Archive for July 23rd, 2009
Health care’s future may already exist
It’s time for your 2015 annual physical.
AmEx profits nearly cut in half
Profits at American Express were nearly cut in half in the latest quarter as the credit card giant moved to pay back the loan it received from the government’s financial sector bailout.
Watchdog criticizes Obama mortgage plan
A government watchdog raised questions about the Obama administration’s estimate that up to four million people could be helped by the president’s mortgage modification program.
Microsoft sales sink another 17%
Microsoft Corp. blamed weakness in the global PC and server markets for a sharp drop in quarterly revenue that badly missed Wall Street’s forecasts.
Wall Street rallies to best level of ‘09
Stocks rallied Thursday, with the Dow jumping 200 points and hitting its highest point since November, as investors welcomed better-than-expected quarterly results and home sales.
Amazon profit falls 10%
Read full story for latest details.
Banker: “TARP helped avert a global calamity”
Bank of New York Mellon is not a name familiar to retail customers, but its role in the financial system is important enough that it was one of the first nine banks persuaded to accept billions of dollars last October from the Troubled Asset Relief Program — in Bank of New York Mellon’s case, $3 billion. The company is the world’s largest custodial bank, handling more than $20 trillion in assets for other banks and investors.
Oil jumps to 2-week high
Read full story for latest details.
College graduates move back home
They’ve been dubbed boomerang kids and a recent poll by collegegrad.com shows that 80% of 2009 college graduates moved back in with their parents. That’s up quite a bit from recent years.
The Obama biotech boost
Fears about what President Obama’s health care reform plan may do to the earnings of drugmakers has caused many Big Pharma stocks to come down with the sickness this year.
