Miller Tabak

Wall Street Shrugs Off Weak Jobs Data, Closes Higher

With traders once again picking up stocks at reduced levels, stocks saw considerable strength during trading on Friday. After the worst two-day loss since 1987 on Wednesday and Thursday, the strength in the markets came as...

Commercial paper market improves in wake of Fed program

SAN FRANCISCO (MarketWatch) -- The government's efforts to help companies get short-term credit by buying their commercial paper appear to be working, data released Thursday showed. The Federal Reserve said commercial paper...

Unemployment Rate Jumps To 14-Year High In October

Employment showed a substantial decrease in the month of October, according to a report released by the Department of Labor on Friday, with the unemployment rate jumping to its highest level in over fourteen years. The report...

Stocks Seeing Substantial Strength As Traders Shrug Off Jobs Data - U.S. Commentary

With traders shrugging of some weaker than expected employment, stocks have shown a strong upward move over the course of morning trading on Friday. The upward move comes as traders have gone bargain hunting following the...

UPDATE 1-Live Nation profit rises on strong summer concerts

Rev and profit boosted by strong summer concerts * Profit boosted by tax benefit and sale gain (Adds CEO comment, profit details) By Yinka Adegoke NEW YORK, Nov 6 (Reuters) - Concert promoter Live Nation Inc (LYV.N: ) posted a...

Dow Drops 10% in Two Days After Election (at CNBC)

WALL STREET, STOCK MARKET, FUTURES, DOW JONES, S&P, NASDAQ, INTEREST RATE, ECB, BOE Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential...

Stocks Slide as Economic Woes Trump Rate Cuts (at CNBC)

WALL STREET, STOCK MARKET, FUTURES, DOW JONES, S&P, NASDAQ, INTEREST RATE, ECB, BOE Stocks continued to slide Thursday as worries about the economy — and its impact on earnings — outweighed enthusiasm for big rate cuts in...

News Corp slashes outlook, profit dives

NEW YORK (Reuters) - Rupert Murdoch's News Corp cut its full-year forecast and posted a worse-than-expected 30 percent drop in quarterly profit because of falling TV advertising. Shares dived 12 percent.

Election Day Rally Dies; Stocks Sink 5% (at TheStreet.com)

U.S. stocks sank hard Wednesday to finish with hefty losses as traders took in some bearish corporate news and dreary economic data, while sizing up their prospects following Barack Obama's victory in the presidential election....

Time Warner profit beats, but cuts outlook

NEW YORK (Reuters) - Time Warner Inc posted a higher-than-expected third-quarter profit, helped by strong advertising sales at its cable networks including CNN, and the summer blockbuster movie "The Dark Knight."