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Published: Monday, 26 Oct 2009 | 1:01 PM ET Stocks retreated Monday, led by financials, as the dollar rebounded and Dutch bank ING announced plans to split in two. Stocks had opened higher, following an upbeat economic report and a couple of earnings beats, but that all evaporated. The dollar gained against major currencies in what some analysts said was a technical rebound. "Most major currencies including the euro are running out of steam," Kathy Lien, director of FX research at GFT, told Reuters. "Specifically, the euro's earlier rally wasn't really supported by data as we saw the German consumer confidence was actually weaker." As the dollar rose, oil and gold fell — oil fell below $79 a barrel after earlier topping $81. Gold dropped $10 to around $1,046 a troy ounce. Many analysts are predicting gold will go to $1,500 —... [read full story]
American and Canadian parents who purchased one of the roughly 2 million Stork Craft cribs recalled by the Consumer Product Safety Commission (CPSC) Monday should immediately stop using them, the Commission says in a press...
CAMBRIDGE, MA--(Marketwire - News), the leader in Business Process Management, today announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program (the "Current Repurchase...
UBS Securities analyst Neil Currie today raised his 2009 and 2010 profit estimates for Wal-Mart based on improving currency, costs and inflation trends, after meeting with the company’s CFO last week. Currie’s 2009 EPS estimate...
in new stock to make sure your floor and shelves are full for customers. But, what happens if you run low on funds? Slow periods occur. When they do, cash flow becomes precious (in reality, it always is even if robust sales...
