US Stocks Snap Six-Week Losing Skid
United Airlines Resumes Flights After Glitch, Passengers May Experience Delays
Florida jobless rate drops again to 10.6 percent
Union members protest austerity measures in Athens
Arizona's jobless rate dips to 9.1 percent in May
Shares Rise on Developments in Greece
By CHRISTINE HAUSER
After weeks of uncertainty, investors seemed to show some confidence that Greece was moving toward a second bailout, and the Dow Jones industrial average closed with a weekly gain for the first time since April.
Paris Air Show Braces for a Flurry of New Aircraft Orders
By NICOLA CLARK
Airlines are expected to be profitable again this year, and the newest version of Airbus's popular A320 jet is expected to meet strong buyer interest.
One Man's Hunt for a Better 401(k) Plan
By RON LIEBER
Small companies that would like to cut 401(k) costs and improve their investment options should consider one man's pursuit.
Prada Prices Shares at Low End, Raising $2.1 Billion
By BETTINA WASSENER
The nervousness that has shaken global markets this week took its toll on Prada's highly anticipated I.P.O., forcing it to price its shares lower.
Leonard Green and CVC Bid for BJ's Wholesale
By DEALBOOK
The two private equity firms have submitted a joint bid to acquire the retailer for an undisclosed price.
The Republican Leadership Conference: Whose party is it?
Greece's political crisis: A long day
Talk-radio payola: Politics' new cash nexus
The editor's inbox: Letters on the Republican candidates
Audio: A world without nuclear weapons
Daily chart: Waste in American health care
The Difference Engine: Gut feeling
Online debate: 68% of voters say we are in a new tech bubble. What say you?
Weekly Roundup
JUNE 17, 2011
MarketWatch top stories, June 13 - 17
By MarketWatch
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U.S. stocks saw a tumultuous week marked by choppy trading, options expirations, some progress among European nations seeking to prevent a Greek debt default and a mixed round of U.S. economic indicators.
Oh, and some Treasurys hit all-time low yields this week too.
We invite you to get a jump on the coming week with our look-ahead videos for Asia, Europe and the United States.
U.S. Week Ahead: Greek crisis, tech earnings Asia's Week Ahead: Japan trade data Europe's Week Ahead: Paris Air Show takes off Greg Morcroft, assistant managing editor
U.S. banks face $41 billion Greek exposure
As fears stirred by Greece's deepening debt crisis raced through global financial markets, a quick check of U.S. banks showed they risk losses of tens of billions of dollars should the Mediterranean nation default on its payments. U.S. banks had total exposure of $41 billion to Greece by the end of 2010, according to the latest figures, issued June 9, from the Bank for International Settlements. Most of the commitments appear to be indirect. Read MarketWatch story on U.S. bank's exposure to Greek debt.
How to fix America's damaged infrastructure
If America's prosperity depends on its roadways and transportation system, the future looks pretty rough. After more than a decade of declining tax revenue in the United States, highways are crumbling, rail lines are overburdened and airline corridors are congested. Analysts are pessimistic about making progress: There isn't enough money to maintain what the country has right now, much less to get to quality levels that are giving other nations a competitive advantage. Read MarketWatch report on U.S. infrastructure.
Do not give up on stocks quite yet
Things have been bleak on Wall Street lately, and many investors are wondering if they should call it quits. After all, it's been a pretty good run on Wall Street across the last 18 to 24 months. Don't do it. The next leg up for stocks could be even bigger. Read Jeff Reeves's commentary on MarketWatch.
America's most and least expensive housing markets
Niagara Falls, N.Y. is known for its beautiful views and as a popular tourist destination. But here's something you might not have known: It also has the most affordable housing market in the country. Six of the 10 most expensive housing markets in the country are in California, according to Coldwell Banker's annual Home Listing Report. Read MarketWatch report on the most expensive as well as the least expensive U.S. housing markets.
