Daily News Channel
The complex field of health-care information may soon be a little more streamlined. On Tuesday, Chicago-based electronic medical records provider Allscripts announced it has agreed to merge with British rival Misys PLC in a cash-and-stocks deal worth more than $1 billion
FROM its inception, the stock market was meant to be a place where businessmen could raise capital by selling shares in their enterprises, and where investors could turn a profit when those enterprises prospered.
The incredible bull market in stocks has produced billions in profits for investors over the past 4 1/2 years — and millions in losses for those caught in the market’s occasional steep downswings.
Jim Rogers’ daughters may not have been born with silver spoons in their mouths, but they’ve got them now. Not silver spoons, exactly, but silver bullion.
Boris Worm, a marine biologist at Dalhousie University in Canada, made a startling prediction in the pages of Science in 2006: if overfishing continued at then-current rates, he said, the world would essentially run out of seafood by 2048. Worm’s bold analysis whipped up controversy in the usually pacific world of marine science — one colleague, Ray Hilborn of the University of Washington, called the Science study “mindbogglingly stupid.” But Worm held fast to his predictions: that the oceans had limits, and that marine species were declining so fast that they would eventually disappear.
Financial stocks — banks, brokers, asset managers — led the stock market down earlier this year, and almost left the stage as many shares sank into single digits. In recent weeks, however, the group has reversed course, rallying strongly, and even led the market to a robust gain on Monday, with the Dow rising 235 points.
‘Mixed’ is a word that pops up often in financial research reports these days. The measures that give us hints about which way the economy and markets are headed‹everything from the number of people out of work to how difficult it is for companies to fund themselves are pointing in every which direction. As a new Bank of America-Merrill Lynch report puts it: ‘The [stock market] indicators are fairly evenly divided between positive and negative readings.’ That’s not too helpful.
Wall Street’s number crunchers are happy. Stock technicians, who use mathematical formulas as well as charts and historical data to figure out where share prices are headed, believe the market’s rally that started in early March, and has pushed stocks up 36% in less than two months, is here to stay. They say stocks will rise another 10%, before the market stalls.
A triple-digit rally on Wall Street pushed global markets solidly into positive territory on Tuesday.
Slouching alone at the head table before a room of business reporters, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board after violating the honors code. It wasn’t what he said, but his demeanor as he said it. Cautious, gazing out, he seemed to be shrinking from the room