Yeshiva World News

U.S. stocks slipped, pulling the Standard & Poor’s 500 Index down from a 13-month high, as technology companies slid after profit forecasts at Autodesk Inc. and Salesforce.com Inc. trailed some analyst estimates. Autodesk, the biggest maker of engineering-design software, slid 10 percent after saying job losses in core markets are making the company’s recovery “challenging.” Salesforce.com, the largest seller of Web-based customer-management software, tumbled 3.1 percent. The ...

U.S. stocks rallied, sending benchmark indexes to 13-month highs, and commodities gained as retail sales rebounded and Asian government leaders pledged to maintain economic stimulus spending. The dollar fell to a 15- month low and Treasury two-year yields touched the lowest level since January. Exxon Mobil Corp. led gains in 39 of 40 energy producers in the S&P 500 as the price of oil climbed the most in six weeks. Target Corp. and Sears Holdings Corp. rose as the U.S. government said retail ...

Ford Motor Co. is firing back following General Motors' announcement that it would begin selling a police-only Chevrolet sedan in the United States in early 2011. That's just about the time Ford is expected to end production of the Ford Crown Victoria Police Interceptor, which is currently the most popular police car in America. Ford claims that of the ...

U.S. stocks fell from a 13-month high as energy producers slumped after bigger-than-estimated growth in oil stockpiles, erasing an earlier advance triggered by Hewlett-Packard Co.’s takeover of 3Com Corp. Treasuries rose. Southwestern Energy Corp. and Range Resources Corp. slid more than 4 percent, leading declines in 39 of 40 energy companies in the Standard & Poor’s 500 Index as oil tumbled. The dollar strengthened against 15 of 16 major currencies, helping to extend declines in ...

U.S. stocks extended a global advance, sending the Standard & Poor’s 500 Index to a 13-month high, as China’s industrial production surged and Federal Reserve policy makers signaled interest rates will remain at a record low. Gold climbed to an all-time high. Bank of America Corp. and Home Depot Inc. led the Dow Jones Industrial Average to its highest close since October 2008. Toll Brothers Inc. jumped 16 percent, the most in 17 years, to lead a rally in homebuilders after orders surged ...

Most U.S. stocks fell following six straight gains for the Standard & Poor’s 500 Index as earnings disappointed investors at companies from MBIA Inc. and Fluor Corp. to Electronic Arts Inc. MBIA, the world’s largest bond guarantor, tumbled 27 percent after posting a $727.8 million loss on insured credit derivatives. Fluor sank 7.6 percent as the engineering firm cut its full-year profit forecast, while Electronic Arts sank 6.4 percent following its 11th straight quarterly loss. The Dow ...

U.S. stocks extended a global rally, sending the Dow Jones Industrial Average to a 13-month high, and the dollar slid after the Group of 20 nations agreed to maintain economic stimulus efforts. Commodities climbed, with gold reaching a record above $1,100 an ounce. The S&P500 Index advanced 2.2 percent to 1,093.08 at 4:05 p.m. in New York for its sixth straight gain. The Dow added 203.52 points, or 2 percent, to 10,226.94. Nine stocks gained for each that fell on the New York Stock ...

The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain low until the labor market recovers. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast ...

The Dow Jones Industrial Average rose the most since July after U.S. jobless claims and productivity beat economists’ estimates. Gold rallied for a fourth day, while the dollar and Treasuries were little changed. The Dow increased 203.82 points, or 2.1 percent, to 10,005.96 at 4:01 p.m. in New York for the biggest advance since July 23. The Standard & Poor’s 500 Index rose for a fourth day, adding 20.13 points, or 1.9 percent, to 1,066.63. More than nine stocks gained for each that fell ...

Gold climbed to a record, most U.S. stocks rose and the dollar rallied to the strongest level against the euro in a month. Treasuries fell before the Federal Reserve issues its policy statement tomorrow. The U.S. currency appreciated on speculation Fed officials are discussing the outlook for record-low borrowing costs at their two-day meeting. U.S. stocks pared earlier losses after Warren Buffett’s Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. for $26 ...

Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program and problems at its U.S. rivals. The only major U.S. automaker not to file for bankruptcy this year earned earned $997 million, or 29 cents a share, compared to a loss of $161 million, or 7 cents a share on that basis a year ...

CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout and debt exchange offer failed. New York-based CIT listed $71 billion in assets and $64.9 billion in debt in a Chapter 11 filing in U.S. Bankruptcy Court for the Southern District of ...

U.S. stocks rallied, sending benchmark indexes to their biggest advance since July, after the economy returned to growth following the worst contraction in seven decades. Treasuries dropped and the dollar and yen weakened, while commodities surged. The Standard & Poor’s 500 Index increased 2.3 percent to 1,066.11 at 4:05 p.m. in New York. The Dow Jones Industrial Average added 199.89 points, or 2.1 percent, to 9,962.58. Both gauges jumped the most since July 23. The MSCI AC World Index, a ...

U.S. stocks sank, extending a global slump, as an unexpected decrease in new-home sales added to concern the seven-month rally in equities outpaced prospects for economic growth. The dollar rose against most major currencies and Treasuries gained, while oil and metals tumbled. The Standard & Poor’s 500 Index retreated 2 percent to 1,042.63 at 4:08 p.m. in New York, its steepest drop since Oct. 1. The Dow lost 119.48 points, or 1.2 percent, to 9,762.69. The MSCI World Index of 23 developed ...

Most U.S. stocks fell for a third day as stronger-than-forecast demand in a Treasury auction and an unexpected drop in consumer confidence spurred concern investors are questioning the strength of the economic recovery. Alcoa Inc., Walt Disney Co. and Hewlett-Packard Co. lost at least 1.1 percent after the Conference Board’s gauge of sentiment trailed estimates and its measure of employment availability slumped to a 26-year low. International Business Machines Corp. helped lead the market ...

U.S. stocks slid, erasing an early rally, on concern lawmakers will phase out a tax credit for homebuyers and Bank of America Corp. will have to sell shares to pay back its government bailout. The dollar rebounded from a 14- month low against the euro and oil wiped out an early advance. All 12 shares in a gauge of homebuilders dropped as senators discussed reducing an $8,000 tax credit for first-time buyers. Bank of America sank 5.1 percent on speculation the government will force the bank ...

U.S. stocks advanced for the first time in three days as better-than-estimated earnings at companies from Travelers Cos. to McDonald’s Corp. boosted speculation that the worst recession since the 1930s is over. Travelers jumped 7.7 percent and McDonald’s climbed 2 percent to help lead the Dow Jones Industrial Average higher, while New York Times Co. and PNC Financial Services Group Inc. also rallied on better-than-estimated results. American Express Co. climbed 3.8 percent to a one-year ...

Although the official U.S. launch event is still some hours away, Microsoft's Windows 7 operating system has hit the market, going on sale in a number of countries across the globe. Executives from Microsoft have fanned out to celebrate the launch of the company's core product upon which the rest of Redmond's empire has been built. The software giant is ...