Archive for January, 2009

24Jan

Stock index futures point to lower

Posted by admin as News, Stock

* Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 2.1-2.4 percent, pointing to a sharply lower start on Wall Street.
* General Electric is due to report fourth-quarter earnings, closing out a brutal year that saw its shares lose more than half their value. The market [...]

Entertainment Rights, the troubled owner of children’s characters such as Postman Pat, the Lone Ranger and Basil Brush, has been fined £245,000 by the Financial Services Authority for breaching rules on transparency.
It has emerged that the media company, which has issued a series of profit warnings as well as letting a third of its staff [...]

Computer hackers have reportedly applied sophisticated password-detection software application to steal £229million from one of the largest banking groups from Japan.
The reports unveiled that a security supervisor from the bank helped Belgian hackers to enter into the offices of Sumitomo Mitsui Banking Corporation in London back in 2004.
In a plot that seems [...]

24Jan

Gieve Warns Worst Recession Decades

Posted by admin as Market

Today, the deputy governor of the Bank of England warned that UK is now facing the worst recession in decades.
It is said that further action was required to prevent a prolonged recession, however, there was nothing that could be done to stop a sharp downturn in the first half of 2009. Interest rates could be [...]

I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation, as well as the generosity and cooperation he has shown throughout this transition.

Forty-four Americans have now taken the presidential oath. The words have been spoken during rising tides of prosperity and the still waters of peace. Yet, every so often the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forbearers, and true to our founding documents.