Latest News In Stock Market Investment Research – Jan 15, 2010

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15 Jan 2010 at 7:20am

NEW YORK (MarketWatch) — Treasury prices held onto gains on Friday, pushing 10-year yields to the lowest in almost a month, after a report showed industrial production rose 0.6% in December, a little more than economists expected. Yields on 10-year notes fell 7 basis points to 3.68%. The report also showed a gauge of slack in the economy rose last month. Still to come is a survey on consumer confidence.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. Dec. industrial output up 0.6% on utilities

15 Jan 2010 at 7:15am

WASHINGTON (MarketWatch) – The output of the nation’s factories, mines and utilities rose 0.6% in December on a big jump in electric and gas utilities due to cold weather, the Federal Reserve said Friday. The December increase was slightly higher than the 0.5% gain expected by economists surveyed by MarketWatch. However, factory activity alone slipped 0.1% after rising 0.9% in November. For the fourth quarter as a whole, industrial output rose at a 7.0% annual rate. Capacity utilization – a gauge of slack in the economy — rose to 72.0% in December from 71.5% in November. This is the highest level since last December.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. industrial production up 0.6% in December

15 Jan 2010 at 7:15am

WASHINGTON (MarketWatch) – The output of the nation’s factories, mines and utilities rose a seasonally adjusted 0.6% in January, the sixth increase in a row following the worst downturn since the end of World War II, the Federal Reserve reported Friday. Colder-than-usual weather contributed to the gain in December, with utility production rising a seasonally adjusted 5.9%. The output of factories dropped 0.1% in November after a 0.9% gain in November, repeating the see-saw pattern of the past four months. Output of mines rose 0.2%. For all of 2009, output plunged 9.7%, the steepest yearly decline since output fell 13.7% in 1946.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Crude oil, gold down after CPI, manufacturing data

15 Jan 2010 at 6:42am

NEW YORK (MarketWatch) — Crude oil and gold futures stayed under pressure on Friday after reports showed consumer prices rose 0.1% in December and that the New York Federal Reserve’s manufacturing index made a sharp improvement in January. Crude oil for February was down 57 cents, or 0.7%, at $78.82 a barrel. Gold for delivery the same month fell $10.80, or 0.9%, to $1,132.20 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Dollar added to gains after consumer-price data

15 Jan 2010 at 6:41am

NEW YORK (MarketWatch) — The dollar extended gains slightly versus the euro and other major currencies on Friday after the U.S. government’s consumer price index rose 0.1% in December, a slower pace than analysts expected. The dollar index [s$ dxy], which gauges the performance of the greenback against a trade-weighted basket of six major currencies, rose to 77.259, up from 76.762 in North American trading late Thursday. The report also showed prices rose 2.7% in 2009, while core prices — excluding food and energy — rose 1.8%. Still to come is data on industrial production and a survey on consumer confidence. The euro was the big loser before the data amid worries about Greece’s fiscal situation and refuted rumors that German Chancellor Angela Merkel was preparing to resign.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Credit losses hit J.P. Morgan’s commercial banking

15 Jan 2010 at 6:37am

BOSTON (MarketWatch) — J.P. Morgan Chase & Co. on Friday said fourth-quarter commercial banking net income fell more than 50% from the year-ago period to $224 million. Provision for credit losses in commercial banking rose 160% to $494 million. J.P. Morgan said the increase was driven by continued weakness in the credit environment, particularly real estate-related segments. The net charge-off rate rose to 1.92% from 0.4%. Nonperforming loans in the fourth quarter were $2.8 billion, compared with $1.8 billion in the year-earlier quarter, the bank said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Treasurys edge higher after consumer-price data

15 Jan 2010 at 6:36am

NEW YORK (MarketWatch) — Treasury prices gained slightly on Friday, pushing yields down, after the government’s consumer price index rose 0.1% in December, a slower pace than analysts expected. Yields on 10-year notes fell 3 basis points to 3.71%. The report also showed prices rose 2.7% in 2009, while core prices — excluding food and energy — rose 1.8%. Still to come is data on industrial production and a survey on consumer confidence.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. stock futures still in red after CPI data

