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Money & Markets

Banking losses take stocks lower

January 16, 2009

The reality of rising losses at Citigroup Inc. and Bank of America Corp. sank in on Wall Street today, making investors increasingly pessimistic about the struggling financial industry and forcing them to give back a big early gain. At 11:15 a.m. MST, the Dow was down about 56 points.

CU, CSU foundations limit 2008 losses

CU, CSU foundations limit 2008 losses

January 16, 2009

The University of Colorado and Colorado State University foundations fared much better than the stock market in 2008 but couldn't avoid sharp losses in the worst year for the Standard & Poor's 500 since 1937.

Stocks fall, then climb as hopes grow for financial bailout

January 15, 2009

Wall Street pulled off a big turnaround Thursday, rebounding from a steep early drop to finish modestly higher. Investors who began the day worrying about a revival of the banking crisis grew optimistic during the session that the government will again help the financial industry.

Economy worsens; outlook is bleak

January 15, 2009

The U.S. economy started the new year on weaker footing as recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales and factories to cut back production.

Icon Advisers to clients: Fake-death pilot's firm unrelated

January 15, 2009

It's a bad week to have the brand name Icon.

Business inventories cut by largest amount in 7 years

January 15, 2009

Businesses slashed inventories in November by the largest amount in seven years as they scrambled to cope with a record plunge in sales.

Darkening Dow plummets on bad news

January 14, 2009

Volatility is reasserting itself in the stock market. A darkening outlook for companies from banks to retailers to energy producers pummeled Wall Street on Wednesday, sending the Dow Jones industrials down nearly 250 points, or 2.94 percent, and giving the other major indexes a loss of 3 percent. Video

Stocks mixed as anxiety rises over earnings

January 13, 2009

Stock prices shot up 24 percent from late November to January, fell 7 percent in the first week of the new year - then stood still.

2009 auto sales expected to fall

January 13, 2009

Auto consulting company CSM Worldwide said Monday it expects global vehicle sales to continue falling in 2009, but predicted a recovery in 2010 as credit frees up and skittish consumers re-enter the market.

Santa Claus rally fades as investors look to bleak profits

January 12, 2009

So much for the Santa Claus rally.

Unemployment claims overwhelm state office

January 10, 2009

It's fitting that the man overseeing Colorado's unemployment insurance division is a former U.S. Army artillery officer.

Jobless misery escalates

January 10, 2009

The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.

Merger deals in state take sharp drop from 2007

January 10, 2009

Colorado merger activity dropped sharply in 2008 as the economy cratered and the leveraged-buyout boom of prior years came to a close.

Stocks slip after rise in jobless rate

January 9, 2009

The first full week of 2009 didn't bring Wall Street any huge shocks, but it didn't bring much for investors to be happy about, either.

Mortgage deal lifts stocks mostly higher

January 8, 2009

NEW YORK - A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an effort to prevent homes from going into foreclosure. Other lenders are expected to follow suit.

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