Posts Tagged ‘Source Business’
Prosecutors want Madoff jailed
Wednesday, January 7, 2009 3:14 No CommentsU.S. prosecutors sought to revoke bail and put accussed Wall Street swindler Bernard Madoff in jail after he allegedly mailed $1 million in items. A magistrate judge is expected to rule on the motion later this week. Some lawyers say the prosecution hopes the threat of jail will convince Madoff to cooperate with their investigation [...]
Business Update: Stimulus hopes rise
Wednesday, January 7, 2009 3:14 No CommentsWall Street hopes for an economic stimulus package out of Washington rose on Tuesday as a new Congress gets to work. The Dow jumped 62 points to 9,015. The S&P 500 gained 7 points to 934. The Nasdaq climbed 24 points to 1,652. Conway Gittens reports from New York.
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Jan. 6: Stocks finish higher on Fed minutes
Wednesday, January 7, 2009 3:14 No CommentsWall Street brushed off more bad economic news Tuesday and finished with a rally that left the Standard and Poor’s 500 index at its highest level in two months. (Jan. 6)
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Oil Prices Rise Above $50, Then Fall
Wednesday, January 7, 2009 3:14 No Comments01/06/09 Continued unrest in the Middle East once again led to a boost in crude prices earlier in the day, but the release of further poor US economic managed to halt the crude rally and sent oil prices back down at the end of the day.
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Korea’s "Green" Attempt to Create 100,000 New Jobs
Wednesday, January 7, 2009 3:14 No Comments01/06/09 Korean Prime Minister Han Seung-soo officially introduced the nation’s Green New Deal Job Creation Plan today which hopes to eventually create some 100,000 new jobs and boost a slumping economy.
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Billionaire Merckle suicide
Wednesday, January 7, 2009 3:14 No CommentsOfficials say German entrepreneur Adolf Merckle left a goodbye note to his family before he was hit by a train Relatives of the 74-year-old say the global financial turmoil and battle to salvage his own business empire had taken their toll on him over the past few weeks.
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Your Money: Low-cost flights have returned
Wednesday, January 7, 2009 3:14 No CommentsA wave of fare sales has spread across the airline industry as the weak economy continues to put pressure on carriers to fill seats. AP Personal Finance Editor Trevor Delaney explains. (Jan. 6)
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Markets Volatile as Oil prices Fluctuate
Wednesday, January 7, 2009 3:14 No Comments01/06/09 US markets are volatile, with the DOW dipping into negative territory before rebounding slightly, as oil prices fall from $50 to $48 in morning trading.
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Money Minute: TARP costs, Woolworths, Toyota
Wednesday, January 7, 2009 3:14 No CommentsThe government estimates it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program. The AP’s Mark Hamrick reports. (Jan. 6)
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Russia-Ukraine gas row spreads
Wednesday, January 7, 2009 3:14 No CommentsGazprom deputy accuses Ukraine of blocking three key pipelines for Europe, as German utility E.ON sees a significant decrease in shipments. Russia’s gas monopoly Gazprom cut off gas supplies to neighbouring Ukraine over a pricing dispute. Greece, Bulgaria and Turkey were among the first other countries affected by the cut in supplies, which has [...]
Hang Seng Reverses Gains By Settling In The Red
Wednesday, January 7, 2009 3:14 No Comments01/06/09 Hong Kong’s Hang Seng index managed to reverse recent gains and stand alone this session by posting the only negative settle amongst the major Asian/Pacific markets.
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Markets lack Direction
Wednesday, January 7, 2009 3:14 No Comments01/06/09 Investors are looking toward the Obama inauguration but the markets will likely lack directions for a few months.
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Business Update: U.S. services surprise
Wednesday, January 7, 2009 3:14 No CommentsA contraction in the U.S. non-manufacturing sector was less severe in December, but other data showed little sign of improvement in the more than year-long recession. Factory orders dropped more than predicted in November and pending home sales hit a seven-year low. Oil touched $50 for the first time this year before retreating. [...]
The Dollar Rally Continues
Wednesday, January 7, 2009 3:14 No Comments01/06/09 The US dollar continued to post even further gains this past trading session as continued poor euro-zone economic data and plans of a US economic stimulus plan retained optimism in the greenback.
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Goldman Sach’s Breaks ICE
Tuesday, January 6, 2009 18:13 No Comments01/06/09 Broker Goldman Sach’s announced today that it downgraded stock of the Intercontinental Exchange (ICE) due to poor year to year commision and declining volume.
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Steve Jobs weight loss due to hormone imbalance
Tuesday, January 6, 2009 18:13 No CommentsApple CEO Steve Jobs announced on Monday that he has been suffering from a hormone imbalance, leading to his severe weight loss. Jobs is already a cancer survivor. (Jan. 6)
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Your Money: E-mail Questions to yourmoney@ap.org
Tuesday, January 6, 2009 18:13 No CommentsWith the nation in the grip of a deepening recession, there are many unanswered questions when it comes to money management. AP Personal Finance Editor Trevor Delaney is now soliciting questions via e-mail. (Jan. 5)
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Pre-Market: 1st Monday of 2009
Tuesday, January 6, 2009 9:12 No Comments01/05/09 The stories, data, and stocks that may have the greatest impact during the next trading session.
