Articles tagged with line
Fri, May 25, 2012
Analysis: China's nine-dashed line in South China Sea
By David Lague
HONG KONG (Reuters) - Alongside an armada of paramilitary patrol vessels and fishing boats, China has fired off a barrage of historical ...
Wed, May 23, 2012
Analysis: Golden age or bubble? Plane-makers walk the line
By Kyle Peterson
CHICAGO (Reuters) - From a chilly perch in Burnsville, Minnesota, Tim Zemanovic has an unusual perspective on the global aircraft market, which ...
Wed, May 23, 2012
Gazprom reviews Shtokman line-up
By Denis Pinchuk and Vladimir Soldatkin
MOSCOW (Reuters) - Russia's Gazprom
Wed, May 23, 2012
Gazprom hints at Shtokman line-up changes
MOSCOW (Reuters) - Russia's Gazprom
Tue, May 22, 2012
Golden age or bubble? Plane-makers walk the line
By Kyle Peterson
CHICAGO (Reuters) - From a chilly perch in Burnsville, Minnesota, Tim Zemanovic has an usual perspective on the global aircraft market, which ...
Tue, May 22, 2012
Jessica Simpson to Launch Maternity Fashion Line
By Margaret Hartmann, Hollywood.com Staff
Jessica Simpson isn't one to pass up a business opportunity, so naturally, the new mom to Maxwell ...
Tue, May 22, 2012
Tom Cruise threatens legal action to keep tabloids in line
From WENN.com
The Mission: Impossible star has successfully sued over allegations about his marriage to Nicole Kidman and his sexuality, but that hasn ...
Tue, May 22, 2012
Analysis: Golden age or bubble? Plane-makers walk the line
By Kyle Peterson
CHICAGO (Reuters) - From a chilly perch in Burnsville, Minnesota, Tim Zemanovic has an usual perspective on the global aircraft market, which ...
Tue, May 22, 2012
New York City to get first major natgas line in 40 years
By Edward McAllister
NEW YORK (Reuters) - The bright lights of New York City may burn a little cleaner next year, when the first major ...
Mon, May 21, 2012
Jessica Simpson to Launch Maternity Fashion Line
By Margaret Hartmann, Hollywood.com Staff
Jessica Simpson isn't one to pass up a business opportunity, so naturally, the new mom to Maxwell ...
Tue, May 15, 2012
Cruise line sued for failing to rescue fishermen
By Tom Brown
MIAMI (Reuters) - Princess Cruises has been hit with a lawsuit accusing it of "outrageous conduct" and "callous disregard for human life ...
Mon, May 14, 2012
Google-backed wind power line clears hurdle
(Reuters) - A planned $5 billion transmission line to send power from wind farms off the East Coast cleared a hurdle, allowing the Google Inc-backed ...
Fri, May 11, 2012
First crude off the reversed Seaway line on offer: trade
HOUSTON (Reuters) - Two 550,000 barrel cargoes of U.S. sweet domestic crude were on offer priced at a 50 cent per barrel discount ...
Wed, May 09, 2012
Obama walks fine line in bashing Romney, courting Wall Street
By Patricia Zengerle
WASHINGTON (Reuters) - For President Barack Obama's re-election team, it's sort of like threading a needle.
While trying to define ...
Mon, May 07, 2012
Exxon partially restarts Louisiana North Line
HOUSTON (Reuters) - ExxonMobil Pipeline Co
Sun, May 06, 2012
VIDEO: 1/2 marathon winners cross finish line at Kalamazoo Marathon
KALAMAZOO (WKZO) Kalamazoo crowned male and female half-marathon champions on a cool May day Sunday. Kalamazoo native Galen Burrell took the men's title ...
Wed, May 02, 2012
Shell plans HoHo pipeline reversal on line in 2013
NEW YORK (Reuters) - Shell Pipeline, a unit of Royal Dutch Shell, said on Wednesday it plans to begin service in 2013 on the reversal ...
Sat, April 28, 2012
Hundreds rally to back hard-line Arizona sheriff
By Tim Gaynor
FOUNTAIN HILLS, Arizona (Reuters) - As many as 200 activists, some chanting "go Joe, go Joe," rallied in Arizona on Saturday to ...
Mon, April 23, 2012
Ted Nugent bumped from concert line-up
FORT KNOX, KENTUCKY (WKZO) -- Ted Nugent has been scratched from the line-up of a concert sponsored by the U.S. Army, following comments made ...
