Stocks News

Not even grisly job losses could get in the stock market's way Friday. The Dow Jones industrial average clawed higher to end above 8,000 for the first ...

Santa Fe-based Thornburg Mortgage laid off all of its 130 employees on Friday morning.

Asian stock markets surged on Friday with almost all indices closing higher. Only the Shanghai Composite disappointed, although the loss on the day was just 0.23%. The Australian All Ordinaries closed 1.43% higher.

SPOKANE, Wash. - Spokane-based Sterling Savings Bank and Walla Walla-based Banner Bank are offering mortgages at interest rates below 4 percent to stimulate sales and help builders move homes.

US stocks made gains Friday at the close of a strong week for global markets, buoyed by some positive economic news and a comprehensive deal by world leaders to tackle the global recession.

Bank president Mark Timmerman says the move will eliminate 19 positions but save about $1 million in operating costs.

U.S. Federal Reserve Chairman Ben S. Bernanke is delivering what he promised five months ago, record- low mortgage rates and a refinancing boom thata s putting cash in consumersa pockets.

While acknowledging that the Federal Reserve was "extremely uncomfortable" about last year's bailouts of big financial companies, Fed Chairman Ben Bernanke said Friday the central bank's strategy to ease the financial crisis is working.

Published: Friday, April 3, 2009 at 5:25 p.m. Last Modified: Friday, April 3, 2009 at 5:25 p.m. Treasury prices sank Friday after a report showing massive job losses couldn't hamper gains in the stock market.

A black Chevy Suburban SUV, manufactured by financially threatened General Motors Corporation, stands ready to transport high-ranking government officials at the Capitol in Washington, Wednesday, April 1, 2009.