US stocks slide to five year low: related news

US stocks slide to five-year low

US stocks fell for a seventh straight session, with the blue-chip Dow Jones index tumbling below 9,000 points for the first time in five years.

Five Working Mothers Join Together for the 2008 Foot Locker Five Borough Challenge at the ING New York City Marathon

PRNewswire/ -- "What does it take?" That's the theme of this year's ING New York City Marathon, and the members of this year's Foot Locker Five Borough Challenge can certainly answer the question. For the ninth consecutive year, Foot Locker is proud to unite five total strangers, one from each of the five boroughs, who share a common passion for the sport of running. The theme this year is "Working Mothers." These five inspiring women do it all ... they have careers, they raise children and they make time to train for marathons - namely before the sun even rises.

Industrial Nanotech, Inc. Maintains Four Year Record of Triple Digit Year Over Year Revenue Growth Rate Into Fifth Year Despite Global Economic Conditions

Industrial Nanotech, Inc. Maintains Four Year Record of Triple Digit Year Over Year Revenue Growth Rate Into Fifth Year Despite Global Economic Conditions

General Dynamics Wins Five-year US Patent Office Deal

General Dynamics' Information Technology unit has won a five-year contract from the US Patent and Trademark Office, USPTO, to provide infrastructure, design, engineering, architecture, and integration services as part of a deal with a total potential value of $95m awarded to three companies. Skip related content

Leading Stocks - Vertex Pharmaceuticals Inc, FLIR Systems Inc, Cephalon Inc, Xilinx, Check Point Software Technologies Ltd

Given everything that is going on in the market, I thought it might be interesting to see what stocks are leading this year. As a starting point, I pulled the component stocks for the NASDAQ 100 (NDX) and ran them through a query that gave me the year-to-date returns and a few key pieces of sentiment data. The list below is sorted to show some of the top performing stocks. The names that stood out to me include, Vertex Pharmaceuticals Inc (VRTX), FLIR Systems, Inc. (FLIR), Cephalon, Inc. (CEPH), Xilinx, Inc. (XLNX), and Fastenal Company (FAST). As the spreadsheet points out, these stocks all carry a rather heavy level of short interest. A high level of short interest can lead to the potential for a short squeeze.

Only Google held onto gains in US year-over-year search share in August

(AXcess News) Reno - Google was the only top search engine to hold onto year-over-year gains in US search share in August according to the latest Nielsen Online report.

Toys "R"Us to Offer Apple iPod "For the First Time Ever"

The iPod phenomenon shows little signs of abating. A spokesperson from the giant, Wayne, NJ-based toys retailer Toys”R”Us informs us that, beginning this month, it will offer a “wide selection of Apple iPod products in all of its Toys”R”Us stores nationwide for the first time ever.” Those comments refer to the American Toys“R”Us outlets and Web sites only. Although iPods aren’t yet listed on America's Toys"R"Us Web site, they have been available through its U.K. affiliate (www.toysrus.co.uk) for well over a year. There's no word when (or if) iPods might become available in Canada through this retail channel.

US open: UK-style bank plan lifts stocks

LONDON (SHARECAST) - Coming off its worst week in three-quarters of a century, Wall Street has opened sharply higher, with a number of crisis stocks leading the way, after a US official confirmed the US Treasury is contemplating a UK-style capital injection for US banks through the purchase of equity.