Sat, April 21, 2012
Analysis: Walking fine line, BOJ head warns of risks of easing
By Leika Kihara
WASHINGTON (Reuters) - Bank of Japan Governor Masaaki Shirakawa has been doing his best to keep in check expectations of major new ...
Thu, April 19, 2012
Olympus eyes fresh start, ex-CEO mulls legal threat
By Tim Kelly and Yoko Kubota
TOKYO (Reuters) - Shareholders of Olympus Corp <7733.T> approved a new board on Friday, hoping for a fresh start at ...
Thu, April 19, 2012
With new board, Olympus looks to draw a line under scandal
By Tim Kelly
TOKYO (Reuters) - Peering from a hotel window 50 floors above Japan's bustling capital, Michael Woodford eyes the Olympus Corp building ...
Thu, April 19, 2012
Italy deficit goals in line with EU rules: document
By Francesco Guarascio
ROME (Reuters) - Italy's revised growth and budget targets are consistent with a balanced budget in the medium term and creating ...
Tue, April 17, 2012
Stryker profit in line on stronger hips, knees
By Susan Kelly
(Reuters) - Medical device maker company Stryker Corp reported quarterly earnings on Tuesday that were in line with analysts expectations as sales ...
Tue, April 17, 2012
Aerosmith Drummer Debuts His Own Line of Coffees
Aerosmith 's Joey Kramer has introduced his own brand of organic coffees called, fittingly, Rockin' & Roastin'.
Four blends of the drummer's brew are ...
Wed, April 04, 2012
James Murdoch's BSkyB exit puts Rupert in firing line
By Georgina Prodhan and Kate Holton
(Reuters) - James Murdoch's exit from the chairmanship of BSkyB moves his father Rupert into the firing line ...
Thu, March 22, 2012
Romney rivals draw on "Etch A Sketch" line, toy sales soar
By Michelle Conlin
(Reuters) - Mitt Romney's presidential hopes may have been shaken up when an aide compared his campaign to an "Etch A ...
Wed, March 21, 2012
Ebanks launching her own swimwear line
The Victoria's Secret beauty will release Sass by Selita this autumn (12) as well as an accompanying range of shoes and accessories.
She ...
Sun, March 18, 2012
"Friends" line up for Obamacare Supreme Court challenge
By Terry Baynes
(Reuters) - So many friends. So little love. Such is the state of the amicus, or "friend of the court," briefs that ...
Tue, March 13, 2012
Cruise line chiefs defensive, optimistic after accident
By Jane Sutton
MIAMI (Reuters) - In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall ...
Tue, March 13, 2012
Thorpe's London hopes on line at Adelaide trials
By Ian Ransom
ADELAIDE (Reuters) - Ian Thorpe's hopes of competing at a third Olympic Games are on the line this week at Australia ...
Fri, March 09, 2012
Ericsson jobs on the line in North America
STOCKHOLM (Reuters) - Ericsson
Sun, March 04, 2012
Enbridge U.S. oil line to be shut for four more days
By K.T. Arasu
NEW LENOX, Illinois (Reuters) - Enbridge Inc said on Sunday a key segment of its oil pipeline system in the U ...
Sun, March 04, 2012
San Francisco 49ers stadium deal nears goal line
By Philipp Gollner
SAN FRANCISCO (Reuters) - The San Francisco 49ers' planned move to a new billion-dollar stadium in suburban Santa Clara faces what could ...
Sat, March 03, 2012
IFAB approve goal-line technology and hijab
By Mike Collett
BAGSHOT, England (Reuters) - Goal-line technology was approved in principle by the soccer's lawmakers on Saturday and could be used for ...
Thu, March 01, 2012
Kodak sells online business to Shutterfly
By Sue Zeidler
(Reuters) - Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for $23.8 million, kicking ...
Thu, March 01, 2012
Exclusive: Facebook seeking bigger credit line
By Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit ...
Mon, February 27, 2012
NHL Deadline Day turns into Dud-line day as Nash stays put
By Steve Keating
(Reuters) - The National Hockey League Deadline Day frenzy turned into Dud-line Day as the trade window closed on Monday with only ...
Mon, February 27, 2012
Romney's tough line on immigration jars with some
By Peter Henderson
MESA, Arizona (Reuters) - For years, Nora Castaneda watched her Mormon community grow and grow as it drew converts from a burgeoning ...
