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Market Updates: BP PLC (BP), American International Group (AIG), Pfizer (PFE), JPMorgan Chase (JPM)
The yen rose broadly on Wednesday, hitting a seven week high versus the dollar after a worse-than-expected report on U.S. private sector jobs boosted safe-haven demand for the Japanese currency. U.S. stock futures also added to losses, stoking risk aversion after data showed U.S. private employers cut 298,000 jobs in the month of August. Economists had sought job losses of about 250,000 in August, although the number was far fewer than the revised 360,000 jobs lost in July, according to Reuters.
BP PLC (NYSE: BP) said Wednesday that it had made a "giant" oil discovery in the Gulf of Mexico but had…
2Sep2009 | Jutia Group | 0 comments | ContinuedMarket Updates: Apple (AAPL), Pfizer (PFE), Qualcomm (QCOM), eBay (EBAY)
Nasdaq Up for 11th Straight Day; Military Boosts Boeing’s Profit; Dollar Brings Down Pfizer’s Bottom Line; Eddie Bauer Saved by Suitor in $286 Million Deal; SEC to Restrict Pay-to-Play at Pensions; Qualcomm Sales, Profit Down Slightly; eBay Beats the Street, But Profit Still Down; A Leaner Starbucks Beats Profit Estimates
- The Nasdaq Composite Index rose for its 11th consecutive day following positive earnings from Apple Inc. (Nasdaq: AAPL) and Starbucks Corp. (Nasdaq: SBUX). The index rose 0.53%, or 10.18 to close at 1,926.38 yesterday (Wednesday). Meanwhile, the Dow Jones Industrial Average was down 0.39% after investors sold some of the market’s recent winners, pocketing the…
Market News and Earnings: Adobe (ADBE), International Business Machines (IBM), Pfizer (PFE), Bank of America (BAC), etc.
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.
IBM Announces Share Buyback, Ups Dividend; Adobe Freezes Pay; Private Jet Industry Hits the Skids; Big Pharma’s Big Showing; CALPERS Votes to Oust BofA’s Lewis; Chrysler Strikes Debt Deal; S&P Downgrades SunTrust
- International Business Machines Corp.’s (IBM) board on Tuesday said it authorized $3 billion worth of share buybacks and raised its dividend by 10% underscoring the technology company’s relative strength even in a weak economy. IBM said it would begin paying a quarterly dividend of 55 cents…
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