Archive for December, 2009

Stocks Fall As Investors Close Out Year

The stock market looked to end 2009 on a down note as institutional investors made some last-minute adjustments to their portfolios. In midday trading, the Dow Jones industrial average fell 50.41, or 0.5 percent, to 10,498.10. The broader Standard & Poor’s 500 index slipped 3.71, or 0.3 percent, to 1,122.71, and the Nasdaq composite index fell 6.07, or 0.3 percent, to 2,285.21. (10 mins ago)

Colombia Policy Makers Say Rate Cuts Prompting Growth

Dec. 30 — Colombia’s central bank said its record low benchmark lending rate will continue to stimulate economic growth after eight cuts this year, according to minutes of the board’s last meeting. (27 mins ago)

Consumer confidence reaches 3-month high

Consumers are looking forward to 2010, with confidence hitting a three-month high and expectations zooming to their highest point in two years, according to a consumer confidence study released today. (8 mins ago)

Most profitable CEOs get smallest gains in S&P 500

Brown-Forman Corp’s Paul Varga and Johnson & Johnson’s William Weldon are among chief executive officers left behind in the 2009 stock-market rebound even after they created the most value for their companies. (1 min ago)

Insiderasia’s Model Portfolio Week 357

TRADING on Bursa Malaysia was quiet in the holiday-shortened week as most investors opted to stay on the sidelines, or were already on holiday for the extended Christmas-New Year break. (3 hours ago)

Why we no longer ride on the sheep’s back

Ahead for the Australian sheep industry and its implication for future research and development. development efforts if necessary. (59 secs ago)

States Seek Federal Bailout to Replenish Empty Jobless Funds

With the front line of defense for unemployed Americans crumbling, the jobless are facing potentially reduced benefits and businesses possibly higher taxes. (2 hours ago)

Middle Tennesseans may see bump in unemployment aid

As mass layoffs continue in Middle Tennessee and unemployment remains in double digits for much of the state, there were good tidings for some unemployed workers, with approval of a new extension in weekly benefits. (7 mins ago)

Dollar drops as home sales, spending data weak

The dollar dropped Wednesday as new data on home sales and consumer spending reinforced that the U.S. economy’s recovery will be bumpy and slow. (3 mins ago)

Local home sales soar in November

Home sales surged nationally and locally last month, reflecting an extraordinary level of federal support that has pulled the housing market back from the worst downturn since the Great Depression. (7 mins ago)