Ballmer: We can catch Google in five years; we just dont know which five

Speaking to a Silicon Valley audience at the Churchill Club two years ago, Microsoft’s Steve Ballmer said the battle to surpass Google in the search market was a five-year job. At the same venue last night, Ballmer said it was still a five-year task, though he didn’t specify if the clock had been reset. As in 2006, Microsoft remains third in the search race, still behind floundering Yahoo, which remains a distant second to Google. The keys to catching up, Ballmer said, are time, lots of money and the kind of out-of-the-box thinking that enabled James T. Kirk to beat the Kobayashi Maru scenario. “You have to redefine the category,� Ballmer said. “We’ve taken some steps in that direction. … You don’t really brute force your way into any market.

eBay Marketplace Grows Just 4%, Company Lowers Guidance

eBay posted its third-quarter 2008 earnings on Wednesday, revealing it earned $2.12 billion in revenue for the quarter, which was down 4% compared to the previous quarter and up 12% year over year. Its Marketplaces business was down 6% from the previous quarter and up 4% compared to the same quarter a year ago. eBay's Payments business was up 27% year over year, and payment volume from PayPal's merchant services business exceeded the volume received from the eBay marketplace for the first time. eBay's Communications business was up 46% year over year.

Report: Online Spending Stalls

Online retailers are starting to see the impact of a slow economy, according to a report released Tuesday by comScore. comScore, which measures Internet traffic and ecommerce sales, said that online spending in October of this year only grew 1 percent over last year's rates. The firm said the growth was the lowest monthly growth rate since comScore began tracking e-commerce in 2001. The report found that the softness in online retail spending was driven in a big part by negative spending growth in households earning less than $50,000. The slowdown in online spending in is huge contrast the the year-to-year changes being seen in 2007, when comScore was reporting back-to-back, double digit growth in ecommerce sales. For example, last year, comScore reported a 28% year-to-year increase in sales in August, 19% increases in September and a 19%

US STOCKS-Market rallies on Google, energy stocks

NEW YORK, Oct 17 (Reuters) - U.S. stocks surged in volatile trade on Friday after tech bellwether Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) posted reassuring results and energy stocks tracked the price of oil higher.

Talented artist reinforces Five Roses brand power through art

Five Roses needs no introduction to tea lovers. A brand which has been available in South Africa since the early 1900’s, Five Roses is steeped in heritage and is proud of its positioning of everyday romance. Through it’s sponsorship of events like Sanlam SA Fashion Week (SSAFW), the brand manages to keep a contemporary image. At SSAFW 2007, Vusi Mfupi was one of four artists commissioned by Five Roses to create an artwork depicting his interpretation of everyday romance. His township collage was so greatly appreciated by all at Five Roses, that the team has commissioned him again this year, to do two more artworks.

US indicts UBS wealth management head

UBS suffered its biggest blow yet in the US investigation into its offshore banking activities for rich American clients as US authorities said they had indicted Raoul Weil, the Swiss bank’s head of global wealth management. The US Department of Justice indictment also said other senior unnamed UBS’s executives were involved as alleged “unindicted co-conspirators�. Separately, the indictment includes detailed allegations about how other, more junior, managers sought to circumvent US tax rules over a period of years. The DoJ claims Weil used the expression “toxic waste� to refer to the US business because of its acute sensitivity. In a statement Tuesday night, UBS said Weil would relinquish his duties pending resolution of the matter and said the bank was “fully committed� to continuing co-operating with the probe.

Japan's Nikkei hits 26-year low, bank stocks drag

TOKYO (Reuters) - The Nikkei average fell 1.3 percent on Monday and briefly touched a 26-year intraday low, pushed down as Mitsubishi UFJ Financial Group and other large banks fell and worries about the global economy weighed. Shares of Mitsubishi UFJ and other large banks were hammered on concerns they may need to raise billions of dollars each to offset hefty losses on their stock portfolios.

Toys "R"Us to Offer Apple iPod "For the First Time Ever"

The iPod phenomenon shows little signs of abating. A spokesperson from the giant, Wayne, NJ-based toys retailer Toys”R”Us informs us that, beginning this month, it will offer a “wide selection of Apple iPod products in all of its Toys”R”Us stores nationwide for the first time ever.” Those comments presumably refer to the American (and possibly, the Canadian) Toys“R”Us outlets and Web sites only. Although iPods aren’t yet listed on either country’s Web sites, they have been available through its U.K. affiliate (www.toysrus.co.uk) for well over a year.

