Saks 2nd-qtr loss narrows on full-price selling (AP)
AP – Saks Inc. reported a much smaller second-quarter loss on Tuesday as the luxury retailer managed to sell more items at full price and increase its revenue.
Stocks rise after $19 billion acquisition spree (AP)
AP – Stocks rose for a third straight day Monday after Google and other companies announced acquisitions totaling more than $19 billion.
Google-Motorola deal heats up StockTwits
The so-called “Merger Monday” continues to live up to its name, after Google announced an acquisition of handset maker Motorola Mobility Holdings for a 63% premium.
Estee Lauder 4th quarter net income rises (AP)
AP – The Estee Lauder Cos. said net income rose 72 percent in the fourth quarter as results improved across all regions, particularly the U.S.
Lowe’s 2Q net income flat on muted demand (AP)
AP – Lowe’s Cos.
Stocks poised to start week higher
U.S. stocks were poised for a modestly higher open Monday, following one of the the most volatile weeks in Wall Street’s history, as gains in markets across the globe helped set a positive tone.
New Zealand, Australian stock markets open higher (AP)
AP – Stock markets in Australia and New Zealand opened strongly on Monday, after stocks in the U.S. and Europe closed higher last week at the end of a volatile several days
New Zealand, Australian stock markets open higher (AP)
AP – Stock markets in Australia and New Zealand opened strongly on Monday, after stocks in the U.S. and Europe closed higher last week at the end of a volatile several days.
TSX plunges 4 percent, S&P downgrade stokes fears (Reuters)
Reuters – Toronto’s main stock index plunged to its lowest level in nearly a year on Monday, tracking a fall in world equities and commodity prices, on rising fears of a U.S.
Downgrade Of U.S. Hits Markets Hard Amid Ripple Effects (Investor’s Business Daily)
Investor’s Business Daily – Stock markets were rocked Monday by Standard & Poor’s downgrade of the U.S.