Report: Potential buyers of Boston Globe given more time to prepare bidsBOSTON — The Boston Globe’s owners have reportedly postponed a deadline for potential buyers of the newspaper to submit their initial bids. Treasury: private appraisers will be used if needed to value stock warrants for bailout banksWASHINGTON — The Obama administration on Friday established its process for pricing billions of dollars worth of warrants that large banks must repurchase to exit the $700 billion bailout program. Stock market welcomes Geithner comments on regulation, better reading on leading indicatorsNEW YORK — Investors can’t seem to get the rally back up to full speed again. Stocks mostly rise after surprise drop in continued jobless claims; retail sales data mixedNEW YORK — Cautious traders are placing small bets on signs of improvement in the economy. Early May retail sales results show shoppers remain cautious; many chains report declinesNEW YORK — Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers posted disappointing May sales on Thursday, and food and necessities remained high on shoppers’ lists. Fed issues guidelines for big banks to repay bailouts; must ‘reduce reliance’ on governmentWASHINGTON — The Federal Reserve on Monday laid out rules for banks seeking to repay taxpayer bailout funds, clearing the way for the 19 largest financial institutions to wind down their reliance on government support. India’s merchandise exports plunge by 33.2 percent in April, worst fall since 1991MUMBAI, India — India’s exports fell by a third in April, the biggest drop since 1991 and the seventh-straight month of declines, as overseas demand withered. New jobless claims rise more than expected to 637,000 due partly to auto industry layoffsWASHINGTON — New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people continuing to receive unemployment benefits set a record for the 15th straight week Royal Caribbean reports 1st-qtr loss but beats Wall Street’s expectationsNEW YORK — Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said Thursday it lost less in the first quarter than expected as bookings stabilized and cruise costs declined more than anticipated. Falling bank stocks upend market rally as investors worry about rising levels of bad debtNEW YORK — Nagging worries about banks upended a stock market rally Wednesday. Wells Fargo 1st-quarter profit in line with forecast, revenue rises more than expectedNEW YORK — Wells Fargo & Co. on Wednesday reported a record first-quarter profit in line with its forecast, easily beating the average analyst estimate. Bank of New York Mellon 1Q profit drops 57 percent, slashes dividend; shares plunge 11 percentNEW YORK — Bank of New York Mellon Corp. said Tuesday that its first-quarter profit dropped an unexpectedly steep 57 percent and that it was slashing its dividend in hopes of repaying a government investment. RBI paints grim picture ahead of policy reviewMUMBAI - The Reserve Bank of India (RBI) has painted a bleak forecast for the economy in its macro-economic report released Monday, saying business expectations for the coming months were ‘less than optimistic’ and that economic growth would continue to be moderate on account of the global financial crisis. |
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