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Thursday,
26 February 2009
Citi Confronts Global Fallout as US Nears Deal on Stake
By DAVID ENRICH, HEIDI N. MOORE and JOANN S. LUBLIN Citigroup Inc. is closing in on an agreement to boost the federal governments stake in the company to as much as 40%, according to people familiar with the situation.
(Source: Wall Street Journal) read more...
Thursday,
26 February 2009
TREASURIES-Inch up in Asia before 7-year note auction
By Rika Otsuka TOKYO, Feb 26 (Reuters) - US Treasuries inched up in Asia on Thursday, helped by gains in Japanese government bonds, but trade was light as investors awaited a $22 billion seven-year note auction later in the day, the first...
(Source: Reuters) read more...
Thursday,
26 February 2009
California had most mass layoffs in January
California shed more workers than any other state because of mass layoffs, with 54150 losing their jobs last month. It was followed by New York at 31890, Pennsylvania at 29660 and Ohio at 27970, according to a report by the US Bureau of Labor
(Source: Bizjournals.com) read more...
Thursday,
26 February 2009
TJX Net Falls 17%, Topping Streets Estimates
TJX Companies (TJX), which operates TJ Maxx, Marshalls and HomeGoods chains across the US, saw a 17% drop in the fourth quarter and said it wouldn’t issue a full-year sales forecast given the precarious state of the economy.
(Source: FOXBusiness) read more...
Thursday,
26 February 2009
Lewis Calls Merrill, Countrywide ‘Stars,’ Expects Gains Ahead
By Margaret Popper and David Mildenberg Feb. 26 (Bloomberg) -- Bank of America Corp.’s purchases of Merrill Lynch & Co. and Countrywide Financial Corp.
(Source: Bloomberg) read more...
Thursday,
26 February 2009
Australian, NZ Dollars Slip as Asia, US Slumps Deepening
By Candice Zachariahs Feb. 26 (Bloomberg) -- The Australian and New Zealand dollars slid after government reports in Asia, Europe and the US increased concerns the global recession is deepening.
(Source: Bloomberg) read more...
Thursday,
26 February 2009
Salesforce.com: Silver Lining on a Recessionary Cloud
By Ben Worthen It’s not all gloom and doom in the tech sector: Salesforce.com’s revenue jumped 34% for the quarter, the company announced Wednesday.
(Source: Wall Street Journal) read more...
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