Monday, May 20, 2013

Stock Markets News Headlines - Yahoo! News

Stock Markets News Headlines - Yahoo! News
A late fade on Wall Street; Wal-Mart, Disney slump
NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.


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Dish asks FCC to suspend review of SoftBank's Sprint bid
NEW YORK (Reuters) - Dish Network Corp asked U.S. regulators on Thursday to stop reviewing SoftBank Corp's proposed acquisition of Sprint Nextel Corp's , citing the Japanese company's reported attempt to thwart its bid for the U.S. wireless carrier. The request follows a Reuters report on May 10 that SoftBank asked several Wall Street investment banks not to finance Dish's $25.5 billion offer for Sprint by saying such a move could hurt their chances of getting a piece of the public offering of Chinese e-commerce company Alibaba Group Holding Ltd . SoftBank owns 33 percent of Alibaba. ...


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Wall Street slips after Fed comments, but Cisco surges
By Leah Schnurr NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer. The three major U.S. stock indexes had earlier traded in a tight range, supported by a gain of more than 12 percent in Cisco Systems shares and as investors took in a batch of economic data that pointed to slower growth. ...


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