Finance News Archive

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Showing 1-20 of 1478 stories from the past year.

(Bloomberg) -- U.S. stock-index futures fell, commodities declined and the yen strengthened on renewed concern China’s efforts to prop up its markets will fail.

(Bloomberg) -- Oil headed for a third monthly decline as U.S. drillers showed no signs of letting up even as a supply glut persists.

Major Economic Releases

It doesn’t matter that the 329-room Park Hyatt Aviara has been in a state of arrested foreclosure for the last two years -- the lenders are making no attempts to take the Carlsbad property back.

Business and professional groups plan a range of activities this week.

Pity the poor investor who panicked. The two-day selloff at the start of the week was enough to scare a lot of investors out of their stocks, thanks for the fanning of fears by CNBC and others.

Major Economic Releases

The San Diego Stock Exchange Index closed higher Thursday at 192.32, up 1.74 percent from Wednesday. Advancing issues beat decliners 73 to 17, and 85 issues were unchanged.

Much to the disappointment of the permabears, the stock markets staged a strong rally yesterday. The Dow industrials rose 619 points, snapping a six-session losing streak. The gain was 4 percent, the biggest one-day increase in four years.

Major Economic Releases

The San Diego Stock Exchange Index closed higher Wednesday at 189.03, up 2.06 percent from Tuesday. Advancing issues beat decliners, 62-26, and 85 issues were unchanged.

Cohu Inc. reported that it began trading without the right to receive a 6-cent dividend declared July 30. Investors had to own the stock before Wednesday to receive the payout; and Mind Solutions Inc. announced the completion of a website specifically for the marketing of NeuroSync, “the world’s smallest brain-computer interface,” at, according to company announcements, SEC filings and Bloomberg News.

Four in a row. The attempt by the stock market yesterday to rally out of the recent sharp declines fizzled in the final hour of trading yesterday and led to a fourth consecutive day to the downside. But it was not just any four days of declines. The loss of 205 points on the Dow industrials marked the fourth session in a row the index has been down 200 points or more. That has never happened before.

Major Economic Releases

The San Diego Stock Exchange Index closed higher Tuesday at 185.22, up .01 percent from Monday. Declining issues beat advancewrs, 49 to 44, and 80 issues were unchanged.

DexCom Inc.: (Nasdaq: DXCM) announced the FDA approved the Dexcom G5 Mobile Continuous Glucose Monitoring system, which sends data directly to a smartphone and NuVasive Inc.: (Nasdaq: NUVA) announced plans to expand its manufacturing capabilities to meet growing demand for its spine technology while creating hundreds of jobs, according to company announcements, SEC filings and Bloomberg News.

The end of the financial world as we know it has been delayed. Yes, things looked very bleak on Wall Street yesterday as the day began with a massive 1,000-point drop in the Dow industrials. If you follow most media reports you would have thought it was a one-day wonder.

Major Economic Releases

The Pacific Marine Credit Union board of directors announced the selection of Bill Birnie as the new president and CEO.

In a record-breaking nosedive on Wall Street, the Dow Jones Industrial Average briefly plunged more than 1,000 points Monday, dragging down nearly every stock in San Diego along with it.

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