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AP - Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.
WSJ.com: Markets
The Dow industrials jumped by 98.68 points to 13549.33 in an abbreviated pre-holiday session, as financial stocks advanced on optimism that banks and brokerages can find fresh sources of capital, and investors hoped holiday sales will turn out to be stronger than anticipated.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished higher in Monday's shortened trading session, aided by a flurry of M&A deals that included a $2.7 billion sale by Alcoa Inc. of its packaging and consumer businesses. In preliminary closing figures, the Dow Jones Industrial Average rose 106 points to 13,555, the S&P 500 Index gained 12 points to end at 1,497 and the Nasdaq Composite Index advanced 22 points to 2,713, with shares of Apple Inc. approaching the $200-a share mark. Apple's stock ended up 2.8% at $198.80.
MarketWatch.com - All MarketWatch News - Personal Finance
BOSTON (MarketWatch) -- William Knapp, chief investment strategist for MainStay Investments, says investors should expect the economy to sidestep a recession in 2008, but noted that even if one occurs, "consumers will barely know it happened."
MarketWatch.com - All MarketWatch News - Personal Finance
William Knapp, chief investment strategist for MainStay Investments, says investors should expect the market to sidestep a recession in 2008, but noted that even if once occurs, "consumers will barely know it happened." In a radio interview, Knapp said he expected large-cap growth to remain in favor for at least the first half of the new year, and said the Dow Jones Industrial Average will end 2008 at 15,000.
Haaretz.com - Business
If you chose to invest in shares this year and selected Europe as your venue, you probably are licking your wounds right now. Whether you invested through mutual funds, ETFs or picked your own stocks, Europe's exchanges were badly burned by the credit crunch that followed the American subprime mortgage meltdown. London's leading index, the FTSE-100, has returned 4% this year, the Dow Jones Europe gained 6% and France's CAC-40 did much of nothing. The leading Swiss index lost 3% and Sweden's fell 6%. At least Germany stood out from pack, with a 21% leap this year. ...
MediaPost | Media News
Paul Bascobert has been promoted to chief marketing officer for the Dow Jones Consumer Media Group, replacing Ann Marks.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) - Technology stocks up slightly Monday morning with Microsoft Corp. and newcomer NetSuite Inc. gaining more than 1%. The Nasdaq Composite Index , the Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were up fractionally. The Dow was ahead more than 60 points.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks opened higher Monday, with shares of blue-chip index component Alcoa Inc. up more than 1.6% after the aluminum giant agreed to sell its packaging and consumer businesses for $2.7 billion. The Dow Jones Industrial Average was up 59 points, or 0.4%, at 13,509.39. The broader S&P 500 Index rose 5 points, or 0.3%, to 1,489.06 and the tech-heavy Nasdaq Composite Index rose 5 points, or 0.2%, to 2,697.17. Trading will end early, at 1 p.m. Eastern in observance of the Christmas holiday.
MediaPost | Media News
Is News Corp. becoming a publishing centric media conglomerate? That appears to be a pattern emerging following Saturday's announcement that the company would divest of eight U.S. television stations to private equity firm Oak Hill Partners for about $1.1 billion. The divestiture, which is expected to close in the third quarter of 2008, follows News Corp.'s deal to acquire print and online publisher Dow Jones and Co. for $5 billion, and moves to liquidate other TV assets, including stakes in DirecTV and Gemstar TV Guide.
Newsvine - business - Wire
Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.