Monday, July 26, 2010
BP board to rule on fate of CEO Hayward Monday
BP BOARD TO RULE ON FATE CEO HAYWARD MONDAY
BP will debate the fate of embattled Chief Executive Tony Hayward at a
board meeting this evening but stressed that no final decision has
been made.
U.S. STOCK GAINS HAVE DOW ERASING 2010 LOSSES
U.S. stocks climb for a third session, lifting the Dow industrials
back into positive territory for 2010 after the government reports
new-home sales rose in June and shipper FedEx Corp. hikes its outlook.
S&P 500 ETF MAY BE SENDING BEARISH SIGNAL
Investors are hoping a summer rally will revive their battered stock
portfolios, but the recent action in a key exchange-traded fund
tracking the Standard & Poor's 500 Index suggests a troubling lack of
buyer conviction.
BANKS DRIVE GAINS IN EUROPEAN STOCK MARKETS
Investors take their first chance to react to news that only a handful
of lenders failed the European stress tests.
