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Facebook looks to extend online reach, sharing
Stock Market News | 2011/09/22 11:48

Facebook is trying to evolve from an Internet hangout where people swing by to share tidbits, links and photos to a homestead decorated with the memories, dreams and diversions of its 800 million users.

In what may be the boldest step yet in the company's seven-year history, Facebook is redesigning its users' profile pages to create what CEO Mark Zuckerberg says is a "new way to express who you are."

It is betting that despite early grumblings, its vast audience will become even more attached to a website that keeps pushing the envelope. To that effect, it is introducing new ways for people to connect with friends, brands and games while also sharing details about their lives from the mundane to the intimate.



Stock indexes edge higher on optimism about Greece
Stock Market News | 2011/09/14 10:20

Stock indexes edged higher in another bumpy trading day Wednesday as optimism grew about talks in Europe on containing that region's debt crisis.

The Dow Jones industrial average is up 34 points, or 0.3 percent, to 11,141 shortly after noon. It had been up as many as 73 points and down as many as 112 points within an hour after the opening bell.

The leaders of Greece, France and Germany will confer by teleconference later Wednesday to seek ways of avoiding a default by Greece. European stock indexes rose as investors hoped the talks would be productive. Germany's DAX rose 3.4 percent and France's CAC-40 1.9 percent. The threat of a default and the damage it could wreak on financial markets has had investors on edge for weeks.

Concerns over Europe have been driving markets lower in the past two weeks, lifting Treasurys and weighing on stocks. The yield on the 10-year Treasury note hit a record low on Monday of 1.87 percent and the S&P 500 has only risen three days this month.



Stocks rise ahead of Bernanke, Obama speeches
Stock Market News | 2011/09/08 09:20
Stocks are gaining steam ahead of speeches on the economy by Federal Reserve Chairman Ben Bernanke and President Barack Obama.

Bernanke will detail his outlook for the economy Thursday afternoon. Obama will lay out his jobs plan at a joint session of Congress tonight.

Stocks drifted between gains and losses in early trading after mixed signs on the economy. New applications for unemployment benefits rose last week. At the same time, U.S. exports rose to an all-time high. That could be a sign the economy is growing.

At 11:45 a.m., the Dow Jones industrial average was up 37 points, or 0.3 percent, to 11,453. The S&P 500 rose 3, or 0.3 percent, to 1,201. The Nasdaq gained 13, or 0.5 percent, to 2,562.





Stocks trade mixed; manufacturing growth slows
Stock Market News | 2011/09/01 08:38
Stocks are wobbling in midday trading after U.S. manufacturing expanded in August, but at a slower rate than the month before.

Retailers reported strong sales despite wild swings in the stock market and worries about the economy.

The Institute for Supply Management's index indicated that manufacturing expanded for the 25th straight month. Analysts had expected a contraction.

Macy's and Costco Wholesale edged up after their sales rose more than analysts had expected.

The Dow Jones industrial average is down 4 at 11,609 at midday. The Standard & Poor's 500 index is down 1, or 0.1 percent, at 1,217. The Nasdaq composite index is down less than a point at 2,579.



Stocks recover after Bernanke predicts US growth
Stock Market News | 2011/08/26 09:56

Stocks rose in afternoon trading Friday after Federal Reserve Chairman Ben Bernanke said the U.S. is on track for long-term economic growth.

Bernanke left open the possibility of more action by the Fed if another recession looks likely. But he announced no new economic stimulus measures during his speech at a conference in Jackson Hole, Wyo.

Indexes fell sharply as the speech was released and it became clear that Bernanke was not promising new stimulus measures. The Dow Jones industrial average was down about 78 points shortly before the speech started and slumped as many as 220 points shortly after Bernanke started speaking. It recovered those losses within an hour. By late morning major market indexes were all trading higher.

Many traders were disappointed that the Fed chairman didn't offer steps to shore up the fragile economic recovery. Optimism had been building on Wall Street this week that Bernanke might announce some kind of action. Bernanke was speaking at a conference in Jackson Hole, Wyo., the same event where he announced plans for a bond-buying program a year ago.



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