Articles tagged with st
Fri, May 18, 2012
Wall Street Week Ahead: Market is oversold, but major signs say "sell"
By Angela Moon
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be ...
Tue, May 15, 2012
St Jude is latest to launch blood pressure device
By Susan Kelly
(Reuters) - St Jude Medical Inc said it won European approval to begin selling a device that lowers blood pressure by creating ...
Thu, May 10, 2012
Messy Facebook debut marks weak day on Wall Street
By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks fell on Friday after a sloppy debut by Facebook Inc
Wed, May 09, 2012
League approves sale of St. Louis Blues
(Reuters) - The National Hockey League's Board of Governors unanimously approved the sale of the St. Louis Blues to a group headed by a ...
Wed, May 02, 2012
Duluth Murder Suspect Arrested In St. Cloud
DULUTH, MN (KDAL) - Early Wednesday morning St. Cloud Police arrested Joshua Lee Littlewolf on a St. Louis County warrant for 2nd degree murder. Littlewolf ...
Mon, April 30, 2012
Regional Economic Forum At College Of St. Scholastica
DULUTH, MN (KDAL) - A panel discussion by several regional economic experts will be held Tuesday evening at the College of St. Scholastica in Duluth ...
Mon, April 30, 2012
S&P 500 flirts with two-month low before rebound
By Angela Moon
NEW YORK (Reuters) - Stocks fell for the fifth day in six on Wednesday as investors kept their focus on the turmoil ...
Sat, April 28, 2012
One dead, dozens hurt as storm hits St. Louis bar tent
By Miriam Moynihan
St. Louis (Reuters) - One person was killed and dozens injured on Saturday when a thunderstorm packing high winds blew down a ...
Tue, April 24, 2012
Boy awaiting heart transplant abducted from St. Louis hospital
By Kevin Murphy
KANSAS CITY, Missouri (Reuters) - A child-abduction alert was issued on Tuesday in St. Louis for a 5-year-old boy who police said ...
Mon, April 23, 2012
ST-Ericsson revamp pushes STMicro to mobile arm
(Reuters) - Chip maker ST-Ericsson will cut 1,700 jobs and shift a key part of its product to parent STMicro, forcing the French co-owner ...
Mon, April 23, 2012
ST-Ericsson delays strategy announcement to later Monday
(Reuters) - Loss-making mobile chip venture ST-Ericsson delayed a scheduled "before market open" strategy announcement on Monday to the afternoon.
The delay was caused by ...
Fri, April 13, 2012
Analysis: Heart device troubles cloud St Jude's outlook
By Susan Kelly and Debra Sherman
CHICAGO (Reuters) - Twin setbacks for St Jude Medical Inc's heart rhythm devices are raising concerns on Wall ...
Thu, April 12, 2012
Analysis: Heart device troubles cloud St Jude's outlook
By Susan Kelly and Debra Sherman
CHICAGO (Reuters) - Twin setbacks for St Jude Medical Inc's heart rhythm devices are raising concerns on Wall ...
Tue, April 10, 2012
Alcoa stock up on unexpected 1st-quarter profit
NEW YORK (Reuters) - Shares in Alcoa Inc
Mon, April 09, 2012
Medtronic backs heart-lead report that irks St Jude
CHICAGO (Reuters) - Medtronic Inc said on Monday it agreed with research findings that favored the medical device maker's Sprint Quattro heart defibrillator lead ...
Thu, April 05, 2012
Wall Street Week Ahead: Will earnings spark further declines?
By Ryan Vlastelica
NEW YORK (Reuters) - Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.
Investors will assess whether slower growth is priced into the U.S. stock market, or if the S&P 500's retreat from Monday's four-year high is the start of a larger decline - if results disappoint.
After the S&P 500's rise of about 30 percent since October, there is concern that buying interest is not strong enough to drive further gains, particularly after soft March U.S. employment figures were released on Friday.
"It seems like we're hitting resistance," said Jack Ablin, chief investment officer of Harris Private Bank in Chicago. "I think the market will grind higher, but it will be at a much slower pace. Earnings and jobs aren't helping."
Friday's nonfarm payrolls report was a disappointment, with just 120,000 jobs added in March, short of expectations for a gain of 203,000 jobs. Stock futures fell 1 percent in a shortened session, with the cash market closed entirely.
Fund managers will look for earnings to offer insight into how companies are faring amid mixed economic indicators and a resurgence of concerns about Europe. Strong results could extend the multi-month rally while weak ones could provide a catalyst for further declines.
"If management commentary indicates that business is holding up despite the apparent slowing of European economies, that would be very encouraging for stocks," said John Carey, portfolio manager at Pioneer Investment Management in Boston, who helps oversee about $260 billion.
"On the other hand, if orders are dropping or consumer spending doesn't appear sustainable, that could lead to some downward pricing action and earnings revisions."
