks.com/2010/09/22/the-closing-bell-housing-kills-the-rally/#commentsFiled under: , , , , , ,

The Federal Housing Financial Agency reported home prices reached their lowest point in nearly six years. For the twelve months ending in July, the drop was 3.3% compared to the same period a year earlier. The news set a negative tone, and the market was down all day.

Worried investors poured money into gold after a Fed report yesterday showed worrisome data on the economy. The metal hit $1,290 an ounce and may stay in all-time high record territory if fears about GDP expansion spread. Although it was a down day, the markets showed little damage at the close.

Today's closing bell numbers:

Dow Jones 10,739.31 -21.72 (-0.20%)
S&P 500 1,134.27 -5.51 (-0.48%)
Nasdaq 2,334.55 -14.80 (-0.63%)

Continue reading The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM)

The Closing Bell: Housing Kills the Rally (ADBE, MSFT, BRCD, IBM) originally appeared on BloggingStocks on Wed, 22 Sep 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ADBEBRCDgdpgolden globeshomesMSFTreal estateWed, 22 Sep 2010 16:20:00 EST<![CDATA[Closing Bell: The Fed Is All That Counts (CAG, NOK, VVUS)]]>http://www.bloggingstocks.com/2010/09/21/closing-bell-the-fed-is-all-that-counts-cag-nok-vvus/http://www.bloggingstocks.com/2010/09/21/closing-bell-the-fed-is-all-that-counts-cag-nok-vvus/http://www.bloggingstocks.com/2010/09/21/closing-bell-the-fed-is-all-that-counts-cag-nok-vvus/#commentsFiled under: , , , , , ,

There was a blizzard of economic news today, but the only thing that really counted was the release of the notes from the The Federal Reserve Open Market Committee. The governors decided to keep rates near zero but do nothing beyond that to ease what is clearly a slowing economy. "Employers remain reluctant to add to payrolls. Housing starts are at a depressed level. Bank lending has continued to contract, but at a reduced rate in recent months."

Wall St. temporarily viewed this as news the Fed would ride to the rescue if the economy contracts. The markets traded up right after the 2:15pm announcement but sold off for the balance of the day. The financial world's faith in the Fed's future actions only lasted an hour. The markets ended nearly flat for the day.

Today's unofficial closing numbers:

Dow Jones 10,761.03 +7.41 (0.07%)
S&P 500 1,139.78 -2.93 (-0.26%)
Nasdaq 2,349.35 -6.48 (-0.28%)

Continue reading Closing Bell: The Fed Is All That Counts (CAG, NOK, VVUS)

Closing Bell: The Fed Is All That Counts (CAG, NOK, VVUS) originally appeared on BloggingStocks on Tue, 21 Sep 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CAGFederal ReservefomchousingN8NOKVVUSTue, 21 Sep 2010 16:30:00 EST<![CDATA[Closing Bell: Little Action on Less Care (RIMM, ORCL, JNJ, STU, C and ARNA)]]>http://www.bloggingstocks.com/2010/09/17/closing-bell-little-action-on-less-care-rimm-orcl-jnj-stu/http://www.bloggingstocks.com/2010/09/17/closing-bell-little-action-on-less-care-rimm-orcl-jnj-stu/http://www.bloggingstocks.com/2010/09/17/closing-bell-little-action-on-less-care-rimm-orcl-jnj-stu/#commentsFiled under: , , , , , , , ,

It really wasn't a very good news day for stocks, but the market was flat anyway. The University of Michigan consumer index hit a one year low, which was not expected. It dropped to 66.6 in September from 68.9 last month. Consensus estimates were for the number to be 70.

Consumer inflation literally dropped to zero, once food and energy were factored out. There has not been much talk about deflation recently, but when price pressure dissipates, the specter appears.

Today's closing bell numbers:

Dow Jones 10,607.85 +13.02 (0.12%)
S&P 500 1,125.59 +0.93 (0.08%)
Nasdaq 2,315.61 +12.36 (0.54%)

Continue reading Closing Bell: Little Action on Less Care (RIMM, ORCL, JNJ, STU, C and ARNA)

Closing Bell: Little Action on Less Care (RIMM, ORCL, JNJ, STU, C and ARNA) originally appeared on BloggingStocks on Fri, 17 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ARNACRLXdeflationDiscover FinancialJNJORCLRIMMSallie MaeSTUThe University of Michigan consumer indexFri, 17 Sep 2010 16:00:00 EST<![CDATA[Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL)]]>http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/#commentsFiled under: , , , , , , , , , , ,

Three pieces of information stood out today. The first is that one in seven people lived in poverty last year according the US Census. That is nearly 44 million people. The Census describes these people as members of four person families that make less than $22,000 a year.

