Stocks

Stocks pare gains on drop in factory orders

NEW YORK (AP) — Wall Street headed for a moderately higher open Tuesday, regaining its upward momentum ahead of a fresh round of readings on the service sector, factory orders and pending home sales.

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Pending home sales fall to record low

WASHINGTON (AP) — The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchases on hold.

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Stocks open higher ahead of data

Wall Street headed for a moderately higher open Tuesday, regaining its upward momentum ahead of a fresh round of readings on the service sector, factory orders and pending home sales.

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Navistar nears accord with Ford in engine spat

(Crain’s) — Navistar International Corp. is close to reaching a settlement in its dispute with Ford Motor Co. over Navistar-built diesel engines for Ford pickup trucks, Navistar CEO Daniel C. Ustian told Wall Street analysts Monday. Mr. Ustian declined to provide specifics, but said he ...

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House panel: How did Madoff fly below radar?

WASHINGTON (AP) — The Securities and Exchange Commission heard rumblings about Wall Street money manager Bernard Madoff's investment methods nearly a decade ago. Now a House panel wants to know how, despite those warnings, Madoff continued to operate without an agency investigation.

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Funny Business in Minnesota

Editorial, Wall Street JournalStrange things keep happening in Minnesota, where the disputed recount in the Senate race between Norm Coleman and Al Franken may be nearing a dubious outcome. Thanks to the machinations of Democratic Secretary of State Mark Ritchie and a meek state Canvassing Board, Mr. Franken may emerge as an illegitimate victor.Mr. Franken started the recount 215 votes behind Senator Coleman, but he now claims a 225-vote lead and suddenly the man who was insisting on "counting e

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Stocks turn cautious after last week's rally

Caution has returned to Wall Street as investors collected some profits after last week's huge rally even as they find encouragement from President-elect Barack Obama's calls for an economic stimulus package.

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