Posts Tagged ‘news’

Encyclopedia Britannica shelves print edition after 244 years

Diane Alter – AHN News Reporter Chicago, IL, United States (AHN) – The Encyclopedia Britannica is shelving its print edition after 244 years. The iconic thick tomes are officially old school. The Encyclopedia Britannica, which has been in continuous print since it was first published in Edinburgh, Scotland, in 1768, announced Tuesday that it is […]

Stock up Friday on solid jobs report and news from Greece

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. markets got a bounce from a slightly better than expected jobs report on Friday and positive news from Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 20 points, the Standard & Poor’s 500 Index gained […]

Lehman emerges from bankruptcy

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Lehman Brothers Holding Inc. emerged from bankruptcy Tuesday by beginning to pay creditors as stipulated in a plan set up by the court on Dec. 6. The biggest creditors with a combined $ 138 billion were Citigroup and Bank of Mellon Corp […]

Layoffs looms as Yahoo CEO sets restructuring

Windsor Genova – AHN News News Writer San Francisco, CA, United States (AHN) – Yahoo Inc.’s 14,100 employees are bracing for retrenchment, possibly at the end of the month, amid reports that CEO Scott Thompson will restructure the company to plug losses. Yahoo insiders quoted by reports point to staff from the products department, public […]

Apple’s market cap surpasses $500 billion

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Apple’s stock market value topped $ 500 billion on Wednesday in what marks a new high for the world’s most valuable company. The $ 500 billion, or half-trillion dollar valuation, puts Apple in extremely exclusive territory. Apple is now one of the […]

Markets dance with new highs as busy week on tap

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. equity markets started Monday at or near post-financial crisis highs, and are gearing up for a busy week ahead. Stocks turned in an impressive week on improved economic data and a new bailout for Greece. Markets ended the week Friday with […]

Wal-Mart reports more sales but lower Q4 profits

Linda Young – AHN News Writer New York, NY, United States (AHN) – Wal-Mart reported lower profits for the fourth quarter of 2011 despite an increase in sales. Fiscal fourth-quarter profit for Wal-Mart dropped by 15 percent and caused stock shares to drop 4 percent in trading. The world’s largest retailer reported sales rose by […]

Questions loom as Europe inks new Greek bailout

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Eurozone finance ministers agreed to a €130 billion rescue for Greece on Tuesday, averting a messy default, by forcing Athens to commit to unpopular cuts and private bondholders to take big losses. The complex deal was inked in lengthy overnight agreements. It […]

Stocks slightly higher Wednesday on eurozone optimism

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened slightly higher Wednesday following better than expected European economic data and new promises from China to keep buying debt issued by eurozone governments. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 10 points, […]

U.S. stocks open quietly Thursday as focus remains on Greece

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks were little changed on the open Thursday as investors keep a close eye on developments in Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was up 25 points, while the Standard & Poor’s 500 Index […]