Stocks & Markets

September 11, 2008

European Stock Indexes Fall

LONDON The FTSE 100 closed in the red Thursday with supermarket retailers leading the slide after in-line figures from MORRISON (-6.11%). Financials were weak due to ...

September 11, 2008

European Movers: BG, Renault, Nokia

UK MORRISON WM Down GBP0.17 to GBP2.54... 1H u/l PTP up 18.5%, LFL ex fuel up 7.6% - Posts 1H u/l PTP of GBP295m, +18.5%; sales GBP7.1bn, +13.5% (LFL ex fuel +7.6%); ...

September 11, 2008

Analyst Actions: Lehman, Kenexa

GOLDMAN CUTS LEHMAN TO NEUTRAL FROM BUY, REMOVES FROM AMERICAS BUY LIST Goldman Sachs analyst William Tanona says Lehman Brothers (LEH) yesterday posted a preliminary ...

September 11, 2008

S&P Picks and Pans: Lehman, Merrill Lynch, WaMu, CSX, Allergan

S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF LEHMAN BROTHERS (LEH; 7.25): Update: An unconfirmed story from the Associated Press reports that LEH has reached out to ...

September 11, 2008

Stocks Jump amid Lehman Drama

U.S. stock indexes spiked higher in the last hour of trading Thursday, in an excessively volatile session focused on the rumors swirling about the fate of troubled ...

September 11, 2008

Movers: Lehman, WaMu, Allergan, CSX, Kenexa, New York Times

CNBC reports that Lehman Brothers (LEH) CEO Dick Fuld is "actively shopping" a sale of entire firm. Goldman downgrades Lehman shares to neutral from buy. Citigroup, ...

September 10, 2008

Fannie and Freddie: Gauging the Fallout

The government's Sept. 7 bailout of mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) will add much-needed liquidity to the secondary market for U.S. mortgages. ...

September 10, 2008

Analyst Actions: FedEx, Norfolk Southern, Burlington Northern, GFI Group

MORGAN KEEGAN UPS ESTIMATES, MAINTAINS MARKET PERFORM ON FEDEX Morgan Keegan analyst Art Hatfield says FedEx (FDX) preannounced first quarter EPS of $1.23, up from its...

September 10, 2008

S&P Picks and Pans: Lehman, FedEx, ImClone, Continental Airlines, Apple

S&P REITERATES HOLD RECOMMENDATION ON SHARES OF LEHMAN BROTHERS (LEH; 8.02): We view restructuring plans announced today favorably, but we remain cautious on the ...

September 10, 2008

Lehman News Stops Stocks' Slide

Stocks moved higher Wednesday after Lehman Brothers (LEH) made a series of surprise announcements designed to bolster investor confidence one day after the investment ...

September 10, 2008

Movers: Lehman, WaMu, RIM, FedEx, ImClone Systems, GFI Group

Lehman Brothers (LEH) posts preliminary $5.92 third quarter loss per share, on net revenue of negative $2.9 billion. It reports gross mark-to-market adjustments of ...

September 9, 2008

Lehman Worries Sink Stocks

What Paulson giveth, Lehman taketh away. Stocks fell Tuesday, virtually erasing the gains from a rally one day earlier prompted by the federal government's takeover of...

September 9, 2008

European Movers: Michelin, Lufthansa, Bulgari

UK HBOS Up GBP0.02 to GBP3.09... Goldman reiterates Conviction Buy - Goldman Sachs points out that Co. has been under pressure with the primary focus liquidity. ...

September 9, 2008

European Indexes Decline

LONDON The FTSE 100 closed lower as resource stocks fell tracking weak commodity and oil prices. Further pressure came from a lower Wall Street. Macro-wise, UK ...

September 9, 2008

S&P Picks and Pans: Wells Fargo, Washington Mutual, TW Telecom, JC Penney, ...

S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF WELLS FARGO (WFC; 33.18): In an 8-K filing, WFC says it has $480 million exposure to preferred securities of ...

September 9, 2008

Analyst Actions: TW Telecom, Korn/Ferry

CITIGROUP CUTS TW TELECOM TO HOLD FROM BUY Citigroup analyst Michael Rollins says TW Telecom (TWTC) announced that, in addition to already disclosed economic pressures...

September 9, 2008

Movers: Lehman, Wachovia, WaMu, TW Telecom, Avery Dennison

Lehman Brothers (LEH) shares drop S&P's Ratings Services places its ratings on LEH and all related entities on CreditWatch with negative implications, and now believes...

September 8, 2008

Stocks: Finally, Some Direction

The stock market finally broke down with a vengeance on Thursday, Sept. 4, and it appears that the process of testing the mid-July lows is almost upon us. ...

September 8, 2008

Blogs: What They're Saying About Fannie, Freddie

Skepticism swept over the financial blogosphere in response to the government's historic bailout of mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) announced on...

September 8, 2008

Financial Stocks: Is It Safe Yet?

It wasn't hard to find skeptics on Wall Street on Sept. 8, the day after the federal government's weekend takeover of mortgage giants Fannie Mae (FNM) and Freddie Mac ...

September 8, 2008

The Stock Market's Labor Pains

Americans are losing their jobs at a steady clip. According to a Labor Dept. report released Sept. 5, the unemployment rate hit 6.1% in August, and U.S. payrolls ...

September 8, 2008

S&P Picks and Pans: Fannie, Freddie, WaMu, Boeing, Lowe's, Altria

S&P DOWNGRADES SHARES OF FREDDIE MAC TO SELL FROM HOLD (FRE; 5.10): The U.S. government seizes control of FRE, stripping shareholders of any governance rights. It will...

September 8, 2008

Analyst Actions: Goldman Sachs, Lehman Brothers

MERRILL UPGRADES GOLDMAN SACHS TO BUY FROM UNDERPERFORM Merrill Lynch analyst Guy Moszkowski says whether it proves true in the longer run or not, he believes ...

September 8, 2008

Blue Chips Rally after GSE Rescue

Major U.S. stock finished higher Monday in a session that featured some remarkable developments. The Dow industrials and S&P 500 index advanced strongly in reaction to...

September 8, 2008

Movers: Fannie Mae, Freddie Mac, Lehman, UST, Authentec

On Sunday, the U.S. Treasury Dept. announced that it took control of Fannie Mae (FNM) and Freddie Mac (FRE), placing the GSEs under conservatorship. Under the plan, ...