BOSTON (MarketWatch) -- Drug stocks started the week out in positive territory Monday morning while shares of tiny biotech group Adventrx plunged on disappointing Phase II clinical data for its colorectal cancer drug candidate ANX-510.
NEW YORK (MarketWatch) -- Citigroup Inc said Monday it expects third-quarter profit to fall 60% from last year after huge write-downs for unsold debt it issued to finance corporate takeovers and for big losses on the value of subprime mortgage-backed securities.
SAN FRANCISCO (MarketWatch) -- The dollar firmed against the euro and the yen in early trading Monday as stocks rallied, despite the release of data show conditions deteriorated in the U.S. manufacturing sector in September.
NEW YORK (MarketWatch) -- Retail stocks rose in Monday morning trading, led by strength in Home Depot Inc. and Tiffany &Co., even as Walgreens tumbled after its earnings report.
NEW YORK (MarketWatch) -- U.S. stocks on Monday traded higher, with cheer over Wall Street's third-quarter performance dampened only slightly by bearish news including a steep drop in profit forecast by blue chip Citigroup, the nation's largest financial services firm.
NEW YORK (MarketWatch) -- Treasurys rose on Monday, sending yields lower, after a report showed conditions in the manufacturing sector were slightly worse than expected in September.
LONDON (MarketWatch) -- Mortgage lender Northern Rock weakened again in London on Monday, as the bank shed more of its value amid continued speculation about its future.
NEW YORK (MarketWatch) -- Crude-oil futures dropped Monday, extending their sharp losses from the previous session, with reformulated-gasoline and heating-oil futures also declining.
LONDON (MarketWatch) -- UBS will take a net third-quarter write-down of around 4 billion Swiss francs ($3.4 billion) tied to its subprime mortgage exposure and plans sweeping management changes and job cuts in its investment-banking division, the Swiss banking giant said Monday.
LONDON (MarketWatch) -- European markets moved higher on the first trading day of the fourth quarter, as gains from automakers and miners offset some deal-related losses from mobile phone giant Nokia and a slightly weaker banking sector.
