Asia markets beat retreat
Reuters
A worker smokes while taking a rest at a coal cinder dump site in China's Shanxi province.
Beijing may soon cut capacity in key industries.
CHINESE POLICY
China may act to cut capacity
China is weighing plans to address overcapacity in traditional industries such as steel, cement, as well as alternative energy, the official Xinhua news agency reports.
CHINA EARNINGS
Cnooc net profit gets drilled
China’s largest offshore oil producer by capacity says net income for the first half fell by 55% from last year, as a drop in crude prices overshadows an increase in oil and gas production.
• Citic Pacific profit falls 43%
• Apple preparing for Chinese iPhone launch (WSJ.com)
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Regional markets slip lower, succumbing to some profit-taking after Wall
Street's limp showing, with Japan leading the losses.
• Toyota reported topping sales under U.S. 'clunkers' program
• Nissan, Chrysler ditch mutual manufacturing deal
AUSTRALIA EARNINGS
Woolworths gets mark up
Australia's top supermarket chain says annual profit grew more than 12%, meeting expectations, as solid domestic sales compensate for declines in New Zealand and a drop in electronics sales.
• Westfield swings to loss, though ops earnings gain
U.S. MARKETS
Guess who's gaining after hours?
Guess shares climb late, in part after saying it will raise its quarterly dividend, while share-price gains in TiVo gather steam in the wake of the company’s quarterly report.
• Market Snapshot: What's the prognosis for health stocks?
• Cardillo on the end of the recession
• Stocks in focus for Thursday | Market optimism is worrying
• FDIC eases way for private-equity moves into banks
EDWARD KENNEDY
Obama loses a crucial vote
As long as Ted Kennedy's seat in the Senate remains empty, Democrats will lack key 60th vote, according to Darrell Delamaide.
• Sen. Kennedy dies at age 77
• Passing leaves a void
|
Presidential
praise
MONETARY POLICY
Who will raise rates next?
A far-flung group of countries that have benefited from rebounding commodities prices is getting ready to raise rates, economists say.
• Orders for U.S.-made durable goods jump 4.9%
• Toyota reported topping sales under U.S. 'clunkers' program
• Nissan, Chrysler ditch mutual manufacturing deal
Woolworths gets mark up
Australia's top supermarket chain says annual profit grew more than 12%, meeting expectations, as solid domestic sales compensate for declines in New Zealand and a drop in electronics sales.
• Westfield swings to loss, though ops earnings gain
U.S. MARKETS
Guess who's gaining after hours?
Guess shares climb late, in part after saying it will raise its quarterly dividend, while share-price gains in TiVo gather steam in the wake of the company’s quarterly report.
• Market Snapshot: What's the prognosis for health stocks?
• Cardillo on the end of the recession
• Stocks in focus for Thursday | Market optimism is worrying
• FDIC eases way for private-equity moves into banks
Obama loses a crucial vote
As long as Ted Kennedy's seat in the Senate remains empty, Democrats will lack key 60th vote, according to Darrell Delamaide.
• Sen. Kennedy dies at age 77
• Passing leaves a void
|
Presidential
praise
MONETARY POLICY
Who will raise rates next?
A far-flung group of countries that have benefited from rebounding commodities prices is getting ready to raise rates, economists say.
• Orders for U.S.-made durable goods jump 4.9%
Reuters
CHINESE POLICY
China may act to cut capacity
China is weighing plans to address overcapacity in traditional industries such as steel, cement, as well as alternative energy, the official Xinhua news agency reports.
CHINA EARNINGS
Cnooc net profit gets drilled
China’s largest offshore oil producer by capacity says net income for the first half fell by 55% from last year, as a drop in crude prices overshadows an increase in oil and gas production.
• Citic Pacific profit falls 43%
• Apple preparing for Chinese iPhone launch (WSJ.com)
Commentary »
- Next: Todd Harrison's Memoirs of a Minyan
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Next: Mark Hulbert
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Next: Jon Friedman's Media Web
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Next: Darrell Delamaide's Political Capital
-
Next: Chuck Jaffe
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Next: David Weidner's Writing on the Wall
-
Next: Therese Poletti's Tech Tales
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Next: Irwin Kellner
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Next: Paul B. Farrell
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Next: Brett Arends' ROI
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Next: Peter Brimelow
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Next: David Marsh's Marsh on Monday
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E-book links readers with libraries
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The Americas »
Brazil escapes losses
Brazilian rise from early losses in the wake of market downgrade and pressure from a decline in oil prices, while Mexican stocks close higher, drawing support from an upgrade of the market.
Brazilian rise from early losses in the wake of market downgrade and pressure from a decline in oil prices, while Mexican stocks close higher, drawing support from an upgrade of the market.
Stuffing the mortgage pipeline
The first-time home buyer tax credit is driving home-loan applications higher. And low mortgage rates lend a kick to refinancing.
• Jump in new-home sales confirms there is life in the market
• What is ahead for housing for the rest of 2009?
The first-time home buyer tax credit is driving home-loan applications higher. And low mortgage rates lend a kick to refinancing.
• Jump in new-home sales confirms there is life in the market
• What is ahead for housing for the rest of 2009?
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Todd Harrison
Memoirs of a Minyan