Stocks ended lower Monday, led by industrials, materials and techs. Investors once again shrugged off a wave of merger-and-acquisition activity, which normally gives the market a boost. The Dow Jones Industrial Average fell 39.21, or 0.4 percent, to close at 10,174.41. That brought its three-day loss to 2 percent. The S&P 500 and Nasdaq also fell, with [...]

U.S. commercial real estate prices posted their first quarterly gain in more than two years last quarter, data showed on Monday, although deepening economic gloom may cut post-slump celebrations short. After shedding about a third of their value between the first quarters of 2008 and 2010, average U.S. commercial property prices rose by 2.2 percent in [...]

Intel said on Thursday that it has agreed to buy McAfee, the computer antivirus software maker, for about $7.7 billion in cash, as the chip giant seeks to expand its presence in security services. Under the terms of the deal, Intel will pay $48 a share in cash, a 60 percent premium to McAfee’s Wednesday closing [...]

General Motors filed for an initial public offering of stock on Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy. Morgan Stanley, JPMorgan, Bank of America Merrill Lynch and Citigroup have been selected as the lead underwriters for the IPO by the top U.S. automaker. GM’s initial [...]

U.S. bankruptcy filings have reached the highest level since 2005, government data released on Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. There were 422,061 bankruptcy filings between April and June, according to the Administrative Office of the U.S. Courts, up 9 percent from 388,148 in the prior three-month [...]

El Al’s profit rose in the second quarter, with revenue up 25 percent, Reuters reported on Wednesday. The airline’s net profit was $14.8 million, or 3 cents per share, compared with a loss of $19.7 million, or 4 cents per share, last year. Revenue grew to $498.5 million due to higher passenger traffic and cargo revenue. (Source: Jpost)

Stocks rallied Tuesday after a Federal Reserve regional president said fears about the central bank’s outlook were “unwarranted” and investors shifted their focus to strong earnings from Wal-Mart and Home Depot. The Dow Jones industrial average rose 104 points, or 1%, pushing the index to 10,406. The Nasdaq (COMP) composite climbed 28 points, or 1.3%, to 2,209; [...]

08/16/10: Stocks ended a quiet trading session largely flat, with the Dow closing with a slight loss. Technology stocks gave a modest boost to the Nasdaq, which ended higher. The Dow Jones Industrial Average fell 1.1 points, or 0.01 percent to 10,302.01, marking a fifth straight day of losses. The S&P 500 eked out a gain of [...]

The Dow Jones Industrial Average ended down 58.9 points, or 0.6 percent, to 10,319.95. The blue-chip index is in negative territory for the year, down 1 percent. The S&P 500 slipped 5.86 points, or 0.5 pecent, to 1,083.61, while the tech-heavy Nasdaq fell 18.4 points, or 0.8 percent to 2,190.27. (Source: CNBC)

Stocks tumbled Wednesday amid light volume as investors continued to lose confidence in the strength of the global economy in the wake of the Federal Reserve’s grimmer outlook and a softening domestic economy in China. The Dow Jones Industrial Average was down 265.4 points, or 2.5 percent to 10,378.83 . The market close was the worst [...]