Archive for February 5th, 2010
Stocks claw out a gain after late rally
Stocks erased big losses by the close Friday, with technology shares leading the advance, following a three-session rout that had taken the market to its lowest point since last fall.
Goldman’s Blankfein collects $9 million bonus
Goldman Sachs stunned many in the Wall Street community Friday by awarding chief executive Lloyd Blankfein $9 million as his year-end bonus, far less than many were anticipating, and none of it in cash.
Buyer interest in Prius grows. Say what?
By now, you’ve heard that some 2010 Toyota Priuses have a braking problem blamed for several crashes. That sounds scary, but to some it sounds like a deal.
Oil falls toward $70 after jobs report
Oil prices fell Friday after a mixed report on the employment picture.
Treasurys gain on global economic jitters
Treasurys rose Friday as concerns about struggling European economies overshadowed a mixed U.S. jobs report and boosted demand for safe-haven assets.
Alan Greenspan fights back
When the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. “I knew that he would continue the legacy of Alan Greenspan, and I was right,” said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate’s only (admitted) socialist: “He said it publicly — I want to follow in the footsteps of Alan Greenspan. Alan Greenspan’s philosophy is a disaster.” Jeff Merkley (D-Ore.) said Bernanke “helped set the fire that destroyed our economy.” Only helped, that is — and we all know whom he helped.
Dollar strengthens after jobs report
The dollar rose against its main trading partners Friday amid ongoing concerns about sovereign debt problems in Europe and a mixed report on the U.S. job market.
Countdown to a new job … 211 days
It’s no wonder unemployed workers are getting discouraged: It’s never taken longer to find a new job.
Consumer credit falls for 11th straight month
Consumer credit declined in December for the 11th straight month, but the pace slowed considerably, according to a government report released Friday.
Europe’s PIGS don’t fly
Bets against the fiscally unfit are multiplying, and there’s no telling where they will stop.
