Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.President Barack Obama and top congressional leaders met at the White House to work on a solution for the draconian debt-reduction measures set to take effect beginning next...
Wall Street Week Ahead: Cliff may be a fear, but debt ceiling much scarier
Labels: Business Investors fearing a stock market plunge - if the United States tumbles off the "fiscal cliff" next week - may want to relax.But they should be scared if a few weeks later, Washington fails to reach a deal to increase the nation's debt ceiling because that raises the threat of a default, another credit downgrade and a panic in the financial markets.Market strategists say that while falling off...
Stung Bankia investors look to courts for justice
Labels: Business Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely.About 350,000 stockholders will share the pain of the bank's European bailout, many of them bank clients who were sold the shares through an aggressive marketing campaign...
Indian stocks third best performers globally
Labels: BusinessMumbai, Dec 31 (IANS) After a dismal show a year ago, the Indian stock market emerged as the third best performer globally in 2012, with a return of over 25 percent for a key index on the back of $24 billion foreign fund inflows and robust buying by domestic investors.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ranked third in terms of returns after the yields of the 50-scrip...
Stocks open mixed as budget deadline nears
Labels: Business Stocks are little changed in early trading on Wall Street as a budget deadline approaches with no deal in sight.The Dow Jones industrial average was down six points at 12,931 shortly after the opening bell Monday.The Standard & Poor's 500 index was up two points at 1,405 and the Nasdaq composite edged up 10 points to 2,970.There are just hours to go before a midnight deadline, when sweeping...
Dec
27
Analysis: For tech investors, it's hard to know when to bolt
Labels: technologyWhen Hewlett-Packard Co agreed to buy British software company Autonomy in August last year for $11.1 billion, two well-known investors made diametrically different bets on how the big deal would play out.To short seller Jim Chanos, who had been raising red flags on Autonomy for years and had started shorting shares of HP in 2011, the deal was another nail in the coffin of the Silicon Valley tech...
The Trouble with Adam Lanza's DNA
Labels: technologyIn a rare and now controversial investigation, scientists have been asked by Connecticut's medical examiner to study Sandy Hook shooter Adam Lanza's DNA — but the DNA community doesn't think that's such a good idea. Though details on the research are scant, University of Connecticut geneticists will apparently be looking for biological clues that might explain Lanza's extreme violent behavior. The...
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