Archive for September 4th, 2010

UPDATE – Obama says his economic policies halted bleeding

[at Reuters] – * Previews big push on economy ahead of November vote * Will travel to Ohio to unveil plans for boosting jobs * White House says proposals not a stimulus package

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UPDATE – Taxpayers likely to face initial loss on GM IPO-sources

[at Reuters] – * Treasury to sell first shares below break-even-sources * 61 pct Treasury sale could take several years-sources * Taxpayer break-even is around $70 bln GM market value

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Obama wants to boost economy – just don t call it stimulus

[CNNMoney.com] – President Obama is pledging to propose a new package of job-boosting ideas next week — just don t call it stimulus.

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Blunt, Carnahan differ on stimulus, bank bailout

[AP] – Republican Rep. Roy Blunt campaigns for Senate in a blue RV plastered with the message: The choice is clear. Roy will fight for jobs.

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Dividends are trumps in a game of poor rates

[at Financial Times] – In his memoir, Tony Blair claims that it was his idea to give the Bank of England power over interest rates, that he was never kept out of the economic policy space , and that it was not until very late on that he really yielded control of economic policy .

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Federal Housing Stimulus: How Much More?

[CNBC] – New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses.

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[$$] Hoping for the Best

[at Barrons.com] – After a frustrating summer for stocks, market strategists see few gains this fall—unless the economy regains its swagger.

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[$$] The Fence-Sitting Crowd

[at Barrons.com] – Stocks rallied 5.3% in the first three days of September after a summer of negativity, showing that investors comfort zone is noncommittal going into a political season where anything can happen.

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[$$] Caterpillar, IBM Lead Gains

[at The Wall Street Journal] – Caterpillar, IBM Lead Gains Stocks climbed, with J.P. Morgan Chase, Caterpillar and IBM leading the charge as a better-than-expected jobs report for August helped the market snap a three-week losing streak.

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[$$] Small Stocks Extend Their Winning Run

[at The Wall Street Journal] – Small Stocks Extend Streak The Russell 2000 rose 4.31% for the week, extending its three-week streak of gains for the longest run since the five-week period that ended April 23. Take-Two Interactive was up 7.3%.

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