Finance News Archive

Enter a date to view that day's archives:

Showing 1-20 of 1477 stories from the past year.

The October rally continues. After three months of constant declines on Wall Street the stock market has resumed its winning way.

Major Economic Releases

Like many other companies, Qualcomm finds itself in a situation where it is sitting on billions of dollars in cash and the stock price has fallen sharply from its highest levels nearly a year ago.

The San Diego Stock Exchange Index closed lower Tuesday at 160.31, down 2.06 percent from Monday. Declining issues beat advancing, 51 to 35, and 86 issues were unchanged.

Chicago-based insurance brokerage firm Hub International Limited said it has acquired the assets of Carlsbad-based Johnson & Wood Insurance Services Inc. Terms of the acquisition were not disclosed.

On a day when most "experts" were predicting some serious profit taking on Wall Street, the markets roared higher and, combined with the big rally on Friday, erased most of the losses in September.

Major Economic Releases

The San Diego Regional Chamber of Commerce has hired Mike Reynolds as its new chief financial officer.

San Diego-based Arena Pharmaceuticals Inc. (Nasdaq: ARNA) announced that President and CEO Jack Lief has retired from the company and the board at the request of the board of directors.

The San Diego Stock Exchange Index closed higher Monday at 163.68, up .96 percent from Friday. Advancing issues beat declining, 57 to 31, and 84 issues were unchanged.

Illumina Inc. (Nasdaq: ILMN) shares fell as much as 23 percent in late trading after the company forecast fourth-quarter sales below analysts’ estimates.

A funny thing happened Friday as Wall Street reacted to the terrible jobs report. To be sure, the permabears were dancing in the Street as the Dow industrials plunged 280 points after the Labor Department reported a disappointing increase in payrolls during September and sharply lowered the original increases reported in July and August.

Major Economic Releases

WD-40 Co. (Nasdaq: WDFC) announced that its board of directors declared on Friday its regular quarterly dividend of $0.38 per share, payable Oct. 30 to stockholders of record at the close of business on Oct. 16.

The San Diego Stock Exchange Index closed higher Friday at 162.13, up 2.14 percent from Thursday. Advancing issues beat declining 61 to 25, and 86 issues were unchanged.

Trying to apply logic to the stock market, economy and the actions of the Federal Reserve can be a very big mistake. And the actions of the past week make that very clear.

Well, I guess you can write off any interest rate hike by the Fed later this month. The terrible jobs report released this morning for September, and a dramatic revision to the August report, show the economy is a long way from robust. And, no matter how much Fed chair Janet Yellen and the gang want to raise rates, the news is just too bleak to move away from zero at this time.

Major Economic Releases

The San Diego Stock Exchange Index closed lower Thursday at 158.73, down 1.70 percent from Wednesday. Declining issues beat advancing 51 to 35, and 86 issues were unchanged.

A storm of biblical proportions. Believe it or not that is the way a CNBC weather forecaster referred to the slow-moving hurricane, Joaquin. Of course, you would expect nothing less from anyone at CNBC whether they are trying to scare investors or people planning for the weekend.

Subscribe Today!