Finance News Archive

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Showing 1-20 of 1546 stories from the past year.

Nov. 26 (Bloomberg) -- Mortgage applications in the U.S. fell last week as purchases retreated.

Nov. 26 (Bloomberg) -- Consumer spending in the U.S. climbed in October at the same pace as incomes, showing households are staying within their means as the holiday- shopping season begins.

Nov. 26 (Bloomberg) -- Orders for U.S. business equipment such as machinery and electrical gear unexpectedly declined in October, a sign that recent increases in corporate investment may not persist.

Nov. 26 (Bloomberg) -- U.S. stock futures fell after data showed a rise in jobless claims and an unexpected drop in orders for business equipment. A separate report indicated consumer spending rose in line with income.

The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.

Major Economic Releases

The San Diego office of HFF has secured a $140 million financing for the Omni San Diego hotel, the 511-key upscale property attached to Petco Park, and across Harbor Drive from the Convention Center.

After months of forecasting and analysis, the time has finally arrived to let the games begin.

Oncosec Medical Inc. announced it entered a clinical collaboration with the University of California, San Francisco, to evaluate the safety, tolerability and efficacy of the combination of Keytruda, Merck's anti-PD-1 therapy, and OncoSec's ImmunoPulse in metastatic melanoma, and Bio-Matrix Scientific Group Inc. announced that its majority-owned subsidiary Regen BioPharma Inc. acquired University of Toronto cancer stem cell intellectual property, according to company announcements, SEC filings and Bloomberg News.

Plenty of green on Wall Street. With the official start of the holiday season now just hours away, the financial markets keep delivering good cheer to investors who have had the moxie to stay the course this year.

Major Economic Releases

Sempra Energy reported its IEnova subsidiary was awarded a CFE contract to construct the Ojinaga-El Encino pipeline near the U.S.- Mexico border, and Receptos Inc. reported the completion of its previously announced underwritten public offering of an aggregate of 4.14 million shares of its common stock at $100 per share with aggregate gross proceeds of $414 million, according to company announcements, SEC filings and Bloomberg News.

Sellers still in hiding. Once again, on Friday the Dow industrials and S&P 500 closed at all-time highs, reacting to economic stimulus plans in China and Europe. The Dow got very close to the 18,000 market in active trading but gave back a bit toward the close. Even so, the index begins the Thanksgiving week just 120 points away from the 18K market.

Major Economic Releases

While the weather across much of the country has turned frightening, many people here in San Diego County and Southern California will include a round of golf during the Thanksgiving weekend celebration.

I've been hearing talk about the Nasdaq approaching all-time highs. The peak was in March 2000, when the index hit 5,400. By 2002, the Nasdaq had fallen below 1,500; today it is about 4,700, roughly 15 percent from hitting all-time highs again.

It's about time for CNBC to apologize to Jeremy Siegel. Remember about a month ago, when I told you of a confrontation on the cable business channel between a midday anchor, Kelly Evans, and professor Jeremy Siegel after he suggested the Dow industrials would hit 18,000 before the end of the year? "With all due respect, professor Siegel, how can we possibly reach that level?" she snidely asked.

Major Economic Releases

New-car sales in California during the third quarter rose nearly 9 percent from the same period last year, keeping the industry on track to post its biggest annual sales in nearly a decade, according to a report released this week by the California New Car Dealers Association.

Maxwell Technologies Inc. announced an enhancement to its industry-leading 48V module product, which now includes the benefits of Maxwellís new DuraBlue Advanced Shock and Vibration Cell Technology, and Oncosec Medical Inc. announced it has entered a Sponsored Research Agreement with the University of Washington to evaluate the immunologic mechanisms of intratumoral DNA IL-12 electroporation, according to company announcements, SEC filings and Bloomberg News.

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