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US Stock Market News




‘Dark Knight’ hits $400 million in record time

“The Dark Knight” crosses the $400 million mark in domestic receipts, estimates show, shattering the record for meeting the threshold.

‘Oil shock’ stems from fears of future shortfall: consultant

A “shortage psychology” in oil markets is overshadowing news of fresh discoveries and falling demand to drive oil prices to record levels, the head of influential energy consultancy Cambridge Energy Research Associates says.

‘Pickens Plan’ aims to lessen U.S. reliance on foreign oil

T. Boone Pickens lays out his self-proclaimed “Pickens Plan” to reduce American dependence on foreign oil, with the target of cutting demand by more than a third in the next two years.

‘Sex’ beats ‘Indy’ as top box-office draw

Never underestimate the power of women — and a good strong Cosmopolitan.

‘Wild card’ in housing market is recession, builders say

Home-builder executives say they’re making progress clearing out excess inventory, but warn that a recession and spiking unemployment could stop that advance in its tracks.

3,600 hours in Beijing: NBC’s Games coverage to raise the bar

It could be the most grueling marathon in Olympic history — and that’s before you throw in Beijing’s feared summertime heat and smog.

3M posts quarterly profit growth of 3%, helped by global sales

Strength in overseas markets propels 3M Co. to growth rates of nearly 10% in second-quarter sales as well as 3% in net profit, financial results show.

A bank to buy and a bank to sell

Brent Wilsey, of Wilsey Asset Management in San Diego, says that investors should “invest by the numbers,” looking at the specifics of the balance sheet, financial statement and at a company’s earnings picture to determine if it’s a buy rather than relying on market trends.

A house that takes environmental friendliness into the future

Living green the Smart Home way starts with a state-of-the-art — and artistic — dwelling that borrows from the past and courts the future, with each low-volume toilet flush, composted apple peel and collected rain drop tracked by the structure’s digital brain.

A primer on playing the dollar

The greenback just can’t catch a break.

A temporary market bump is in store for August

Selecting a strategy that will work perfectly between the first and last day of August quite daunting. Avoid specific stocks and instead go for market-based ETFs and double weighted ProShares.

A Valiant performer in Europe: How one of 62 banks rose

As the credit crisis enters its second year and write-downs continue to mount, investors in the European banking sector are sitting on 12 months of painful losses — unless that is, they piled all their cash into small Swiss group Valiant Holding.

Abbott reports 34% spike in quarterly profit

BOSTON (MarketWatch) — Abbott Laboratories said early Wednesday that second-quarter profits shot up 34% over last year, due to strong sales of its products across the board and a weak U.S. dollar abroad.

Abercrombie profit hurt by consumer pullback

Teen retailer Abercrombie & Fitch Co. says its second-quarter profit fell 4.2%, hurt by consumers cutting back on discretionary purchases.

Activision shares up as merger closes, outlook raised

Activision Inc. closes its merger deal with Vivendi Games, and the combined company says it expects to exceed its previously set financial targets for the next year.

Actors’ union, producers reach pact for primetime TV work

A tentative agreement with Hollywood studios puts more pressure on the Screen Actors Guild to resolve its dispute with producers before its current contract runs out on June 30.

Actors, producers at standoff after contract expires

Hollywood actors represented by the Screen Actors Guild and the major movie and TV studios find themselves at a standoff after SAG’s latest contract expired at midnight, leaving a film industry wary of a possible strike sitting in limbo.

Adidas net climbs 12% after Euro 2008 tournament

Adidas on Tuesday announces a 12% profit rise for the second quarter and increases its margin guidance for the year as increased sales from the Euro 2008 soccer tournament help to counter a ramp-up in marketing costs.

Adobe posts sharp quarterly-profit rise, sales gains

Adobe Systems Inc. says its fiscal second-quarter profit rose compared to the period a year earlier amid strong sales of its design, document and Web software.

ADR Report: Chinese energy stocks up; index set for modest gain in May

U.S.-listed shares of overseas companies edge up Friday, with the broader market clinging to slight gains as investors watch crude-oil futures creep higher.