Financial News

U.S. stocks ended sharply higher Friday after a weaker-than-expected jobs report improved the odds the Fed will stop raising interest rates sooner rather than later, catapulting the Dow Jones Industrial Average and the S&P 500 Index to multiyear highs. Friday's rally wrapped up a week of solid gains for the markets, buoyed by a pullback in oil prices, a strong first-quarter earnings season  ...

U.S. stocks continued to rally Friday afternoon, as hopes for a letup in the Federal Reserve's tightening cycle were stoked by slower-than-anticipated April jobs growth, catapulting the Dow Jones Industrial Average and the S&P 500 Index to multi-year highs. The Dow industrials (DJI) rose 110 points to 11,549, with 28 of 30 components contributing to gains. The benchmark index is at levels n ...

Wall Street enjoyed strong gains again this week, with falling oil prices helping the Dow to a fresh six-year high. // Robust gains in the materials and transportation sector outweighed disappointing earnings results in software and healthcare and mixed economic data. The week had an inauspicious start after the CNBC network revealed that Ben Bernanke, Federal Reserve chairman, felt markets had  ...

This is Money5 May 2006 ALLIANCE & Leicester was the focus of fresh bid speculation today amid reports it was in takeover talks with the Spanish owner of rival Abbey. WANT TO KNOW MORE? MARKET DATA: A&L shares CHAT: Who is the best stockbroker? SERVICE: Buy and sell shares OTHER STORIES Personal bankruptcies soar Market report: Friday 16:00 Customers loyal to Body Shop Morrison ...

U.S. stocks rallied Friday after slower-than-anticipated April jobs growth boosted hopes the Federal Reserve may no longer need to continue raising interest rates, and lifted the Dow Jones Industrial Average and the S&P 500 Index to multi-year highs. The Dow industrials (DJI) rose 70 points to 11,508. The benchmark index is at levels not seen in more than six years. The Nasdaq Composite  ...

By Jeffrey Goldfarb LONDON (Reuters) - Pearson, the world's biggest educational publisher, has agreed to buy an 80 percent stake in Italy's Paravia Bruno Mondadori Editori (PBM) as it seeks to expand in non-English-speaking territories. Financial terms of the deal, which was announced on Friday, were not disclosed, but one analyst estimated the purchase price at about 67 million euros (46 million pounds). PBM, which will be combined with Pearson Education Italia, is Italy's third-largest text ...

U.S. stocks rallied in early trading Friday as slower-than-anticipated April jobs growth offset a larger-than-anticipated rise in hourly earnings, and bolstered hopes the Federal Reserve may no longer need to continue raising interest rates. The Dow Jones Industrial Average (DJI) rose 61 points to 11,499. The Nasdaq Composite Index (RIXF) climbed 15 points to 2,339 while the S&P 500 Inde ...

By Yinka Adegoke and Ben Berkowitz NEW YORK (Reuters) - Warner Music Group (WMG.N: Quote, Profile, Research) , which earlier this week rejected a $4.2 billion (2.3 billion-pound) takeover bid by EMI Group (EMI.L: Quote, Profile, Research) , on Friday posted a narrower-than-expected loss, helped by rising U.S. CD sales and digital revenues. Analysts said the strong growth by Warner Music will put ...

U.S. stock futures are pointing to higher open Friday as slower-than- anticipated April jobs growth offset a larger-than-anticipated rise in hourly earnings, and bolstered hopes the Federal Reserve may no longer need to continue raising interest rates. Dow futures were up 49 points at 11,515, Nasdaq 100 futures gained 11.25 points to 1,721 while S&P 500 futures rose 5.70 points to 1,322.50. ...

By Matt Falloon LONDON (Reuters) - The top share index rose on Friday as strong metals prices boosted miners and speculation Spain's Santander (SAN.MC: Quote, Profile, Research) could bid for Alliance & Leicester (AL.L: Quote, Profile, Research) sent the bank's shares to a record high. City AM said the Spanish bank -- which bought Abbey National in 2004 -- is in exclusive talks to buy A&L for more than 6.5 billion pounds. A&L and Santander declined to comment on the unsourced report but a s ...