The Ticker


June 2008


Dow Hits New 2008 Low

By |

From the Wall Street Journal's MarketBeat blog:

With its latest decline, the Dow Jones Industrial Average has reached a new intraday low for 2008, falling to 11626.43, surpassing the previous intraday low of 11634.82, reached on Jan. 22. Stocks have recovered a bit— and the other major ...

Read More

TAGS:
stocks
Dow Jones Industrial Average

Monsanto Comes Through

By |

After posting a huge 42 percent jump in fiscal third-quarter profit from a year ago, Monsanto continues to extend its lead in seed as record crop prices mean farmers are still willing to spend mightily on its products.

Earnings for the quarter ending May 31 hit $1.45 a share, a full 10 cents ahead ...

Read More

TAGS:
stocks

Wall Street Legal

By |

Lots of news on the legal front today for some of the best and worst stocks out there:

MasterCard settled an antitrust suit with American Express to the tune of $1.8 billion. AmEx had charged MasterCard, Visa, and several member banks with prohibiting financial institutions from issuing American ...

Read More

TAGS:
Wall Street
law
stocks

Agrium Hits New High

By |

We've been talking up fertilizer stocks around here all year, and today Agrium shot up 8 percent to an all-time high of $100 after raising second-quarter guidance. The Canadian chemicals maker now expects to earn $2.80 to $3 a share in the quarter, up from previous expectations of $2.50, and those ...

Read More

TAGS:
stocks
farming

Lehman's Day of Reckoning

By |

Lehman Brothers' shares fell more than 9 percent after the bank announced it would have to raise $6 billion in capital and post a big $2.8 billion during the first quarter.

It's mostly bad news.

Yves Smith of the Naked Capitalism.com blog points out that's 10 times expected losses of around $300 ...

Read More