Bedford Hills News
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Shares of companies with high operating or financial leverage are outperforming the market, as investor sentiment about the economy improves.
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U.S. stocks rose for a third week, driving benchmark indexes to five-year highs, as earnings from companies including General Electric Co. and Goldman Sachs Group Inc. beat estimates and debt-limit talks progressed.
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U.S. stocks rose, trimming the biggest weekly drop since June in the Standard & Poor’s 500 Index, as data showing consumer confidence climbed to a five- year high offset concern about fiscal cliff negotiations.
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Companies in the Standard & Poor’s 500 Index are paying less in interest on debt than any time in at least a decade, leaving investors more dependent on economic growth and corporate spending for equity gains in 2013.
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A quarter century after the worst one-day stock crash in history, measures to prevent a repeat are failing to keep investors from losing confidence in the market.
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U.S. stock futures fell, after the Standard & Poor’s 500 Index retreated last week, as investors braced for the impact of Hurricane Sandy.
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U.S. stocks erased losses amid optimism European leaders will do more to halt contagion from the region’s debt crisis. The euro pared its drop after sinking to an almost two-year low and U.S. Treasuries trimmed gains. Oil closed below $90 a barrel for the first time since October.
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Cablevision Systems Corp. is now the cheapest U.S. cable or satellite-television provider for potential acquirers from Time Warner Cable Inc. to Comcast Corp. following the resignation of its chief operating officer.
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U.S. stocks rose, reversing losses and sending the Standard & Poor’s 500 Index to the highest level since June 2008, after the unemployment rate unexpectedly dropped and more companies beat earnings estimates.
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U.S. stocks tumbled on concern this week’s European Union summit will fail to tame a crisis which put American earnings on pace for the first decline since 2009.
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