May 25, 2010 at 7:17 a.m.
Filed under:
Pharmaceuticals,
Stock activity
By Tribune staff | NovaMed announced Tuesday that its shareholders approved a one-for-three reverse split of the company’s outstanding shares of common stock.
The Chicago-based operator of ambulatory surgery centers said the split will take effect before the markets open June 1 for shareholders of record at the close of business May 28. Shareholders also authorized a reduction in the total number of shares the company is authorized to 33.33 million shares of common and preferred stock from 100 million shares, which will become effective with the stock split. Its shares closed at $3.55 Monday, up 20 cents in Nasdaq trading.
May 24, 2010 at 3:14 p.m.
Filed under:
Stock activity
A trader at the New York Stock Exchange on Monday. (AP Photo/Richard Drew)
Reuters | U.S. stocks ended lower on Monday, with the Dow posting its lowest close since Feb. 10, as fresh worries about Europe’s banking system weighed on sentiment. The Dow Jones industrial average fell 126.82 points, or 1.24 percent, to end at 10,066.57.
May 24, 2010 at 10:29 a.m.
Filed under:
Exchanges,
Investigations,
Stock activity
Reuters | U.S. regulators still have not found evidence that erroneous activity or system malfunctions triggered the recent unprecedented market crash, a Commodity Futures Trading Commission official said on Monday.
More than two weeks after the Dow Jones industrial average lost nearly 700 points in minutes before recovering, regulators and exchange operators are still searching for answers.
Get the full story »
May 21, 2010 at 10:04 a.m.
Filed under:
International,
Policy,
Politics,
Stock activity
Dow Jones Newswires-Wall Street Journal | Financial stocks turned higher Friday as some uncertainty was removed
with the U.S. Senate’s passage of its version of a financial-overhaul
bill, though investors are still concerned about what the final bill
will include and continue to grapple with ongoing fears about the debt
crisis in Europe.
Investors have been in limbo for months, wondering what provisions will
be in the final law. The Senate still needs to reconcile its bill with
the one passed by the House in December. But the Senate’s passage of its
measure does offer a little more clarity because its bill had undergone
a multitude of changes and amendments while it was up for debate.
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May 21, 2010 at 8:38 a.m.
Filed under:
Stock activity
Associated Press | Stocks are sliding for a fourth day on more worries about how Europe is handling its debt crisis. The Dow Jones industrial average dropped below the psychological
barrier of 10,000 and is down 100 at 9,965. The Standard & Poor’s
500 index is down 11 at 1,060, while the Nasdaq.
The drop Friday comes a day after major indexes posted their biggest
declines in more than a year. That pushed the market to “correction”
mode, or a sharp decline from a recent peak.
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May 20, 2010 at 12:02 p.m.
Filed under:
Pharmaceuticals,
Retail,
Stock activity
Dow Jones Newswires | Shares of drug-store chain Walgreen Co.
fell 5.4 percent to $32.93 in recent action Thursday, hit by a
downgrade from Credit Suisse, which lowered its stock rating to neutral
from outperform and cut its 2010 profit target.
Get the full story »
May 19, 2010 at 12:38 p.m.
Filed under:
M&A,
Manufacturing,
Stock activity
From Bloomberg News | Shares of Pactiv Corp., the maker of Hefty bags, hit a 20-month high Wednesday afternoon on talk that Georgia-Pacific and Rank Group had joined bidding for the company.
Read the full story: bloomberg.com
May 19, 2010 at 11:41 a.m.
Filed under:
Stock activity
Associated Press | Stocks resumed their slide Wednesday, after investors looked past a rising euro to still unanswered questions about Europe’s debt crisis. The Dow Jones industrial average fell about 125 points at midday.
Get the full story: Stocks stumble after investors look past euro.
May 17, 2010 at 5:12 p.m.
