Archive for December 17th, 2009
Dollar rises off 3-month lows
The dollar rose against major currencies Thursday as investors concerned about the stability of world markets sought a safe haven. Global stocks fell on Thursday after the Federal Reserve said Wednesday that it plans to hold interest rates steady.
RIM reports strong results, shares surge
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Nike posts lower profit, sales
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Citi’s holiday treat: No foreclosures for a month
Citigroup will suspend foreclosures and evictions for 30 days, giving 4,000 at-risk borrowers a break during the holiday season, the company said Thursday.
Oracle earnings top estimates, shares jump
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Stocks slump on global jitters
Stocks closed sharply lower Thursday after Greece received another credit downgrade and the dollar rose on the U.S. central bank’s cautious comments.
Oil dips on stronger dollar
Oil dipped to near $71 a barrel on Thursday as the dollar climbed to a three-month high against the euro.
Gold plummets as the dollar firms
Gold prices plunged Thursday as the dollar surged against the euro amid concerns about the economic health of certain European nations.
Luxury prices: To cut or not to cut?
Step into Nordstrom a year ago for handmade Italian pumps and flats from designer Anyi Lu and you’d be shelling out as much as $595 a pair. This season, everything in the spring collection that hits stores next month goes for under $400. For CEO David Spatz, adjusting prices downward simply made sense: “The days of conspicuous consumption are over,” he says.
Suddenly, safe haven Treasurys get tricky
The flight-to-safety crowd could be in for a bumpy landing.
