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GM ties up $5 bln bank deal, IPO filing Fri-sources

GM ties up $5 bln bank deal, IPO filing Fri-sources

General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.

Senh: The stock market went down, but I consider this good news. At least GM is getting back up, and that can only help our economy.

 

Markets turn chaotic on trade deficit, global data

Dow plummets nearly 220 points after trade deficit unexpectedly widens and reports from Asia, Europe spurs concerns recovery is veering off track.

 

Dow Dips On Data After Pfizer, P&G Report

Personal incomes and spending come in flat for June, worse than the slight gains anticipated.

Senh: Dang it. All we need was about 300 points to get to 11,000. Oh well.

 

NYSE Backs S&P 500 for Marketwide Circuit Breaker

NYSE recommended that regulators seek out a broad-based stock index like the S&P 500 to underlie a new circuit breaker that would halt all U.S. stock trading if conditions become too volatile.

 

Stocks Soar As AT&T, Caterpillar Raise Forecasts

Stocks Soar As AT&T, Caterpillar Raise Forecasts

The economy won out over earnings season Wednesday, when a round of mostly better-than-expected reports couldn't stop a triple-digit slide in the Dow Jones industrial average.

 

Stocks Slip Deep in the Red on Bank Earnings

U.S. markets experienced a steep selloff Friday as disappointing earnings reports from major corporate icons and depressing consumer sentiment report pushed the Dow down 250 points.

 

Wall Street Stages Biggest Rally Since May

Wall Street Stages Biggest Rally Since May

The stock market staged its biggest rally since May on Wednesday, driving the Dow Jones industrial average above 10000, as investors rushed to buy blue-chip shares near their lowest levels this year. The hope was that coming quarterly ...

 

Bank stocks stage relief rally as cloud lifts

US bank stocks enjoyed a relief rally as uncertainty surrounding the new shape of the financial sector came to a close in the early hours of yesterday morning.

 

Fannie and Freddie stock delisted

US home loan giants Fannie Mae and Freddie Mac are to cease trading on the New York Stock Exchange (NYSE).

 

Stocks close higher as European fear subsides

Industrial and technology stocks pulled the market sharply higher Tuesday after Boeing Co. said it was boosting production and an industry group forecast that demand for computers would increase.

 

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