Sun, February 26, 2012
Olympus risks foreign backlash with new board line-up
By Tim Kelly and Chris Gallagher
TOKYO (Reuters) - Japan's Olympus Corp proposed a new board of directors on Monday in an effort to ...
Fri, February 24, 2012
G20 to Europe: Show us the money
By Gernot Heller and Glenn Somerville
MEXICO CITY (Reuters) - Leading economies told Europe it must put up extra money to fight its debt crisis ...
Fri, February 10, 2012
VIDEO: KVCC enrolling students in new Line Worker Academy
KALAMAZOO (WKZO) -- For anyone that has a passion for dangling above the ground, playing with electrical wires, or interested in how the lights go ...
Wed, February 08, 2012
House votes to give Obama limited line-item veto
By David Lawder
WASHINGTON (Reuters) - The House of Representatives voted to give President Barack Obama a limited line-item veto authority on Wednesday in a ...
Mon, February 06, 2012
Blurry line in diagnosing early Alzheimer's: study
By Genevra Pittman
NEW YORK (Reuters Health) - The revised definition of a brain condition called mild cognitive impairment means that many people now considered ...
Mon, February 06, 2012
Forgotten Manningham delivers with Super Bowl on the line
By Steve Keating
INDIANAPOLIS (Reuters) - Mario Manningham refused to place his clutch grab among the greatest moments in Super Bowl history, but the forgotten ...
Sat, February 04, 2012
Cancer survivors line up as opponents in Super Bowl
By Simon Evans
INDIANAPOLIS (Reuters) - There can only be one winner in Sunday's Super Bowl but for two opposing players, a bigger battle ...
Sat, February 04, 2012
Hungary seeks 15-20 billion euro IMF/EU credit line: official
BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state ...
Thu, February 02, 2012
Stewart Family Hopes Tip Line, Reward Will Help Find Venus
ST. JOSEPH COUNTY (WKZO) -- The friends and family of Venus Stewart have set up a new telephone tip line for anyone who may have ...
Tue, January 31, 2012
New Spanish government pledges to bring rules into line
MADRID (Reuters) - Spain plans to take "urgent" action to bring its legislation into line with World Anti-Doping Agency (WADA) guidelines, the country's new ...
Mon, January 30, 2012
Philips swings to loss as Europe's economy falters
By Roberta Cowan
AMSTERDAM (Reuters) - Philips swung to a fourth-quarter net loss as government cuts ate into its healthcare equipment business and a slowdown ...
Wed, January 25, 2012
Symantec profit, forecast in line with estimates
(Reuters) - Symantec Corp, the top maker of computer security software, reported a higher quarterly profit and issued an outlook in line with Wall Street ...
Tue, January 24, 2012
Merkel walks fine line on boosting euro firewall
By Luke Baker and Noah Barkin
BRUSSELS/BERLIN (Reuters) - Angela Merkel's conservative allies warned on Tuesday against committing additional German funds to euro ...
Thu, January 12, 2012
Home Depot plans spring hiring in line with 2011
(Reuters) - Home Depot
Sat, January 07, 2012
Parcells, Shields in line for Hall of Fame election
(Reuters) - Former Super Bowl-winning coach Bill Parcells and 12-time Pro Bowl guard Will Shields are among 15 modern-era finalists in the running for election ...
Fri, January 06, 2012
Girl Scouts sell new cookie line to mark centenary
(Reuters) - Girl Scouts ringing in the New Year with their annual cookie campaign will be tempting customers with a tasty new treat honoring the ...
Wed, January 04, 2012
Blackstone reaches megafundraising finish line
By Greg Roumeliotis
NEW YORK (Reuters) - Blackstone Group LP
Thu, December 22, 2011
Anonymous tip line set up in federal probe of Syracuse coach
NEW YORK (Reuters) - Federal prosecutors said on Thursday they have set up an anonymous tip line to bolster their investigation of child sexual abuse ...
Sun, December 18, 2011
Donald staggers to finish line Down Under
By Ian Ransom
MELBOURNE (Reuters) - Luke Donald's hopes of the Australian Masters title to cap his year ended in disappointment on Sunday with ...
Thu, December 08, 2011
House Republicans fall into line on payroll tax
By Donna Smith
WASHINGTON (Reuters) - Republicans in the House of Representatives were falling into line on Thursday behind a bill to extend a payroll ...
