Archive for August 4th, 2014

Stocks stage late-day rally; Utilities lag

August 4, 2014
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NEW YORK (AP) — The stock market staged a late-day rally Monday, helping push the Dow Jones industrial average higher for the first time in a week.
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How the Dow Jones average fared Monday

August 4, 2014
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The stock market staged a late-day rally Monday, helping push the Dow Jones industrial average higher for the first time in a week. Investors had a couple pieces of positive news to get behind: a decent earnings report from Berkshire Hathaway and the announcement of a rescue package for a struggling Portuguese bank.
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Zain says Bahraini unit IPO to start Sept 2, price at 0.19 dinars/shr

August 4, 2014
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DUBAI, Aug 4 (Reuters) – Kuwait-based telecommunications provider Zain said on Monday it would sell 15 percent of its Bahraini unit to the public in an initial share sale on the kingdom’s stock exchange.
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Asian shares on defensive, dollar nurses losses

August 4, 2014
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By Hideyuki Sano TOKYO (Reuters) – Fears of further declines on Wall Street kept Asian shares mostly on the defensive on Monday, with concerns over geopolitical tensions eclipsing U.S. data that argued against an earlier start to the Federal Reserve’s rate-tightening cycle.
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