Articles filed under Markets

• Markets steady with much of Asia shut for holidaysFeb 11, 2013 12:00 AM
  Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday for the Lunar New Year holiday. Japanese markets were also shut for a public holiday. European stocks were mostly higher in early trading. Britain's FTSE 100 rose nearly 0.1 percent to 6,269.23. Germany's DAX shed 0.2 percent to 7,638.18. France's CAC-40 added 0.2 percent to 3,655.13.
  

   

• Oil dips slightly as Asia observes Lunar New Year Feb 11, 2013 12:00 AM
  The price of oil dipped slightly toward $95 a barrel on Monday as investors cut back on speculative positions and most Asian markets were closed for a holiday. By early afternoon in Europe, the benchmark oil contract for March delivery was down 30 cents to $95.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents on Friday.
  

   
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  Stock market drifts lower to start the week Feb 11, 2013 12:00 AM
  U.S. stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high. The broad-market index edged up slightly last week, enough to put it at its highest level since November 2007
  

   

• Are gun company stocks in your fund portfolio? Feb 10, 2013 12:00 AM
  Are there guns in your investment portfolio? It’s an issue that some politicians and gun-control advocates are raising after recent mass shootings prompted calls for tougher laws. Chicago Mayor Rahm Emanuel wrote letters to six mutual fund companies asking them to sell their stock in gun manufacturers Smith & Wesson, and Sturm, Ruger & Co.
  

   

• Is the market’s strong start bound to fizzle? Feb 10, 2013 12:00 AM
  The pattern looks eerily familiar. The stock market scampers up to historical heights to start the year then gets knocked on its back. Last year, worries about Greece and the U.S. economy helped flatten a rally by June. The year before it was an earthquake and tsunami in Japan along with a political fight in Washington.
  

   

• 9 things Apple could do with $137 billion Feb 9, 2013 12:00 AM
  Apple Inc. has recently come under attack for its practice of stockpiling cash. At the end of last year, the company was sitting on $137 billion —and the heap keeps growing. Apple has never explained why it is salting away so much money — other than to say the company is preserving its options.
  

   

• Initial public offerings scheduled to debut next week Feb 8, 2013 12:00 AM
  
  

   
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  Horsemeat lasagna recalled in Sweden Feb 8, 2013 12:00 AM
  Frozen-food company Findus is recalling beef lasagna meals in Sweden after tests confirmed the products contained horsemeat.
  

   
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  Boeing warns that 787 deliveries could slip Feb 8, 2013 12:00 AM
  The world’s fleet of 50 787s has been grounded since Jan. 16. Boeing and investigators are trying to figure out why one aircraft battery caught fire and another one smoldered and forced an emergency landing.
  

   

• Oil rises after China trade exceeds expectations Feb 8, 2013 12:00 AM
  Oil prices rose Friday after China reported better-than-expected monthly trade data, a sign that its economic recovery is gaining traction. Benchmark oil for March delivery was up 9 cents to $95.92 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 79 cents to finish at $95.83 on the Nymex on Thursday after the head of the European Central Bank expressed concern over a recent rise in the
  

   
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  S&P 500 hits five-year high, extends rally Feb 8, 2013 12:00 AM
  The S&P 500 rose 8.54 points to 1,517.93, closing 0.3 percent up for the week. The index is at its highest since November 2007 and has advanced for six weeks, the longest streak of gains since August.The Dow Jones industrial average rose 48.92 points, or 0.4 percent, to 13,992.97. The Nasdaq composite climbed 28.74 points, or 0.9 percent, to finish the week at 3,193.87.
  

   
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  Guatemala declares national coffee emergency Feb 8, 2013 12:00 AM
  
  

   

• Oil prices close to $97 ahead of ECB meeting Feb 7, 2013 12:00 AM
  The price of oil inched up to near $97 a barrel on Thursday, as markets awaited the outcome of a European Central Bank policy meeting and a report on U.S. jobless claims.By early afternoon in Europe, benchmark crude for March delivery was up 29 cents to $96.91 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 2 cents to finish at $96.62 a barrel on Wednesday, recovering from a low of $95.04 earlier in the session.
  

   

• European stocks up, but Nikkei retreats from highs Feb 7, 2013 12:00 AM
  European stock indexes rose on Thursday, despite a retreat in many Asian markets, ahead of a policy meeting by the European Central Bank and amid mostly upbeat corporate news. The FTSE 100 index of leading British companies rose almost 0.1 percent to 6,296.97 while Germany's DAX increased 0.2 percent to 7,597.03. France's CAC 40 was up 0.3 percent at 3,652.91. Wall Street was poised to rise. Dow futures rose 0.1 percent to 13,946 while the broader S&P 500 futures gained 0.1 percent to 1,508.80.
  

   
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  Stocks retreat as Europe, earnings weigh Feb 7, 2013 12:00 AM
  Stocks slumped on Wall Street Thursday, and the rally which has pushed indexes close to record levels stalled. The Dow Jones industrial average fell 42 points to 13,944, after sliding as much as 134 points earlier. The index has edged lower this week, after logging its best January in almost two decades.
  

   

• Japan’s Nikkei market standout with 3.8 pct surge Feb 6, 2013 12:00 AM
  Japan's Nikkei's was the stock market standout Wednesday, surging to its highest level since Sept. 2008 as the yen slid to a three-year low against the dollar on news the country's central bank governor will resign earlier than planned. The Nikkei surged 3.8 percent, or 416.83 points, to close at 11,463.75 as export shares soared on expectations of stronger sales thanks to the yen's slide against other major currencies. A lower currency should help make Japanese products more competitive in international markets and potentially get the Japanese economy going again.
  

   

• Oil steady in Asia after clawing back losses Feb 6, 2013 12:00 AM
  The price of oil was little changed Wednesday, underpinned by gradual improvement in the U.S and European economies. Benchmark crude for March delivery was up 5 cents to $96.69 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 47 cents to finish at $96.64 a barrel on Tuesday after a big fall the day before.
  

   
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  Stocks little changed as earnings fail to inspire Feb 6, 2013 12:00 AM
  The Dow Jones industrial average rose 7.22 points to 13,986.52 on Wednesday, after trading slightly lower for most of the day. The Standard & Poor's 500 rose 0.83 point to 1,512.12. The Nasdaq composite was three points lower at 3,168.48.
  

   

• Visa’s fiscal 1Q net income jumps 25% Feb 6, 2013 12:00 AM
  The payments processing company is also expanding a program to buy back its stock, Visa said Wednesday.
  

   
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  Oil hovers near $96 as US, Asian stocks sink Feb 5, 2013 12:00 AM
  Oil prices fell to nearly $96 a barrel Monday as energy prices took their cues from sinking stock markets in Europe, Asia and Wall Street. Benchmark oil for March delivery fell 9 cents at midday Bangkok time to $96.08 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped by $1.60 to finish at $96.17 a barrel on the Nymex on Monday.