Nov 2nd, 2009 - Forbes
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A volatile Monday session ended with stocks posting solid gains on positive earnings and economic data after retreating midday. Consumer spending, home sales and manufacturing activity showed unexpected strength, boosting the major indexes in the morning. Among company earning announcements, Ford Motor's surprise quarterly profit stood out while conglomerate Loews Corp. and power company Consolidated Edison both beat analyst estimates. Commercial lender CIT finally filed for bankruptcy protection over the weekend.
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After filing for bankruptcy, CIT wants to borrow $500 million cushion
Nov 3rd, 2009 - cleveland
Daniel Acker, Bloomberg NewsCIT headquarters in New York.Staff and wire reportsNEW YORK — CIT Group Inc., the bankrupt 101-year-old commercial lender, sought a judge's...Obama urges bold action to create jobs as economy gains strength
Nov 2nd, 2009 - Los Angeles Times
Reporting from Los Angeles and Washington - Ford Motor Co.'s surprisingly strong quarterly earnings capped a day of upbeat news that showed the U.S. economy continuing to gain strength in key sectors including manufacturing and housing. The only U.S...
US Stocks Gain as Ford Profit, Economic Data Top Estimates
Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- U.S. stocks rose, with the Standard &Poor’s 500 Index rebounding from its biggest weekly drop sinceMay, as Ford Motor Co.’s earnings beat estimates and gauges ofmanufacturing...
Stocks gain at open ahead of manufacturing data
Nov 2nd, 2009 - Forbes
Stocks are rising in early trading as investors await key reports on manufacturing and housing. A surprise profit from Ford Motor Co. is helping to support the early gains...
Ford reports $1 billion 3Q profit
Nov 2nd, 2009 - Washington Times
DEARBORN, Michigan (AP) -- Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates. The Dearborn...
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