Asian markets rise on optimism about China
Sun, 21 Jun 2009 09:39 pm PDT
AP - Asian stock markets rose for a second session Monday, with Hong Kong's benchmark spiking more than 2 percent, amid optimism about China after the Chinese premier said the economy was improving. Full Story | Top |
Ground zero in timber wars shows signs of peace
Sun, 21 Jun 2009 09:01 pm PDT
 AP - On a steep slope of the Rogue River-Siskiyou National Forest, a crew of young men with chain saws and hardhats worked their way through an old neglected clearcut, cutting brush and young trees and piling the remains to be burned later. Full Story | Top |
FTSE 100 ends week up 1.52%
Fri, 19 Jun 2009 09:50 am PDT
 AFP - The FTSE 100 finished the week higher on Friday, with sentiment buoyed by better-than-expected US data which helped ease concerns over the economic outlook, dealers said. Full Story | Top |
CarMax 1Q earns fall, still tops view
Fri, 19 Jun 2009 03:26 pm PDT
 AP - Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Full Story | Top |
UN: World hunger reaches 1 billion mark
Fri, 19 Jun 2009 11:53 am PDT
 AP - The global financial meltdown has pushed the ranks of the world's hungry to a record 1 billion, a grim milestone that poses a threat to peace and security, U.N. food officials said Friday. Full Story | Top |
Echo boomers a lifeline for embattled U.S. housing
Sun, 21 Jun 2009 09:23 pm PDT
Reuters - The children of baby boomers will eventually resuscitate the pummeled U.S. housing market, Harvard University said on Monday, but in the meantime, limits on income and credit are sustaining the three-year bust. Full Story | Top |
Nigerian militants attack three Shell oil sites
Sun, 21 Jun 2009 03:03 pm PDT
Reuters - Nigeria's main militant group said on Sunday it had attacked three oil installations belonging to Royal Dutch Shell in the Niger Delta, widening a month-old offensive against Africa's biggest energy industry. Full Story | Top |
Senate confirms Allison as TARP chief
Fri, 19 Jun 2009 01:11 pm PDT
Reuters - The U.S. Senate on Friday confirmed Herb Allison, the former chief executive of mortgage finance company Fannie Mae, as assistant Treasury secretary to oversee the government's $700 billion bank bailout fund. Full Story | Top |
'Vanilla' home loans could benefit borrowers
Sun, 21 Jun 2009 12:28 pm PDT
 AP - If President Barack Obama gets his way, consumers who take out mortgages would automatically get a "plain vanilla" loan — such as a traditional 30-year fixed-rate mortgage — unless they opted for a riskier variety. Full Story | Top |
Jobless MBAs Opt for Entrepreneurship
Fri, 19 Jun 2009 05:08 am PDT
BusinessWeek Online - Lindsay Giovachino was feeling frustrated as she approached her business school graduation this past May at the University of Miami School of Business(Miami Full-Time MBA Profile). Like many of her classmates, she had cast a wide net in her job search, applying for management jobs in fields ranging from the nonprofit world to the music industry, with little luck. The final blow came when people started suggesting that Giovachino, an aspiring singer and songwriter who goes by the stage name Lucia, take an unpaid internship with a record company. ... Full Story | Top |
The Allures and Perils of Foreign Government Bonds
Fri, 19 Jun 2009 05:08 am PDT
BusinessWeek Online - Foreign government bonds are on a tear. During the past three months, the sovereign debt of developed nations gained more than 5% in value, while emerging-market bonds surged 15%. Over the same period, supposedly ultra-safe U.S. Treasuries fell nearly 3%. Investors have taken notice: Since Apr. 15, $5 billion has flowed into international bond funds, which include in their portfolios sovereign debt from a wide range of foreign governments. Is it time to jump on the bandwagon? Full Story | Top |
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