Filed under:
Food,
Investing,
Stock activity
Berkshire Hathaway Chairman and CEO Warren Buffett in Omaha on May 2, 2010. (AP Photo/Nati Harnik)
Associated Press | Billionaire Warren Buffett’s firm says it cut its holdings in a dozen companies in the first quarter, including slashing its stake in Kraft Foods Inc., as it finished raising cash for its $26.7 billion acquisition of the Burlington Northern Santa Fe railroad.
The sale of more than 30 million Kraft shares came after Buffett criticized the company for overpaying when it acquired British candy maker Cadbury for $19.5 billion in February.
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May 17, 2010 at 3:46 p.m.
Filed under:
Education,
Stock activity
From Bloomberg | Education stocks rose after the Chronicle of Higher Education reported that U.S. Education Deputy Undersecretary Robert Shireman will step down. Apollo, the biggest U.S. for-profit education provider, advanced 9.9 percent to $57.98, while Hoffman Estates-based Career Education Corp. jumped 8.7 percent to $31.35, and Oakbrook Terrace-based DeVry Inc. gained 4.9 percent to $62.03.
Get the full story: businessweek.com.
May 17, 2010 at 10:30 a.m.
Filed under:
International,
Stock activity
Traders on the floor of the New York Stock Exchange Monday, May 17, 2010. (AP Photo/Richard Drew)
Associated Press | European stock markets rebounded Monday, and the euro pushed back up above near four-year lows against the dollar, despite ongoing worries about the continent’s sovereign debt crisis. In the U.S., the Dow Jones industrial average was up about 3 points at
10,623.11 soon after the open, while the broader S&P
500 index rose 1.64 points, or 0.1 percent.
Get the full story: European markets rebound as euro perks up.
May 14, 2010 at 4:49 p.m.
Filed under:
Jobs/employment,
Stock activity
Associated Press | Stocks tumbled for a second day Friday after concerns grew that the deep spending cuts under Europe’s bailout plan would slow a global recovery. The Dow Jones industrial average ended down 163 points, but closed well off its lows of the day. The Dow and other major stock indexes still posted big gains for the week after rocketing higher Monday on hopes that a bailout plan for Europe would prevent a debt crisis in Greece from spreading.
Get the full story: Stocks fall amid investor uncertainty.
May 14, 2010 at 10:56 a.m.
Filed under:
Credit Cards,
Stock activity
Associated Press | Credit card company Visa Inc. fell $7.28 to $78.45, while Mastercard Inc. fell $17.10 to $215.21, in early trading Friday, after the Senate voted to curb fees on debit cards. The 64-33 vote inserted the fee requirement in a package
of new financial rules the Senate is considering to ward off a repeat of
the financial crisis.
May 12, 2010 at 5:32 p.m.
Filed under:
Food,
International,
Stock activity
By Julie Wernau | Downers Grove-based consumer products giant Sara Lee will sell its 51
percent stake in Indian food company Godrej, according to a release from
Sara Lee. The joint venture, called Godrej Sara Lee, primarily markets
insecticides in India. Sara Lee will sell its stake for $234 million.
Brenda Barnes, chairman and chief executive of Sara Lee Corp., said the
sale is part of the company’s strategy to focus on its core food and
beverage businesses. The company has also received offers from Unilever
for its body care business for 1.275 billion euros ($1.61 billion) and
from P&G for its air care business for 1.780 billion euros ($2.26
billion). The company said it has also seen “strong interest” in other
segments of its international household and body care business that it
wishes to divest — shoe care, non-Indian insecticides and certain
non-European cleaning brands.
Get the full story »
May 12, 2010 at 3:20 p.m.
Filed under:
Stock activity
Associated Press | A dose of good economic news sent stocks sharply higher and erased the Dow’s big plunge from last week. The news from the U.S. and Europe Wednesday has helped reassure investors that the global recovery is intact. The Commerce Department says exports rose in March to their highest levels since 2008.
Get the full story: Stocks climb after focus returns to U.S. economy.
