All Entries Tagged With: "york"
G-8 leaders: Recovery still facing obstacles
By Andria Cheng , MarketWatch President Obama speaks at Saturday’s G-8 meeting as Germany’s Angela Merkel, Britain’s David Cameron (rear) and Russia’s Dmitri Medvedev listen. NEW YORK (MarketWatch) — President Barack Obama and other Group of Eight leaders said on Saturday while the global economic recovery shows signs of promise, significant headwinds persist. With the economic crisis in the euro zone among the key point of discussions, the world leaders said they affirm their interest in Greece remaining in the Eurozone while respecting its commitments.
Dow, S&P’s three-week losing streak is longest this year
NEW YORK (MarketWatch) — U.S. stocks declined Friday, with the Dow and S&P falling for a third week, on concern about Europe’s debt troubles and prospects for global growth. “The problems in Europe are not getting any better
Wal-Mart probed by SEC, DOJ, Mexican agencies
NEW YORK (MarketWatch) — Wal-Mart Stores Inc. /quotes/zigman/245476 /quotes/nls/wmt WMT +5.22% , undergoing an internal investigation into whether it allegedly violated the U.S. Foreign Corrupt Practices Act in its Mexican market and whether prior allegations were mishandled by the company, said in a regulatory filing on Thursday that both Department of Justice and the Securities and Exchange Commission are investigating the matter respectively
Market Snapshot: U.S. stock indexes knocked for fifth day
By Kate Gibson , MarketWatch NEW YORK (MarketWatch) — U.S. stocks on Thursday slid, with the Dow industrials and S&P 500 off for a fifth day, as a disappointing gauge of manufacturing in the Philadelphia region added to worries about Europe. J.P
Bond Report: Treasurys gain after Philly Fed
By Deborah Levine , MarketWatch NEW YORK (MarketWatch) — Treasury prices turned up on Thursday, pushing yields toward record lows in some cases, after the Philadelphia Federal Reserve’s index showed an unexpected contraction in manufacturing in the region this month.
Financial Stocks: J.P. Morgan down again as financials weaken
By Greg Morcroft , MarketWatch NEW YORK (MarketWatch) — U.S.
Peter Brimelow: Another summer sag for stocks?
By Peter Brimelow , MarketWatch NEW YORK (MarketWatch) — Two down weeks — are stocks starting another summer sag?
Fitch downgrades J.P. Morgan after trading loss
NEW YORK (MarketWatch) — Fitch Ratings said on Friday it downgraded J.P. Morgan Chase & Co.’s (US:jpm) long-term credit rating to A-plus from AA-minus, saying that while the $2 billion trading loss disclosed by the bank on Thursday is “manageable,” the potential reputational risk and risk-governance issues raised are no longer consistent with an AA-minus rating. “The magnitude of the loss and ongoing nature of these positions implies a lack of liquidity,” Fitch said in a statement after the stock market closed
J.P. Morgan shares edge lower in late trading after Fitch downgrade
NEW YORK (MarketWatch) — Fitch Ratings said on Friday it downgraded J.P. Morgan Chase & Co.’s (US:jpm) long-term credit rating to A-plus from AA-minus, saying that while the $2 billion trading loss disclosed by the bank on Thursday is “manageable,” the potential reputational risk and risk-governance issues raised are no longer consistent with an AA-minus rating. “The magnitude of the loss and ongoing nature of these positions implies a lack of liquidity,” Fitch said in a statement after the stock market closed.
U.S. stocks decline for second straight week
NEW YORK (MarketWatch) — U.S. stocks mostly slid Friday to a second weekly decline after a rise in consumer sentiment failed to outweigh J.P.