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Economy - Friday (Investor`s Business Daily)
Investor's Business Daily - The Economic Cycle Research Institute's Weekly Leading Index rose 1.2 points in the week ended Dec. 26 to 108. Lower jobless claims outweighed lower stock prices. The annualized growth rate rose to -28.7% from -30.2%, but that's still deeply negative. 'Despite a three-week uptick, WLI growth remains close to its all-time low seen in early December, which tells us that the recession will persist for the time being,' said Lakshman Achuthan, ECRI's managing director.
yahoo.com

Market`s Dip Spares Banks
Financials were the session's silver lining after the Treasury said it planned to invest directly in banks.
Smartmoney

Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds (Business Wire)
NEW YORK----The BlackRock closed-end funds listed below announced distributions.
yahoo.com

Coping With Cutbacks In Your 401(k) (Investor`s Business Daily)
Like the freezing winter weather itself, the economic downturn put a new chill into more American homes in recent weeks.
yahoo.com

Teachers may see retirement plan changes in 2009 (AP)
School teachers, college professors and hospital employees should keep an eye out for changes in their retirement plans this year. That's because they are among the 10 million workers at nonprofit and educational organizations who may face fewer investment choices and tighter restrictions on how they can use the money in their retirement plans because of new IRS rules.
yahoo.com

After Hours: Synovus girds for loan losses, as Qimonda battles for listing
Synovus shares tumble after the banking company says it plans to set aside more funds for loan losses, laying blame on the Atlanta housing market, while chip firm Qimonda details its efforts to maintain an NYSE listing.
Telegraph

Broadstripe files Chapter 11
Broadstripe LLC filed for Chapter 11 bankruptcy protection Friday and plans to restructure, the Chesterfield-based video, broadband and home phone service company said.
Bizjournals.com

Nonprofit employees invest in 403(b) plans (AP)
Similar to 401 plans, the IRS designed 403 retirement plans to serve employees of tax-exempt organizations. The employers offering such plans include public school systems, hospitals and other health care organizations, universities, certain ministers, and tax-exempt groups established under IRS code section 501.
yahoo.com

NPR: Credit Freeze Puts A Chill On Startup Companies
The prospect of a prolonged economic downturn has hit businesses hard, but the frozen capital markets have had a particularly chilling effect on ...
Inform

U.S. steel industry urges "buy America" recovery plan - Focus Infomation
Washington. The ailing U.S. steel industry is pressing President-elect Barack Obama for a public works plan that could be worth USD 1 trillion over two years to boost flagging demand for U.S.-made steel, Reuters informed. Daniel DiMicco, chairman and ...
Feed Digest

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November 2009
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September 2009
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