Thu, 18/11/2010 - 09:30 by Prince damin
New York -- U.S. markets closed mixed Wednesday after the Department of Labor Statistics said consumer prices rose 0.2 percent in October.
The index came in below the consensus forecast of a 0.3 percent rise. A month ago, the index rose 0.1 percent. Core prices, which exclude food and energy, were flat, the department said.
Wall Street investors also reacted to Tuesday's selloff and to concerns over a European Union bailout for Ireland. The Dow Jones industrial average lost 178.47 points, or 1.59 percent Tuesday. The Standard & Poor's 500 lost 19.41 points, or 1.62 percent.
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Wed, 27/10/2010 - 04:16 by Prince damin
New York -- U.S. home prices rose less than expected on an annual basis in August, a closely-watched index released Tuesday said.
The S&P/Case-Shiller 20-city composite index of home prices for August rose 1.7 percent from a year ago, falling short of the 2.2 percent increase economists had predicted.
In a separate report, the Federal Housing Finance Agency said home prices rose 0.4 percent in July to August, using an index that tracks only prices on mortgages backed by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp., better known as Fannie Mae and Freddie Mac.
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Thu, 21/10/2010 - 21:50 by Prince damin
New York -- Crude oil prices slid overnight to close to $82 per barrel on the New York Mercantile Exchange, a correction prompted by a $2.34 price run-up Tuesday.
December delivery light, sweet crude oil dropped 47 cents to $82.07 per barrel. Heating oil prices also corrected lower, losing 0.24 cents to $2.2705 per gallon. Reformulated gasoline blendstock lost 0.12 cents to $2.0717 per gallon.
Henry Hub natural gas prices lost 6.9 cents overnight to $3.47 per million British thermal units.
At the pump, the national average price of unleaded gasoline was unchanged Thursday at $2.831 per gallon, AAA said.
Copyright 2010 United Press International, Inc. (UPI).
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Thu, 07/10/2010 - 09:44 by Prince damin
Chicago -- Grain futures closed modestly lower on the Chicago Board of Trade Wednesday as stocks were flat on Wall Street after Tuesday's rally.
Corn was off 2 1/2 to off 2 3/4, soybeans were off 9 to off 9 3/4, wheat was off 5 1/4 to off 5 3/4 and oats were off 3/4 to up 1 1/4.
Corn prices were pressured by a rapidly progressing harvest in the Midwest. Wheat futures rose early, but slide despite Tunisia purchasing 25,000 metric tons of a 67,000 metric ton tender for soft milling wheat. Harvest progress also pressured soybean prices with beneficial weather expected in Canada in canola growing areas.
The prices:
Corn: Dec. 4.88 1/2, off 2 1/2; Mar 4.99 1/4, off 2 1/2; May 5.05 1/4, off 2 3/4; Jul 5.09 1/4, off 2 1/2.
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Fri, 17/09/2010 - 05:47 by Prince damin
New York -- U.S. markets closed mixed Thursday after the Labor Department reported 3,000 fewer first-time jobless claims were filed in the week ending Sept. 11.
It was a marginal drop in a total figure of 450,000 claims filed, but it was the second consecutive week claims fell. In the previous week, first-time claims fell by 27,000.
After spending most of the day in negative territory, the Dow Jones industrial average closed higher, gaining 22.10 points, 0.21 percent, to 10,594.83. The Standard & Poor's 500 index lost 0.04 percent, 0.41, to 1,124.66. The Nasdaq composite index added 0.08 percent, 1.93 points, to 2,303.25.
On the New York Stock Exchange, 1,259 stocks advanced and 1,718 declined on a volume of 4.1 billion shares traded.
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Tue, 14/09/2010 - 05:03 by Prince damin
Las Vegas -- The Liberace Museum in Las Vegas will close its doors next month, a museum official said.
Liberace Foundation Board of Directors Chairman Jeffrey Koep said museum attendance has been declining for years and its closure is a "straightforward business decision," the Las Vegas Sun reported.
The museum opened in 1979 and had as many as 450,000 visitorsper year at one time, but the number has dropped to about 50,000.
