Archive for February 6th, 2010

Security Bank of California Announces Its 2009 Results (Business Wire)

RIVERSIDE, Calif.—-Security Bank of California, wholly owned and sole subsidiary of Security California Bancorp , announced its financial results for the year ended December 31, 2009.

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After Toyota’s Hit, Why Invest Here? (Investor’s Business Daily)

Commerce: Now that Transportation Secretary Ray LaHood has served notice he’s “not finished” with Toyota, how keen will other foreigners…

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Jobless Recovery? (Investor’s Business Daily)

Economy: The jobs data for January showed modest improvement, with unemployment dropping to 9.7% from 10% and the number of jobs lost coming in at…

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Surprising Jobs Data Show Jobless Down But So Are Payrolls (Investor’s Business Daily)

The U.S. economy lost 20,000 jobs in January, the Labor Department said Friday, defying expectations for a slim gain. But the jobless rate…

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Morningstar Volatility Report for February 5, 2010 (Morningstar.com)

Ongoing European debt concerns drive increased market uncertainty.

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Financial reform talks break down in Senate (Reuters)

Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.

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Business Highlights (AP)

The outlook for jobs became a bit less bleak Friday when the government released January’s unemployment rate showing an unexpected decline from 10 percent to 9.7 percent. It was the first drop in seven months.

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American Axle, Tyson Foods, Corning are big movers (AP)

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

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Wall Street cuts losses, closes up with techs, materials (Reuters)

Stocks erased a midday drop to end slightly higher on Friday, closing out a volatile week punctuated by mixed signals from the labor market data and growing anxiety over fiscal problems in Europe.

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Movers roundup: McClatchy, Meritage Homes (AP)

McClatchy Co. shares tumbled along with the broader market after the newspaper publisher agreed to pay steep interest rates to push back its deadline for repaying debt.

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