Wed, December 07, 2011
Giants and Cowboys have it all on the line
By Simon Evans
MIAMI (Reuters) - The Dallas Cowboys and the New York Giants clash on Sunday as the battle for playoff spots in the ...
Wed, December 07, 2011
Boeing union members line up to vote on contract
By Kyle Peterson
(Reuters) - Members of Boeing Co's biggest labor union began voting on Wednesday on a four-year contract extension, which if ratified ...
Tue, December 06, 2011
Samsung plans flash chip line in China
By Hyunjoo Jin
SEOUL (Reuters) - Samsung Electronics said on Tuesday it plans to build a flash memory chip plant in China, seen costing some ...
Tue, November 22, 2011
Libyan tribes protest at new government line-up
By Christian Lowe and Francois Murphy
TRIPOLI (Reuters) - Some of Libya's clans said on Wednesday they would not recognize the government, a day ...
Tue, November 22, 2011
Many above poverty line struggle to make ends meet
WASHINGTON (Reuters) - Nearly half of all Americans lack economic security, meaning they live above the federal poverty threshold but still do not have enough ...
Tue, November 22, 2011
Many above poverty line struggle to make ends meet
WASHINGTON (Reuters) - Nearly half of all Americans lack economic security, meaning they live above the federal poverty threshold but still do not have enough ...
Wed, November 16, 2011
Canada pipeline firms sprint to end U.S. oil glut
By Anna Driver and Scott Haggett
HOUSTON/CALGARY (Reuters) - Enbridge Inc and TransCanada Corp have raced forward with new pipeline plans in the fierce ...
Wed, November 02, 2011
U.S. tries "hip hop" diplomacy in Pakistan
By Chris Allbritton
ISLAMABAD (Reuters) - Considered by many Pakistanis to be public enemy number one, the United States on Monday turned to the musical ...
Fri, October 28, 2011
Dragon Tattoo designer creates Lisbeth Salander line for H&M
Summerville created actress Rooney Mara's wardrobe for David Fincher's much-anticipated new film and now her designs are being made available for fans ...
Thu, October 13, 2011
Sony Ericsson shifts to smartphones amid Sony buyout talk
By Simon Johnson
STOCKHOLM (Reuters) - Mobile phone maker Sony Ericsson will focus entirely on the booming smartphone market, going head to head with rivals ...
Tue, October 11, 2011
Slovak euro fund vote hits snag, seen passing soon
By Michael Winfrey and Martin Santa
BRATISLAVA (Reuters) - A Slovak ruling party said it would abstain on Tuesday from a vote on expanding the ...
Mon, October 10, 2011
Best, Defensive Line Shine as Lions Improve to 5-0 on Monday Night Football
DETROIT, MI (WKZO) -- In case you hadn't heard, the Detroit Lions aren't supposed to be 5-0. The Lions are generally the worst ...
Mon, October 10, 2011
Slovak PM to put government on line ahead of EFSF vote
By Michael Winfrey and Martin Santa
BRATISLAVA (Reuters) - Slovak Prime Minister Iveta Radicova will put the future of her government on the line on ...
Mon, September 26, 2011
Repairs to NY train line post-Irene to cost $50 million
NEW YORK (Reuters) - Massive repairs to one of the New York train lines worst hit by storm Irene last month will cost $50 million ...
Wed, September 21, 2011
Samsung starts new chip line to boost flash memory
By Miyoung Kim
SEOUL (Reuters) - Samsung Electronics, the world's No.1 memory chip maker, said it started mass production at a new $10 ...
Tue, September 20, 2011
UAW shifts focus to Chrysler and Marchionne
By Bernie Woodall
DETROIT (Reuters) - With a tentative agreement with General Motors Co
Mon, September 19, 2011
GM labor deal creates jobs, holds line on costs
By Bernie Woodall and David Bailey
DETROIT (Reuters) - A tentative contract between General Motors Co
Mon, September 19, 2011
UBS CEO Gruebel in firing line over rogue loss
By Emma Thomasson
ZURICH (Reuters) - The rogue trade disaster at UBS
Mon, September 12, 2011
Hudson creates jewellery line with best pal
The blonde beauty and new mum collaborated with longtime friend Laurie Lynn Stark, who owns Los Angeles-based jewellery brand Chrome Hearts, on a new ...
Mon, September 12, 2011
Von Teese creates nail line
Von Teese recently partnered with beauty company Kiss to launch an entire collection of half-moon shaped nails, a trend which the star has revived ...
