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Debt Woes Shakeup Stocks; CIT Group Appoints John Thain
Stocks bounced back into negative territory on Monday as debt worries continued to flood the market. The Dow Jones Industrial Average shed 103 points and fell below the 10,000 mark for the first time in three months. Two stocks fell for every one that rose on the New York Stock Exchange. Volume came to 1.1 [...]More Market Commentary and Articles >
Market Summary
Hot Stocks
| Ticker | Company Name | Last Trade | Change / %Change |
|---|---|---|---|
| BIIB | Biogen Idec Inc | 53.97 | +1.13 / +2.14% |
| CAT | Caterpillar Inc | 53.21 | +2.43 / +4.79% |
| ERTS | Electronic Arts Inc | 16.11 | -1.38 / -7.89% |
| KO | Coca-Cola Co | 54.45 | +1.80 / +3.41% |
| MCD | McDonald's Corp | 62.86 | -0.07 / -0.10% |
| PETM | PetSmart Inc | 26.24 | +0.86 / +3.39% |
| PHM | Pulte Homes Inc | 10.77 | -0.36 / -3.23% |
| TM | Toyota Motor Corp | 74.71 | +1.86 / +2.55% |
Breaking News and Videos
Today's Commentary
Republicans and the Populist Temptation -- The reaction to Scott Brown's victory has been a lurch toward antibusiness rhetoric. The stock market doesn't like it. (Source: The Wall Street Journal)
Money, Not Kindness, Guides Business -- Businesses are in business to make money. Benevolence is not the guiding principle. (Source: Los Angeles Times)
A Deadly Dollar Habit -- Getting the world to kick its greenback addiction will be good for everybody even Americans. So why aren't we talking about it? (Source: Newsweek)
U.S.-China Friction -- Why Neither Side Can Afford a Split. (Source: TIME)
Clueless in Washington -- Neither the president nor Congress shows any sign of knowing how to tackle the deficit. (Source: The Economist)
News That You Should Pay Attention To
Latest News
Commercial lender CIT Group is still trying to pick up the pieces after filing for bankruptcy last year. The company has appointed former chief executive of Merrill Lynch, John Thain as chairman and chief officer. Mr. Thain received a lot of scrutiny for paying out big bonuses despite huge losses at Merrill Lynch. His current level of compensation is a big step away from the $83.1 million he took home at Merrill Lynch in 2007.
John Thain and CIT Group: The Odd Couple
Apotheker Out as SAP CEO - Chief Executive Leo Apotheker along with two other board members resigned from the company on Sunday. Software giant SAP (SAP) has named Bill McDermott and Jim Hagemann Snabe as new co-CEOs.
SAP CEO exits: should investors cheer or worry?
CVS Caremark Corp. (CVS), the largest US distributor of prescription drugs, reported that fourth-quarter profit climbed 11 percent as the company acquired new customers and boosted its pharmacy-benefit claims with the addition of RxAmerica.
Hasbro Blows by 4Q Expectations - Hasbro Inc. (HAS) reported a stronger-than-expected quarterly profit. How was the company able to exceed analysts' expectations? Will the same level of momentum spill over into subsequent quarters or will the company shift back into reverse?
Federal Reserve Chairman Ben Bern ...
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Featured Slideshow
How the Fed and Treasury Adopted a Brand New Playbook
A look at some of the unprecedented moves the Fed and Treasury took to bring the financial markets back from the precipice.
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Term of the day
LEAPS. Long-term stock options or index options, with expiration dates up to three years away. LEAPs are very similar to standard options except for the fact that they expire much further in the future. They can be safer than traditional options because it is somewhat easier to predict stock movement over longer periods. Like options, they allow an investor to lock in a fixed price for the underlying ... More
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