Behind Your Business

Stocks gain as hope rises for stimulus plan (Reuters)

admin — Tue, 06 Jan 2009 20:05:38 +0000

Reuters - Stocks gained on Tuesday as bets rose on the likelihood of a government stimulus package after the release of minutes from the last Fed policy meeting painted a dismal picture of the U.S. economy.

Stocks up moderately after Federal Reserve minutes (AP)

admin — Tue, 06 Jan 2009 19:48:05 +0000

AP - Wall Street advanced moderately Tuesday, as fresh details from the Federal Reserve on its efforts to combat the recession helped offset disappointing economic reports.

N.Y. judge restrains Merkin funds in Madoff lawsuit (Reuters)

admin — Tue, 06 Jan 2009 19:31:29 +0000

Reuters - A judge on Tuesday extended an order barring well-known hedge fund founder Ezra Merkin from withdrawing or liquidating millions of dollars in his funds, which invested with accused swindler Bernard Madoff.

German tycoon Adolf Merckle commits suicide (Reuters)

admin — Tue, 06 Jan 2009 19:11:03 +0000

Reuters - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.

SEC names James Kroeker acting chief accountant (AP)

admin — Tue, 06 Jan 2009 19:09:30 +0000

AP - James Kroeker has been promoted to acting chief accountant at the Securities and Exchange Commission to replace the retiring incumbent, the agency announced Tuesday.

Rice traveling to UN to push Gaza cease-fire (AP)

admin — Tue, 06 Jan 2009 17:59:18 +0000

AP - Secretary of State Condoleezza Rice will travel to New York and the United Nations on Tuesday in a bid to broker a sustainable cease-fire as soon as possible to end the crisis in Gaza.

Was Madoff Jewel Ploy Another Fraud to Save Sons?

admin — Tue, 06 Jan 2009 17:58:21 +0000

From ClusterStock.com, Jan. 6, 2009: Given Bernie Madoff's skill at hiding a massive Ponzi scheme for decades, plus his reported obsessive-compulsive attention to details, we need to ask the same question that several readers have asked. ...

BlackRock’s Doll sees solid 2009 U.S. stocks gains (Reuters)

admin — Tue, 06 Jan 2009 17:48:14 +0000

Reuters - The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.

World stocks advance as oil rises to near $50 (AP)

admin — Tue, 06 Jan 2009 17:42:37 +0000

AP - World stock markets rose Tuesday as the New Year optimism continued amid relatively positive corporate news, particularly from the struggling British retailing sector, and despite some dismal U.S. economic data.

Talbots shares jump after it secures committed credit (Reuters)

admin — Tue, 06 Jan 2009 17:15:19 +0000

Reuters - Talbots Inc shares jumped 24 percent on Tuesday, a day after the women's apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.