A TIME FOR CAUTION
The latest trends haven't been encouraging. Analysts have trimmed estimates, management teams have grown more cautious, and overall growth rates have fallen sharply.
S&P 500 companies' earnings are seen rising 3.2 percent in the first quarter, according to Thomson Reuters data, compared with growth of 9.2 percent in the fourth quarter and a jump of almost 19 percent in the first quarter of 2011 over the year-ago period.
Analysts have been cutting estimates steadily in the last few months, but the ratio of cuts to increases leveled off in March, Bank of America-Merrill Lynch wrote in a recent note. That indicates "analysts are still cutting estimates, but at a decreasing rate."
Bank of America-Merrill Lynch also pointed out that corporate management teams were becoming more cautious relative to expectations as well. Overall, data from StarMine, a unit of Thomson Reuters, shows most sectors with declining estimates, particularly materials and telecom stocks.
"We feel it is too early to switch to a positive short-term signal, given worrisome trends in guidance and sales revisions," Bank of America-Merrill Lynch wrote to clients.
SanDisk Corp
On the positive side, Bed Bath & Beyond
Alcoa Inc
Over the last several weeks, growth estimates have dropped markedly even as economic data has generally shown improved U.S. demand and the equity market has rallied.
On the first of October, first-quarter earnings were seen growing more than 10 percent. While estimates have dropped by more than two-thirds since then, the S&P 500 has climbed 27 percent, raising the question of whether the slowing growth has been priced into the market.
Tobias Levkovich, chief U.S. equity strategist at Citigroup, wrote that the season "may generate the next obstacle for investors," saying they had become "too accustomed" to upside surprises.
LOWERING THE BAR
The second quarter got off to a weak start. The Standard & Poor's 500 Index <.SPX> ended the quarter's first week with a loss of 0.7 percent - its worst weekly performance since December. That was in sharp contrast to the rally on Monday - the quarter's first trading day - when the S&P 500 ended at 1,418.90, its highest close since mid-May 2008.
At Thursday's close, the Dow Jones industrial average <.DJI> was down 1.2 percent for the week, while the Nasdaq Composite Index <.IXIC> was down 0.4 percent.
It is possible that analysts have become too pessimistic.
Warnings have dominated the pre-earnings season. Of the 121 pre-announcements, 68 percent are negative ones, compared with 58 percent in the first quarter a year ago.
"The reduced expectations leave more room for upside surprises," said Michael Mullaney, a portfolio manager who helps manage $9.5 billion at Fiduciary Trust Co in Boston.
However, there is still concern that the recent burst of economic growth will prove transitory - and that demand will sag after a warmer-than-usual winter in the United States.
"Earnings are expected to be weak this quarter, and if you strip out Apple Inc
(Wall St Week Ahead runs every Friday. Questions or comments on this column can be emailed to: ryan.vlastelica(at)thomsonreuters.com)
(Additional reporting by David Gaffen; Editing by Jan Paschal)
Wed, April 04, 2012
St. Jude cites insulation snag in wires, shares fall
(Reuters) - St. Jude Medical Inc on Wednesday halted sales of two brands of lead wires used in its cardiac resynchronization therapy (CRT) devices due ...
Mon, April 02, 2012
Wall Street ends worst two weeks since November
By Ryan Vlastelica
NEW YORK (Reuters) - U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China ...
Fri, March 30, 2012
Wall St Week Ahead: After stocks' first-quarter run, focus turns to data
By Chuck Mikolajczak
NEW YORK (Reuters) - After the best first quarter in 14 years, the S&P 500 may be poised for a pullback as investors look to a slew of economic data for insight on the strength of the domestic economy.
The Dow <.DJI> and the S&P 500 <.SPX> closed out their best first quarter since 1998 and the Nasdaq <.IXIC> had its best first-quarter performance since 1991, largely on the back of improving domestic economic data.
Economic indicators next week include data on manufacturing and services from the Institute for Supply Management, construction spending, factory orders and domestic car sales as well as several reports on the labor market, culminating in Friday's payrolls number.
The benchmark S&P 500 index could be vulnerable to a retreat if the data shows a softening of the economy, a possibility many investors have been cautiously eyeing with the index up nearly 30 percent from its October low.
"The remarkable part of the first quarter is you really didn't have any major piece of economic data in the U.S. that disappointed the market," said Dean Junkans, chief investment officer of Wells Fargo Advisors and Wells Fargo Private Bank in Minneapolis.
"It was really a no drama, no surprise quarter and the market may not be fully appreciating that we could have some surprises here in some of the data coming up."
MARCH JOBS AND FED MINUTES
Equity markets will be closed at the end of the week for the Good Friday holiday, which could create lighter volume and increase volatility. The holiday also conflicts with the release of the March payrolls report, which could leave investors reticent to make big bets in front of the data.
Economists polled by Reuters are looking for an addition of 201,000 jobs in March, compared with February's 227,000. They expect the U.S. unemployment rate to remain steady at 8.3 percent.
