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Business

Six-day slump for Nasdaq

Blue chips ended slightly higher in quiet trading on Friday, buoyed by McDonald's Corp after it reported strong restaurant sales. But weakness in semiconductor stocks sent the technology-heavy Nasdaq down in its sixth straight losing session.

Business

Stocks and bonds on the slide

US stocks fell on Friday and bonds spent most of the session sliding after the government reported that employers kept cutting payrolls in July, although the jobless rate fell.

Business

Asian stock markets rise on positive news flow

THE KLSE and most major Asian markets ended on a positive note yesterday, buoyed by expectations of better things to come. The markets rose following Wall Street's overnight gains on news that the US economy grew at 2.4% in the second quarter, which far exceeded economists' forecasts of 1.5%.

Business

US stocks soar, Dow up

US stocks surged on Friday, with the Dow average hitting a five-week high, after a surprisingly strong durable goods report bolstered investors' confidence that an economic rebound is on its way and traders snapped up shares hit in Thursday's sell-off.

Business

Shell halts buyback as Q2 profit soars

Royal Dutch/Shell Group, the world's second largest oil firm, reported a consensus-beating 51% rise in second-quarter profits yesterday, but disappointed the market somewhat by saying it would not buy back any more of its own shares this year.

Business

Tokyo stocks close Higher Wednesday

The Nikkei Stock Average of 225 selected issues on the Tokyo Stock Exchange closed up 129.37 points, or 1.36 percent, at 9,615.34. The index lost 41.76 points, or 0.44 percent, Tuesday

Business

US stocks gain, dollar drops

US stocks rose on Friday after stellar earnings from software leader Microsoft Corp and a broker's bullish call on fast-food giant McDonald's Corp, while bonds fell after a rise in July consumer sentiment.

Business

Earnings may add to US stock market fizz

This week's rush of quarterly earnings announcements from icons like chip leader Intel Corp and banking titan Citigroup Inc may give the US stock market another jolt higher as Corporate America hints at an improving economy.

Business

Australia's News Corp. eyeing stake in Indian arm of US-based Hughes Electronics

Australia's News Corp. has offered to buy a 20 percent stake in the Indian software arm of U.S.-based Hughes Electronics Corp., a news report said Monday.

Business

Philippine shares end lower Monday

Philippine shares ended lower Monday, extending their correction after a recent rally, with investors selling San Miguel on an anti-graft court ruling that could have an impact over control of the company.