GE gets SEC 'Wells notice' over possible violations
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at MarketWatch
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10 minutes ago
General Electric Co. said it may be facing a civil action from the Securities and Exchange Commission over how it accounted for derivatives in several of its segments, the company said in an SEC filing Friday.
Black & Decker names Stephen Reeves chief financial officer
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at MarketWatch
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12 minutes ago
Black & Decker Corp. said late Friday it named Stephen Reeves as chief financial officer. Reeves will succeed Michael Mangan who was named senior vice president of the corporation and president of the worldwide power tools and accessories business.
Treasury near finalizing Fannie, Freddie backstop: report
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at MarketWatch
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43 minutes ago
The U.S. Treasury is near finalizing a plan to backstop Fannie Mae and Freddie Mac and may make an announcement as soon as this weekend, The Wall Street Journal reported late Friday on its Web site.
U.S. stocks end mostly up Friday but week down sharply
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at MarketWatch
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58 minutes ago
U.S. stocks finished mostly higher Friday, but posted steep weekly losses, as the market digested a big jump in the unemployment rate in August which confirmed this week's bleak views on both the U.S. and the global economy.
Crude futures close lower, down 8% for the week
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at MarketWatch
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2 hours, 30 minutes ago
October crude closed at a fresh five-month low of $106.23 per barrel on the New York Mercantile Exchange Friday, down $1.66 for the session to lose 8% for the week. Traders factored in uncertainty ahead of a key meeting of oil producers next week as well as ongoing concerns about demand.
McCain speech's TV audience outdraws Obama
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at MarketWatch
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2 hours, 34 minutes ago
Republican Presidential nominee John McCain's acceptance speech Thursday night drew a total of more than 38.9 million viewers on eight television networks, surpassing the 38.3 million that tuned in for Sen.
Gold falls for fifth session on lower oil; down $32 in week
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at MarketWatch
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Fri 2:10 pm ET
Gold futures Friday fell for a fifth session, extending the precious metal's weekly losses to more than $30, as falling crude-oil prices reduced gold's appeal as a hedge against inflation.
Gold futures turn lower as dollar pares losses, oil falls
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at MarketWatch
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Fri 1:05 pm ET
December gold traded at $801 an ounce Friday in the last half an hour of trading on the New York Mercantile Exchange, down $2.20, or 0.3%. It retreated from a high of $823.10 as oil prices fell and the U.S. dollar cut its losses against some major currencies, putting some pressure on dollar-denominated gold prices.
JetBlue Airways August traffic, capacity rise
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at MarketWatch
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Fri 1:04 pm ET
JetBlue Airways Corp. said Friday that August traffic rose 1.9% to 2.56 billion revenue passenger miles from last year. A revenue passenger mile equals one passenger flown one mile.
Ukraine's PFTS stock index falls 7%, trading suspended
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at MarketWatch
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Fri 12:39 pm ET
Ukraine's PFTS Stock Exchange suspended trading Friday from 12:45 p.m. local time until 3 p.m. after the benchmark PFTS index tumbled 7%, according to a statement from the exchange.
U.S. stocks come off lows as financials, tech stocks rise
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at MarketWatch
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Fri 12:31 pm ET
U.S. stocks came off earlier lows on Friday, as rising financial and technology stocks, somewhat offset losses induced by a big jump in the unemployment rate in August. The Dow Jones Industrial Average dipped 14 points, or 0.1%, to 11,173, after earlier dipping to an intraday low of 11,037.
Blackstone, KKR may buy Lehman assets: report
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at MarketWatch
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Fri 12:30 pm ET
Blackstone Group and Kohlberg Kravis Roberts & Co. are separately looking to buy parts of Lehman Brothers' real estate and asset management units, Thomson Reuters reported Friday in its online edition, citing sources familiar with the situation.