Stocks on the move [HOT-RTRS] Real-time Equity news [U E]
U.S. stock market report [.N]
0957 ET 07Nov2007 - Buybacks don't necessarily boost shares - study
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Investors often greet news that a company plans to repurchase its shares by
bidding up its stock on hopes the plan will buoy the share price, but that is
not necessarily what happens, according to a study on Tuesday.
Companies have been buying back their own stock at a furious pace in the
past year and a half, but only one in four of those stocks outperformed the
market, according to a study of 423 companies in the Standard & Poor's 500
Index <.SPX> that announced share repurchases in the last 18 months by Standard
& Poor's.
For more please double click [ID:nN06445032]
Reuters Messaging rm://[email protected]
1050 ET 07Nov2007 -WaMu shares suffer worst tumble since Sept. 2001
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Washington Mutual <WM.N> stock fell 9.5 percent on Wednesday, the biggest
drop since the first day trading resumed following the Sept. 11 attacks. Shares
of the largest U.S. savings and loan fell after its chief executive said it is
"hard to speculate" on the market environment in January, when the board is
scheduled to next assess its dividend policy.
For more please double click [ID:nWEN2426]
Reuters Messaging rm://[email protected]
1019 ET 07Nov2007-Airline stocks descend to Aug. 16 low on oil prices
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Crude oil hovering near $100 a barrel sent airline stocks to their lowest
level since Aug. 16, when the broader stock market tumbled sharply on concern
about the mortgage market meltdown. The American Stock Exchange index of
airlines <.XAL> was down 3 percent. Among the worst decliners were shares of
Delta <DAL.N>, down 5.7 percent and Continental <CAL.N>, down 4.2 percent.
Reuters Messaging: rm://[email protected]
1006 ET 07Nov2007-Wall St slides on GM, oil and dollar worry
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U.S. stocks slid on Wednesday as General Motors Corp's <GM.N> biggest ever
quarterly loss, oil prices near $100 a barrel and a slide in the the dollar
combined to fan worries about corporate profits and inflation.
Shares of GM, the largest U.S. automaker, was among the top decliners on
the Dow, falling more than 3 percent.
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Reuters Messaging: rm://[email protected]
1005 ET 07Nov2007-Fed's Lacker-Fed doesn't act with banks' profits in mind
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Richmond Fed President Jeffrey Lacker says the Fed doesn't conduct monetary
policy with banks' profits in mind. U.S. bank earnings have been hammered by
huge write-downs on subprime mortgage exposure.
For details, double-click on [ID:nNAT003397].
Reuters Messaging: rm://[email protected]
0950 ET 07Nov2007 -US STOCKS-Wall St drops at open after steep GM loss
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U.S. stocks opened sharply lower on Wednesday after General Motors Corp
<GM.N> posted its biggest ever quarterly loss, oil moved closer to $100 and the
dollar tumbled, casting doubt on the U.S. economic outlook and prospects for
corporate profits.
For more please double click [ID:nN07507118]
Reuters Messaging rm://[email protected]
0913 ET 07Nov2007-Before the Bell-Garmin down as rival lifts bid for TeleAtlas
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Shares of Garmin <GRMN.O> fell before the opening bell on Wednesday after
rival TomTom <TOM2.AS> lifted its bid for Dutch digital map company Tele Atlas
<TA.AS>, which Garmin is also pursuing.
Garmin stock fell 6.5 percent to $94 in pre-market trading.
For more please double click [ID:nN07496734]
Reuters Messaging rm://[email protected]
0823 ET 07Nov2007 -Gold ETF climbs before the opening bell
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StreetTRACKS Gold Shares <GLD>, the world's largest gold-backed exchange
traded fund, was up 1.8 percent and was among the most active issues in
pre-market trading as gold <XAU=> touched $845.40 an ounce, its highest in
nearly three decades.
Reuters Messaging rm://[email protected]
0812 ET 07Nov2007 -Washington Mutual sees big drop in US mortgages
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Washington Mutual Inc <WM.N>, the largest U.S. savings and loan, said on
Wednesday it expects mortgage originations nationwide to slump to $1.5 trillion
in 2008 from a projected $2.4 trillion this year, as housing prices extend
their decline.
For more please double click [ID:]
Reuters Messaging rm://[email protected]
0807 ET 07Nov2007 -GLOBAL MARKETS-Dollar, huge GM loss hit stock markets
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The dollar hit record lows versus the euro on Wednesday, knocking major
stock markets as General Motors <GM.N> posted its biggest quarterly loss ever
which rattled investors already concerned about the U.S. economy.
For more please double click [ID:nL07277686]
Reuters Messaging rm://[email protected]
0749 ET 07Nov2007 -HEADLINE STOCKS - U.S. stocks to watch on Wednesday
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U.S. stocks to watch on Wednesday:
GENERAL MOTORS <GM.N>
BMC SOFTWARE <BMC.N>
INDYMAC BANCORP <IMB.N>
FLUOR <FLR.N>
For more please double click [ID:nN07483927]
Reuters Messaging rm://[email protected]
Keywords: MARKETS STOCKSNEWS