A look back at memorable days on Wall Street

2012 had its fair share of big days on the stock market. Here's a look back at what set off the biggest moves in the Dow Jones industrial average.The Biggest Drops:— Nov. 7: Down 313 points. On the day after the presidential election, investors worried that a divided government wouldn't reach deal on the budget in time to avoid across-the-board government spending cuts and tax increases Jan. 1.— June...

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Stocks shoot up as investors bet on 'cliff' deal

 The stock market shot higher on Monday even as the "fiscal cliff" neared. By the time trading ended, Republicans and Democrats still hadn't reached a budget compromise — but investors were betting that they would.It was a dramatic day on what turned out to be a strong year for stocks. The Standard & Poor's 500 index rose 13.4 percent for the year, after finishing flat in 2011. It was the...

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A surprisingly good vintage as market logs gains

 If you'd told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth — and asked how the stock market would perform, few would have predicted a good year.But that's just what they got.The Dow Jones industrial average, the Standard & Poor's...

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Housing and jobs key to lifting S&P toward record

It may be a big if, but assuming Washington lawmakers can get past the "fiscal cliff," many analysts say that the outlook for stocks next year is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.An advance of 10 percent in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October...

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Five Best Thursday Columns

Jonathan Cohn in The New Republic on Starbucks In hopes of inspiring latte-sipping lawmakers to reach a deal on the fiscal cliff, yesterday Starbucks started writing "come together" on every cup it sells in the DC area. Cute effort, right? More like misguided, argues Jonathan Cohn. He thinks the issue isn't about two warring parties reconciling—it's about convincing the Republicans...

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Why Apple's First American-Made Mac Minis Wouldn't Create Jobs

If the latest rumors are true, Apple's made-in-America shift will be an extremely experimental, low-cost operation — and if you look at the supply chain, that may point to more of a symbolic gesture than a genuine engine of job creation. The whispers, which have increasingly better sourcing, now say the tech giant will move its Mac Mini production line from China's Foxconn to the the U.S., possibly...

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Survey finds increase in e-reading, drop in paper

The tastes of the reading public are turning digital.A Pew Internet Research Center survey released Thursday found that the percentage of Americans aged 16 and older who read an e-book grew from 16 percent in 2011 to 23 percent this year. Readers of traditional books dropped from 72 percent to 67 percent. Overall, those reading books of any kind dropped from 78 percent to 75 percent, a shift Pew called...

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New purported BlackBerry Z10 specs emerge: 1.5GHz processor, 2GB RAM, 8MP camera

Another week, another batch of purported leaks for Research In Motion’s (RIMM) first BlackBerry 10-powered Z10. BBin claims to have most of the Z10′s final specs confirmed and it is shaping up to be a powerful device. Rumored specs for the Z10 include a TI OMAP 4470 1.5GHz dual-core processor (Qualcomm Snapdragon MSM8960 for the U.S. and Canada), a 4.2-inch display (1,280 x 768 resolution), quad-band...

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Instagram gains users in December despite recent uproar as Zynga gets pecked to death by rivals

Zynga (ZNGA), the Facebook (FB) app behemoth, still reigns supreme on its most important platform. But the erosion of its dominant position continues as smaller rivals keep chipping away at its market share. On December 26, Zynga-owned Facebook applications had 267 million Monthly Active Users, down 20 million in two weeks. Far behind it followed Microsoft (MSFT) with 70 million MAU, King.com with...

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TEXT-S&P summary: Bharti Airtel Ltd.

We assess Bharti's financial risk profile as "significant" because of thecompany's high debt. For the six months ended Sept. 30, 2012, Bharti'sdebt-to-capital ratio remained high at about 61.6%, and its ratios ofannualized funds from operations (FFO) to total debt and debt to EBITDA wereat 23% and 3.5x, respectively. The company's financial ratios were marginallyweaker than in the previous year. This...

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