Gold Price Bubble? Gold prices, what's ahead?
Stock Market Up and down, but when is the next bubble?
WASHINGTON–Pennsylvania Republican Senator Arlen Specter said on Tuesday he will switch parties, moving Democrats closer to a 60-vote Senate majority that would allow them to break Republican procedural roadblocks. Senate Democratic Leader Harry Reid said Specter will begin working immediately with Democrats, who would then control 59 seats in the 100-member Senate — one vote [...]
Most U.S. stocks rose as a bigger- than-expected increase in consumer confidence and a slower drop in home prices offset concern that banks need more capital and the swine-flu outbreak will thwart an economic recovery. AT&T Inc. and Kraft Foods Inc. helped lead gains in the Dow Jones Industrial Average after the Conference Board’s sentiment [...]
DETROIT–General Motors Corp (GM: 1.83, -0.22, -10.73%) on Monday offered its final plan to reorganize outside bankruptcy by slashing bond debt, cutting over 21,000 more U.S. jobs and emerging as a nationalized automaker under majority control by the U.S. government. GM Chief Executive Fritz Henderson said the automaker would file for bankruptcy protection if an [...]
NEW YORK — New York City Health Commissioner Thomas Frieden on Tuesday said “many hundreds” of students are sick at a school hit by swine flu, the Associated Press reported. While those cases were not officially confirmed, the students have the same symptoms as those in confirmed cases, Frieden was quoted as saying. Earlier, the [...]
Among the few notable exceptions to the Dow’s generally down day on Monday was Foster City’s Gilead Sciences Inc., which climbed nearly 4 percent to close at $47.53. Could have something to do with the royalties they’re collecting on Tamiflu, the influenza drug the biotech company invented and sold to Swiss pharma Roche Holding AG [...]
* On high alert, but most take wait-and-see approach * Google closes Mexico office * Ernst & Young unsure if New York staffer has swine flu * Xerox investigating possible case in Mexico * DuPont, Nokia, Honda limit travel Companies began restricting employee travel in response to a potential flu pandemic that has claimed at [...]
The Obama Administration said Tuesday it will throw an additional lifeline to struggling homeowners by giving lenders incentives to reduce borrowers’ monthly payments on second mortgages. “With these latest program details, we’re offering even more opportunities for borrowers to make their homes affordable under the administration’s housing plan,” Treasury Secretary Timothy Geithner said in a [...]
Google Inc (GOOG.O) closed its Mexico office for the day on Tuesday, as concerns of swine flu grip the country. The Internet company told staff at its Mexico City office to stay home out of “an abundance of caution,” a Google spokeswoman said. Google declined to comment on the number of employees that work at [...]
The Los Angeles County coroner’s office is investigating two recent deaths for links to swine flu. Coroner’s Capt. John Kades says tests are being run on two bodies to see if swine flu was a factor in their deaths, but there is no confirmation that the disease killed them. The Los Angeles Times reports on [...]
BANGALORE–U.S. regulators have told Bank of America Corp (BAC: 8.331, -0.579, -6.5%) and Citigroup Inc (C: 2.92, -0.17, -5.5%) they may need to raise more capital following stress testing of the two banks, the Wall Street Journal reported. The shortfall amounts to billions of dollars at BofA, the paper said on Tuesday, citing people familiar [...]