Archive for February 23rd, 2010

Consumer confidence tumbles in February (CNNMoney.com)

A closely-watched measure of consumer confidence fell sharply in February after three straight months of improvement, a research group said Tuesday.

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Oil rally fizzles, drops below $80 a barrel (AP)

Energy prices sank Tuesday after job worries sent a monthly measurement of consumer confidence sharply lower. The Conference Board said its Consumer Confidence Index for February fell much more than expected.

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Home prices rise 0.3 percent in December (AP)

Home prices edged up in December, the seventh straight monthly gain and another sign the housing market continues its bumpy recovery.

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Stocks retreat after disappointing consumer report (AP)

The stock market pulled back Tuesday after a surprising drop in consumer confidence reminded investors of the fragility of the economic recovery.

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Consumer confidence falls sharply (AP)

A monthly poll showed consumers’ confidence took a surprisingly sharp fall in February amid rising job worries. The decline ends three straight months of improvement and raises concerns about the economic recovery.

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Wall Street bonuses jumped 17 percent last year (Reuters)

Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State’s comptroller said, as the financial industry recovered fitfully from a near meltdown.

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Wall Street falls with consumer confidence (Reuters)

A drop in consumer confidence to a 10-month low drove U.S. stocks down on Tuesday as investors reassessed the strength of the economic recovery.

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Wall Street bonuses jumped 17 percent last year (Reuters)

Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State’s comptroller said, as the financial industry recovered fitfully from a near meltdown.

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Zale shares soar after report firm might buy stake (AP)

Shares of struggling jeweler Zale Corp. soared Tuesday after a report that a private equity firm may seek a stake in the ailing jewelry chain.

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HealthSouth shares fall on 2010 guidance (AP)

Shares of HealthSouth Corp. fell Tuesday as several analysts called the company’s 2010 outlook too conservative, though fourth-quarter results matched expectations.

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