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Stocks Tumble Further Wednesday

Stocks Tumble Further Wednesday

STAN HONDA/AFP/Getty Images(NEW YORK) — The markets continued a downward slide Wednesday, seeing losses for the fifth day in the past week. The Dow closed down 72 points, while the Nasdaq lost 15 and the S&P gave up seven for the trading day….

Stocks Fall with Dropping Consumer Confidence

Stocks Fall with Dropping Consumer Confidence

Hemera/Thinkstock(NEW YORK) — A drop in consumer confidence Tuesday helped push the markets down after a few days of gains. The Dow lost 44 points, while the Nasdaq and S&P dropped two and four points, respectively. Higher gas prices may…

Federal Reserve News Spurs Gains for Stocks

Federal Reserve News Spurs Gains for Stocks

Comstock/Thinkstock(NEW YORK) — Federal Reserve Chairman Ben Bernanke on Monday sounded pessimistic about jobs at a conference in Virginia, suggesting the economy still needs help to produce faster job growth.  The indication that the Federal Res…

US Stocks Mixed at the Week’s Close

US Stocks Mixed at the Week’s Close

Medioimages/Photodisc/Thinkstock(NEW YORK) — Sales of new homes fell for a second straight month in February, off 1.5 percent. The housing data didn’t hurts stocks, though.  Friday stocks rose, despite the Dow and S&P seeing their biggest wee…

Senate Passes Congress Insider Trading Ban

Senate Passes Congress Insider Trading Ban

Architect of the Capitol(WASHINGTON) — The STOCK Act, a House-passed legislation to ban members of Congress from benefiting from insider stock trading, was approved by the Senate Thursday 96-3 and will go to President Obama for his signature.The bill …

Stocks Close Lower; Housing Outlook Looks Positive

Stocks Close Lower; Housing Outlook Looks Positive

Hemera/Thinkstock(NEW YORK) — Stocks sank Tuesday after reports suggested an economic slowdown in China, where growth over the past three years helped sustain a global economic recovery. On Monday the Dow closed down 69 points, while the Nasdaq …

Modest Gains for Stocks

Modest Gains for Stocks

Comstock/Thinkstock(NEW YORK) — The market held its own Monday after last week’s rally. The market dropped lower immediately after Apple announced a dividend and a $10 billion share buyback program, but optimism returned with the promise of greater de…

Mets Owners Agree to Pay $162 Million to Madoff Victims

Mets Owners Agree to Pay $162 Million to Madoff Victims

Mario Tama/Getty Images(NEW YORK) — The owners of the New York Mets agreed Monday to pay $162 million to settle claims that they willfully ignored the Ponzi scheme orchestrated by Bernie Madoff. “We believe that this is a fair and just settlement,” sa…

Apple Announces Dividend, Buyback

Apple Announces Dividend, Buyback

Kevork Djansezian/Getty Images(CUPERTINO, Calif.) — In a major turn away from the years when Steve Jobs was in charge, Apple Inc. is finally loosening up its purse strings, announcing both a $10 billion stock buyback plan and a dividend for shareholde…

Stocks Fall Flat After Positive Week

Stocks Fall Flat After Positive Week

Hemera/Thinkstock(NEW YORK) — Another round of economic reports lifted stocks briefly Friday, until an index of consumer confidence eroded weekly gains. Still, all the major averages added 2.5 percent this week.The Dow Friday lost 20 points to close a…

Occupy Protesters Mass for Largest Demonstration Since Eviction

Occupy Protesters Mass for Largest Demonstration Since Eviction

JOHANNES EISELE/AFP/Getty Images(NEW YORK) — Occupy Wall Street protesters rang in the New Year with a renewed push, holding their largest demonstration since the movement was evicted last month from the lower Manhattan park where it began.Dozens of p…

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