Nokia and Apple bury the the patent hatchet
Nokia Corp. (NOK) said it agreed to settle all patent litigation with Apple Inc. (AAPL), a move that's expected to have a positive impact on the Finnish firm's recently lowered second-quarter outlook. The agreement includes Nokia and Apple withdrawing their complaints to the U.S. International Trade Commission. The deal consists of "a one-time payment payable by Apple and ongoing royalties to be paid by Apple to Nokia for the term of the agreement," Nokia said. Read MarketWatch coverage of Apple-Nokia settlement.
That's right, the women are smarter investors
We men just make bad decisions. We can't help it. We're men. Women, on the other hand, do almost everything better. We've known this intuitively for a long time. If you didn't, just ask your wife or your mother. But now there's a raft of evidence that suggests women are better at everything — including investing. Women were more likely to make money in the market, mostly because they didn't take as many risks. Read David Weidner's column on MarketWatch.
Penney picks the golden Apple executive
J.C. Penney Co. (JCP) shares saw their biggest single-session percentage gain in at least 10 years after the midmarket department-store operator surprised investors with an executive coup, hiring Apple's retail-store chief, Ron Johnson, as its new CEO. Johnson, senior vice president of retail at Apple for the past 11 years, was credited with pushing the iPod and iPhone manufacturer's retail presence to its approximately 323 stores in the United States and abroad. Read MarketWatch coverage of J.P. Penney landing Apple exec.
No Oracle necessary, just place these bets to beat Greek default
You don't exactly need a crystal ball to know what the biggest event in the financial markets of the next 12 months is going to be: Greece defaulting on its debts.This week Standard & Poor's cut its rating on the country to CCC, the lowest of any nation in the world. Only last week we learned that Greek industrial production was down 11% year on year. Here are five trades you should start thinking about given Greece's outlook. Read Matthew Lynn's London Eye column, on MarketWatch.
Investors flee RIM as BlackBerrys go stale
More investors threw in the towel on Research In Motion Ltd. (RIMM) after the company's latest disappointing report, with half a dozen brokers downgrading the stock and more scaling back their price targets. The stock's 24% drop for the week put the shares at a record-low valuation. Even with the stock's potential appeal as a value play, most brokers still voiced concern about RIM's outlook and its core BlackBerry franchise. "Valuation goes out the window when you're losing share and the trends are going against you," said Mark McKechnie of ThinkEquity. "Their longer-term future is in question." Read about RIM's dismal earnings report and share drop on MarketWatch.
Pandora makes dramatic debut with valuation debate
Pandora Media Inc. (P) saw its shares cool following a strong jump earlier on the streaming-music company's IPO. The stock‘s current price would give the company a market value around $3 billion — without the overallotments exercised. Pandora sold 14.68 million shares in the offering. About 6 million of those shares came from the company, representing a total value of about $96 million under the offering price. The remaining 8.68 million shares came from selling shareholders. Read MarketWatch's coverage of the Pandora IPO.
Dow, S&P end up, snap 6-week losing streak NEW YORK (Reuters) - The Dow and S&P 500 rose on Friday after France and Germany outlined an agreement to aid debt-burdened Greece, but analysts said a recent bearish trend may not be over. | Full Article
IMF cuts U.S. growth forecast, warns of crisis June 17, 2011 12:20 PM ET SAO PAULO (Reuters) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits. | Full Article
Mixed data point to wobbly recovery June 17, 2011 03:00 PM ET NEW YORK (Reuters) - Consumer sentiment worsened this month on renewed concerns about the outlook for the economy and as gloom about job and income prospects persisted, data showed on Friday. | Full Article
Nasdaq OMX confirms bid for LCH.Clearnet: media June 17, 2011 11:46 AM ET NEW YORK (Reuters) - Nasdaq OMX Group Inc confirmed on Friday it made a bid for a minority stake in Europe's LCH.Clearnet, according to media reports, as the U.S.-based exchange attempts to secure a piece of the lucrative clearing business. | Full Article
Deadline nears for many U.S-listed Chinese stocks June 17, 2011 04:01 PM ET NEW YORK (Reuters) - More than fifteen Chinese companies whose shares trade in the United States, many of them favored by short-sellers, have yet to file required year-end forms with U.S. regulators and the shares could face more downward pressure as deadlines approach. | Full Article
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