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KSA: Tadawul Index up 5.05% The Saudi stock market switched to a bullish mood at the start of a new week. The Riad-based TASI-index closed 5.05% at 4786.83 points on strong volumes (351,717,568 shares changed hands). 123 shares advanced and only 2 declined. National Industrialization Co. climbed 10%, as well as Al Ahsa, Thim'ar and Saqr Insurance did. Only Saudi Fransi insurance (down 2.91%) and Al Mojil Group (0.83% lower) lost value. The comeback hapens after Standard and Poor's affirmed the'A'-Rating (outlook: stable) of market petrochemical giant SABIC (up 8.84%). SABIC is considered a GCC market bellwether. [AMEInfo.com] AME InfoObama pushes stimulus plan, meets economic advisers WASHINGTON (Reuters) - President Barack Obama pledged on Saturday to use a proposed $825 billion economic recovery package to create jobs, improve health care and expand renewable energy. ReutersLarry Renfro named executive vice president UnitedHealth Group, Ovations CEO Most recently, Renfro was one of Fidelity Investments' most senior executive officers and a member of the Fidelity Executive Committee. topix.netWhy are Gold and EUR DivergingMr Swing Salmonella may have contributed to 7 deaths Health officials say the death of a Minnesota woman has been linked to the nationwide salmonella outbreak and now the infection ... USAtoday.comInsurance Riders For additional premiums most policies will include riders-provisions attached to the basic contract which give the policyholder extra benefits or options. Some of these are so common that they are automatically inserted in the policy, and the premium is quoted as part of the whole policy. E-ZineHICPAC to Get Update on Health Workers Vaccinations The CDC advisory committee's Feb. 12 meeting in Atlanta also will include a follow-up discussion on the HHS Healthcare-Associated Infections elimination plan. OHS OnlineHICPAC to Get Update on Health Worker Vaccinations The CDC advisory committee's Feb. 12 meeting in Atlanta also will include a follow-up discussion on the HHS Healthcare-Associated Infections elimination plan. OHS OnlineGermany: Continental chairman resigns Continental AG announced Saturday that its chairman was stepping down, only weeks the Schaeffler Group KG completed its purchase of the tire and auto parts maker. Schaeffler, which makes ball bearings, asked that Hubertus von Gruenberg resign as chairman of... San Francisco ChronicleInsurance and Tax Insurance death proceeds are specifically exempted by law from income tax liability whether they are paid to an individual, an estate, or a corporation. There is one major exception to the rule, however, and that is where a policy is sold or transferred for 'valuable consideration.' In such a case income taxes are payable on the part of the death proceeds which exceed the new owner's cost. ezinearticles.com1 2 3 |
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