Dollar down on US jobless rate

Posted by Financial Market News on July 4th, 2009

THE dollar opened lower today, as investors expectations of a recovery in the American economy were dampened after the US unemployment rate hit a 26-year high.

Services sector takes unexpected rise

Posted by Financial Service News on July 4th, 2009

RISING confidence among consumers about the outlook for the economy has helped the services sector expand for the first time in 15 months in June, a survey shows.

Currency: Dollar weaker on poor US job stats

Posted by Financial Market News on July 4th, 2009

The New Zealand dollar weakened to a10-day low today after the US dollar rose overnight on bleak US jobs data.

Lynnwood’s City Bank says it was reprimanded by FDIC

Posted by Financial Service News on July 4th, 2009

For the third time this year, a Snohomish County-based community bank has been reprimanded by the federal government.

Asia stocks slips

Posted by Financial Market News on July 4th, 2009

An investor looks at an electronic board showing stock information at a brokerage house in Wuhan, Hubei province.

Hancock names new board chairman

Posted by Financial Service News on July 4th, 2009

Jim B. Estabrook Jr. has been selected as the next board chairman for Hancock Holding Co., parent of Hancock Bank.

Jobless rate at 26-year peak

Posted by Financial Market News on July 3rd, 2009

Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.

Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown

Posted by Financial Service News on July 3rd, 2009

Goldman Sachs is a giant pig. A giant pig that blows bubbles through a wand shaped like a dollar sign.

Toronto stock market edges up on strength of base metals sector; New York closed

Posted by Financial Market News on July 3rd, 2009

The Toronto stock market was slightly higher in late-morning trading Friday on the strength of the base metals sector after mining giant Teck Resources Ltd.

Buyout Firms Balk At Federal Deposit Insurance Corporation

Posted by Financial Service News on July 3rd, 2009

Buyouts firms want a new rule to prevent private equity fund from slipping the investment to short term profit.


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