Stocks fall on personal income data, Dell report (AP) Stocks tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 130 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
Fri, 29 Aug 2008 19:26:29 Etc/GMT
BankAtlantic shares up on BFC Financial investment (AP) BankAtlantic Bancorp Inc. shares soared Friday after majority shareholder BFC Financial Corp. reported increasing its stake in the Florida bank through the purchase of 2 million Class A shares.
Fri, 29 Aug 2008 18:59:19 Etc/GMT
Sector Snap: Investment Banks (AP) Shares of investment banks rose Friday afternoon despite a fall in the broader market as the government said personal incomes fell last month while consumer spending slowed.
Fri, 29 Aug 2008 18:49:27 Etc/GMT
BB&T shares rise as analyst predicts possible deal (AP) Shares of BB&T Corp. advanced Friday after Ladenburg Thalmann analyst Richard Bove said the regional bank could be ripe for a merger once Chief Operating Officer Kelly King takes the helm.
Fri, 29 Aug 2008 18:28:17 Etc/GMT
Sector roundup: Airlines, insurance cos. (AP) Most airline stocks fell Friday as oil prices rose ahead of Tropical Storm Gustav entering the oil-rich Gulf of Mexico. CHARLOTTE, N.C. -- Shares of major insurance companies traded mostly lower Friday, as investors awaited Tropical Storm Gustav.
Fri, 29 Aug 2008 18:26:19 Etc/GMT
Movers roundup: Dell, Nasdaq (AP) Dell Inc. shares fell Friday after the computer maker's fiscal second-quarter earnings slipped and its gross margin missed Wall Street expectations, leading analysts to cut their estimates.
Fri, 29 Aug 2008 18:25:34 Etc/GMT
Movers roundup: Popular, Dollar Financial (AP) Shares of Popular Inc. jumped Friday after the Puerto Rico-based bank said it plans to sell $1.17 billion of U.S. mortgage assets to affiliates of Goldman Sachs Group Inc.
