Archive for February 2nd, 2010
A new contender for the world’s largest yacht
The mega yacht business has been slow recently, but at least one luxury shipbuilder appears to be betting on a rebound.
Senators cool to ‘Volcker rule’
The fate of President Obama’s latest proposal to rein in banks was thrown into doubt on Tuesday after it got a chilly reception from key lawmakers.
News Corp. profit surges
News Corp. posted quarterly profit and revenue Tuesday that soared from a year earlier and beat expectations, helped by its film unit, which produced the box office blockbuster ‘Avatar,’ as well as cost-cutting measures.
Dow: Triple-digit gain for 2nd day
Stocks rallied Tuesday, with the Dow Jones industrials posting their second straight triple-digit gain, as investors welcomed better-than-expected corporate results, signs of stability in the housing sector and solid auto sales.
Auto sales up - but not for Toyota
U.S. auto sales rose 6% in January, although results were generally disappointing. Sales were hurt by weak demand from consumers and the well-publicized problems at Toyota Motor.
5 things to watch for in AOL’s earnings
AOL is back. Should you buy it?
Toyota sales plunge
Toyota Motor’s U.S. sales in January tumbled 16% from a year ago, hit by the recall of its most popular models due to its widely-publicized problem with sticking gas pedals.
Dollar weakens as stocks advance
The dollar fell Tuesday as investors gravitated toward more risky currencies, but declines were limited ahead of key economic reports due out later in the week.
Treasurys steady ahead of refunding auction
Treasurys were little changed Tuesday, as investors geared up for Wednesday’s supply announcement and Friday’s jobs data.
Oil gains on inventory forecasts
Oil climbed above $77 a barrel Tuesday amid anticipation that crude supplies fell more than expected last week.