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Hang Seng Soars In Asian Trade
Tuesday, January 6, 2009 9:12 No Comments01/05/09 The first day of the trading week within the major Asian markets was yet anohter good one led by Hong Kong’s Hang Seng which managed to gain more than 5oo points on the day.
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Mastercard To Acquire Orbiscom For $100 Million
Tuesday, January 6, 2009 9:12 No Comments01/05/09 Mast ercard Incorporated announced this morning that it will acquire payments services software provider Orbiscom for a reported $100 million.
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Dollar Surges To Start Off The Week
Tuesday, January 6, 2009 9:12 No Comments01/05/09 The US dollar rallied against both the euro and yen this session as a boost in US stock prices ultimately led to a boost in risk appetite for the strong greenback.
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Apple CEO says healthy to lead
Tuesday, January 6, 2009 9:12 No CommentsSteve Jobs, the man who oversaw the creation of the iPod and the iPhone, reassured investors that he is healthy enough to stay at the helm of Apple. His comments were an attempt to squash rumors that he would step down after his recent weight loss sparked speculation he was once again battling pancreatic cancer. [...]
Car sales worst since 19′74
Tuesday, January 6, 2009 9:12 No CommentsU.S. automakers posted the biggest annual sales drop in more than three decades as fear of unemployment kept Americans away from car lots. On Wall Street, the Dow dropped 81 points to 8,952. The S&P 500 lost 4 points to 927. The Nasdaq gave up 4 points to 1,628. Conway Gittens reports from New [...]
Wall St. looks for "January effect"
Tuesday, January 6, 2009 0:11 No CommentsAfter taking a beating in 2008, investors are hoping the year’s first 5 trading days bring good news. The first week of the trading year is underway, and investors are watching for indications of the year ahead. The January effect has been accurate more than 85 percent of the time. Bobbi Rebell reports.
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Wall St. looks for "January effect"
Tuesday, January 6, 2009 0:11 No CommentsAfter taking a beating in 2008, investors are hoping the year’s first 5 trading days bring good news. The first week of the trading year is underway, and investors are watching for indications of the year ahead. The January effect has been accurate more than 85 percent of the time. Bobbi Rebell reports.
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Jan. 5: Dow falls 82 to close at 8,952
Tuesday, January 6, 2009 0:11 No CommentsWall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington. (Jan. 5)
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Wall St. looks for "January effect"
Tuesday, January 6, 2009 0:11 No CommentsAfter taking a beating in 2008, investors are hoping the year’s first 5 trading days bring good news. The first week of the trading year is underway, and investors are watching for indications of the year ahead. The January effect has been accurate more than 85 percent of the time. Bobbi Rebell reports.
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Wall St. looks for "January effect"
Tuesday, January 6, 2009 0:11 No CommentsAfter taking a beating in 2008, investors are hoping the year’s first 5 trading days bring good news. The first week of the trading year is underway, and investors are watching for indications of the year ahead. The January effect has been accurate more than 85 percent of the time. Bobbi Rebell reports.
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Jan. 5: Dow falls 82 to close at 8,952
Tuesday, January 6, 2009 0:11 No CommentsWall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington. (Jan. 5)
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Chrysler, Toyota, lead declines in auto sales
Tuesday, January 6, 2009 0:11 No CommentsU.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets. (Jan. 5)
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Jan. 5: Dow falls 82 to close at 8,952
Tuesday, January 6, 2009 0:11 No CommentsWall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington. (Jan. 5)
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Chrysler, Toyota, lead declines in auto sales
Tuesday, January 6, 2009 0:11 No CommentsU.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets. (Jan. 5)
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Jan. 5: Dow falls 82 to close at 8,952
Tuesday, January 6, 2009 0:11 No CommentsWall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington. (Jan. 5)
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Chrysler, Toyota, lead declines in auto sales
Tuesday, January 6, 2009 0:11 No CommentsU.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets. (Jan. 5)
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Your Money: Email Questions to yourmoney@ap.org
Tuesday, January 6, 2009 0:11 No CommentsWith the nation in the grip of a deepening recession, there are many unanswered questions when it comes to money management. AP Personal Finance Editor Trevor Delaney is now soliciting questions via email. (Jan. 5)
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Chrysler, Toyota, lead declines in auto sales
Tuesday, January 6, 2009 0:11 No CommentsU.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets. (Jan. 5)
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Your Money: Email Questions to yourmoney@ap.org
Tuesday, January 6, 2009 0:11 No CommentsWith the nation in the grip of a deepening recession, there are many unanswered questions when it comes to money management. AP Personal Finance Editor Trevor Delaney is now soliciting questions via email. (Jan. 5)
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Money Minute: Times Ads, Hyundai, Construction
Tuesday, January 6, 2009 0:11 No CommentsThe New York Times is now the latest paper to run graphical advertising on its front page. The AP’s Mark Hamrick reports. (Jan. 5)
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Your Money: Email Questions to yourmoney@ap.org
Tuesday, January 6, 2009 0:11 No CommentsWith the nation in the grip of a deepening recession, there are many unanswered questions when it comes to money management. AP Personal Finance Editor Trevor Delaney is now soliciting questions via email. (Jan. 5)
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Money Minute: Times Ads, Hyundai, Construction
Tuesday, January 6, 2009 0:11 No CommentsThe New York Times is now the latest paper to run graphical advertising on its front page. The AP’s Mark Hamrick reports. (Jan. 5)
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