Daily News Digest: Business News

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Saturday, January 1, 2011 12:00 AM PST

Sponsored Link Special Offer - Free Trial of Blockbuster.com Rent Movies from Blockbuster.com. Delivered Direct To Your Mailbox. Click here to start today. www.Blockbuster.com

Today's Business News: Hangover or afterparty for stocks? Indexes end strong year and month with quiet day United loses arbitration in regional jet dispute Global stock fund inflows gain, bonds slow: source Oil hits 26-month high to end 2010 up 15 percent Fund investors begin slowly embracing US stocks Khodorkovsky sentence highlights 'abusive' Russia: US Earnings schedule for week of 1/03/11 Baltic state of Estonia adopts the euro Bonds' dramatic year sets stage for higher rates Oil falls below $90 amid light year-end trading Blizzard delays $1 billion in holiday sales Mortgage lenders now advertising as crisis solvers Bolivian president cancels gasoline price increase Police: Ohio robber paid for aborted getaway taxi Electric cars fail to spark sales Canadians Spend Like Crazy Americans Hangover or afterparty for stocks? Fri, 31 Dec 2010 03:02 pm PST Reuters - A bout of profit taking seems likely early next year after the S&P 500 ended its best December in almost two decades, but stocks may have further to run at the start of 2011. Full Story Top Indexes end strong year and month with quiet day Fri, 31 Dec 2010 01:29 pm PST Reuters - U.S. stocks closed out a year of double-digit gains and the S&P's best December since 1991 with a quiet and little changed session on Friday as investors found no reason to make big bets ahead of the new year. Full Story Top United loses arbitration in regional jet dispute Fri, 31 Dec 2010 11:48 am PST Reuters - An arbitrator ruled that United Continental Holdings cannot use Continental's codes for 70-seat jets operated by its regional partners since a labor contract requires them to be flown by Continental pilots. Full Story Top Global stock fund inflows gain, bonds slow: source Fri, 31 Dec 2010 11:46 am PST Reuters - Money flows to global equity and other stock funds accelerated during the fourth quarter, signaling a possible twist in 2011 from the record investments made in bond portfolios over the last year, according to a report published by EPFR Global on Friday. Full Story Top Oil hits 26-month high to end 2010 up 15 percent Fri, 31 Dec 2010 12:52 pm PST Reuters - Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits. Full Story Top Fund investors begin slowly embracing US stocks Thu, 30 Dec 2010 02:05 pm PST AP - It appears investors are beginning to get comfortable with risk again. Not only are they pulling money out of bond mutual funds at the fastest pace in two years, but they're slowly starting to embrace stocks again. Full Story Top Khodorkovsky sentence highlights 'abusive' Russia: US Thu, 30 Dec 2010 01:09 pm PST AFP - The United States decried Russia's extended sentence for jailed tycoon Mikhail Khodorkovsky as an "abusive use" of the legal system on Thursday and warned that the country's economy will stagnate without an independent judiciary. Full Story Top Earnings schedule for week of 1/03/11 Thu, 30 Dec 2010 10:45 am PST AP - Major companies tentatively scheduled to report quarterly earnings next week: Full Story Top Baltic state of Estonia adopts the euro Fri, 31 Dec 2010 05:11 pm PST AP - The Baltic state of Estonia early Saturday became the 17th European Union member to adopt the joint European currency, the euro. Full Story Top Bonds' dramatic year sets stage for higher rates Fri, 31 Dec 2010 02:59 pm PST AP - It was a dramatic ride for bonds and the mortgage market in 2010 as an economic crisis in Europe and wonky concepts like "quantitative easing" helped push down yields to levels not seen since the 1950s. Full Story Top Oil falls below $90 amid light year-end trading Fri, 31 Dec 2010 08:11 am PST AP - Oil prices slipped further below $90 a barrel Friday as investors took profits amid light year-end trading volume. Despite the fall, oil prices are set to end the year around 12 percent higher than where they started — a clear signal that the global economy has returned to growth following the worst recession since World War II . Full Story Top Blizzard delays $1 billion in holiday sales Wed, 29 Dec 2010 06:35 pm PST Reuters - A blizzard in the Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. Full Story Top Mortgage lenders now advertising as crisis solvers Fri, 31 Dec 2010 01:17 pm PST AP - PacWest Funding's CEO watched in late 2007 as rival mortgage brokerages, banks and collaborators collapsed under the weight of the declining housing market. Full Story Top Bolivian president cancels gasoline price increase Fri, 31 Dec 2010 07:35 pm PST AP - Bolivian President Evo Morales on Friday abruptly canceled a decree that sharply raised fuel prices, reacting to widespread protests and the threat of more to come in the biggest setback of his five years in office. Full Story Top Police: Ohio robber paid for aborted getaway taxi Fri, 31 Dec 2010 12:15 pm PST AP - Authorities in Ohio say a man robbed a bank, hopped into a taxi and paid for the ride even after the cabbie cut the trip short. Full Story Top Electric cars fail to spark sales Fri, 31 Dec 2010 02:40 pm PST Investor's Business Daily - Due to limited supplies, General Motors (NYSE:GM - News) says it sold just 250 to 350 Chevy Volts this month, and Nissan Motor (OTC:NSANY.ob - News) says it sold fewer than 10 of its Leaf sedans in the past 2 weeks. It could be well into 2012 before Volt, with a base price of $40,280, and the $32,780 Leaf are widely available. Watchers say it's still not clear how well electric cars will be received. Still, some 50,000 people are on lists to get first dibs when they're available. GM edged up 0.1% to 36.86 and Nissan rose 0.2% to 18.96. Full Story Top Canadians Spend Like Crazy Americans Fri, 31 Dec 2010 05:08 am PST BusinessWeek - Spendthrift Canada? Many Americans would find that hard to believe. Throughout the subprime crisis that rocked the U.S., Canada's economy and banking industry remained rock solid. Full Story Top

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.