The New York equities markets had to recover from losses incurred by disappointing quarterly results from General Motors, Intel, and Yahoo. The Dow, the S&P and Nasdaq all managed to finish the day in positive territory, though. The Dow Jones Industrial Average gained 0.4 percent to 10,689.15, the S&P 500 was up 0.5 percent to [...]

A decision handed down by the US 9th Circuit Court of Appeals late Thursday afternoon that immediately ended the ban on importation of Canadian cattle into to the US due to fears of mad cow disease sent shares of Tyson Foods Inc. soaring on Friday morning. The stock gained 7.5 percent, or $1.39 to trade [...]

US equities markets ended the day in positive territory on Wednesday on news that the US trade deficit dropped in May as well as on falling oil prices. The Dow Jones Industrial Average finished the day up 0.47 percent at 10,577.00, while the Nasdaq composite closed ahead by 0.13 percent to 1,569.00 and the S&P [...]

Boeing has taken yet another step in it’s effort to once again become the leader in the commercial aerospace industry, a status that had been claimed in recent years by Airbus, Boeing’s European rival. After an announcement of a new order worth $6 billion from Air Canada, Boeing announced Tuesday that Air India had ordered [...]

The good news that came out of the delayed report of Freddie Mac’s earnings in 2004 is that the fair value of it’s assets had increased by 13 percent last year. The bad news was that net income of this second-largest mortgage-finance provider in the U.S. had declined by 42 percent. Still, the federal office [...]

Major Wall Street banks today reported record revenues for Q1. Goldman Sachs and Morgan Stanley both reported record earning for Q1, and with earnings for these combined with Lehman Brothers and Bear Stearns, it brings income for all four Wall Street banks to $4.23bn, up 19% on last year. Investment banking remains especially profitable, with [...]

Comments from the South Korean central bank led to investor fears of a sell-off of Asian dollar reserves, resulting in a large slid in the dollar’s value. There has already been a movement from US dollar holdings in central banks, to more diverse currency management, not least while the euro and Australian dollar are currently [...]

US markets warmed to strong profit results from major coporations today. Although Boeing reported a profit fall of 84% on last year, due to closure of its 717 programme, this still created above expectation net profits of $186m. The defence arm was especially credited with good performance. And with the Boeing 7E7 due for ceremony [...]