It exhibits jewelry, pianos, gowns and other items once belonging to the pianist and showman.
The museum has 31 employees, including 12 to 14 full-time staff.
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Tue, 14/09/2010 - 05:02 by Prince damin
Las Vegas -- The Liberace Museum in Las Vegas will close its doors next month, a museum official said.
Liberace Foundation Board of Directors Chairman Jeffrey Koep said museum attendance has been declining for years and its closure is a "straightforward business decision," the Las Vegas Sun reported.
The museum opened in 1979 and had as many as 450,000 visitorsper year at one time, but the number has dropped to about 50,000.
It exhibits jewelry, pianos, gowns and other items once belonging to the pianist and showman.
The museum has 31 employees, including 12 to 14 full-time staff.
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Mon, 13/09/2010 - 00:18 by Prince damin
Las Vegaas -- The Liberace Museum in Las Vegas will close its doors next month, a museum official said.
Liberace Foundation Board of Directors Chairman Jeffrey Koep said museum attendance has been declining for years and its closure is a "straightforward business decision," the Las Vegas Sun reported.
The museum opened in 1979 and had as many as 450,000 per year at one time, but the number has dropped to about 50,000 now; it exhibits jewelry, pianos, gowns and other items once belonging to the pianist and showman.
The museum has 31 employees, including 12 to 14 full time staff.
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Sat, 04/09/2010 - 07:06 by Prince damin
Chicago -- Grain futures closed strongly higher across the board on the Chicago Board of Trade Friday on stout export demand and a lower dollar.
Corn was up 15 1/4 to up 17, soybeans were up 22 1/4 to up 26, wheat was up 21 1/2 to up 27 1/2, oats were up 9 to up 11.
A surge in wheat coupled with a lower dollar and stop-selling near the December and January highs pushed corn higher, with an early harvest in the offing. Soybeans found support in equity markets and beliefs increased soybean acreage in Brazil won't lead to a bigger crop with a drought-inducing La Nina weather pattern shaping up. Strong export demand and a lower dollar boosted wheat along with a lower world crop estimate from a widely followed German crop forecaster.
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Wed, 11/08/2010 - 06:59 by Prince damin
New York -- U.S. markets closed lower Tuesday after the Federal Reserve said the economic recovery had slowed.
The Fed's Open Market Committee said "the pace of recovery in output and employment … slowed in recent months."
The announcement signals a change in economic strategies, as the central bank turns its attention from keeping a recovery going to keeping it from slipping away.
Markets turned higher with the announcement but did not make it to break even by the close of trading.
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Thu, 15/07/2010 - 10:34 by Pankaj Damin
New York -- U.S. stock indexes closed mixed Wednesday on poor U.S. retail sales, wary words from the U.S. Federal Reserve and strong earnings from chipmaker Intel Corp.
The Dow Jones industrial average edged up 3.7 points, or 0.04 percent, to close at 10,366.72.
The broader Standard & Poor's 500-stock index slipped 0.17 points, or 0.02 percent, at 1,095.17.
Volume on the New York Stock Exchange was about 4.1 billion shares traded.
The technology-heavy Nasdaq rose 7.81 points, or 0.35 percent, to 2,249.84.
U.S. retail sales fell 0.5 percent in June after falling 1.1 percent fall in May, the U.S. Commerce Department said Wednesday. Most analysts expected June U.S. retail spending to fall about 0.3 percent.
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Sun, 11/07/2010 - 00:50 by Pankaj Damin
Baltimore -- Regulators say they closed down four banks in three states Friday, bringing the total number of failed banks taken over in the United States this year to 90.
The small banks, which totaled $560.7 million in deposits and $664.5 million in assets, included two in Maryland and one each in New York and Oklahoma.
In Maryland, the two branches of Bay National Bank were sold to Bay Bank. A buyer was not found for Ideal Federal Savings Bank, which had $5.8 million in deposits. The Wall Street Journal said the Federal Deposit Insurance Corporation approved a $2.1 million insurance payout.
USA Bank in Port Chester, N.Y., was taken over by New Century Bank of Pennsylvania at a cost to the FDIC fund of about $17.4 million.
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