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W.R. Grace completes purchase of Dow unit
W.R. Grace & Co., of Columbia, a manufacturer of specialty chemicals announced Monday it has completed the previously announced acquisition of the assets of the polypropylene licensing and catalysts business of Dow Chemical Co. for a cash price of $500 million.
Dow average dumps Kraft Foods for UnitedHealth
NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth Group, the insurance company. The change takes effect Sept. 24. S&P Dow Jones Indices, which […]
Intellectual property and the 2012 Olympics
Are these examples of globalizing cultural values? And if so, are these a good or bad side effect of the Games?
Dow crosses 13,000 for first time since 2008
NEW YORK — The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead. The milestone came about two hours into the trading day. The stock market got […]
Apple’s earnings miss drags tech stocks lower
NEW YORK — A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in talks to resolve Europe’s debt crisis. The leaders of Germany, France, the International Monetary Fund and the European Central Bank met Wednesday in preparation for a […]
Dow falls more than 400 points on fears about economy
NEW YORK — Stocks have closed sharply lower after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession. The Dow Jones industrial average fell as much as 527 points, the second consecutive rout since the Federal Reserve announced a change in strategy for fighting the economic […]
Dow up for a fourth day, turns positive for 2011
NEW YORK — It’s a quiet end to a wild month for financial markets. Stocks edged higher Wednesday on a report that factory orders surged in July. The Dow Jones industrial average turned higher for the year. The Dow’s four-day winning streak ended a tumultuous August that had the most 400-point swings in the history […]
Stocks jump; Dow notches best gain in 2 weeks
NEW YORK — Stocks posted their biggest jump in nearly two weeks on Tuesday. Investors picked up cheaply priced stocks after fears that the U.S. would slip into a recession pounded the market over the last month. The Dow jumped 322 points, its best day since Aug. 11, when it gained 423. The Dow dipped […]
Stocks rise broadly, second day of gains
NEW YORK — Stocks are sharply higher in midday trading for the second day in a row. Exxon Mobil Corp. rose the most of the 30 stocks in the Dow Jones industrial average on Tuesday, gaining 2.8 percent. Chevron Corp. rose 2.7 percent. Bank of America Corp. sank 2 percent, the worst in the Dow. […]
Stocks inch higher, shaking off 4 weeks of losses
NEW YORK — It was another day of big swings in the Dow Jones industrial average, but at least Monday ended with a modest gain. The Dow soared 200 points in the morning, an encouraging start after four weeks of losses. By noon that gain shriveled to just 2 points, then came a rise of […]
Stocks sink on fresh fears about global economy
NEW YORK — July doesn’t look so promising anymore. By midday Monday the Dow Jones industrial average had its biggest percentage drop since June 15. The Dow is down 170 points, or 1.3 percent, to 12,483. The European debt crisis appears to be widening with concerns about government debt defaults spreading beyond Greece, Ireland and […]
Dow reaches 2011 high after unemployment falls
NEW YORK — A drop in the unemployment rate to a two-year low sent the Dow Jones industrial average to a new 2011 high Friday. The Labor Department said the unemployment rate fell to 8.8 percent, the lowest since March 2009, as companies added workers at the fastest two-month pace since before the recession began. […]
