Stocks cut gains as Merck verdict weighs
Reuters - U.S. stocks trimmed gains in late afternoon trading on Friday as Merck & Co. shares fell after a Texas jury ruled the drugmaker was negligent in the death of a man who took its painkiller Vioxx.
TSX jumps more than 100 points as oil, energy stocks revive; N.Y. also higher
Canadian Press - TORONTO (CP) - The Toronto stock market was sharply higher Friday afternoon after five losing sessions as a boost in the price of oil sent the energy sector higher. "I had been surprised at the strength of the entire market for let's say the last three months . . . it's been pretty robust," said Andrew Martyn, portfolio manager and vice-president at Davis Rea Ltd.
Stocks Edge Higher on Bargain Hunting
Dollar clings to gains after 5 day rise
Reuters - The dollar held gains on Friday after a five-day winning streak against a basket of major currencies, as a robust U.S. factory survey backed views the Federal Reserve will keep raising interest rates.
Thursday's Wall Street Glance
AP - Dow Jones Industrials
NYSE says fines Merrill Lynch $10 mln
Reuters - The New York Stock Exchange on Monday said it fined Merrill Lynch & Co. , the biggest U.S. brokerage, $10 million for "supervisory and operational failures."
Market Should Rise Despite High Oil Prices
AP - A stock market that has shuttled between a level of comfort over the economy and deep anxiety over oil prices may be making that zigzag again this week as the government releases key inflation figures.
Nikkei ends flat after GDP, off 4-yr high
Reuters - Tokyo's Nikkei average ended down 0.01 percent on Friday, a touch off the previous day's four-year high as weaker-than-expected GDP and a higher yen prompted selling in JFE Holdings and other recent gainers.
Stocks set to edge up as Fed tops agenda
Reuters - Stocks were seen opening slightly higher on Tuesday, reversing some of the previous day's losses, with the focus on an expected hike in interest rates.
Stocks drop on oil at record $64
Reuters - U.S. stocks slipped on Monday as crude oil climbed to a record $64 a barrel, stoking concerns about the impact of high energy costs on corporate profits and consumer spending, while worries about rising interest rates hurt shares of banks and home builders.
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