How long will the Dow keep its weakest stocks?

Posted by Financial Market News on February 19th, 2009

Some dogs of the Dow have lost their bite. If prices for the three cheapest stocks in the Dow Jones industrial average - General Motors Corp., Citigroup Inc.

Saut on the Markets

Posted by Financial Service News on February 19th, 2009

Investment Strategy - Analysis and Discussion with Jeffrey Saut of Raymond James

Nearly 5 million Americans drawing jobless benefits

Posted by Financial Market News on February 19th, 2009

The number of U.S. workers drawing unemployment aid jumped to a record high of nearly 5 million, the government said on Thursday, as a worsening economy made it increasingly hard to find jobs.

Obama housing plan will have impact in March: FDIC

Posted by Financial Service News on February 19th, 2009

The Obama administration's $275 billion program to stem a wave of U.S. home foreclosures will start having an impact as soon as March, Federal Deposit Insurance Corporation chairman Sheila Bair said on ...

Gloomy outlook for Canadian economy

Posted by Financial Market News on February 19th, 2009

Pay increases to be modest, housing starts to fall and overall economic activity sinking amid global financial meltdown Feb 19, 2009 11:58 AM Comments on this story Gary Norris THE CANADIAN PRESS Home ...

Europe banks agree to set up default swap clearing 8:06AM ET

Posted by Financial Service News on February 19th, 2009

European banks said Thursday that they were finally ready to clear credit default swaps in Europe, in an effort to avoid extra European Union legislation over the derivatives that were partly blamed for the ...

Markets flat; realty, metals gain

Posted by Financial Market News on February 19th, 2009

Mumbai The benchmark Sensex rose by over 96 points in the opening trade on Thursday after sliding for three straight sessions, on covering up short positions by speculators and selective buying by funds.

Oppenheimer’s Meredith Whitney, Formerly at CIBC, Will Start Her Own Firm

Posted by Financial Service News on February 19th, 2009

Oppenheimer & Co. analyst Meredith Whitney , who gained fame by correctly predicting a decline in U.S. bank shares and a dividend cut by Citigroup Inc.

Oil up ahead of supply report

Posted by Financial Market News on February 19th, 2009

Oil prices rose above $35 a barrel Thursday ahead of U.S. data expected to show crude inventories in the top energy consumer hit a nearly 11-year high amid a worsening recession.

UK chopper crashes in North Sea, all 18 rescued

Posted by Financial Service News on February 19th, 2009

A transport helicopter crashed into the North Sea on Wednesday evening, but all 18 aboard were rescued from the chilly waters, British officials said.


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