Two other pieces of data that showed the economic dreams of many American is eroding were RealtyTrac reported foreclosures hit an all time high since the housing crisis began. In July the figure rose to 95,465. Also in the housing sector, Fannie Mae research reported that while a majority of Americans (67%) continue to believe that buying a home is a safe investment, this fell 16 points since 2003. The market may have gotten the impression from these pieces of news that the recession is not over.

Today's Closing Bell numbers:

Dow Jones 10,594.83 +22.10 (0.21%)
S&P 500 1,124.66 -0.41 (-0.04%)
Nasdaq 2,303.25 +1.93 (0.08%)

Continue reading Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL)

Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL) originally appeared on BloggingStocks on Thu, 16 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLATVIFFDXHPQMark HurdMSFTORCLpovertyRIMMweekly jobless claimsThu, 16 Sep 2010 16:00:00 EST<![CDATA[Closing Bell: The Market Advances Without Conviction (BA, YHOO)]]>http://www.bloggingstocks.com/2010/09/15/closing-bell-the-market-advances-without-conviction-ba-yhoo/http://www.bloggingstocks.com/2010/09/15/closing-bell-the-market-advances-without-conviction-ba-yhoo/http://www.bloggingstocks.com/2010/09/15/closing-bell-the-market-advances-without-conviction-ba-yhoo/#commentsFiled under: , , , , ,

The market ignored intervention on behalf of Japan to drive down the value of the yen and an anemic improvement in August industrial output, which was only up .2%, to post a very modest gain for the day.

Today's closing bell numbers:

Dow Jones 10,572.73 +46.24 (0.44%)
S&P 500 1,125.07 +3.97 (0.35%)
Nasdaq 2,301.32 +11.55 (0.50%)

Continue reading Closing Bell: The Market Advances Without Conviction (BA, YHOO)

Closing Bell: The Market Advances Without Conviction (BA, YHOO) originally appeared on BloggingStocks on Wed, 15 Sep 2010 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airbusAlibaba GroupBAjapanworld trade organizationyenYHOOWed, 15 Sep 2010 16:10:00 EST<![CDATA[Will Cisco Start the Age of the Tech Dividend?]]>http://www.bloggingstocks.com/2010/09/15/will-cisco-start-the-age-of-the-tech-dividend/http://www.bloggingstocks.com/2010/09/15/will-cisco-start-the-age-of-the-tech-dividend/http://www.bloggingstocks.com/2010/09/15/will-cisco-start-the-age-of-the-tech-dividend/#commentsFiled under: , , , , ,

cisco announces dividendCisco (CSCO) will begin to pay a dividend, which is expected to have a yield of 1% to 2%. The payout will start near the end of the company's fiscal year. A few large tech companies like IBM (IBM) and Microsoft (MSFT) have payouts already. There has even been speculation that Microsoft will borrow money to increase its payout and begin a share buyback.

The dividend is often considered a sign that a company's growth has begun to slow and that investors need a new incentive to buy shares. As some of the largest tech firms with huge amounts of cash have posted more modest year-over-year earnings, Cisco's move may be a precedent. It may also be an answer to investors who question what tech companies plan to do with their large cash balances. IBM has $13 billion in cash. Cisco has $35 billion and Microsoft over $36 billion.

Continue reading Will Cisco Start the Age of the Tech Dividend?

Will Cisco Start the Age of the Tech Dividend? originally appeared on BloggingStocks on Wed, 15 Sep 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLcisco dividendCSCODELLdividendfeaturedGOOGIBMinthenewsYHOOWed, 15 Sep 2010 09:00:00 EST<![CDATA[Closing Bell: Choppy But Solid Day Ahead of Unemployment (HPQ, DELL, PAR, ME, BKC, OREX, AAPL)]]>http://www.bloggingstocks.com/2010/09/02/closing-bell-choppy-but-solid-day-ahead-of-unemployment-hpq-d/http://www.bloggingstocks.com/2010/09/02/closing-bell-choppy-but-solid-day-ahead-of-unemployment-hpq-d/http://www.bloggingstocks.com/2010/09/02/closing-bell-choppy-but-solid-day-ahead-of-unemployment-hpq-d/#commentsFiled under: , , , , , ,

Today was up most of the day but it felt choppy compared to yesterday's gains. A strong gas supply, a tick up in housing data, and a small decrease in weekly jobless claims all helped to offer a strong market for many sectors. Here were today's unofficial closing bell levels:

Dow Jones 10,320.10 +50.63 (0.49%)
S&P 500 1,090.10 +9.81 (0.91%)
Nasdaq 2,200.01 +23.17 (1.06%)

Continue reading Closing Bell: Choppy But Solid Day Ahead of Unemployment (HPQ, DELL, PAR, ME, BKC, OREX, AAPL)

