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Indian shares up in early trading to start 2009 with gains
HONG KONG (MarketWatch) -- Indian shares advanced Thursday on the first trading day of 2009, paced by ICICI Bank after the lender cut its lending and deposit rates by at least half a percentage point. The benchmark Sensitive Index, or Sensex, rose 0.9% to 9,729.82 in early trading, after losing more than 52% of its value in 2008 and in the wake of an overnight advance on Wall Street. Most other majors markets were closed for a holiday, including in Tokyo, Hong Kong, Sydney, Shanghai, Seoul, Singapore, Taipei and Bangkok.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

Todays Zacks Rank Aggressive Growth Buy: Diamond Foods, Inc.
Diamond just announced a record for monthly snack sales.
Zacks

Markets Limp Into 2009 After a Bruising Year
On Wall Street, about $7 trillion of shareholders' wealth the gains of the last six years was wiped out in 2008.
NY Times

India`s ICICI Bank cuts lending, deposit rates
HONG KONG (MarketWatch) -- India's ICICI Bank has cut its lending rates by a half percentage point and interest rates on retail fixed deposits by up to 0.75 percentage points, in the wake of similar moves by the private-sector lender's state-owned peers. The bank slashed its prime lending rate to 16.75% from 17.25%. It has also cut its floating interest rates by a half-point to 13.75%, a move expected to benefit its home and auto loan customers.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

Wall Street closes out worst year since Depression
NEW YORK (Reuters) - Wall Street closed out its worst year since the Great Depression on Wednesday after an unstoppable credit crisis and a dreadful economic outlook left investors questioning their faith in stock markets.
tiscali.co.uk

Tough economy yields rough times for Valley - Beacon News
Terms like foreclosure, bailout and recession became part of everyday vocabulary in 2008, a year when the economy locally and nationally took a beating. At first, talks of a rough economy ahead were taken lightly. The housing market had slowed, but ...
Feed Digest

Canadian Markets: Second-half rout punishes TSX; year ends with 35% loss
Canadian stocks Wednesday got a late-afternoon lift from surging oil prices, putting a positive finish on a year bruised by the commodity sell-off and credit crunch.
Market Watch

3 Gold Miners That Stand to Sparkle from Growing Demand
Investment U submits: Trillions and trillions of new paper is flooding Wall Street. While it’s working to stabilize world markets in the short term, it will result in longer-term debasement of paper currencies. And it’s making gold the place to be right now.Here’s the interesting thing. Gold is normally a hedge against inflation and financial catastrophe, but it’s really not acting out its part very well. Gold stores are up. Investors are so preoccupied with the financial meltdown and the short-term weakness in the economy, that they’re ignoring the coming inflation.Complete Story »
Seeking Alpha

Gold Shines Brighter Thanks to Fed
Money Morning submits: By Don Miller The currency markets' reaction to the Federal Reserve’s recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.Complete Story »
Seeking Alpha

SpectraSensors Reorganizes Sales and Marketing Team
Jorge Jones appointed Vice President Marketing & Business Development to head Strategic Marketing, Product Management and Business Development. Houston, TX (
Big News Network

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