Archive for October, 2008
US Dollar Could Renew Strength vs. Euro, British Pound
The Euro/US Dollar pair recently made a false break above its month-long trend channel, but Fibonacci resistance at 1.3270 has thus far held back any further…
Related PostsForex News: Michigan Confidence indicator revised higherForex News: Michigan Confidence indicator revised higher Posted by Greg Michalowski on Fri, 07/25/2…U.K. Producer Prices Rise, Can The BoE Cut Rates?See [...]
Financials slip , downgrades hit T. Rowe, Morningstar
Financials slip , downgrades hit T. Rowe, Morningstar October 31st, 2008 NEW YORK (MarketWatch) — Shares of mutual fund and research firm Morningstar fell 20% in early trade Friday after Keefe Bruyette & Woods analysts downgraded them to market perform from outperform, pointing to a disappointing quarter and outlook. The [...]
U.S. stocks open modestly down after consumer spending drops
U.S. stocks open modestly down after consumer spending drops October 31st, 2008 NEW YORK (MarketWatch) -U.S. stocks opened lower on Friday after another round of gloomy, but anticipated, economic data and as video-games maker Electronic Arts cut its forecast and its workforce. The Dow Jones Industrial Average fell 35.85 points [...]
Tata Motors net profit falls by 34%, eyes capex cuts
Tata Motors net profit falls by 34%, eyes capex cuts October 31st, 2008 NEW YORK (MarketWatch) — Tata Motors Ltd. said Friday third-quarter net profit fell to 3.46 billion rupees, or about $70 million, from 5.26 billion rupees a year ago, a company statement said. The auto maker is mulling [...]
Airline stocks climb as oil falls towards $63 a barrel
Airline stocks climb as oil falls towards $63 a barrel October 31st, 2008 NEW YORK (MarketWatch) — Airline stocks gained altitude early Friday as the price of oil continued its slump, poised for its biggest monthly loss on record. At last check, the Amex Airline Index added nearly 2% to [...]
