Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.
Business and financial news – CNNMoney.com
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Dow back in the black for 2010
Posted by 2007 on September 4th, 2010
Oil roars into September ‘like a lion’
Posted by 2007 on September 3rd, 2010After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday, and continuing to move higher Thursday following news of an oil platform explosion in the Gulf of Mexico.
World business news – CNNMoney.com
Signs of life in the job market
Posted by 2007 on September 3rd, 2010Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs.
Business and financial news – CNNMoney.com
Ferrari recalls $225,000 458 Italia supercar
Posted by 2007 on September 3rd, 2010Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.
World business news – CNNMoney.com
Americans in the dark about energy use
Posted by 2007 on September 2nd, 2010Americans aren’t known for their energy-thrift ways. Maybe that’s because they have little idea as to how much energy things use.
Business and financial news – CNNMoney.com
Sources of Trouble
Posted by 2007 on September 2nd, 2010On an overall basis, companies rate their capital investment planning process at
5.8 On a scale of 1 (poor) to 10 (best). Companies that are unhappy with their process cite the following problems:
• “Gaming” of the process
• Special treatment of certain capital investments (such as information technology projects)
• The effect of executive incentive bonuses on investment decisions
• The treatment of implementation and uncertainty risks by the project appraisal process
Also, only about half of the companies examined conduct post investment reviews. However, when such reviews do get done, the primary intentions are perceived to be to learn lessons from investment decisions and to improve forecasting. Fewer companies use the reviews to help improve their capital planning process.
Stocks surge over 2%
Posted by 2007 on September 1st, 2010A rally on Wall Street accelerated Wednesday morning after a report showing an unexpected rise in U.S. manufacturing activity added to earlier optimism over China’s strong manufacturing report.
Business and financial news – CNNMoney.com
Car dealers fight for a second chance
Posted by 2007 on August 31st, 2010When Chrysler and GM filed for bankruptcy in 2009, they shuttered thousands of dealerships across the country. Fewer then one third are still in the running for a comeback.
Business and financial news – CNNMoney.com
Home prices gain 3.6% – with tax credit
Posted by 2007 on August 31st, 2010Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
Business and financial news – CNNMoney.com
Stocks bounce back on consumer optimism
Posted by 2007 on August 31st, 2010Stocks rose Tuesday, after a better-than-expected report on consumer confidence helped ease some concerns about the economy.
Business and financial news – CNNMoney.com