Archive for August 22nd, 2009
Puerto Rico official says economy shrank 5.5 pct. (AP)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Puerto Rico’s struggling economy contracted 5.5 percent in the fiscal year that ended June 30, extending the U.S. territory’s historic downturn, the chief of the government’s planning board said Friday.
Home Resales Soar To A 2-Year Peak; Fed Chief Optimistic (Investor’s Business Daily)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Sales of previously owned U.S. homes jumped more than expected in July to their highest level in almost two years, an industry group said Friday,…
Economy – Friday (Investor’s Business Daily)
Posted by Bancherul.com in Finance News on August 22nd, 2009
U.S., U.K. to recover by end of ’10
Housing and consumers may drive rally next week (Reuters)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Is it game over for the recession? Or will consumers stay in hibernation? Investors will watch next week’s new home sales and consumer data to see if the economy’s recovery is on track and whether U.S. stocks — now at 2009 highs — will extend their rally.
Nevada unemployment climbs to record 12.5 percent (AP)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Nevada’s unemployment rate hit a record in July, climbing to 12.5 percent statewide and 13.1 percent in Las Vegas, according to a state report issued Friday.
Commodities jump on renewed optimism about economy (AP)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Investors returned to the commodities market Friday in a big way, sending prices for copper, silver and oil sharply higher amid clearer signs the economy is healing.
Fitch Rates Pend Oreille (WA) Electric Revs ‘A-’; Outlook Stable (Business Wire)
Posted by Bancherul.com in Finance News on August 22nd, 2009
NEW YORK—-Fitch Ratings has assigned an ‘A-’ rating to Pend Oreille Public Utility District No. 1, Washington’s approximately $70 million in Box Canyon Production System revenue bonds, aeries 2009A and 2009B .
Dow Jones exploring sale of indexes business: report (Reuters)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock market index business, including the Dow Jones industrial average , the company’s Wall Street Journal reported on its website.
Business Highlights (AP)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the economy is on the verge of growing again.
Movers roundup: Texas Industries, Open Text (AP)
Posted by Bancherul.com in Finance News on August 22nd, 2009
Shares of Texas Industries Inc. rose as it clashed publicly with a private equity fund founded by a nephew of Walt Disney.