"People are looking for a little more out of the data, but it ultimately depends on how the numbers come in relative to expectations - it's all about beating or missing expectations," said Joseph Tanious, market strategist at J.P. Morgan Funds in New York.
"That will likely dictate the market the following Monday after Good Friday."
Along with dealing with a short week and a glut of economic data, investors will have to grapple with Tuesday's release of the minutes from the most recent Federal Open Market Committee meeting and an interest-rate decision on Wednesday by the European Central Bank after its meeting.
"The underlying issue in Europe - the sovereigns themselves being solvent - has not been resolved," Tanious said. "I would suspect you will continue to see some flare-ups in Europe that will rattle markets here in the U.S."
The ECB is expected to keep interest rates unchanged with no major announcements on other policy decisions while the Fed minutes will not be followed up with a press briefing by U.S. Federal Reserve Chairman Ben Bernanke.
Comments from Bernanke signaling a supportive monetary policy on Monday lifted stocks more than 1 percent and helped boost the index higher for the week despite three consecutive sessions of declines. Investors will look to the FOMC minutes for any change in language.
WARMING UP FOR EARNINGS SEASON
The earnings calendar is light, with Monsanto Co
Also on tap are same-store sales from retailers on Thursday, which could give further insight on consumer habits on the heels of Friday's consumer sentiment and personal income and spending data.
"You've got manufacturing, service, retail and jobs all coming out during the week, plus you are going to have people next week start to think about first-quarter earnings," Junkans said.
But even if equities do pull back - and with more than 80 percent of the benchmark S&P 500 above the 200-day moving average - the market would appear primed for one, analysts cautioned it was more likely to be a healthy decline.
"If you get weakness initially in April, no one is going to really panic unless all of a sudden, the bottom falls out," said Ken Polcari, managing director of ICAP Equities in New York.
"But I don't suspect that is going to happen because I still believe we are the prettiest girl on the block and that if the market gets weak, there is still plenty of money to be put to work."
(Wall St Week Ahead runs every Friday. Questions or comments on this column can be emailed to: charles.mikolajczak(at)thomsonreuters.com)
(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)
Thu, March 22, 2012
Wall Street closes stellar quarter on up note
By Rodrigo Campos
NEW YORK (Reuters) - Stocks closed their strongest quarter in more than two years on a positive note on Friday, led by ...
Wed, March 21, 2012
St. Patrick's Day Enhanced Enforcement Results
DULUTH, MN (KDAL) - Last Saturday, the Duluth Police Department and other law enforcement in the area had extra officers patrolling area streets and highways ...
Mon, March 19, 2012
Wall Street mostly slips, but tech keeps S&P near 4-year highs
By Rodrigo Campos
NEW YORK (Reuters) - Stocks mostly fell on Wednesday, weighed by the energy services sector, but gains in technology shares buoyed the ...
Sat, March 17, 2012
A new face for New York's St Patrick's Cathedral
By Edith Honan
NEW YORK (Reuters) - Saint Patrick's Cathedral, New York City's iconic house of worship on Fifth Avenue, is getting a ...
Sat, March 17, 2012
Did St Patrick collect tax, trade slaves? paper asks
By Mike Collett-White
LONDON (Reuters) - St. Patrick, patron saint of Ireland, may well have been a tax collector for the Romans who fled to ...
Thu, March 15, 2012
Increased Drunk Driving Patrols For St. Patrick's Day
UNDATED (KDAL) - Local, county and state law enforcement officials in both Minnesota and Wisconsin are beefing up their patrols to get drunk drivers off ...
Wed, March 14, 2012
ST-Ericsson readies revamp, soon a takeover target
By Nadia Damouni and Tarmo Virki
NEW YORK/HELSINKI (Reuters) - ST-Ericsson is preparing to unveil a major operations revamp within two weeks, placing the ...
Tue, March 13, 2012
Fear of driving? Avoid St. Louis and Dallas
By Chris Michaud
NEW YORK (Reuters) - Planning a road trip in the United States? You might want to avoid St. Louis, Dallas and Houston ...
Mon, March 12, 2012
Penn St. board says Paterno, Spanier fired for "failure of leadership"
By Mark Shade
BELLEFONTE, Pennsylvania (Reuters) - Penn State's Board of Trustees on Monday defended its firing of legendary football coach Joe Paterno and ...
Mon, March 12, 2012
Penn St. board says Paterno, Spanier fired for 'failure of leadership'
By Mark Shade
BELLEFONTE, Pennsylvania (Reuters) - Penn State's Board of Trustees on Monday defended its firing of legendary football coach Joe Paterno and ...
Mon, March 12, 2012
S&P 500 ends best week since December with quiet day
By Ryan Vlastelica
NEW YORK (Reuters) - The S&P 500 closed out its best week in three months with a slim gain on Friday ...
