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Business

Fighting the Bears

Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?

Business

Blue chip stocks take a dip

Blue chips slipped on Friday, falling over a weak earnings forecast from the world's No. 1 home-improvement retailer Home Depot Inc, but the Nasdaq managed to eke out a tiny gain, extending its 2003 rally for a second day.

Business

Foreign business news in brief

Foreign business news in brief including from Jakarta that Indonesia#8217;s foreign direct investment (FDI) approvals dropped 35% to US$9.74bil in 2002 from US$15.06bil the prior year, government figures showed. State investment agency BKPM said just over 1,000 new projects were approved last year, down from 1,180 in 2001.

Business

The young Turk

AHMET Okumus knew that he wanted to be a money manager the moment he made his first trade at Istanbul's new stock exchange in 1987 #8211; when he was 17.

Business

Stocks up despite bleak job data

Stocks closed slightly higher on Friday as investors shrugged off early worries about dismal jobs data, while bonds rallied on the view that interest rates will remain low for months to come.

Business

Yahoo posts Q4 profit, sees 2003 services growth

Internet media company Yahoo! Inc has reported a fourth-quarter profit versus a year-earlier loss and forecast that a second consecutive year of double-digit gains would carry revenues above the high-water mark of the Internet boom.

Business

US stocks down as giants slide

B>NEW YORK:/BInvestors sold off stocks on Friday, pushing the Nasdaq to its biggest percentage loss in a month as poor outlooks from Microsoft Corp and International Business Machines Corp sank hopes for a quick improvement in corporate profits in 2003.

Business

Sohu.com continues its turnaround with Q4 profit

Chinese media company Sohu.com, once written off as another flamed-out Internet portal, has roared back to life with a fourth-quarter profit #8211; its second ever #8211; that was well ahead of forecasts.

Business

Market bear sees new US lows

US stocks are likely to undercut their October lows in the coming months and investors should brace themselves for a rare Wall Street phenomenon #8211; a fourth down year in a row #8211; says one of the market#8217;s grizzliest stock bears.

Business

Worries of war cause tumble

Stocks tumbled to their lowest levels since October on Friday as the specter of a US war against Iraq loomed over a market already spooked by the outlook for corporate profits during the rush of reporting season.