August 14th, 2009
Daily News
THE CLOSING BELL — DOWN 76: The fear on Wall Street is that nervous consumers are going to short-circuit the economic recovery. NYSE, NASDAQ » BLOG: South Bay business news
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August 13th, 2009
Daily News
THE CLOSING BELL — UP 6:Wall Street’s major indexes managed to hold on Thursday to their gains from the big rally that followed the Federal Reserve’s upbeat comments one day earlier. NYSE, NASDAQ » BLOG: South Bay business news
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August 12th, 2009
Daily News
THE CLOSING BELL — UP 120: Stocks shot higher Wednesday after the Fed, ending a two-day policy meeting, issued a more optimistic view of the economy and said it appears to be “leveling out.” That was a change from the central bank’s June assessment that the economy was shrinking at a slower pace. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » Fed signals vote of confidence in economy » June trade deficit rises to $27B, imports up » Boeing delivers first C-17 to Qatar » Kaiser Permanente to cut 1,850 jobs » Oil rises as US imports jump » Mexico: Falling oil could worsen recession » EU markets up, despite Asian jitters » WTO win could open China’s doors to US firms » Home sales rise from 1Q to 2nd » BLOG: South Bay business news
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August 12th, 2009
Daily News
LANCASTER — Small business owners today can learn about purchasing and contracting opportunities with local, state and federal agencies at a workshop hosted by a Los Angeles County supervisor.
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August 11th, 2009
Daily News
Stocks have closed sharply lower Tuesday as Fed policymakers began a two-day meeting that could provide new insight into how the economy is faring. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » Google provides peek into new search engine » US refineries used stolen Mexican oil, Feds charge » Oil dips below $71 ahead of US Fed meeting » Gas prices increasing, but at slower rate » July sees big jump in fuel efficiency of new cars » Productivity rises more than expected in 2Q » Wholesale inventories fall for 10th straight month » Labor sec’y says green jobs hiring will pick up » Watchdog says bad assets still threaten banks » BLOG: South Bay business news
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August 10th, 2009
Daily News
THE CLOSING BELL — DOWN 32: Stocks fell modestly Monday in the absence of any major corporate or economic developments. Investors were also cautious ahead of earnings reports from major retailers and a two-day meeting of the Federal Reserve on interest rates that starts Tuesday. Bond prices jumped as stocks fell. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » eBay, GM to start selling cars Tuesday » Asia rallies as EU stocks dip modestly » Toshiba to join rival Blue-ray camp » Oil falls below $71 ahead of US retail reports » Japan core machinery orders up 9.7% in June » Feds hold back $100M in oil drill leases » Treasurys rebound as stocks fall » BLOG: South Bay business news
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August 7th, 2009
Daily News
THE CLOSING BELL — UP 114: Major stock indexes barreled higher by more than 1 percent Friday after the government said the nation’s unemployment rate unexpectedly fell in July for the first time in 15 months and that employers cut fewer jobs. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » Job losses dip for first time in 15 months » EPA pushes new emission rules on container ships » Japan Airlines books $1B loss in 1Q » Delta to cut more management jobs » EU stocks rise on US jobs report » Oil ends higher for 4th consecutive week » Now hiring: Everywhere you didn’t want to work » BLOG: South Bay business news
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August 5th, 2009
Daily News
THE CLOSING BELL — DOWN 39: Stocks fell moderately Wednesday after a lackluster reading of the service industry added to investors’ anxiety over the government’s jobs report on Friday. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » Treasury to auction a record $75B in 3Q » Factory orders unexpectedly increase in June » Postal service loses $2.4B in 3 months » US jobs, service data weigh on world markets » Toyota plans new sports car » Clunker rebates likely for another month » P&G’s 4Q profit falls 18% » Wednesday’s global economic developments » Oil prices near $72 despite robust supplies » BLOG: South Bay business news
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August 4th, 2009
Daily News
THE CLOSING BELL — UP 34: Investors made few big moves Tuesday after stocks rocketed 14 percent in just 16 days. The market put up modest gains as many traders held their positions and looked toward the Labor Department’s employment report on Friday. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » Consumer spending rises in June, incomes drop » GMAC Financial posts wider 2Q loss of $3.9B » 2 big banks lag in mortgage aid program » US homes data helps European markets pare losses » PepsiCo to buy bottlers in deals totaling $7.8B » Toyota reports $819 million quarterly loss » Tuesday’s global economic developments » Upbeat stocks beat up on Treasurys » BLOG: South Bay business news
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August 3rd, 2009
Daily News
THE CLOSING BELL — UP 115: The stock market extended its summer rally Monday as reports on manufacturing, housing and banking draw more buyers into a market already up sharply since mid-July. NYSE, NASDAQ TODAY’S BUSINESS NEWS: FOLLOW THE MONEY: » Web site promises to keep track of how stimulus is being spent » US mfg. contraction slowest since August » Construction spending rises unexpectedly » Nissan rolls out electric car for mass market » Automakers get sales boost from ‘Cash for Clunkers’ » GM buyouts fall short, layoffs loom » SoCal gas prices continue upswing » Oil tops $71 on recovery optimism » Foreclosures stabilize in California » Molson Coors reports 2Q profit doubles » World markets up on mfg. recovery hopes » BLOG: South Bay business news
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