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CompareCC News Archive Listing for Stocks and Investing during 2007-03-30.
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FTSE edges lower as Iran fears offset M&A
 
FT.com - The FTSE 100 edged lower in opening trade on Friday as concerns over mounting tensions between Britain and Iran offset gains for Alliance Boots and Kingfisher on M&A activity.
Major hedge fund to spin off brokerage unit
 
AFP - Man Group, the world's biggest listed hedge fund, announced Friday plans to demerge its brokerage unit, Man Financial, and list it on the New York Stock Exchange, as it forecast in-line annual profits.
European stocks drop amid high oil prices, takeover news
 
AFP - Europe's main stock markets mostly fell in late morning trade as oil prices remained high and amid fresh takeover announcements, dealers said Friday.
Earnings Miss Dents CarMax
 
BusinessWeek Online - CarMax managed to grow its profits during recent months, but disappointed investors sold the used car retailer s stock on Mar. 29 nonetheless.
Indexes open flat, sentiment data eyed
 
Reuters - Stocks opened little changed on Friday before data on consumer sentiment. Earlier, stock futures rose on a report showing stronger-than-expected growth in personal incomes and spending last month.
Dow, Nasdaq post gains in early trading
 
AP - Stocks opened slightly higher Friday, the last trading day of the first quarter, as investors were encouraged by a report showing consumers spent more as their incomes rose in February but wary about data indicating that core inflation rose that month at the fastest rate since August.
Indexes drop as U.S. slaps duties on China
 
Reuters - Stocks fell on Friday, the final day of a turbulent quarter, as the Commerce Department said it was slapping duties on imports of coated paper from China, raising concerns that Beijing may retaliate and the dispute could hurt U.S. exporters.
Global Overview: Geopolitical concerns keep markets on edge
 
FT.com - World stock markets retreated this week against a backdrop of rising oil prices and fresh uncertainty about the outlook for US growth, inflation and interest rates.
Stocks slip on inflation, trade issues
 
AP - Wall Street retreated Friday, the last trading day of a turbulent first quarter, with investors displaying nervousness on news of U.S. economic sanctions against China and rising inflation.
Man Group plans brokerage unit IPO
 
AP - Man Group PLC, the world's largest publicly traded hedge fund company, said Friday it plans to split off its brokerage business, making it an independent company through an initial public offering on the New York Stock Exchange.
Wall St up on strong economic data
 
FT.com - Wall Street stocks were slightly higher on Friday as investors welcomed data showing an unexpectedly sharp rise in consumer spending and a strong corn planting forecast.
Indexes up as Wall Street cuts losses
 
Reuters - Stock indexes retraced losses in afternoon trade on Friday as investors squared-up their portfolios for the quarter's end, while a pullback in crude prices offset news that the U.S. had slapped duties on imports of coated paper from China.
Wall Street's major indexes
 
AP - Stocks finished a volatile session mixed on Friday as investors remained nervous about rising inflation and dollar weakness. They also gleaned some hope from data showing resilient consumer spending and steady economic growth. The Dow Jones industrials finished the session 5 points higher, but closed the first quarter down about 108 points.

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