AP - Stocks closed broadly lower Monday in the final trading session before first-quarter earnings season gets under way. Traders are concerned about the effect of higher oil and food costs on corporate margins. After the market closed Alcoa Inc. reported earnings that came in below expectations. Stocks turned lower in the afternoon after the International Monetary Fund said higher gas prices could slow the pace of the U.S. economy.
Business
Oil prices slide on recovery fears (AFP)
AFP - Oil prices tumbled from two-year highs Monday in New York as traders fretted about the impact of recent price rises on the weak US economic recovery.
Alcoa Inc. turns 1Q profit on stronger sales (AP)
AP - Alcoa Inc. kicks off the earnings season by posting a first-quarter profit on higher aluminum prices and improved sales, partially offset by a weaker dollar and higher energy and raw materials costs.
Why Aren't Banks Justified in Boosting Dividend Payouts? (The Motley Fool)
The Motley Fool - With the Federal Reserve finally giving its consent for big banks to increase dividend payments, everyone is heaving a sigh of relief well, almost everyone.
Fed to stick with low rates, despite oil price rise (Reuters)
Reuters - Two of the Federal Reserve's most powerful officials said on Monday the U.S. central bank should stick to its super-easy monetary policy, arguing inflation is not a threat and unemployment remains too high.
How to Save for Retirement on a Low Income (U.S. News & World Report)
U.S. News & World Report - Saving for retirement is especially difficult for workers with small salaries. Many low-income workers don't have access to a retirement account at work and simply have less money to build a nest egg after paying their monthly bills. Here are some strategies to save for the future on a small wage:
US stocks rise as earnings season gets underway (AFP)
AFP - US stocks climbed Monday as investors geared up for the start of the corporate earnings season and a week packed with economic reports.
D.Boerse has no plans to raise NYSE offer: sources (Reuters)
Reuters - Deutsche Boerse (DB1Gn.DE) has no plans to raise its offer for NYSE Euronext , two people familiar with the company's thinking said on Monday.
European markets steady, but gold hits new record peak (AFP)
AFP - Europe's main stock markets and the euro steadied on Monday, as traders tracked the latest news over a possible EU-IMF bailout for Portugal, but safe-haven gold hit another record pinnacle.
Page 171 of 383