Archive for February 9th, 2010
Disney beats Street on earnings and revenue
Walt Disney Company’s profit and revenue sailed past analysts’ expectations Tuesday, as a solid showing from the media giant’s TV networks offset a lackluster performance from its movie studios and theme parks.
Stocks rally on Greek bailout hopes
Stocks rallied Tuesday as growing bets that European officials will rescue Greece from its debt problems reassured investors after a four-week selloff.
Treasurys decline on Greek woes
Treasury prices fell Tuesday after the government issued $40 billion of 3-year notes and investors remained skiddish over debt issues in Europe.
Google Buzz slammed by Yahoo and Microsoft
Well, that didn’t take long.
Germany considers aid to Greece - reports
The German government may offer an aid package to Greece and other debt-ridden European nations in an effort to stave off the default concerns that have stunted global markets, according to reports.
Dollar down versus euro
The dollar slipped against the euro on Tuesday amid anticipation that European officials will help Greece lower its mounting debt.
Oil rises 3% on weaker dollar
Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe’s debt crisis eased.
Dubai selling off Cirque du Soleil and QE2?
Dubai is reportedly preparing to sell a host of assets, including one of the world’s best known cruise ships, as the emirate’s investment arm looks to restructure a mountain of debt.
High-speed rail: Skipping your town
Most of the $8 billion in high-speed rail funds that President Obama awarded last month will not be used for high-speed projects, but rather to improvements designed to make existing lines faster.
Toyota faces a Capitol grilling
As Toyota’s troubles mount, the automaker is gearing up for a new front in the battle to salvage its once-sterling image and credibility: Capitol Hill.