Sun, September 11, 2011
Hudson creates jewellery line with best pal
The blonde beauty and new mum collaborated with longtime friend Laurie Lynn Stark, who owns Los Angeles-based jewellery brand Chrome Hearts, on a new ...
Sun, September 11, 2011
Von Teese creates nail line
Von Teese recently partnered with beauty company Kiss to launch an entire collection of half-moon shaped nails, a trend which the star has revived ...
Sat, September 10, 2011
Hudson creates jewellery line with best pal
The blonde beauty and new mum collaborated with longtime friend Laurie Lynn Stark, who owns Los Angeles-based jewellery brand Chrome Hearts, on a new ...
Sat, September 10, 2011
Von Teese creates nail line
Von Teese recently partnered with beauty company Kiss to launch an entire collection of half-moon shaped nails, a trend which the star has revived ...
Fri, September 09, 2011
Von Teese creates nail line
Von Teese recently partnered with beauty company Kiss to launch an entire collection of half-moon shaped nails, a trend which the star has revived ...
Tue, September 06, 2011
Wahlberg eyes clothing line
The Departed star and his brothers Donnie and Paul recently announced plans to open a burger diner - called Wahlburgers - in their native Boston, Massachusetts ...
Tue, September 06, 2011
Swiss draw line in the sand to cap runaway franc
By Emma Thomasson and Catherine Bosley
ZURICH (Reuters) - The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the ...
Mon, September 05, 2011
Wahlberg eyes clothing line
The Departed star and his brothers Donnie and Paul recently announced plans to open a burger diner - called Wahlburgers - in their native Boston, Massachusetts ...
Sun, September 04, 2011
Wahlberg eyes clothing line
The Departed star and his brothers Donnie and Paul recently announced plans to open a burger diner - called Wahlburgers - in their native Boston, Massachusetts ...
Sat, September 03, 2011
Wahlberg eyes clothing line
The Departed star and his brothers Donnie and Paul recently announced plans to open a burger diner - called Wahlburgers - in their native Boston, Massachusetts ...
Fri, September 02, 2011
Wahlberg eyes clothing line
The Departed star and his brothers Donnie and Paul recently announced plans to open a burger diner - called Wahlburgers - in their native Boston, Massachusetts ...
Fri, September 02, 2011
Keaton launches home line
The Annie Hall star, 65, has a keen eye for interior design and home decoration and she plans to use her unique style as ...
Tue, August 30, 2011
Amtrak to restore Washington-Boston service
WASHINGTON (Reuters) - Amtrak has completed cleanup and repairs from Hurricane Irene and plans to restore most service for its primary trains in the Northeast ...
Wed, August 24, 2011
WPP cautious on 2012 after emerging markets help 2011
By Kate Holton
LONDON (Reuters) - WPP
Fri, August 19, 2011
Lutz channels his own style for clothing line
The actor has teamed up with fashion firm Dylan George to co-create sub-brand Abbot & Main with label founder Daniel Guez.
Lutz helped create the ...
Thu, August 18, 2011
Lutz channels his own style for clothing line
The actor has teamed up with fashion firm Dylan George to co-create sub-brand Abbot & Main with label founder Daniel Guez.
Lutz helped create the ...
Thu, August 11, 2011
Djokovic still human but game is out of this world
By Steve Keating
MONTREAL (Reuters) - Novak Djokovic has been out of this world this season but the world number one says he is still ...
Thu, August 11, 2011
Judge rules bus line wrong to deny atheist ads
By Suzi Parker
LITTLE ROCK, Ark (Reuters) - A federal judge ruled on Thursday that the free speech of a coalition of atheists had been ...
Thu, August 11, 2011
Zynga revises accounting practices; has credit line
NEW YORK (Reuters) - Zynga Inc, developer of popular Facebook games such as Farmville, said it is changing how it measures the average playing time ...
Thu, August 11, 2011
Lions boost offensive line with signing
ALLEN PARK, MI (WKZO) - The Lions make a move on the offensive line Wednesday, as the team signed offensive lineman Rudy Niswanger to a ...
Wed, August 10, 2011
Rupert Murdoch endorses Carey as next in line
By Yinka Adegoke
NEW YORK (Reuters) - Rupert Murdoch acknowledged for the first time publicly that his son James is not the preferred choice to ...
