Toyota's dealers, who have started to repair defective gas pedals in millions of U.S. vehicles, are extending hours, making house calls and offering other services as they try to repair the damage to Toyota's reputation ...
FOR YEARS, TJ MAXX AND MARSHALLS , which sell brand-name goods at low prices, have been popular shopping destinations for consumers with million-dollar tastes and $10 budgets. But as the stores win even more fans on Main Street during the recession, on Wall the highflying stock of parent TJX is regarded as one of the best values in retailing ... TJX (TJX) has soared more than 90% in 2009, amid the retailing rally, so it must be granted that much of the easy money has already been made. But at a
Market Wrap-Up ... Stocks started strong, then took a dive on Monday as investors got jittery over the dollar and oil prices, sending commodity-based exchange-traded funds on a slide. The euro hit a session low of $1.485 against the dollar as commodity prices reversed in midsession ... The Dow Jones Industrial Average closed down 105 points at 9867. The Nasdaq ended 13 lower at 2142 and the S&P 500 dropped 13 to 1067 ... According to Thomson Reuters, 81% of the 199 S&P 500 companies that have
UNTIL RELATIVELY RECENTLY , Big Oil gave little thought to sub-Saharan Africa beyond the coast of Nigeria and Angola. That's changing rapidly after a significant find off the Atlantic coast of Sierra Leone, where both Anadarko Petroleum (APC) and U.K.- based Tullow (TUWLY) have exploration licenses, and another strike in Uganda, where Tullow operates ... Their stocks have jumped sharply this year, mostly on the prospect of world-class fields. Tullow shares, up over 100%, have returned to
Market Wrap-Up ... Stocks closed down Friday, with energy prices and a broad slide in equities weighing on many exchange-traded funds, even as top-line growth brightened earnings reports ... The Dow Jones Industrial Average dropped 108 points to 9972. The Nasdaq finished down 11 at 2154, and the S&P 500 ended down 13 at 1080 ... Microsoft (MSFT) reported an 18% drop in fiscal first-quarter earnings, but the results easily topped forecasts and the software giant's stock surged ... Honeywell
Market Wrap-Up ... Stocks got traction late Thursday as strong earnings news calmed recent investor jitters and blunted the effect of rising jobless claims. About 35% of the S&P 500 companies have reported earnings so far. Thursday is the heaviest reporting day of the season, and it was a boon to exchange-traded funds ... The Dow Jones Industrial Average finished up 132 points at 10,081. The Nasdaq ended up 15 points at 2165 and the S&P 500 climbed 12 to 1093 ... Weighing on stocks, the Labor
A Lot of Euros for Hungary ... Hungary and the European Central Bank today announced that the Eastern European country could borrow up to 5 billion euros as markets there remain weak, public debt high, and exports slow. The loan will help promote liquidity in the rest of the European market, the bank said, because borrowers in Hungary have taken out loans in other currencies to avoid the high interest rate of the Hungarian currency, the forint. Hungary is hoping to avoid an Iceland-like
Market Wrap-Up ... Stocks took an early dive Friday and never broke the surface as disappointing corporate earnings took some of the steam out of the rally. Financial exchange-traded funds were hit and energy funds rose as crude prices closed above $78 a barrel ... Quarterly results from Dow components Bank of America (BAC), International Business Machines (IBM) and General Electric (GE) came in shy of analysts' estimates, offsetting Google's (GOOG) strong quarter ... The major indexes slipped