Stocks Fall After Market Hit Milestones [10:53AM]
Stocks fell early Monday as investors looked ahead to U.S. corporate earnings. The market gave up some of its gains from late last week, when the U.S. reported robust job gains, underscoring a recent trend of stronger hiring and healthy manufacturing.
KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.4 percent, to 16,996 as of 10:06 a.m. Eastern. The Standard & Poor's 500 index lost seven points, or 0.4 percent, to 1,978 and the Nasdaq composite fell 15 points, or 0.3 ...
Dow 101: The Dow and How It Works
The Dow Jones industrial average, an index of 30 U.S. blue-chip stocks, is the oldest barometer of the stock market. On Friday, it jumped above 17,000 for the first time in its 118-year history.
WHAT IS IT?
The Dow is a group of 30 big corporations, nearly all of them household names, and its dips and jumps during the trading day reflect changes in their share prices. Its exclusive roster runs from American Express to Walt Disney. Other indexes, such as the Standard & Poor's 500, open ...
Average Rate on 30-Year Mortgages Dips This Week
Average U.S. mortgage rates are near historically low levels.
Mortgage company Freddie Mac said Thursday that the nationwide average rate for a 30-year loan dipped to 4.12 percent, down from 4.14 last week. The average for the 15-year mortgage, which had taken a big dip the previous week, was unchanged this week at 3.22 percent.
Rates on one-year adjustable mortgages averaged 2.38 percent this week, down from 2.40 percent last week.
Mortgage rates are slightly lower than they were at ...
Oil Jumps to Near $106 on Iraq Violence
Oil rose to near $106 per barrel Thursday as an insurgency in Iraq raised the risk of disruption to supplies after OPEC vowed to keep output unchanged.
Benchmark U.S. oil for July delivery was up $1.45 to $105.85 a barrel at 1010 GMT in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract added 5 cents to close at $104.40.
Brent crude, a benchmark for international oils, was up $2.08 to $111.44 a barrel on the ICE exchange in London.
The al-Qaida-inspired ...
Dow Jones Industrial Average Drops Over 200 Points [12:38PM]
The Dow Jones industrial average has dropped more than 200 points after disappointing economic news and a couple bad earnings reports from retailers.
The blue-chip index was down as much as 204 points or 1.2 percent, to 16,409.82 at midday Thursday. The Dow has fallen more than 300 points since the start of trading Wednesday.
The broader Standard & Poor's 500 index slid 23 points, or 1.2 percent, to 1,865. The Nasdaq lost 55 points, or 1.4 percent, to 4,045.
Wal-Mart Stores fell ...
Facebook Plans Campaign To 'Friend' Small Business
Facebook is courting small business owners as part of its drive to increase advertising revenue.
The social media company's operating chief and "Lean In" author Sheryl Sandberg says the key is showing business owners how to find new customers by creating Facebook pages and by buying ads that appear on individual users' pages. It's announcing a campaign called Facebook Fit with workshops in five cities to show small business owners how to use Facebook as a marketing tool.
Facebook is also ...
Amazon Introduces Twitter Service
Amazon wants to make shopping online as easy as a tweet.
The online retailer is introducing a service that lets Twitter users add Amazon.com products to their carts without leaving the social media site.
The service comes as Amazon seeks to make social media a bigger source for sales. Twitter also has been seeking new revenue streams beyond advertising services like promoted tweets.
Under the program, users must link their Amazon.com account with their Twitter account. Then they need ...
Average US 30-Year Mortgage Rate Eases to 4.29 Pct
Average U.S. rates on fixed mortgages declined slightly this week as the spring home-buying season has gotten off to a slow start.
Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan eased to 4.29 percent from 4.33 percent last week. The average for the 15-year mortgage ticked down to 3.38 percent from 3.39 percent.
Mortgage rates have risen almost a full percentage point since hitting record lows about a year ago.
Warmer weather has yet to boost home-buying ...
Dow Closes At A Record High, Erases Loss For Year
The Dow Jones industrial average is closing at an all-time high.