Wed, August 10, 2011
Amy Winehouse's Family Approves Fashion Line
Just because Amy Winehouse has passed away doesn't mean she can't live on through her music -- and her fashion line. Last month ...
Tue, August 09, 2011
Amy Winehouse's Family Approves Fashion Line
Just because Amy Winehouse has passed away doesn't mean she can't live on through her music -- and her fashion line. Last month ...
Fri, August 05, 2011
'Jersey Shore's' The Situation Lands His Own Tuxedo Line
Here's the situation -- when we think of our lovable, ab-obsessed Jersey Shore star, Mike 'The Situation' Sorrentino, the words classy and formal don ...
Thu, August 04, 2011
'Jersey Shore's' The Situation Lands His Own Tuxedo Line
Here's the situation -- when we think of our lovable, ab-obsessed Jersey Shore star, Mike 'The Situation' Sorrentino, the words classy and formal don ...
Tue, August 02, 2011
Sotheby's locks out unionized art handlers, sparks picket line
By Ray Sanchez
NEW YORK (Reuters) - Unionized art handlers and fellow Teamsters picketed outside Sotheby's on Tuesday after the auction house locked the ...
Mon, August 01, 2011
Beckham launching new men's clothing line
Former Spice Girls star Victoria has concentrated on her design career since turning her back on music, launching her own DVB brand.
And now ...
Sat, July 30, 2011
Beckham launching new men's clothing line
Former Spice Girls star Victoria has concentrated on her design career since turning her back on music, launching her own DVB brand.
And now ...
Fri, July 29, 2011
Beckham launching new men's clothing line
Former Spice Girls star Victoria has concentrated on her design career since turning her back on music, launching her own DVB brand.
And now ...
Wed, July 27, 2011
Fund managers line up defensive options
By Christopher Vellacott and Sinead Cruise
LONDON (Reuters) - Fund managers are weighing up their defensive investment options as a litany of poor economic indicators ...
Wed, July 27, 2011
Analysis: Obama's leadership image on the line in debt saga
By Caren Bohan
WASHINGTON (Reuters) - President Barack Obama's credibility as a leader hangs in the balance along with America's gold-plated credit rating ...
Fri, July 22, 2011
Solid Volvo Q2 report lifts shares 5 percent
By Patrick Lannin
STOCKHOLM (Reuters) - Good demand for Volvo's
Wed, July 20, 2011
Emmett Township Woman Killed by Downed Power Line
EMMETT (WKZO) -- A 49-year-old woman is dead after being electrocuted Tuesday night in Emmett Township where she stepped on a power line. The victim ...
Sun, July 17, 2011
Misrata youth goes from Playstation to front line
By Nick Carey
DAFNIYA, Libya (Reuters) - When the war in Libya started, many young men now on the rebel front line at Misrata were ...
Wed, July 13, 2011
NWS: Storm Damage Caused by Straight Line Winds
UNDATED (WKZO) -- The National Weather Service storm assessment team from Grand Rapids hit the road to look at Monday’s storm damage, which was ...
Wed, June 22, 2011
Mud rivals music at Glastonbury festival
By Mike Collett-White
PILTON, England (Reuters) - Mud matched the music as the abiding memory at this year's Glastonbury festival, where U2, Coldplay and ...
Tue, June 21, 2011
Thomas in line for another prize at NHL annual awards
LAS VEGAS (Reuters) - Boston Bruins goaltender Tim Thomas could pick up his second major honor in a week when the National Hockey League's ...
Sat, June 18, 2011
Line drawn in U.S. stocks' battle
By Edward Krudy
NEW YORK (Reuters) - The S&P 500's 200-day moving average marks the line in the sand as the bulls and the bears fight over the U.S. stock market's direction. It will face one of its stiffest tests this week with Greece's debt crisis appearing to reach a climax.
After setting its closing high for the year on April 29, the Standard & Poor's 500 Index <.SPX> has lost about 7 percent. Wall Street typically defines a drop of 10 percent or more from a recent peak as a correction.
The benchmark S&P 500 hit its lowest point right on its 200-day moving average in volatile trading on Thursday. The index then rallied 1 percent from that session low to close on Friday at 1,271.50. It also scored its first weekly gain in the last seven weeks.
At Friday's close, the S&P 500's 200-day moving average was around 1,259. If the level holds, it could be a springboard for stocks to rally.
"We seemed to have bounced off that level of concern that people were watching," said David Joy, chief market strategist at Ameriprise Financial, where he helps oversee $571 billion in assets. "At least for now, that is a little bit of evidence that these problems are solvable and markets could move higher."