Mon, March 05, 2012
Wall St's bonuses fell 25 pct in 2011 -NYC monitor
By Joan Gralla
NEW YORK (Reuters) - Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on ...
Tue, February 28, 2012
Duluth And St. Louis County "Capitol Days"
DULUTH, MN (KDAL) - Weather permitting, around 500 people are expected to be in St. Paul from Duluth and St. Louis County on Wednesday and ...
Sat, February 25, 2012
Rally on Wall St to be put to test
By Angela Moon
NEW YORK (Reuters) - A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008.
The broad index is up 8.6 percent for the year, closing at 1,365 on Friday. The S&P 500's close was the highest since June 6, 2008, a few months before Lehman Brothers went bankrupt as the global credit crisis spiraled out of control.
While the swiftness and magnitude of the gains have created concerns that the market is due for a pullback, a break above 1,370, which was 2011's intraday high, could trigger more buying as investors fear missing out on further gains.
"We have reached an exhaustion point and an inflection point. The sentiment is bullish and the money flow has gotten bullish, and that's freaking people out a bit," said James Dailey, portfolio manager at TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.
"What's more likely, or normal, would be a 5-7 percent decline (from current levels), but if we move above 1,370, that could be the next leg up."
The S&P 500 has struggled to climb above 1,370, but the level has thrown up strong resistance in the past week.
For this week, the Dow Jones industrial average <.DJI> and S&P rose about 0.3 percent and the Nasdaq Composite <.IXIC> added 0.4 percent to close at its highest since mid-December 2000.
Oil prices will also be in focus after Brent crude futures closed at $125.47 per barrel on Friday, the highest since last April, on fears of worsening tensions between Iran and the West.
"The S&P and crude oil prices have been showing a correlation so far. But oil at where it is now is a big deal," said Ben Schwartz, chief market strategist at Lightspeed Financial in Chicago.
Schwartz explained that if oil keeps rising, it will threaten consumer confidence and pressure the stock market.
The movement in the euro will also be closely watched for hints about markets' appetite for risky investments.
The euro on Friday rose to its highest in more than two months against the dollar and hit its strongest versus the yen in nearly four months before the European Central Bank is expected to make available another round of cheap money next week.
The ECB's three-year, long-term refinancing operation (LTRO) could help the euro's cause. Estimates suggest that the LTRO would draw bids of anywhere between 500 billion and 1 trillion euros, setting risk appetite on fire.
Mexico hosts a two-day meeting of the Group of 20 leading economies' finance ministers and central bankers at the weekend.
The meeting will likely be dominated by discussion of the European debt crisis, with euro zone countries pushing for their G20 partners to commit more money to the International Monetary Fund to help victims of the crisis.
Economic data due next week includes durable goods orders on Tuesday and revised fourth-quarter gross domestic product on Wednesday. Weekly jobless claims and ISM manufacturing data will be released on Thursday.
(Reporting By Angela Moon; Editing by ...
Tue, February 21, 2012
Wall Street up on jobs data, brushes off Greek default
By Angela Moon
NEW YORK (Reuters) - Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another ...
Sun, February 19, 2012
Stocks may strain to hold 9-month highs
By Caroline Valetkevitch
NEW YORK (Reuters) - If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has ...
Tue, February 14, 2012
Wall Street fights back against expert witness in lawsuits
By Suzanne Barlyn
(Reuters) - For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of ...
Mon, February 13, 2012
Insight: Wall St commodity talent wars: Return of the merchants
By Barani Krishnan
NEW YORK (Reuters) - When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of ...
Mon, February 13, 2012
Blues museum planned for St. Louis riverfront
By Bruce Olson
ST. LOUIS (Reuters) - A few blocks from the Mississippi River levee where a homeless W.C. Handy composed "St. Louis Blues ...
Mon, February 13, 2012
Apple pops, Wall St firms drop in brand study
By Nick Zieminski
(Reuters) - Apple Inc
Sun, February 12, 2012
U.S. blues museum planned for St. Louis riverfront
By Bruce Olson
ST. LOUIS (Reuters) - A few blocks from the Mississippi River levee where a homeless W.C. Handy composed "St. Louis Blues ...
Wed, February 01, 2012
Analysis: Wall St. cash flows to Romney over Obama
By Kevin Drawbaugh
(Reuters) - The captains of Wall Street have picked a presidential candidate for 2012 and it is Republican Mitt Romney, rather than ...
Mon, January 30, 2012
Wall Street ends week higher before Greece decision
By Chuck Mikolajczak
NEW YORK (Reuters) - U.S. stocks edged higher on Friday, but investors stayed cautious before a long holiday weekend when hopes ...
Sat, January 28, 2012
Alpine skiing: Vonn wins again in St. Moritz
By Patrick Lang
ST. MORITZ, Switzerland (Reuters) - Lindsey Vonn continued her harvest of downhill laurels when she clinched her 24th victory in Alpine skiing ...
