Stocks rise as Wall Street worry eases
NEW YORK (Reuters):STOCKS CLIMBED yesterday as the worry that wracked Wall Street last week was soothed after central banks injected more cash into global financial systems and a report showed United States (U.S.) retail sales grew last month....
Solid retail sales boost hopes for growth
WASHINGTON (Reuters):Consumers spent more boldly than expected last month as declining gasolene prices shielded household budgets, United States (U.S.) government data showed yesterday. Sales at U.S. retailers rose a slightly more-than-expected 0.3 per cent...
CIT Group shares rise on NYSE after stock upgrade
NEW YORK (Reuters):CIT Group shares rose nearly six percent yesterday following a note by Canadian Imperial Bank of Commerce (CIBC) World Markets that upgraded the stock and said the consumer and commercial lender's board might be forced to consider...
Goldman climbs two per cent
NEW YORK (Reuters): Shares of Goldman Sachs Group Inc. rose 2.2 per cent before the bell yesterday after the investment bank said it and outside investors would pour US$3 billion of new capital into its Global Equity Opportunities fund..
Canadian Imperial sees profit grow
TORONTO (Reuters): Canadian Imperial Bank of Commerce said yesterday it expected a higher quarterly profit, helped by good revenue, expense and loan loss performance in most of its business groups. Canada's fifth-largest bank by assets said it expected to report ...
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