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NEW YORK (Reuters) – Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.
LOS ANGELES (AP) — Lennar Corp., which builds homes in 17 states, is expected to report a profit for the third quarter on Monday, as well as annual increases in home orders, reflecting soft sales last summer after homebuyer tax credits expired. WHAT TO WATCH FOR: How new home orders and closings fared during the June-to-August quarter. Also, how much the builder’s Rialto unit, which buys troubled loans and properties from banks, contributed to the company’s profit.
Continue reading …(Reuters) – Swiss drugmaker Roche has halted deliveries of drugs to some state-owned Greek hospitals, the Wall Street Journal reported the company’s chief executive as saying. Roche CEO Severin Schwan told the Journal that the hospitals hadn’t paid their bills
Continue reading …NEW YORK (Reuters) – Stocks rose for a fifth day in a row on Friday and the S&P 500 scored its best week since early July on signs euro zone leaders were acting together to limit any damage from its sovereign debt crisis. The leaders took steps this week to show they were tackling the debt crisis, which has plagued markets for weeks, including coordinated central bank moves to give European banks greater access to funding in dollars. U.S.
Continue reading …NEW YORK (AP) — The stock market finished its second-best week in a year Friday as Europe’s debt problems appeared to get closer to a resolution. Stocks ended higher for a fifth straight day, the longest winning streak in 2 ½ months. The Dow Jones industrial average rose 75 points after Treasury Secretary Timothy Geithner called on European finance ministers at a meeting in Poland to reach a solution on Greece’s debt problems
Continue reading …NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE 99 Cents Only Stores, up $1.76 at 20.46 The New York Post reported that private-equity firm Apollo Management could bid up to $24 a share for the discount store operator. Patriot Coal Corp., down $1.47 at $12.86 The coal producer said it expects coal costs to rise as production declines by about 450,000 tons in the third quarter
Continue reading …NEW YORK (AP) — The stock market is finishing its second-best week in a year as Europe’s debt problems appear closer to a resolution. Treasury Secretary Timothy Geithner called on European leaders to reach a solution to Greece’s debt problems.
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