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News February-11 2009
Moving with lightning speed, key lawmakers announced agreement Wednesday on a $789 billion economic stimulus measure designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the bill within days.
Calender 2009
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Stock Market February-3- 2009
Stocks jump following rebound in home sales- AP Some heartening news on home sales and earnings Tuesday has let Wall Street set aside a little of its angst. Major stock indexes jumped more than 1 percent Tuesday, and the Dow Jones industrials rose more than 140 points to snap a three-day slide as some of the day's data turned out to be more upbeat than expected.
The Financial Markets February-2nd 2009
Stocks Pare Losses in Late Trading; Dow Closes Below 8,000- AP Investors worrying about a deepening recession have been cherry-picking stocks, sending tech shares higher and financials and blue chips lower. The market's concerns Monday focused on two fronts: the economic stimulus proposal that is now before the Senate, and a possible plan to give further aid to the nation's banks. Personal bankruptcies surged to more than 1 million filings in the United States in 2008 -- the most since a rewrite of bankruptcy laws went into effect in 2005. Filings of Chapter 7 and Chapter 13 bankruptcies rose 33% in 2008 as the economy worsened, according to data from U.S. bankruptcy courts and compiled by bankruptcy data firm Automated Access to Court Electronic Records. Chapter 13 bankruptcy allows people to pay off debts under a three- to five-year plan; Chapter 7 bankruptcy allows for a discharge of all debts.U.S. stocks close mainly off; technology boosts Nasdaq January could mark new low ...