Stocks face dour jobs and retail data (Reuters)
[ad#blogbox]Wall Street may struggle to build on its best week in almost 30 years next week, as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.
Earnings Preview: Beazer to post 4th-qtr results (AP)
[ad#blogbox]Beazer Homes USA Inc., one of the nation’s largest homebuilders, reports results for its fiscal fourth quarter on Tuesday. The following is a summary of key developments and analyst comment related to the period ended Sept. 30.
Deere falls after cutting 2009 earnings forecast (AP)
[ad#blogbox]Shares of Deere & Co. fell nearly 3 percent Friday as an analyst cut his 2009 and 2010 earnings per share estimates, citing the farm equipment manufacturer’s lower profit forecast Wednesday for next year.
Geneva Acquisition Corporation to Acquire Global Hi-Tech Industries Ltd. to Form India Steel and Metals Corporation (Business Wire)
[ad#blogbox]QUINCY, Mass.—-Geneva Acquisition Corp. today announced that it has entered into a definitive agreement for acquiring privately held Global Hi-Tech Industries Ltd. , an Indian integrated steel producer.
Business Highlights (AP)
[ad#blogbox]Shoppers, who had snapped their wallets shut since September, turned out in force Friday to grab early morning deals and hard-to-find toys like Elmo Live, but many said worries about the economy have them focusing on fewer gifts and less expensive, more practical items.
Stocks end short session with 5th straight gain (AP)
[ad#blogbox]Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic distress.
European stocks up as Dow eyes 5th day of gains (AP)
[ad#blogbox]European stock markets closed higher Friday after the Dow Jones index of leading U.S. shares advanced for the fifth consecutive day in a shortened trading session. Asian markets were higher despite the terrorist attacks in Mumbai.
New York & Co. shares rise after repurchase (AP)
[ad#blogbox]New York & Co. shares rose on Friday after the women’s apparel retailer said it would buy back nearly 3.8 million shares.
TRW shares rise on positive analyst note (AP)
[ad#blogbox]Shares of TRW Automotive Holdings Corp. soared nearly 31 percent Friday after an analyst said the company is well-positioned for long-term growth.
Business events scheduled for the coming month (AP)
[ad#blogbox]Major business events and economic events scheduled for the coming month : MONDAY, Dec. 1 WASHINGTON — Commerce Department releases construction spending for October, 10 a.m.; Institute for Supply Management manufacturing index for November, 10 a.m.; weekly Treasury briefing, auction.