Closing Bell: Choppy But Solid Day Ahead of Unemployment (HPQ, DELL, PAR, ME, BKC, OREX, AAPL) originally appeared on BloggingStocks on Thu, 02 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3parmariner energymelco crown entertainmentThu, 02 Sep 2010 16:00:00 EST<![CDATA[Intel Buys Infineon Wireless Unit in a Push into Mobile]]>http://www.bloggingstocks.com/2010/08/30/intel-buys-infineon-wireless-unit-in-a-push-into-mobile/http://www.bloggingstocks.com/2010/08/30/intel-buys-infineon-wireless-unit-in-a-push-into-mobile/http://www.bloggingstocks.com/2010/08/30/intel-buys-infineon-wireless-unit-in-a-push-into-mobile/#commentsIntel (INTC) has a problem. It's the leader in PC chips, but it hasn't done nearly as well in the mobile devices market . To remedy this, it just bought the Wireless Solutions Business of Infineon for $1.4 billion.

Intel said that "The acquisition expands [its] current Wi-Fi and 4G WiMAX offerings to include Infineon's 3G capabilities and supports Intel's plans to accelerate LTE. The acquired technology will be used in Intel(R) Core processor-based laptops, and myriad of Intel(R) Atom[TM] processor-based devices, including smartphones, netbooks, tablets and embedded computers."

Continue reading Intel Buys Infineon Wireless Unit in a Push into Mobile

Intel Buys Infineon Wireless Unit in a Push into Mobile originally appeared on BloggingStocks on Mon, 30 Aug 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acquisitionsARMBRCMfeaturedInfineonINTCinthenewsnetbookQCOMsmartphonetabletMon, 30 Aug 2010 08:30:00 EST<![CDATA[Closing Bell: Slight Climb Throughout the Day (GE)]]>http://www.bloggingstocks.com/2010/07/23/closing-bell-slight-climb-throughout-the-day-ge/http://www.bloggingstocks.com/2010/07/23/closing-bell-slight-climb-throughout-the-day-ge/http://www.bloggingstocks.com/2010/07/23/closing-bell-slight-climb-throughout-the-day-ge/#commentsFiled under: , , ,

Trading for the day started slowly. As is true most summer Fridays, there was not much news and few earnings announcements. Those who had to work on Wall Street spent the morning waiting for stress test data on European banks. The data was due at noon and there were no surprises. Seven smaller financial firms out of 91 did not make the cut. None of the firms was considered strategically important.

The S&P did move about 1,100, a sign that the movement up in the market has been steady enough to move above a psychological hurdle. But, the move was on so little volume that early Monday will be a better barometer of the market's sentiment.

The numbers:

Dow 10,424.62 +102.32 (0.99%)
S&P 500 1,102.66 +8.99 (0.82%)
Nasdaq 2,269.47 +23.58 (1.05%)

Continue reading Closing Bell: Slight Climb Throughout the Day (GE)

Closing Bell: Slight Climb Throughout the Day (GE) originally appeared on BloggingStocks on Fri, 23 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>GEspstress testsFri, 23 Jul 2010 17:00:00 EST<![CDATA[Closing Bell: Stocks Flat Going into the Holiday (GE, BAC, CSCO, INTC, AAPL)]]>http://www.bloggingstocks.com/2010/07/02/closing-bell-stocks-flat-going-into-the-holiday-ge-bac-csco/http://www.bloggingstocks.com/2010/07/02/closing-bell-stocks-flat-going-into-the-holiday-ge-bac-csco/http://www.bloggingstocks.com/2010/07/02/closing-bell-stocks-flat-going-into-the-holiday-ge-bac-csco/#commentsFiled under: , , , , , , , ,

Total nonfarm payroll employment fell by 125,000 in June as the number of temporary census workers dropped by 225,000, according to the Labor Department. Most analysts expected the June unemployment numbers to be better. The market did sell of substantially until about 1 PM. That is about the time that traders who are still around begin to leave for the 4th or July holiday. The small band that was left bid the market back up to near even. Volume was so light, it was hard to detect a trend.

The closing bell numbers:

Dow 9,686.48 -46.05 (-0.47%)
S&P 500 1,022.58 -4.79 (-0.47%)
Nasdaq 2,091.79 -9.57 (-0.46%)

Continue reading Closing Bell: Stocks Flat Going into the Holiday (GE, BAC, CSCO, INTC, AAPL)

Closing Bell: Stocks Flat Going into the Holiday (GE, BAC, CSCO, INTC, AAPL) originally appeared on BloggingStocks on Fri, 02 Jul 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>laborunemploymentFri, 02 Jul 2010 16:00:00 EST