The Nasdaq, which often leads market moves, has not fared so well, and that is a worry to investors. It has closed below its 200-day moving average and it kept falling on Friday when other indexes stabilized. It ended the week down 1 percent. From its 2011 closing high on April 29, the Nasdaq <.IXIC> has slid nearly 9 percent -- getting close to a correction.
Bond markets remain anxious about a Greek default.
Most economists are overwhelmingly skeptical that Greece can ever repay its mountain of debt, which has reached 340 billion euros -- or 150 percent of the country's annual economic output.
Reuters' calculations using five-year credit default swap prices from Markit show an 81 percent probability of Greece eventually defaulting, based on a 40 percent recovery rate.
SOME SAY IT'S TIME TO BUY
But for now, it seems stock investors are sanguine. They believe the European Union will rescue Greece without major disruption to markets and are using the drop in equity prices as a buying opportunity.
Bob Doll, chief equity strategist at BlackRock, says he has been using the pullback to reduce his underweight in cyclical stocks such as a Alcoa Inc
He has also been cutting his overweight in defensive areas such as healthcare, trimming positions in stocks like United Health
Doll believes the S&P 500 will rally to 1,350 by the end of the year.
"We're going to find Band-Aids and we're going to muddle through these credit problems," Doll said. "The consequences of not following that route could be pretty dire, and I think the interested vested parties are going to step up."
BlackRock is one of the world's largest money managers with $1.56 trillion in equity assets under management. Doll is also lead portfolio manager of BlackRock's Large Cap Series Funds and advises on $317 billion that is actively managed.
TUNING IN TO THE FED
A slew of data showing the United States is on the verge of a slowdown has already done its damage to the market. After the heavy selling of the past several weeks, it seems investors are taking a wait-and-see approach -- for now.
Joy is waiting until after the summer before making big moves.
"There is so much uncertainty that it is probably not wise to make big long bets, but I think that opportunity may well arise toward Labor Day," he said.
In the meantime, any sign that fears may have been overblown could spur a rally. The final reading on first-quarter U.S. gross domestic product, due on Friday, is forecast at a 1.9 percent annual growth rate, a Reuters poll of economists showed. That's slightly above previous estimates. But investors will be on the lookout for a surprise.
"People are not expecting a lot from GDP so should it come a little better than expected, you could see a pretty decent rally," said King Lip, chief investment officer of Baker Avenue Asset Management in San Francisco.
Some analysts attribute much of the market's turmoil to the end of the Federal Reserve's asset-purchase program, known as quantitative easing, or QE2. That will come to a close at the end of the month.
Investors will be looking to Chairman Ben Bernanke to reassure markets after the Fed's two-day meeting ends on Wednesday.
"What investors are really looking for is not a QE3 but a QE2.5, where (the Fed) continues to reinvest the coupons they get from the bonds they purchased," Lip said. "If that's the case, investors will look well on that."
The CBOE Volatility Index <.VIX> or VIX, a gauge of investor anxiety, spiked during the week, but it is still at relatively depressed levels. That could be a sign investors are still too complacent about the risks ahead.
"If the economy is slowing as much as people are thinking, should there be more risk to second-quarter earnings? That's a real question we have to ask," Doll said. "There is risk of complacency -- no question."
(Reporting by Edward Krudy; Additional reporting by Angela Moon and Rodrigo Campos; Editing by Jan Paschal)
Mon, June 06, 2011
Japanese retirees ready to risk Fukushima front line
By Kevin Krolicki
TOKYO (Reuters) - At age 72, Yasuteru Yamada believes he has a few more good years ahead.
But not so many that ...
Sun, June 05, 2011
Fine line between slowdown and stall
By Emily Kaiser
SINGAPORE (Reuters) - The world economy appears headed for several months of sub-par growth, and there is no clear source of strength ...
Wed, June 01, 2011
Same-sex couples line up for Illinois civil union licenses
By Mary Wisniewski
CHICAGO (Reuters) - More than 100 same-sex couples lined up outside of a Chicago municipal building Wednesday morning to obtain licenses for ...
Wed, June 01, 2011
Mom opens free chow line at Joplin's temporary tent hospital
JOPLIN, Mo (Reuters) - The tent hospital erected to replace the medical center destroyed by the tornado that tore through here on May 22 is ...
Recent Comments