NEW YORK (Reuters) - If the bulls have their way, Wall Street's rally will keep going next week on signs of stability in the labor market. But concerns about penny-pinching consumers during the holiday shopping season and the specter of higher interest rates may be a hurdle to jump.
Published News » Economy
Rally may have legs, but beware of Scrooge
Posted by guru 94 days ago (http://feeds.reuters.com)GM exec expects Germany to contribute Opel aid
Posted by guru 94 days ago (http://feeds.reuters.com)
FRANKFURT (Reuters) - General Motors will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the U.S. carmaker said it remains confident that Berlin will soften its current stance.
Stocks end higher as jobs data brightens outlook
Posted by guru 94 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - U.S. stocks advanced on Friday as data showed the economy shed far fewer jobs than expected last month, brightening the outlook for the economy and profits.
Stocks slide on ISM services data, jobs anxiety
Posted by guru 96 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
Comcast lands NBC in deal that reshapes media
Posted by guru 96 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.
Stock index futures signal gains; BoA eyed
Posted by guru 96 days ago (http://feeds.reuters.com)
(Reuters) - U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.62 percent, Dow Jones futures up 0.47 percent and Nasdaq 100 futures up 0.52 percent at 0900 GMT (4 a.m. EST).
Bank of America to repay TARP
Posted by guru 97 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more vulnerable to further economic shocks.
Dow, S&P dip on banks, energy
Posted by guru 97 days ago (http://feeds.reuters.com)
NEW YORK (Reuters) - The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.
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