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bendjaminstokson posted Stock futures point to gains after G20 | Nov 9, 2009
(Reuters) – Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 0.8 percent at 5:10 a.m. EST. Finance ministers and central bankers of the Group of 20 on Saturday pledged to...
bendjaminstokson posted Report: Goldman Sachs looks to buy tax credits | Nov 2, 2009
NEW YORK – Wall Street giant Goldman Sachs Group Inc. is reportedly in talks to buy tax credits from Fannie Mae, a government-controlled mortgage financier. The Wall Street Journal reported Monday the credits, tied to incentives to boost investments in low-income housing, would allow Goldman to...
bendjaminstokson posted Geithner: U.S. recession remains alive and acute | Oct 31, 2009
WASHINGTON, Oct. 29 (Xinhua) -- The U.S. recession remained "alive and acute" despite the economy recording its strongest growth in two years, said Treasury Secretary Timothy Geithner on Thursday. "Unemployment remains unacceptably high for every person out of work. For every family facing...
bendjaminstokson posted Ericsson Posts Sharp Decline in Profit | Oct 22, 2009
PARIS — Ericsson, the Swedish maker of wireless networking gear, said Thursday that its third-quarter profit declined more than expected as continuing economic weakness weighed on demand. The company’s shares fell 7.5 percent in Stockholm morning trading. Net profit dropped 71 percent to 810...
