Market Gawk

United States Market and Economy

September 28th, 2007

links for 2007-09-29

Fast Money to 5:00 pm; Kudlow & Co. to 7:00pm
It’s about time CNBC made this obvious improvement in their schedule. Now I may actually watch the show more than once every other week.
(tags: cnbc stocks tv)

Wisdom of Crowds? Think Again.
Seriously.when was the last time you saw a group of people and said ‘wow, that […]

Original post by FeedZilla

September 28th, 2007

Nasdaq Loses Modest Ground As Trade Increases

NASDAQ stocks started off higher Friday, but reversed to close in the red as the composite gave up 0.3%. The tech-heavy NASDAQ 100 also shed 0.3%….

Original post by FeedZilla

September 28th, 2007

NYSE Stocks Retreat As Volume Picks Up

NYSE stocks pulled back Friday following a mixed bag of economic data.

Original post by FeedZilla

September 28th, 2007

Stocks Tick Down, Cap Bullish Month

Stocks ticked lower Friday, as the market took a breather at the end of a powerful month of gains.

Original post by FeedZilla

September 28th, 2007

Smiling Dry-Bulk Shippers See The Boom Times Lasting For Years

If anyone knows about the perfect storm, it’s dry-bulk shipping companies that ply the Seven Seas.

Original post by FeedZilla

September 28th, 2007

Stocks End Down to Close Out 3rd Quarter (AP)

Stocks dipped a bit Friday, the last trading day of the third quarter, with Wall Street relieved about solid readings on the economy but cautious ahead of October’s corporate earnings reports.

Original post by FeedZilla

September 28th, 2007

Scottish Re restatement to result in per-share losses for 2Q

SAN FRANCISCO (MarketWatch) — Scottish Re Group Ltd. said late Friday it plans to restate basic and diluted per-share earnings for the three-and six-month periods ended June 30, following comments by the Securities and Exchange Commission of its public filings. The insurer said the restatement stems from its failure to deduct $120.8 million related to the conversion of certain preferred shares issued May 7. The revision will result in a second-quarter loss of 30 cents a basic share, compared with previously reported earnings of $1.46 a basic share. The changes will also result in a second-quarter loss of 30 cents a diluted share, compared with previously reported earnings of 63 cents a diluted share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

September 28th, 2007

Overview: Equities shrug off US housing woes

Bad news is good news: that was the message from global equity investors this week. Many emerging markets hit fresh highs and Wall Street continued its recovery from the summer’s tremors

Original post by FeedZilla

September 28th, 2007

Wall Street slips on last day of strong September (Reuters)

Stocks dipped on Friday as money managers locked in profits on the last trading day of a strong September, while concerns surfaced about the strength of profits during a turbulent third quarter.

Original post by FeedZilla

September 28th, 2007

Office of Thrift Supervision closes NetBank

SAN FRANCISCO (MarketWatch) — The Office of Thrift Supervision has closed Alpharetta, Georgia-based NetBank Inc. , and named the FDIC receiver of its assets. ”The failed bank was an Internet bank and did not have any physical branches,” the FDIC said in a statement posted online Friday, ”Depositors of NetBank will automatically become depositors of ING Bank.” NetBank had $2.5 billion in total assets and $2.3 billion in total deposits as of June 30, the FDIC said. While the NetBank Web site is currently out of service, a notice posted on the site says that ”normal online services will be restored in the early evening Sunday, September 30th.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla