Business

Stocks jump after G-20 pledge to aid economies

FILE - In this Sept. 25, 2008 file photo, a Wall St. street sign is shown in front of the American flag hanging on the New York Stock Exchange in New York. AP Photo/Mary Altaffer, file)
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AP - 40 minutes ago

NEW YORK - Stocks jumped to new highs for the year Monday as the dollar extended its slide, boosting prices for commodities including gold and oil. Energy and materials stocks led the market higher.

Economy News

Stock Markets News

  • Ex-SEC lawyer pleads guilty in NY Marc Dreier case AP - 14 minutes ago

    NEW YORK - A former lawyer with the enforcement division of the Securities and Exchange Commission has pleaded guilty to conspiracy in a fraud carried out by a prominent Manhattan lawyer.

  • FILE - In this Sept. 25, 2008 file photo, a Wall St. street sign is shown in front of the American flag hanging on the New York Stock Exchange in New York. AP Photo/Mary Altaffer, file)
    World markets get G-20 boost while dollar slides AP - 26 minutes ago

    LONDON - World stock markets rose sharply Monday but the dollar fell after the Group of 20 rich and developing countries agreed to maintain their stimulus measures as long as economies remained weak.

  • An art installation known as 'The Source' at the entrance to the London Stock Exchange. The leading share index closed higher in London on Monday on prospects for continued stimulus measures to underpin economic recovery in leading world economies.(AFP/File/Ben Stansall)
    FTSE 100 ends higher AFP - 33 minutes ago

    LONDON (AFP) - The leading share index closed higher here on Monday on prospects for continued stimulus measures to underpin economic recovery in leading world economies.

Earnings News

  • Gazprom 1H profit halved on sinking demand AP - 20 minutes ago

    MOSCOW - Russia's Gazprom saw its earnings halved in the first six months of the year due to lower natural gas prices and sinking demand in Europe, while overall debt jumped nearly a third, the company reported Monday.

  • Alphatec posts smaller 3Q loss as sales improve AP - 37 minutes ago

    CARLSBAD, Calif. - Alphatec Holdings Inc. reported a smaller third-quarter loss Monday due to improved sales of its spinal devices.

  • Earnings Preview: Beazer Homes to post 4Q results AP - 1 hour, 7 minutes ago

    LOS ANGELES - Homebuilder Beazer Homes USA Inc. reports earnings for its fiscal fourth quarter on Tuesday. The following is a summary of key developments in the period.

Industries

  • FILE - In this July 31, 2007 file photo, a sign is shown outside Lear Corporation headquarters in Southfield, Mich. Lear Corp. on Monday, Nov. 9, 2009 said it has emerged from bankruptcy protection with a healthier balance sheet and a backlog of new business. (AP Photo/Paul Sancya, file)
    Auto supplier Lear exits bankruptcy AP - 1 hour, 11 minutes ago

    SOUTHFIELD, Mich. - Auto parts maker Lear Corp. says it has emerged from bankruptcy protection with a healthier balance sheet and a backlog of new business.

  • GM CEO Henderson in Germany discussing Opel future AP - Mon Nov 9, 10:18 AM ET

    FRANKFURT - The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake to a consortium of investors.

  • Enzon sells specialty drug business for $300M AP - 2 hours, 8 minutes ago

    BRIDGEWATER, N.J. - Enzon Pharmaceuticals Inc. said Monday it is selling most of its business to Italian drugmaker sigma-tau Group and will focus on its experimental cancer drugs and technologies.

Opinion

  • Financial Literacy: The Time Is Now BusinessWeek - Mon Nov 9, 8:08 AM ET

    When it comes to financial matters, Americans are functionally illiterate.

  • Indian School of Business Tries to Deflect Scandals BusinessWeek - Mon Nov 9, 8:08 AM ET

    At> The> Just> Rajat>And> It's> Instead,> That's> Moving>Instead,> And> Above> To>

  • Teaching the Facebook Generation BusinessWeek - Fri Nov 6, 8:08 AM ET

    Our goal as college professors is to open students minds to new experiences so they can grow intellectually while they mature through the traditional four-year process. But we are also challenged to give students the immediate skills they will need once they graduate so that they can begin their professional careers and move away from the fry-o-later to the cubicle and beyond.

Most Popular Business News

  • President Barack Obama speaks in the Rose Garden of the White House about health care reform and Iraq's new electoral law Sunday, Nov. 8, 2009, in Washington. (AP Photo/Manuel Balce Ceneta)
    Advice for Obama: 'Start knocking heads' on health AP - 1 hour, 42 minutes ago

    WASHINGTON - The most senior African American in Congress offered some unsolicited advice Monday to President Barack Obama on how to get his signature health care bill through a balky Senate: knock their heads together.

  • Financial Literacy: The Time Is Now BusinessWeek - Mon Nov 9, 8:08 AM ET

    When it comes to financial matters, Americans are functionally illiterate.

  • FILE - In this Nov. 25, 2008 file photo, passengers wait in long lines at United Airlines domestic terminal at San Francisco International Airport in San Francisco. Most carriers pushed through a $10 fare increase at the end of October, 2009. For the holidays, the big airlines added a $20 surcharge each way on popular travel days closest to Christmas and New Year's. (AP Photo/Paul Sakuma, file)
    Holiday airfares close to last year but climbing AP - Sun Nov 8, 8:02 AM ET

    If holiday travelers on the same plane compare what they paid to fly, they're likely to find quite a spread, depending on when they bought their tickets.