Goldman Sachs raises 2010 IT spending view, predicts double-digit online ad growth next yearSeptember 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.
Lennar, Wal-Mart, Jack in the Box, Potash, Dell are among big market moversSeptember 21st, 2009 Lennar, Wal-Mart, Jack in the Box big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
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Potash Corp., down $4.05 at $93.09
The Canadian fertilizer company slashed its third-quarter and full-year 2009 profit forecast because of lagging sales volume. Granite Construction Inc., down $1.71 at $32.10
An analyst cut his rating for the civil contractor and producer of construction materials, saying it isn't getting enough new business.
CarMax, E-Trade, Microsoft, Research in Motion are among big market movers FridayJune 20th, 2009 CarMax, E-Trade, Microsoft are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
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CarMax Inc., up $2.22 at $15.31
Sales tumbled and its auto financing division posted a loss, but the auto retailer's CEO said traffic rose and sales execution improved. Sealy Corp., up 40 cents at $2.20
An analyst upgraded the mattress maker after it previewed second quarter results for investors ahead of its June 30 earnings report.
Comcast, Microsoft, Smithfield Foods, Xyratex, Saks are among big market movers ThursdayOctober 1st, 2009 Comcast, Microsoft, Smithfield Foods big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:
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Smithfield Foods Inc., down $1.18 at $12.62
The nation's largest hog producer and pork processor said its CEO sold 100,000 shares this week for personal financial reasons. Constellation Brands Inc., up 82 cents at $15.97
The wine and spirits maker said it hopes its new distribution system will boost profits, continuing the trends of its second quarter.
Dell, Intel, Tiffany, AIG, Marvell Technology, E-Trade are among big market movers FridayAugust 28th, 2009 Dell, Intel, Tiffany, AIG are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
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J. Crew Group Inc., up $1.97 at $34.73
The clothing retailer
Ex-Goldman talent have had influence at the highest reaches of governmentJuly 14th, 2009 Goldman alumnus find their way to political powerA glance at the roster of top Goldman Sachs talent that has found its way to Washington's halls of power illustrates why the financial giant has become known as the New York Yankees of Wall Street. Over the years, Goldman's golden boys have made the leap from Manhattan, the capital of finance, to Washington, the capital of political influence.
Morgan Stanley, Ford, Yahoo, AirTran, Wynn Resorts are big market movers WednesdayApril 22nd, 2009 Morgan Stanley, Ford, Yahoo, AirTran big movers
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
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Morgan Stanley, down $2.21 at $22.44
The investment bank's $578 million loss disappointed investors and stood in contrast to other big banks' better-than-expected results. Ingersoll Rand Co., up $2.62 at $19.35
A first-quarter loss was better than analysts had expected from the diversified manufacturer, and guidance for 2009 pleased investors.
General Electric, Sony, Hartford and Akamai among big movers on stock market ThursdayJuly 31st, 2009 General Electric, Sony, Akamai among big moversNEW YORK — Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market. NYSE
General Electric Co., up 85 cents at $13.11
Goldman Sachs upgraded the industrial conglomerate to "Buy," saying it won't have to split off its financing arm, GE Capital.
Bank of America, MetLife, EBay, CardioNet are among big market movers TuesdaySeptember 1st, 2009 Bank of America, MetLife, EBay are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
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Bank of America Corp., down $1.13 at $16.46
The bank is looking to pay back some of the billions in federal bailout aid it has received, according to a published report. MetLife Inc., down $2.79 at $34.97
A Raymond James analyst downgraded the insurer to "Market Perform" from "Strong Buy," citing the company's overvalued stock price.
CIT Group, Pfizer, Microsoft, Ford, Honeywell, American Express are big market movers FridayApril 24th, 2009 CIT Group, Pfizer, Microsoft, Ford big movers
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
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CIT Group Inc., down 32 cents at $2.46
Shares tumbled after multiple analysts cut their ratings on the diversified lender a day after it reported a wider-than-expected first-quarter loss. Mohawk Industries Inc., up $11.18 at $49
The floor covering maker's stock soared after it reported strong first-quarter results and gave an earnings outlook above analysts' average forecast.
CIT Group, Chevron, AIG, Shaw Group, Yahoo are among big market movers FridayJuly 10th, 2009 CIT Group, Chevron, AIG are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
CIT Group Inc., down 33 cents at $1.53
Analysts said the commercial lender is facing a liquidity crisis if the government chooses not to give federal backing for its bonds. Chevron Corp., down $1.68 at $61.40
The oil company said its second quarter results will likely be much lower than last year as refining margins tumbled in the U.S.
General Motors, Yahoo, Tiffany, Time Warner Cable among big market movers FridayMay 29th, 2009 General Motors, Yahoo, Tiffany are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
General Motors Corp., down 37 cents to 75 cents
The UAW union approved a cost-cutting pact with the automaker, but a filing for bankruptcy protection was still expected by Monday. J. Crew Group Inc., up $5.40 at $25.86
The apparel retailer's strong first-quarter results, including higher sales and customer traffic, signaled a rebound from a tough 2008.
Satyam to pay salaries for JanuaryJanuary 26th, 2009 HYDERABAD - IT bellwether Satyam Computer Services will pay salaries to its employees for January as scheduled from its internal accruals and receivables, the company said in a statement here Tuesday. The decision was taken at a day-long meeting of the six-member board, chaired by T.N.
Stock futures rise as earnings from Goldman Sachs, Intel boost economic recovery hopesJuly 15th, 2009 Stock futures rise on hopes for economyNEW YORK — Investors who have been looking for signs the economy is on the mend are pushing stock futures higher Wednesday in the wake of better-than-expected earnings reports from Intel and Goldman Sachs. The upward move ahead of the market opening in New York followed gains in overseas markets.
World markets buoyed by Intel, Goldman Sachs earningsJuly 15th, 2009 World markets buoyed by Intel, Goldman SachsLONDON — World stock markets rose Wednesday after a raft of upbeat U.S. earnings — particularly from chip maker Intel Corp.