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Alert-17:02 ACM Precious Metals Report: Gold Skyrockets on Investors Seek Shelter Gold Bulls sought victory bidding up the price through ETF and other derivative related activity. The precious metal faced a brief drop below $920, but momentum snapped prices back into a general upward trend. Volume subsided towards the latter end of the session, but the resurgence of gold as an instrument to effectively hedge risk and guard inflation should give Traders optimism for more upside... Alerts FeedOh yes its a recession all rightMr. Swing Fairholme Funds 2008 Reportmrswing.com Subdued outlook from P&G drags down shares US consumer goods group cut its full-year profit forecast after reporting its first fall in earnings from continuing operations since 2001 FT.comReport: Dell working on Android phone Dell Inc. is planning to enter the cell phone market to offset slumping sales of personal computers, according to published reports. (DELL) (AAPL) (RIMM) (GOOG) (MSFT) Bizjournals.comEscalade, Inc.: Escalade Announces Executive Management Change EVANSVILLE, IN (MARKET WIRE) Escalade, Incorporated (NASDAQ: ESCA) announced today that it has accepted the resignation of Terry D. Frandsen as Vice President and Chief Financial Officer. Robert J. Keller, Escalade's President and Chief Executive Officer, said that the Company and Mr. Frandsen had reached a mutual decision for Mr. Frandsen to leave Escalade. Mr. Frandsen's resignation does not impact or in any way relate to the financial statements or reporting of Escalade or its subsidiaries. Marketwire.comCigarette consumption rises in Hong Kong after smoking ban Cigarette consumption in Hong Kong is up almost 14 percent since a smoking ban was introduced in the city two years ago, a news report said Saturday. Big News NetworkL.A Times to cut 300 jobs, daily section: report SAN FRANCISCO (MarketWatch) -- The Los Angeles Times will cut about 300 jobs and shrink its number of daily sections to four from five, The Associated Press reported Friday, citing an internal memo. The paper also told employees it will cut 70 newsroom jobs, or about 11% of its editorial department, according to the AP. The L.A. Times is owned by Tribune Co., which is currently under Chapter 11 bankruptcy protection.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.com1st Pacific Bancorp: 1st Pacific Bancorp Reports 2008 Year End Results SAN DIEGO, CA (MARKET WIRE) 1st Pacific Bancorp (NASDAQ: FPBN), the holding company for 1st Pacific Bank of California, today reported a net loss for the year ended December 31, 2008 of $14.9 million, or ($3.01) per diluted share, compared to net income of $2.5 million, or $0.52 per diluted share, for the year ended December 31, 2007. The net loss was primarily the result of a one-time, non-recurring 100% write down of goodwill in the amount of $10.4 million and $8.95 million in provisions for loan losses during the year. Additionally, rapidly falling interest rates caused significant compression of our net interest Market WireU.S. economy posts fastest decline in 26 years The U.S. economy shrank at its fastest pace in 26 years from October through December, the government reported on Friday, in the broadest accounting yet of the toll of the credit crisis. International Herald Tribune1 2 3 4 5 |
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