Stocks Finish Higher After Late-Day Recovery
1/12/12 •
AP – A drop in oil prices and strong bond auctions in Europe drove stocks to a slightly higher close Thursday. The Standard & Poor’s 500 index rose for the [...]
Market Sector News
Ottawa may face C$15 billion suit over Wheat Board
1/09/12 •
Reuters – A Saskatchewan lawyer said on Monday that he will file a C$15.4 billion ($15 billion) class action lawsuit against the Canadian government over the dismantling of the Wheat [...]
Global tech sales ‘to surpass $1 tn in 2012′
1/09/12 •
AFP – Smartphones and tablet computers will help push worldwide consumer electronics spending over $1 trillion this year but growth is sluggish compared to last year, according to industry analysts.
“Most [...]
Chrysler to bank $2 bn as sales surge: CEO
1/09/12 •
AFP – Chrysler is poised to rake in almost $2 billion in cash this year after sales of cars and trucks soared in 2011, the head of the US automaker [...]
Dollar Falls Versus Major Peers; Aussie, Brazilian Real Climb
1/03/12 •
Bloomberg – The dollar fell the most in more than a month against the euro as signs manufacturing is expanding in the U.S. and China damped the appeal of safer [...]
Oil begins 2012 with a bang
1/03/12 •
LA Times – Oil prices soared Tuesday as tensions grew over key Persian Gulf oil shipments.
In afternoon trading benchmark crude jumped $3.80, or 3.8 percent, to $102.63 per barrel in [...]
US Factory Growth Shows Jobs Might Be Picking Up
1/03/12 •
CNBC – US manufacturing activity-as well as employment in the sector-rose to its highest level since June, joining a series of economic reports that indicates Friday’s jobs number may be [...]
Fed to regularly forecast interest-rate changes
1/03/12 •
WASHINGTON (AP) – In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at [...]
Mortgage rates fall to record lows
12/15/11 •
NEW YORK (CNNMoney) – Mortgage rates sunk to record lows again this week.
The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early [...]
Under increasing pressure, Europe’s banks take center stage in continent’s debt crisis
12/15/11 •
PARIS — A slew of bad news on European banks has fueled fears about their ability to survive the debt crisis, highlighting their central role in the region’s financial mess [...]
FedEx Profit Beats Estimates as Shipments Show Consumer Strength
12/15/11 •
Bloomberg – FedEx Corp. posted quarterly profit that beat analysts’ estimates as U.S. consumers bolstered by a better labor market increased holiday orders from online retailers.
Demand in the home delivery [...]