A gain of 45 points Wednesday left the Dow at 16,580, four points above the record high it set on Dec. 31.
The Dow hadn’t been in the black for 2014 until today.
The Standard & Poor’s 500 index increased five points, or 0.3 percent, to 1,883. The index is seven points below the record high set April 2.
The Nasdaq composite rose 11 points, or 0.3 percent, to 4,114.
Twitter slumped 9 percent after its customer ...
American Airlines And US Airways Change Frequent Flier Awards
If you use miles to get a free ticket on American Airlines, you may have to pay to check that suitcase.
American and US Airways announced changes Tuesday to their policies on checked-bag fees and redeeming miles for free flights.
Passengers traveling on American on miles they earned or who paid full price for an economy seat won’t get free checked bags anymore. Some elite-level frequent fliers on both airlines will get one less free bag than before.
When it comes to redeeming miles ...
End of Windows XP Support Spells Trouble for Some
Microsoft will end support for the persistently popular Windows XP on Tuesday, and with an estimated 30 percent of businesses and consumers still using the 12-year-old operating system, the move could put everything from the operations of heavy industry to the identities of everyday people in danger.
"What once was considered low-hanging fruit by hackers now has a big neon bull's eye on it," says Patrick Thomas, a security consultant at the San Jose, Calif.-based firm Neohapsis.
Samsung Adding Anti-theft Solutions To Smartphones
Samsung Electronics will add two safeguards to its latest smartphone in an effort to deter rampant theft of the mobile devices nationwide, the company said Friday.
The world’s largest mobile-phone maker said users will be able to activate for free its “Find My Mobile” and “Reactivation Lock” anti-theft features to protect the soon-to-be-released Galaxy 5 S.
The features that will lock the phone if there’s an unauthorized attempt to reset it will be on models sold by wireless ...
FireChat Ignites New Way to Communicate on Phones
A new mobile messaging application called FireChat is empowering nearby smartphone users to stay in touch even when there's no cellular service or Internet connection.
In just two weeks since its release on the iPhone, FireChat already has provided a flicker of hope for people pining for more effective, secure and affordable ways to communicate. That's because the free messaging app harnesses a technology called wireless mesh networking, which might someday allow a myriad of devices to ...
Apple Says Samsung Knew iPhone Would Be Big Seller
Samsung knew Apple's iPhone would be a big seller when it first went on the market, but the South Korean company didn't have a product that could compete so it stole Apple's technology, an attorney for Apple told jurors on Tuesday.
"The evidence in this case will be Samsung copied the iPhone," Apple lawyer Harold McElhinny said during his opening statement in the latest patent fight between the world's largest cellphone manufacturers.
Samsung, which accuses Apple of stealing its ideas, ...
Another Apple-Samsung Skirmish Heads to Court
The fiercest rivalry in the world of smartphones is heading back to court this week in the heart of the Silicon Valley, with Apple and Samsung accusing each other, once again, of ripping off designs and features.
The trial will mark the latest round in a long-running series of lawsuits between the two tech giants that underscore a much larger concern about what is allowed to be patented.
"There's a widespread suspicion that lots of the kinds of software patents at issue are written in ...
Blackberry Said Revenues Fell To $976 Million
BlackBerry reported a steep drop in profit and revenue Friday as it transitions from a smartphone company to a software business under its new chief executive. Shares rose five percent in morning trading as CEO John Chen cut expenses quicker than expected.
The Canadian company lost $423 million, or 80 cents per share. Adjusted for one-time items, however, the company lost 8 cents per share, much better that the losses of 56 cents per share that Wall Street had expected, according to a poll ...
Major Events in GM's Recall of 1.6 Million Cars
Congress, the Justice Department and the National Highway Traffic Safety Administration are all investigating General Motors Co.'s recall last month of 1.6 million vehicles for an ignition switch defect which can cause the car to stall and deactivate the air bags. The defect is linked to 12 deaths.
Here is a timeline of key events, based on documents from GM, NHTSA and the House Committee on Energy and Commerce.
2001: A report on the Saturn Ion, which was still in development, notes ...