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| US stocks rebound, Facebook shares dive [Tribune] | | 21 May, 2012 |
NEW YORK: US stocks rebounded Monday from their worst week of the year after G8 leaders voiced support for debt-stricken Greece to remain in the eurozone and economic growth efforts.
In the first 45 minutes of trade, the Dow Jones Industrial Average was up 48.78 points, or 0.39%, to 12,418.16.
The S&P 500-stock index climbed 6.04 (0.47%) to 1,301.26, while the tech-rich Nasdaq added 14.70 (0.53%) at 2,793.49.
Wall Street stocks were “supported by | | Detail |
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Makhdoom Amin Fahim stresses early operationalization of Pak-Turkey PTA
[Business Recorder] 21 May, 2012
ISLAMABAD: Senior Minister for Commerce Makhdoom Amin Fahim here on Monday stressed the need for early operationalization of Pak-Turkey Preferential T ...
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TCP awards tender for import of 100,000 MT urea
[Business Recorder] 21 May, 2012
KARACHI: Trading Corporation of Pakistan (TCP), in response to its international tender floated on April 18, has awarded import contract for a quantit ...
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Dr. Khalil Chishti calls on Governor Sindh
[Business Recorder] 21 May, 2012
KARACHI: Virologist Dr. Muhammad Khalil Chishti who returned recently after spending 20 years in jail in India, called on Sindh Governor, Dr. Ishrat u ...
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National Economic Council to meet on May 24
[Business Recorder] 21 May, 2012
ISLAMABAD: The National Economic Council (NEC) is scheduled to meet here on May 24 (Thursday) to consider and approve Rs.825.2 billion Public Sector D ...
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WHO to declare global polio emergency
[Business Recorder] 21 May, 2012
ISLAMABAD: The World Health Organisation (WHO) is expected this week to declare polio a global health emergency as it battles complacency in an attemp ...
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JUI-F Chief meets Rehman Malik
[Business Recorder] 21 May, 2012
ISLAMABAD: Chief of Jamiat-e-Ulema Islam (JUI-F), Maulana Fazl-ur-Rehman met with Minister for Interior, Rehman Malik here on Monday and discussed mat ...
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Nasdaq, S&P 500 gain 1 percent
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Stocks rose on Monday, with the Nasdaq and the S&P 500 up 1 percent as markets recovered from their worst weekly decline for ...
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Opposition boycotts PM dinner for Erdogan
[Business Recorder] 21 May, 2012
ISLAMABAD: Opposition party said Monday it would boycott a banquet being hosted by the prime minister for Turkey's premier, as a protest against ...
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Wall Street edges up but Facebook's decline weighs
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Stocks edged up on Monday from their worst weekly decline for the year as world leaders expressed support for Greece to stay in t ...
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Eaton to buy Cooper Industries for $11.8 billion
[Reuters] 21 May, 2012
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries for $11.8 billion in ca ...
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Wall Street rises at open after worst week of year
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Wall Street edged higher at the open on Monday, rebounding from its worst weekly decline for the year, on assurances that world p ...
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NATO vows continuing to work with Pakistan on supply routes reopening
[Business Recorder] 21 May, 2012
CHICAGO: The North Atlantic Council has said the countries in the region, particularly Pakistan, have important roles in ensuring enduring peace, stab ...
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Nasdaq alters IPO procedures after Facebook glitch
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook ...
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Stock futures signal rebound, G8 assures investors
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world power ...
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6.8m families declared eligible through PSS
[Business Recorder] 21 May, 2012
ISLAMABAD: More than 6.8 million families have been declared eligible through Poverty Scorecard Survey under Benazir Bhutto Income Support Programme(B ...
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PASSCO procures 730,000 tons wheat
[Business Recorder] 21 May, 2012
ISLAMABAD: Pakistan Agriculture Storage and Services Corporation (PASSCO) has so far procured about 730,000 tons of wheat during its procurement campa ...
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Stock futures higher as G8 wants Greece in euro
[Reuters] 21 May, 2012
NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world power ...
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SBP injects Rs 27.450bn
[Business Recorder] 21 May, 2012
KARACHI: State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 27.450 billi ...
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