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January 29, 2008
Orders for Big-Ticket Manufactured Goods Jump By Largest Amount in 5 Months
The 5.2% increase in orders was a surprise finish for the manufacturing sector at year’s end, a segment of the economy considered to have had a poor year.
January 28, 2008
Alternative Cable TV Channel Backed by Al Gore
Cable television upstart Current Media Inc. plans to go public later this year, giving investors a chance to assess the entrepreneurial skills of its co-founder, former U.S. Vice President Al Gore.
Chrysler extends $100,000 buyout offer to more plants in U.S.
Under Chrysler’s current offer, employees who are on temporary or indefinite layoff or have at least one year of service can get up to $100,000 and six months of health benefits if they agree to cut ties with the company.
Bond Bailout Key for Counties and Cities
If insurers didn’t get help, municipal projects might increase in cost
Now’s A Good Time to Create A Retirement Plan
Amid the turbulence of the plunging stock market, there’s a great opportunity for small-business owners. If they set up retirement plans now, they’ll position themselves and their employees for big gains when Wall Street finally recovers
Rates at Weekly Treasury Auction Drop to Lowest Levels in Three Years
The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 2.335 percent, down from 2.370 percent last week. Another $21 billion in six-month bills was auctioned at a discount rate of 2.310 percent, down from 2.400 percent last week.
Altria May Announce Timing of Philip Morris International Spinoff
The board of New York-based Altria Group approved the spinoff last August but said it would finalize its decision and give the exact timing of the spinoff at its board meeting on January 30th.
Verizon 4Q Earnings Rise 3.9%
The company reported seeing no real effect of a possible economic slowdown, beyond a marginal increase in nonpaying wireless subscribers.
New home sales dropped in 2007 by a record amount
Sales of new homes plunged by a record amount in 2007 while prices posted the weakest showing in 16 years, demonstrating the troubles builders are facing with a huge backlog of unsold homes.
January 23, 2008
General Motors, Toyota in dead heat in global sales in 2007
GM conceded Wednesday that Toyota Motor Corp. pulled even last year, each of them selling about 9.37 million vehicles, in another sign that the balance of corporate power is shifting from West to East.
Wall Street Pulls Off Stunning Comeback
The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just under 300 points
House Leaders Negotiate With Treasury Secretary to Come Up With Quick Economic Stimulus Bill
Top House leaders and Treasury Secretary Henry Paulson Wednesday tallied the cost of measures to jolt the economy out of its slump as the three sought a swift bipartisan deal on a recovery package that could move through Congress within weeks
January 09, 2008
Gold sets new record
Highest prices ever, not adjusted for inflation, are being caused in part by higher oil prices and a weak U.S. dollar. Gold reached a high of $884 before ending the day at $880.30.
Managing your 401k in turbulent times
With the uncertainty in the economy, bonds might be a good addition to your retirement plan.