Archive for October, 2009

Bank of Jamaica governor resigns; IMF loan pending (AP)

The president of the Bank of Jamaica has resigned after 13 years in the position. Finance Minister Audley Shaw said Friday that Derick Latibeaudiere stepped down by mutual agreement.

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Report: Stimulus saves, creates 22,500 Mich. jobs (AP)

The federal government said Friday that recipients of federal stimulus money in Michigan so far have reported saving or creating about 22,500 jobs — the ninth most among the states.

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Skip Ruts; Keep Moving (Investor’s Business Daily)

To get to the top in business, learn from the best, says researcher Bruce Rosenstein, author of “Living in More Than One World: How Peter…

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Movers roundup: Denny’s, Citigroup (AP)

Shares of Denny’s Corp. sank a day after the restaurant chain posted worst-than-expected sales. NEW YORK — Shares of Citigroup Inc. fell after a CLSA analyst issued a note forecasting the bank would write down as much as $10 billion in its fourth quarter.

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Business Highlights (AP)

Flat incomes suggest more weakness ahead in consumer spending, reinforcing concerns about a ho-hum holiday shopping season and a sluggish economic recovery.

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Stocks tumble on recovery jitters, financials (Reuters)

The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won’t be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup’s balance sheet.

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Business events scheduled for the coming month (AP)

MONDAY, Nov. 2 NEW YORK — The Institute for Supply Management releases its manufacturing index for October, 10 a.m. WASHINGTON — National Association of Realtors releases pending home sales index for September, 10 a.m; Commerce Department releases construction spending for September, 10 a.m.

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Business events scheduled for the coming week (AP)

MONDAY, Nov. 2 NEW YORK — The Institute for Supply Management releases its manufacturing index for October, 10 a.m. WASHINGTON — National Association of Realtors releases pending home sales index for September, 10 a.m; Commerce Department releases construction spending for September, 10 a.m.

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Las Vegas Sands, MetLife, Manitowoc are big movers (AP)

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE:

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Denny’s shares fall after 3Q results (AP)

Shares of Denny’s Corp. sank Friday, a day after the restaurant chain posted worst-than-expected sales. Shares of the eatery fell 46 cents, or 17.3 percent, to $2.20 in Friday trading.

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