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.

Sensex surges over 254 pts on soft Rail Budget, short-covering

Posted by Financial Market News on July 3rd, 2009

Trading sentiment turned bullish on the Bombay Stock Exchange as the BSE Sensex surged over 250 points in pre-close trading today following a soft Rail Budget amid market participants covering their short pending positions.

Circuit City completes sale of Canadian assets to Bell Canada

Posted by Financial Service News on July 3rd, 2009

Electronics retailer Circuit City, which closed all its U.S. stores, has sold its Canadian stores to telecommunications company Bell Canada .

Moderate fall on NZ sharemarket early

Posted by Financial Market News on July 3rd, 2009

The New Zealand sharemarket managed to record only moderate losses in early trading, after stock exchanges in the United States and Europe tumbled overnight.

Judge won’t dismiss City’s suit against Wells Fargo

Posted by Financial Service News on July 3rd, 2009

UPDATED 6:30 p.m. - The city of Baltimorea s mortgage-lending discrimination lawsuit against Wells Fargo Bank N.A. may proceed to what will be a a oetime consuming and expensivea discovery process, a federal judge ruled Thursday afternoon.

Asian stocks fall as US jobs report douses hope

Posted by Financial Market News on July 3rd, 2009

Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower.

‘Genocide-free’ proposal rejected at Vanguard

Posted by Financial Service News on July 3rd, 2009

Shareholders of Vanguard Group have rejected an activist proposal that would have required stronger screening of investments that may be linked to genocide.


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