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Stocks News

Cash-rich global firms face calls to crack open war chests

Tokyo - Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth.
In the Media by Peter Brieger (AFP) - 1 comment

U.S. suit accuses CME of favoring high-speed traders

New York - A group of traders has sued exchange giant CME Group, alleging that its policies favored high-frequency traders and defrauded other investors.
In the Media by AFP

US stocks jump on good retail sales, Citigroup profits

New York - Wall Street stocks Monday opened decisively higher following a big jump in US retail sales and a better-than-expected earnings report from Citigroup.Five minutes into trade, the Dow Jones Industrial Average advanced 83.52 points (0.
In the Media by AFP

European stocks, ruble slide on Ukraine crisis

London - European stock markets and the ruble slid on Monday as investors reacted to the escalating crisis between Kiev and Moscow, dealers said.
In the Media by Roland Jackson (AFP)

Asian shares mixed after fresh Wall St losses

Hong Kong - Asia's markets were mixed on Monday following another heavy sell-off on Wall Street while concerns over the crisis in Ukraine resurfaced.Tokyo's benchmark Nikkei 225 index fell 49.89 points or 0.36 percent to 13,910.
In the Media by AFP

Russian markets, ruble fall over Ukraine crisis

Moscow - The Russian stock markets and the ruble fell in early trading on Monday after clashes between pro-Russian forces and the Kiev authorities in eastern Ukraine.Western powers blame Russia for stirring up the trouble.
In the Media by AFP

U.S. stocks sink again; Nasdaq down 1.3%

New York - The tech-rich Nasdaq Composite Index led Wall Street sharply lower again Friday, closing out a dreary week at its lowest level in more than two months.The Nasdaq sank 54.37 points (1.34 percent) to 3,999.
In the Media by AFP - 1 comment

European stocks sink on 'overvalued' tech sector

London - European stock markets slid on Friday, joining a fierce global sell-off as investors took flight on resurgent fears about the 'overvalued' technology sector, dealers said.In late morning deals, London's benchmark FTSE 100 index fell 1.
In the Media by Roland Jackson (AFP)

US judge okays $1.8 bn SAC insider-trading settlement

New York - A federal judge Thursday approved an agreement between US criminal prosecutors and SAC Capital to settle charges of insider trading in exchange for $1.8 billion in penalties.
In the Media by AFP

Nasdaq plunges more than 3% as tech weakness returns

New York - The tech-rich Nasdaq Composite Index dived more than three percent Thursday in afternoon trade as anxiety over pricey technology equities again pushed US stocks into the red. Near 1920 GMT, the Nasdaq plummeted 131.56 (3.14 percent) to 4,052.34.
In the Media by AFP
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