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Hank Smith News

  • PepsiCo Poised for 49% Gain Imitating Kraft Breakup: Real M&A

    PepsiCo Inc. shareholders stand to reap a 49 percent gain if Chief Executive Officer Indra Nooyi splits the soft drinks business from snack foods, joining a wave of breakups from Kraft Foods Inc. to Tyco International Ltd.

  • Stocks Fall After Selling Deluge in Germany

    Stocks dropped worldwide, snapping a three-day rally for the Standard & Poor’s 500 Index, after the U.S. said jobless claims increased and traders sold German equity futures before France, Italy and Spain extended curbs on short selling. Gold, the dollar and Treasuries rallied.

  • U.S. Stocks Snap Three-Day Rally Amid German Selloff, Unemployment Report

    U.S. stocks fell, snapping a three- day rally, after jobless claims unexpectedly increased and selling in German futures sparked a rout in global equities.

  • Market Erases 2011 Gains on Recession Concern

    Stocks tumbled as the Standard & Poor’s 500 Index had its biggest one-day loss in a year and erased its 2011 gain, while Treasury yields fell to the lowest levels since November, after an unexpected drop in consumer spending added to concern the economy will slide into a recession. Gold and the Swiss franc rallied.

  • Obama Bonds Proved World Beaters as Congress Played Chicken With U.S. Debt

    For all the anxiety among politicians and their constituents over playing chicken with the debt ceiling and the prospect of the first-ever downgrade of U.S. debt, the people with the most at stake made more money buying Treasury securities in July than any month this year. Actually, they made a fortune, or $183,000 for every $10 million invested.

  • Skype Gets 40% Markup With Microsoft Bid Dwarfing Owners’ Filing: Real M&A

    Microsoft Corp. is paying a dot-com era price for Skype Technologies SA, almost 40 percent more than the world’s most popular Internet calling service itself says the business is worth.

  • U.S. Stocks Fall, S&P 500 Caps Longest Decline in 7 Weeks

    U.S. stocks fell, sending the Standard & Poor’s 500 Index to its longest losing streak in seven weeks, as banks dropped on concern over financial regulation and after the cost to protect from a Greek default surged to a record, while consumer shares retreated.

  • U.S. Stocks Extend Gains After Pending Home Sales Top Estimate

    U.S. stocks rose, with benchmark indexes rebounding from near three-month lows, as home sales topped forecasts and investors speculated yesterday’s drop in energy shares overshot risks from the Gulf of Mexico oil spill.

  • Stocks Snap Slide, Commodities Rebound as Irish Bailout Talks Bolster Euro

    Stocks surged and commodities snapped a two-day retreat as Ireland moved closer to a European Union-led financial bailout and data on jobless claims and manufacturing bolstered optimism in the U.S. economy. General Motors Co. rallied as it returned to the stock market.

  • Treasury Notes Slump After U.S. Economic Reports; Euro Weakens

    Treasury 10-year notes fell, pushing the yield toward its biggest weekly increase this year, as better-than-estimated reports on consumer confidence and the American trade deficit boosted optimism about the economy. The euro fell against most major counterparts. Commodities slumped.

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