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Dow Jumps the 10,000 Point Hurdle

November 9th, 2009

Weekly Wrap Up

Last week began with a slow start, but ended on a high note. Overall, the markets trended upward throughout the week. However, investors saw the most impressive swings on Thursday when the Dow Jones managed to eclipse the coveted 10,000 point mark. For the week, the Dow Jones rose 310.69 points to 10023.42 [...]

Burlington Northern Shares Soared On Acquisition News (BNI)

November 3rd, 2009

Burlington Northern Santa Fe Corporation (BNI)
As the stock market starts to lose steam, Warren Buffett announced Berkshire Hathaway’s biggest acquisition in its history. Berkshire Hathaway (BRK.A: Charts, News, Offers) announced that it is paying $100 per share in cash and stock to acquire railroad operator Burlington Northern Santa Fe (BNI: Charts, News, Offers). Berkshire already [...]

Caution Runs Rampant on Wall Street; Rising Commodity Prices Lift Stocks – November 3, 2009

November 3rd, 2009

Investors Turn Cautious

Stocks struggled to gain traction on Tuesday as investors turned cautious again. All three major indices were able to cut earlier losses, but the Dow Jones Industrial average remained in negative territory. Three stocks rose for every two that fell on the New York Stock Exchange. A variety of reports on corporate [...]

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A group of investment banks which jointly underwrite and distribute a new security offering, or jointly lend money to a specific borrower. A banking syndicate is not a permanent entity, but forms specifically to handle a deal that might be too difficult or too risky for a single underwriter or borrower to handle. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate.