Filed under: Before the bell, International markets, Market matters, Economic dataOften is the case that after a big selloff, stocks stage a rally. Alas, this is not the case today and I feel like I'm repeating myself every morning, but U.S. stock futures were lower Thursday, indicating stocks could further extend Wednesday's selloff. Yesterday, the Dow Jones Industrial Average closed below 8,0...
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LONDON (AP) -- AstraZeneca PLC won the first round of a legal fight over the release of a generic version of its child asthma medication Pulmicort Respules by rival Teva Pharmaceutical Industries Ltd. on Thursday as it also unveiled job cuts in Europe....
Market recap. U.S. stock and bond markets dropped to their lowest levels since the economic crisis began, on new concerns about rising defaults and the financial system's health. The stock market fell to a 5.5 year low, led by banks and financial institutions. Markets are now down 43.5% from an all-time high reached just over a year ago, and nearly all the gains from the last bull market (from...
European stocks saw a fresh round of selling, paced by banks and steelmakers, on concerns of a lingering global recession that few firms will be able to escape.
The pair is ready to fall sharply: quoting @ 1.4830, under today’s minimum at 1.4809 the pair has a clear way to the key support level around 1.4770: if passes under this last, we will see a good bearish momentum triggered, with next supports at 1.4712, and intermediate support at 1.4684, and then and more likely, 1.4655. To the upside, 1.4890/1.4900 will be the first resistance to consid...
Arete Therapeutics has nabbed $16.7 million in the final tranche of a first round of funding now totaling $51 million. The latest installment was co-lead by Frazier Healthcare Ventures and Alta Partners. The biotech start-up plans to put the cash toward a second phase of clinical trials for its lead drug, which aims to treat [...]
It is like fighting an army with a pea-shooter. Microsoft (MSFT) is changing the subscription model for its Apple (AAPL) iPod knock-off, the Zune. According to Reuters, MSFT "announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection.". With 180 million iPods sold around the world since it...
The Big Three automakers are taking a page out of their unions' playbooks as they deploy grassroots tactics to drum up public support for the proposed $25 billion auto industry bailout, which is on precarious ground in Washington, D.C....
Well they tried... as they say over at Minyanville.com, the cancer just might be larger than the system - this is what seems to be happening. As we wrote Tuesday [S&P 500 Looks Ready to Bow Out] we were anticipating this and unlike last Thursday we would actually not be anticipating any turnaround and in fact be riding this leg down...I come from the school that the more times you test a le...
The “Gnomes of Zurich” scored a great victory over the dollar’s defenders in the 1960s. Now their time looks to be coming around once again. Take a look at this long-term gold futures chart.