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Thu, 23/12/2010 - 07:11 by Dan Caplinger
The bond market has gone into free fall in recent weeks. But bond guru Bill Gross apparently thinks it's much ado about nothing -- and he's letting his money do the talking for him. |
Sat, 11/12/2010 - 12:33 by Rich Smith
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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Thu, 09/12/2010 - 08:29 by Prince damin
Washington -- U.S. crude oil inventories fell by 3.8 million barrels in the week ending Dec. 3, the U.S. Energy Information Administration said Wednesday.
The agency said in the weekly report that crude inventories dropped to 355.9 million barrels during the week, with supplies remaining above the upper limit of the average range for this time of year.
Gasoline inventories rose by the same 3.8 million barrels to 214 million barrels and are near the upper limit of the average range for this time of year.
Supplies of distillate fuels, which include heating oil, rose by 2.2 million barrels to 160.2 million barrels.
Inventories of finished gasoline and gasoline blending components rose during the week, the energy agency reported.
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Wed, 08/12/2010 - 11:34 by Prince damin
Los Angeles -- The U.S. cable network TNT confirmed Eliza Dushku has dropped out of its pilot for the drama series "Bird Dog."
Dushku was to play a police officer who teams up with her father, also a police officer.
"Hey guys! News to report~ We have mutually & AMICABLY decided to part ways on "Bird Dog" due to creative differences. No worries/fears/tears!" The Hollywood Reporter quoted Dushku as saying via Twitter Monday.
Neither TNT nor Dushku offered details about the "creative differences" that led to the actress' departure.
Dushku is best known for her work on TV's "Dollhouse," "Tru Calling" and "Buffy the Vampire Slayer."
Copyright 2010 United Press International, Inc. (UPI).
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Tue, 07/12/2010 - 22:56 by Prince damin
Overland Park, Kan. -- U.S. telecommunications giant Sprint Nextel said it would restructure its network over the next seven years to save up to $11 billion.
Sprint said it would spend $5 billion on contracts with Samsung, Alcatel-Lucent and Ericsson to "bring together multiple spectrum bands, or airwaves, on a single, multimode base station." It would also phase out the iDen network, starting in 2013, that it purchased with its $35 billion acquisition of Nextel in 2005.
Sprint said the system would result in greater flexibility, fewer dropped calls and massive savings.
Heavy Reading consultant Berge Ayvazian called Sprint's initiative "a very bold move."
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Sat, 04/12/2010 - 12:24 by Anders Bylund
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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Wed, 01/12/2010 - 06:47 by Prince damin
New York -- U.S. markets slipped Tuesday, as gains in home prices slowed further in the third quarter while a manufacturing index in Chicago rose.
The closely-watched Case-Shiller Home Prices Index showed home prices dropped 2 percent July-September after climbing 4.7 percent in the second quarter. In September, prices fell in 18 of 20 cities monitored month-to-month.
The Kingsbury Chicago Purchasing Managers Barometer, however, showed improvement, the index climbing to 62.5 in November from 60.6 a month ago.
By close of trading, the Dow Jones industrial average gave up 46.47 points or 0.42 percent to 11,006.02.
The DJIA fell for the third consecutive trading session and for the fifth day out of the past six.
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Wed, 01/12/2010 - 06:14 by Prince damin
New York -- Stocks slipped early on Wall Street Tuesday, as gains in home prices slowed further in the third quarter while a manufacturing index in Chicago rose.
The closely-watched Case-Shiller Home Prices Index showed home prices dropped 2 percent in July-September after climbing 4.7 percent in the second quarter. In September, prices fell in 18 of 20 cities monitored in a month-to-month comparison.
The Kingsbury Chicago Purchasing Managers Barometer, however, showed improvement, the index climbing to 62.5 in November from 60.6 a month ago.
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Thu, 25/11/2010 - 06:57 by Prince damin
New York -- U.S. markets turned higher Wednesday, regaining Tuesday's losses despite a drop in factory orders in Europe and the United States.
Eurostat said industrial orders fell 3.8 percent in the euro zone in September compared to August and dropped 2.5 percent in the 27-member European Union. In Washington, the Commerce Department said new orders for durable goods fell 3.3 percent in October after a 5 percent increase in September.
In an early release to accommodate the Thanksgiving holiday, the Department of Labor said weekly first-time unemployment benefit claims fell by 34,000 in the week ending Nov. 20.
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Sat, 20/11/2010 - 08:05 by Prince damin
New York -- Gold and oil prices fell in New York with the dollar down slightly Friday.
The dollar index fell 0.12 percent from 78.65 to 78.53.
Gold and oil prices also lost some ground. In late afternoon trading, gold prices on the Comex division of the New York Mercantile Exchange shed $1.40 to $1,351.60. Crude oil prices for January delivery lost 34 cents to $81.61 per barrel.
The dollar was mostly lower with some gains. The U.S. standard rose against the Australian dollar, the South Korean won, the British pound and the Russian ruble. It also rose against the South African rand. It fell against currencies from India, Taiwan, Sweden, Switzerland and Denmark.
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Thu, 18/11/2010 - 22:52 by Prince damin
Ottawa -- Canada's leading indicator index rebounded in October from September's drop, Statistics Canada said Thursday.
After a 0.2 percent drop in September, the index regained 0.2 percent in October with six of 10 index components rising in the month.
Manufacturing components were mixed with the ratio of shipments of goods to inventories rising and the rate of decrease in new orders slowing "markedly," the report said.
The housing index continued a decline into the sixth month, but demand for durable goods, excluding furniture and appliances, rose with the increase led by a rising demand for automobiles.
Copyright 2010 United Press International, Inc. (UPI).
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Thu, 18/11/2010 - 07:21 by Prince damin
Washington -- The Mortgage Bankers Association said U.S. mortgage activity fell 14.4 percent in the latest weekly survey, as long-term interest rates rose.
Interest rates for 30-year, fixed-rate mortgages, unchanged a week ago, rose from 4.28 percent to 4.46 percent. Rates for 15-year fixed-rate contracts, also unchanged last week, rose from 3.64 percent to 3.87 percent, the MBA said.
Average points for 30-year contracts rose 1.04 to 1.13. Points for 15-year mortgages fell from 1.08 to 0.91.
The MBA's Market Composite Index, indicating the volume of new mortgage activity, fell 14.4 percent in the week ending Nov. 12. The Refinancing Index dropped 16.5 percent, the trade group said.
Copyright 2010 United Press International, Inc. (UPI).
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