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Dow finishes wild week on an up note
NEW YORK — The wildest week in Wall Street’s history is ending on an up note. A rebound in retail sales in July helped the stock market push higher Friday. The week has been marked by seesaw trading. The Dow Jones industrial average rose or fell by more than 400 points each of the first […]
Stocks rise on small but positive economic signs
NEW YORK — Wall Street’s wildest week since 2008 continued with another 300-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could […]
Stocks rise after unemployment report
NEW YORK — Stocks are rising after news that fewer people joined the unemployment line last week and word that a technology bellwether’s profit beat expectations. The Dow Jones industrial average is up 256 points, or 2.4 percent, at 10,972 at 11:45 a.m. in New York. The S&P 500 is up 30, or 2.8 percent, […]
Stocks resume sell-off; Dow finishes down 519
NEW YORK — Back to reality for the stock market — and back down. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The selling was intensified by worries about debt problems in Europe. The Dow Jones […]
Stocks plunge as attention returns to weak economy
NEW YORK — Stocks plunged again Wednesday as investors turned their attention back to the weak global economy and Europe’s debt problems. Most of the big gains that followed a Federal Reserve pledge to extend super-low interest rates vanished. The Dow Jones industrial average fell 345 points, or 3 percent, to 10,895 in early afternoon […]
Dow plunges more than 600 points after downgrade
NEW YORK — Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor’s downgraded American debt. The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in the last 112 years and the worst one-day drop since December 2008. Every stock in […]
American Capital Mortgage shares sink in debut
NEW YORK — Shares of American Capital Mortgage Investment Corp. are dropping in the real estate investment trust’s trading debut. The subsidiary of asset management company American Capital Ltd. sold 8 million shares at $20 per share in an initial public offering. It had planned to sell 17.5 million shares. It also sold 2 million […]
Dunkin’ Brands Group 2Q net income nearly flat
CANTON, Mass. — Dunkin’ Brands Group Inc., which went public last month, said Wednesday that its second-quarter earnings were nearly flat as the company focused on its U.S. expansion efforts and aggressive growth overseas. The parent company of Dunkin’ Donuts and Baskin-Robbins earned $17.2 million for the three months ended June 25. That compares with […]
Top 5: ‘Welcome to the new angel environment’
A new name for a Baltimore neighborhood, the possibility of a new hospital in Prince George’s County and a new funding for a Baltimore tech start-up. Here are the Top 5 business stories of the week. 1. Baltimore Internet company snags $750K in funding – by Alissa Gulin 410 Labs — which this month released […]
First Mariner will appeal Nasdaq delisting
First Mariner Bancorp, the parent company of 1st Mariner Bank, said Thursday it would appeal the delisting of its stock by the Nasdaq stock market — giving the troubled bank company another 30 to 45 days to make its case. On July 15, Baltimore-based First Mariner received notice from Nasdaq that its request to stay […]
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 […]
Stocks post third straight day of gains
NEW YORK — Stocks are closing broadly higher following signs that the European financial crisis may be contained. European Union officials said Monday that the EU would take steps to prevent Greece’s problems from affecting Ireland and Portugal. Stocks gained as investors turned their attention back to the U.S. Health companies like Aetna and Humana […]