Fri, January 27, 2012
Thousands greet veterans at St. Louis parade
By Bruce Olson
ST. LOUIS (Reuters) - Thousands of people lined the streets of downtown St. Louis on Saturday cheering on marchers in a parade ...
Fri, January 27, 2012
College Of St. Scholastica Celebrates 100 Years
DULUTH, MN (KDAL) - The College of St. Scholastica in Duluth is beginning a year long centennial celebration with a kick-off weekend through Sunday. The ...
Tue, January 24, 2012
ST-Ericsson CEO sees very difficult 2012
(Reuters) - Loss-making mobile chip venture ST-Ericsson will face a tough 2012, its new Chief executive Didier Lamouche said on Tuesday.
"2012 will be very ...
Mon, January 23, 2012
Wall Street cuts losses on late buying
By Angela Moon
NEW YORK (Reuters) - Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an ...
Fri, January 20, 2012
Strong start for stocks, but what's changed?
By Edward Krudy
NEW YORK (Reuters) - Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street ...
Fri, January 20, 2012
Two top Penn State board members step aside
By Dave Warner
PHILADELPHIA (Reuters) - The two top officers of Penn State's Board of Trustees, enmeshed in the school's child sex abuse ...
Fri, January 20, 2012
St Louis Rams to become regulars at London's Wembley
LONDON (Reuters) - The St. Louis Rams will play one regular-season home game in London for the next three years starting with a clash against ...
Fri, January 13, 2012
Fisher to coach St. Louis Rams
(Reuters) - Former Tennessee Titans coach Jeff Fisher has agreed to become the new coach of the St. Louis Rams, he said on Friday.
Fisher ...
Thu, January 12, 2012
Upset Penn State alumni descend on president's meeting
By Dave Warner
VALLEY FORGE, Pa (Reuters) - A group of Penn State alumni, rallying around former football star Franco Harris, descended on a meeting ...
Wed, January 11, 2012
Barriers lifted at Occupy Wall St park in New York
By Michelle Nichols
NEW YORK (Reuters) - Dozens of Occupy Wall Street protesters assembled in a New York park on Wednesday, cheered by the overnight ...
Tue, January 10, 2012
Wall Street banks curb economic growth forecasts
WASHINGTON (Reuters) - Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory ...
Mon, January 09, 2012
VIDEO: Upton talks solutions for St. Joseph harbor dredging
St. JOSEPH (WKZO) -- Congressman Fred Upton appeared before a crowd in St. Joseph Monday morning to speak about recent efforts to fund the dredging ...
Mon, January 09, 2012
St. Louis River Restoration Project Meeting
DULUTH, MN (KDAL) - The public is invited to an informational meeting regarding a restoration project planned for the Radio Tower Bay area of the ...
Fri, January 06, 2012
Focus shifts back to U.S. earnings
By Caroline Valetkevitch
NEW YORK (Reuters) - Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings ...
Tue, January 03, 2012
UK artist, St Trinian's creator Searle dies aged 91
By Tim Castle
LONDON (Reuters) - British cartoonist Ronald Searle, best known for his spiky drawings of the tearaway pupils of the fictional girls school ...
Fri, December 30, 2011
Paris St Germain say nothing signed with Beckham
PARIS (Reuters) - David Beckham has not signed anything with Paris St Germain and the French league leaders do not know if the former England ...
Fri, December 30, 2011
Insight: Dark holiday in Detroit as Church downsizes
By John D. Stoll
DETROIT (Reuters) - Emmanuel Miller comes to Saint Leo Catholic Church at least twice a month.
The 52-year-old doesn't often ...
Fri, December 23, 2011
Santa rally may face test next week
By Angela Moon
NEW YORK (Reuters) - Get ready. The last trading week of the year will be a test for stocks to prove whether ...
Wed, December 21, 2011
NYC pension funds want tougher Wall Street clawbacks
(Reuters) - New York City's pension funds want three big Wall Street banks to impose tougher compensation-clawback rules for top executives.
NYC Pension Funds ...
Tue, December 20, 2011
Oracle miss sparks Wall St fears of spending cuts
By Scott Malone and Jim Finkle
(Reuters) - Oracle Corp's dismal quarterly results sent shock waves across the technology sector as investors feared they ...
Fri, December 09, 2011
Occupy Wall St takes over "Law & Order" TV set
By Chris Francescani
NEW YORK (Reuters) - Occupy Wall Street protesters late Thursday took over the empty set of television crime drama "Law & Order: SVU ...
Thu, December 08, 2011
Lightning's St. Louis out after taking puck to face
(Reuters) - Tampa Bay Lightning forward Martin St. Louis is out indefinitely after being struck in the face with a puck during his team's ...
Tue, December 06, 2011
Obama seeks stronger penalties for Wall St fraud
OSAWATOMIE, Kansas (Reuters) - President Barack Obama said on Tuesday he would call for legislation to strengthen penalties against Wall Street companies that break anti-fraud ...