ACLU Creates Map of US "Constitution-Free Zone"

trackpick points out a recent ACLU initiative to publicize a recent expansion of authority claimed by the Border Patrol to stop and search individuals up to 100 miles from any US border. They have created a map of what they call the US Constitution-Free Zone. "Using data provided by the US Census Bureau, the ACLU has determined that nearly 2/3 of the entire US population (197.4 million people) live within 100 miles of the US land and coastal borders. The government is assuming extraordinary powers to stop and search individuals within this zone. This is not just about the border: This 'Constitution-Free Zone' includes most of the nation's largest metropolitan areas.'"

BrazAlta Announces Private Placement of US$18.6 Million in BCH Ltd. And Provides a BCH Operational Update

BrazAlta Resources Corp. ("BrazAlta" or the "Corporation") (TSX VENTURE:BRX) is pleased to announce that its oilfield services subsidiary, BCH Ltd. ("BCH"), has completed a non-brokered private placement (the "Financing") of 4,474,999 Common Shares of BCH Ltd. ("BCH Common Shares"), at a price of US$4.163 per BCH Common Share for aggregate gross proceeds of US$18,629,421. BrazAlta Resources Corp. acquired 2,282,249 BCH Common Shares and Allis-Chalmers Energy Inc. ("Allis-Chalmers") acquired 2,192,750 BCH Common Shares in the Financing. BCH intends to use the proceeds from the Financing to pay down intercompany debt to BrazAlta (US$7.4 million), interest to Allis-Chalmers with respect to the previously announced US$40 million subordinated convertible debenture (the "Debenture") (US$3.

US Elections: What direction now for US space exploration?

US CONGRESSMAN Adam Schiff was touring Pakistan in May when NASA's Phoenix spacecraft touched down on Mars. He was struck by the glowing accounts of NASA's triumph that suddenly dominated the Pakistani newspapers. "In a country where there are such deep suspicions about what the US does, there was at least one area where the reaction was uniformly positive," says Schiff, whose district in California includes NASA's Jet Propulsion Laboratory, which built Phoenix. "And it's one area where the US shows that it is capable of doing great things."

Two more US banks collapse, making 19 this year

New York - Two more regional US banks - in California and Texas - have collapsed amidst the worst finance crisis since the Great Depression, bringing to 19 the total number of US banks that have gone under in this year alone.

Finance crisis: Two more US banks collapse, making 19 this year

New York - Two more regional US banks - in California and Texas - have collapsed amidst the worst finance crisis since the Great Depression, bringing to 19 the total number of US banks that have gone under in this year alone.

Finance crisis: Two more US banks collapse, making 19 this year

New York - Two more regional US banks - in California and Texas - have collapsed amidst the worst finance crisis since the Great Depression, bringing to 19 the total number of US banks that have gone under in this year alone. More collapses are expec...

BUT WILL IT LAST? US stocks rally most since 1930s on bank plan with Dow gaining 936 points

THE Dow Jones ticker in Times Square displays news about the financial markets in New York on Monday. Stocks rallied worldwide, with the Standard & Poor’s 500 Index rebounding from its worst week since 1933, and oil climbed from a 13-month low after governments in Europe, the US and Asia agreed to support banks. ANDREW HARRER/BLOOMBERG NEWS

Fannie Mae to sell $2 billion in reopened benchmark notes

said Monday it plans to reopen its three-year and five-year notes, selling $1 billion of each maturity. Fannie Mae currently has $4 billion in five-year notes and $3.5 billion in three-year notes outstanding. Both issues are slated to price Monday for settlement Wednesday. End of Story

Personal Financial Assessments Remain at 32-Year Low

PRINCETON, NJ -- Over half of Americans say they are worse off financially now than they were a year ago, tied for the most negative reading in Gallup's 32-year history of asking this question. Still, close to 6 in 10 say they hope to be better off at this time next year. And despite the recent financial crisis, these results are no worse than those of four months ago, at the beginning of the summer.

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