15 Jan 2010 at 6:34am

LONDON (MarketWatch) — U.S. stock futures were still in negative territory Friday morning, though off session lows, following data showing U.S. consumer prices inched up 0.1% in December and that the New York Fed’s manufacturing index made a sharp improvement in January. S&P 500 futures fell 3.5 points to 1,141.70 and Nasdaq 100 futures slipped 2.75 points to 1,885.50.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. Jan. Empire State index rises to 15.9

15 Jan 2010 at 6:34am

WASHINGTON (MarketWatch) — Manufacturing activity in New York state strengthened in early January, the New York Fed reported Friday. The Empire State index rose to 15.9 in January from an upwardly revised 4.5 in December. Readings over zero indicate more firms were growing than contracting. The index has been above zero for six straight months. The new orders index increased 18 points to 20.5, and the shipments index rose 13 points to 21.1.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


U.S. Dec. CPI inflation rate up just 0.1%

15 Jan 2010 at 6:30am

WASHINGTON (MarketWatch) – The rate of U.S. consumer inflation decelerated in December, the Labor Department said Friday. The consumer price index increased 0.1%, after a 0.4% rise in November. This is the slowest pace since July. Energy prices rose 0.2% after a 4.1% spike in November. Food prices rose 0.2% after a 0.1% gain in the prior month. The core CPI, excluding food and energy costs, was up 0.1% in December after remaining flat in November. Economists were expecting the CPI to rise 0.2% and the core rate to rise 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Verizon Wireless debuts new flat pricing plan

15 Jan 2010 at 6:15am

NEW YORK (MarketWatch) — Verizon Wireless, a joint venture between Vodafone Group Plc and Verizon Communications Inc. , on Friday rolled out new pricing plans for customers. Beginning Jan. 18, the Basking Ridge, N.J. communications firm is offering a new nationwide unlimited talk plan that allows calls to anyone in the U.S. for $69.99 monthly access; or a nationwide unlimited talk and text plan to call and send text, picture and video messages to anyone in the country for $89.99 a month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Nick Reilly confirmed as CEO of GM’s Adam Opel

15 Jan 2010 at 5:58am

FRANKFURT (MarketWatch) — Adam Opel GmbH’s supervisory board on Friday confirmed Nick Reilly as chief executive, with responsibility for all Opel and Vauxhall activities worldwide. The company announced several leadership changes. Hans Demant, previously managing director of Opel and a vice president of GM Europe, will take over new responsibilities for GM as vice president of global intellectual property rights. Mark James was newly appointed as chief financial officer; he was most recently vice president and CFO of GM Daewoo Auto & Technology in Korea. “With our Insignia, the Astra, the new Meriva and several other upcoming new products, we in particular will be on the offensive and will want to increase our market share in Europe,” Reilly said in a statement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Germany’s Merkel dismisses resignation talk

15 Jan 2010 at 5:45am

FRANKFURT (MarketWatch) — German Chancellor Angela Merkel on Friday dismissed recent talk of her possible resignation as “absurd” and added that the debate over her leadership style has been enriching. She also said that tax cuts are still central for her government. Commenting on Greece, whose debt woes have dominated news flow in recent weeks, Merkel said that she backs the country’s budget plans.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


European shares turn lower, banks pressured

15 Jan 2010 at 5:12am

LONDON (MarketWatch) — European shares turned lower on Friday afternoon, with banks under pressure after U.S. banking giant J.P. Morgan put out fourth-quarter earnings. Societe Generale shares declined 2.2%, BNP Paribas shares were down 1.1% and Barclays shares fell 1.3%. Autos and chemical firms were the worst performers, with Peugeot shares down 3.5%. The U.K. FTSE 100 index traded flat at 5,496.44, the German DAX index dropped 0.9% to 5,937.47 and the French CAC-40 index declined 0.4% to 3,997.18.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


J.P. Morgan Chase profit surges to $3.3 billion

15 Jan 2010 at 5:07am

NEW YORK (MarketWatch) – J.P. Morgan Chase & Co. said on Friday that it earned $3.3 billion, or 74 cents a share, compared to a profit of $702 million, or 6 cents a share, a year ago. Revenue in the fourth quarter was $23.16 billion, versus $17.23 billion a year ago. Analysts polled by FactSet Research had, on average, expected the company to earn 61 cents a share on revenue of $20.03 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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January 15 2010 06:33 am | Stock Market News

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