Mon, December 05, 2011
Woman Found Dead After Crash Into St. Louis Bay
SUPERIOR, WI (KDAL) - Superior Police are investigating a crash that left a woman dead after the SUV she was driving ended up in the ...
Tue, November 29, 2011
St Jude advises doctors of heart lead problems
CHICAGO (Reuters) - St Jude Medical Inc has sent a letter to doctors advising them that its Riata leads that connect implanted defibrillators to the ...
Mon, November 28, 2011
Barney Frank, author of Wall St reform, to retire
By Andy Sullivan and Svea Herbst-Bayliss
(Reuters) - Barney Frank announced his retirement from Congress Monday, leaving fellow Democrats without their foremost defender of a ...
Mon, November 28, 2011
Struggling ST-Ericsson replaces CEO
(Reuters) - Loss-making mobile chip venture ST-Ericsson said on Monday its operations chief Didier Lamouche would replace its Chief Executive Gilles Delfassy from the start ...
Mon, November 28, 2011
Annual compensation could fall 30 percent at Wall St firms
(Reuters) - Annual compensation for employees at big Wall Street firms could fall 27-30 percent from a year earlier to the lowest level since the ...
Sun, November 27, 2011
Analysis: NYSE stokes Wall St battle for "mom and pop" investors
By Jonathan Spicer
NEW YORK (Reuters) - The fight for mom and pop's stock orders is getting testy on Wall Street.
The New York ...
Fri, November 25, 2011
Dow and S&P 500 post best week since Christmas
By Caroline Valetkevitch
NEW YORK (Reuters) - Stocks posted their best week since Christmas, even with a mixed finish on Friday after strong earnings from ...
Mon, November 21, 2011
Analysis: Wall St. banks wonder if they are shrinking for good
By Jed Horowitz
NEW YORK (Reuters) - Wall Street bankers are used to vicious swings in fortunes - it is in their DNA. Make a killing ...
Thu, November 17, 2011
Ex-banker turned Hindu monk urges Wall Street to meditate
By Tom Heneghan, Religion Editor
(Reuters) - Rasanath Das, an ex-investment banker turned Hindu monk, was spending recent Sunday afternoons leading Occupy Wall Street protesters ...
Tue, November 15, 2011
Wal-Mart profit below forecasts despite better sales
By Jessica Wohl
(Reuters) - Wal-Mart Stores Inc's decision to absorb most of the rising food costs for its stressed U.S. shoppers and ...
Tue, November 15, 2011
Authorities foil NY protest bid to shut Wall Street
By Chris Francescani and Aman Ali
NEW YORK (Reuters) - New York police prevented protesters from shutting down Wall Street on Thursday, arresting more than ...
Mon, November 14, 2011
NY state sees wider budget gaps amid Wall St woes
By Joan Gralla
NEW YORK (Reuters) - New York state's current budget has a $350 million hole while next year's gap has widened ...
Mon, November 14, 2011
Wall Street falls for sixth day
By Angela Moon
NEW YORK (Reuters) - Stocks suffered a sixth straight day of losses on Wednesday as frustration over the euro zone's debt ...
Wed, November 02, 2011
U.S. tries "hip hop" diplomacy in Pakistan
By Chris Allbritton
ISLAMABAD (Reuters) - Considered by many Pakistanis to be public enemy number one, the United States on Monday turned to the musical ...
Fri, October 28, 2011
'Glee' Update: Jesse St. James' Return, A Third New Directions Defector & More
If you like being surprised when you watch television, you should probably just get on out of here because we've got a few ...
Thu, October 13, 2011
Who's behind the Wall Street protests?
By Mark Egan and Michelle Nichols
NEW YORK (Reuters) - Anti-Wall Street protesters say the rich are getting richer while average Americans suffer, but the ...
Tue, October 11, 2011
Analysis: Wall St. set to shrink as jobs cut, bonuses at risk
By Steven C. Johnson
NEW YORK (Reuters) - The thousands of protesters camped out in New York's financial district may not see it this ...
Tue, October 11, 2011
About 175 arrested early Sunday in Chicago protest
By Roy Strom
CHICAGO (Reuters) - Police arrested around 175 demonstrators at a nascent protest camp in a downtown Chicago park early on Sunday, hauling ...
Tue, October 11, 2011
U.S. reveals Volcker rule's murky ban on Wall St bets
By Dave Clarke and Alexandra Alper
WASHINGTON (Reuters) - U.S. regulators unveiled a ban on Wall Street banks' trading for their own profit, but ...
Tue, October 11, 2011
British Open to return to St Andrews in 2015
(Reuters) - The Open will return to the 'home of golf' in 2015 when the championship is played at St Andrews, the Royal & Ancient said on Tuesday.
It will be the 29th time that golf's oldest major has been held over the Old Course. It was last held there in 2010 when South Africa's Louis Oosthuizen won by seven shots.
