U.S. stock futures pointed to a higher start Wednesday after Federal Reserve Vice Chairman Donald Kohn said the central bank can be "nimble" and can't hold the economy hostage to teach speculators lessons. Futures for the Dow Jones Industrial Average (US:INDU) gained 110 points to 13,065. Those for the S&P 500 (US:SPX)...
Pre-open moves Stock futures climbed as Federal Reserve Vice Chairman Donald Kohn said monetary policy must be nimble, pragmatic and flexible. The dollar extended gains against the yen and euro, and gold prices dropped sharply. On the data front, orders for U.S.-made durable goods fell for the third straight month in...
Dow Chemical Co. said Thursday it intends to sell part of its raw plastics businesses to Kuwait's state-run oil company in turn for $9.5 billion and the creation of a 50-50 joint venture, giving the largest U.S. chemical company greater access to emerging growth markets and the petrochemical materials used in its...
Hayes Lemmerz International Inc. on Wednesday reaffirmed its expectations of about $2.1 billion in revenue for the fiscal year ending Jan. 31. The Northville, Mich., automotive parts maker also said it expects adjusted earnings before interest, taxes, depreciation and amortization to be $190 million to $200 million. The...
Ambac Financial Group shares rallied Friday as investors reacted to a U.K. newspaper report that the embattled bond insurer may be acquired by Wilbur Ross, a billionaire investor who specializes in distressed companies and industries. Negotiations between Ross and New York-based Ambac are serious and progressing...