"St Andrews has proved time and again that it is perfectly equipped to host The Open and I am certain we will yet again see a worthy winner lift the Claret Jug," the R&A's chief executive Peter Dawson said in a statement.
"Players, spectators and officials alike will welcome a return to the game's spiritual home and I fully expect that we will witness another thrilling Championship."
Open champions who have won at St Andrews include Tiger Woods, Jack Nicklaus, Seve Ballesteros and Nick Faldo.
This year's championship, won by Darren Clarke, was held at Royal St George's. Next year's takes place at Royal Lytham & St Annes with the 2013 version at Muirfield and Royal Liverpool hosting in 2014.
The 2015 edition, which will be the 144th championship, will take place from July 16 to 19.
(Writing by Sonia Oxley; Editing by ...
Tue, October 11, 2011
Analysis: Wall St. action part of global "Arab Spring?"
By Peter Apps, Political Risk Correspondent
LONDON (Reuters) - After the "Arab Spring" and unrest in Europe, New York's "Occupy Wall Street" movement may ...
Tue, October 11, 2011
Wall St jobs, bonus outlook dims for 2011
By Clare Baldwin and Holly McKenna
(Reuters) - Wall Street cash bonuses are likely to drop for the second year in a row, the New ...
Mon, October 10, 2011
Wall St. Extends Rally on Euro-Zone Hopes
NEW YORK
(Reuters) - U.S. stocks jumped 3 percent on Monday, extending gains into a second week as a pledge by German and French ...
Sun, October 09, 2011
Wall St Week Ahead: Earnings on deck as Europe eyed
By Chuck Mikolajczak
NEW YORK (Reuters) - Investors tiring of the euro zone's debt crisis dragging the market all over the place are hoping ...
Fri, October 07, 2011
Anti-Wall St movement has potential political punch
By Thomas Ferraro
WASHINGTON (Reuters) - Democrats and Republicans have fired opening shots in a populist battle over corporate America's power, with the political ...
Fri, October 07, 2011
Insight: Occupy Wall St, the start of a new protest era?
By Mark Egan and Ben Berkowitz
NEW YORK (Reuters) - When Paul Friedman met the rag-tag youth camped out near Wall Street to protest inequality ...
Fri, October 07, 2011
Cantor says concerned about Wall St. "mobs"
WASHINGTON (Reuters) - A top Republican in Congress referred on Friday to Wall Street protesters as "growing mobs" that are trying to divide the country ...
Thu, October 06, 2011
Obama chides banks, taps anger over Wall Street
By Jeff Mason and Alister Bull
WASHINGTON (Reuters) - President Barack Obama launched an onslaught against banks and Republicans on Thursday for working to block ...
Thu, October 06, 2011
Biden: Wall St protests show Americans see system unfair
WASHINGTON (Reuters) - The spreading protests against Wall Street show that the American people are angry about worsening economic disparities, Vice President Joe Biden said ...
Wed, October 05, 2011
Anti-Wall Street protests spur political debate
By R.T. Watson
LOS ANGELES (Reuters) - Growing protests targeting Wall Street and U.S. economic inequality spawned heated rhetoric among politicians on Sunday ...
Sat, October 01, 2011
Phillies crush St. Louis in series opener
(Reuters) - Philadelphia launched their Major League Baseball (MLB) playoffs campaign in emphatic fashion on Saturday, coming from behind to defeat the St. Louis Cardinals ...
Tue, September 27, 2011
St. Louis police make city's biggest-ever heroin bust
By Bruce Olsen
ST. LOUIS (Reuters) - More than 50 suspected heroin dealers were rounded up on Tuesday in the largest operation against heroin trafficking ...
Sat, September 24, 2011
Wall St Week Ahead: Earnings calls wake up to Wall Street pain
By Claire Sibonney
NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the ...
Wed, September 14, 2011
Investors fail to bite at Microsoft Wall Street pow-wow
ANAHEIM, California (Reuters) - A rising tide of investor agitation over Microsoft Corp's static share price and bulging cash hoard made no mark at ...
Tue, September 13, 2011
Cisco slashes sales outlook, enters new era
By Alistair Barr and Sinead Carew
SAN FRANCISCO/NEW YORK (Reuters) - Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era ...
Tue, September 13, 2011
Man Drowns In St. Louis River
DULUTH, MN (KDAL) - A 24 year old man has apparently drowned in the St. Louis River near Jay Cooke State Park. Just before 5 ...
Mon, September 05, 2011
Wall Street, finishing flat, posts 4 weeks of gains
By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market ...
Wed, August 31, 2011
Retailers' August sales just miss Wall St view
By Martinne Geller
NEW YORK (Reuters) - U.S. retailers reported mixed August sales results after Hurricane Irene drove away business at some chains and ...
Mon, August 29, 2011
Wall St expected to open Monday
By Jonathan Spicer
NEW YORK (Reuters) - The U.S. stock market will open for a normal trading session on Monday, although with lower volume ...
Sun, August 28, 2011
Jersey City, a satellite for Wall St, hit by floods
By Edward Krudy
NEW YORK (Reuters) - Wall Street's satellite financial center, Jersey City, was one of the areas in the New York area ...
Sun, August 28, 2011
Wall St expected to open Monday
By Jonathan Spicer
NEW YORK (Reuters) - The U.S. stock market will open for a normal trading session on Monday, although with lower volume ...
Tue, August 23, 2011
Looking For Carp In The St. Croix River
UNDATED (KDAL) - After a five-day search, Minnesota Department of Natural Resources (DNR) fisheries staff did not capture any Asian carp in the St. Croix ...
Sun, August 21, 2011
Hope for euro deal, China growth spur stocks
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) - World stocks put in solid gains on Monday as investors bet on a positive outcome to ...
Sat, August 13, 2011
U.S. expands probe of News Corp: Wall St. Journal
CHICAGO (Reuters) - Authorities are investigating if Britain's News Corp had a broader pattern of misconduct in the United States, the Wall Street Journal ...
Fri, August 12, 2011
Illinois police chase naked gunman into St. Louis
By Barton Lorimor
SPRINGFIELD, Ill (Reuters) - The phrase "naked gun" is no longer just a movie reference here in southwestern Illinois.
Officers responding to ...
Mon, August 08, 2011
Jobs woes sink Wall Street
By Ryan Vlastelica
NEW YORK (Reuters) - Stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with ...
Mon, August 01, 2011
Brewers too hot at home for Cardinals
MILWAUKEE (Reuters) - Milwaukee capitalized on their home-field advantage once again Monday with a 6-2 win over the St Louis Cardinals to extend their lead ...
Mon, August 01, 2011
Wall St. slips for 6th day; debt deadline near
NEW YORK (Reuters) - U.S. stocks fell for a sixth day on Monday as time runs out for the government to pass a deal ...
Mon, August 01, 2011
Wall Street closes worst week since '08 with wild day
By Angela Moon
NEW YORK (Reuters) - Stocks closed out their worst week in more than two years on Friday in a volatile session that ...
Fri, July 29, 2011
Statue for Chuck Berry erected in St. Louis
By Bruce Olson
ST. LOUIS (Reuters) - Rock and roll pioneer Chuck Berry, spry and smiling at 84 years-old, gave a wave of approval dedicating ...
Fri, July 29, 2011
Statue for rock and roll's Chuck Berry erected in St. Louis
By Bruce Olson
ST. LOUIS (Reuters) - Rock and roll pioneer Chuck Berry, spry and smiling at 84 years old, gave a wave of approval ...
Mon, July 18, 2011
Analysis: Wall St to learn if Dodd-Frank bark worse than bite
By Dave Clarke
WASHINGTON (Reuters) - Wall Street will soon get an idea of just how far the regulatory pendulum will swing.
A year after ...
Mon, July 18, 2011
Five People Safe As Boat Capsizes On Fish Lake
DULUTH, MN (KDAL) - Five people, ranging in age from 79 to seven, are safe after the 15 foot fishing boat they were in capsized ...
Mon, July 18, 2011
Wall Street ends worst week in year on debt stalemate
By Caroline Valetkevitch
NEW YORK (Reuters) - Stocks ended the worst week in a year as time runs out on Washington to reach agreement before ...
Wed, July 13, 2011
St. Lawrence Seaway Grain Shipments Up
WASHINGTON DC (KDAL) - The latest statistics from the St. Lawrence Seaway show that grain shipments are up more than 20 percent as the marine ...
Fri, July 01, 2011
Road Work
UNDATED (KDAL) - Expect some detours and single-lane traffic during the Arrowhead Road Improvement project. The City of Duluth and St. Louis County are working ...
Tue, June 28, 2011
Controversial Chuck Berry statue approved in St Louis
By Bruce Olsen
ST. LOUIS (Reuters) - An eight-foot statue of rock and roll pioneer Chuck Berry was approved on Monday over the opposition of ...
Wed, June 22, 2011
Five Teens Rescued From Lester River
DULUTH, MN (KDAL) - A group of five teenagers were rescued by Gnesen Fire Department and members of the St. Louis County Rescue Squad on ...
Tue, June 14, 2011
St. Louis County and Duluth HUD Grants Announced
DULUTH, Mn (KDAL) - The U-S Housing and Urban Development Agency has announced over 46 million dollars for Community Development and Affordable Housing grants in ...
Wed, June 08, 2011
Babbitt Fire Victim Identified
BABBITT, Mn (KDAL) - The St. Louis County medical examiner has confirmed it was the owner that was found dead following an explosion and fire ...
Mon, May 09, 2011
River Quest Is Underway In Duluth
DULUTH, Min. (KDAL) - The 19th Annual River Quest harbor and St. Louis River cruises for area 6th grade students got underway on Monday. Just ...
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