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Loonie at par by summer: economists
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Wednesday, 10 March 2010 |
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Rising interest rates will drive the Canadian loonie back up to parity with its U.S. counterpart by summer, say some economists
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Today's Big Losers: ABVT, PSS, NAV, TRK
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Wednesday, 10 March 2010 |
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AboveNet (ABVT) posted revenue in the fourth quarter of $94.3 million, an increase of $4.5 million, or 5%, compared to the fourth quarter of 2008. Operating income was $23.5 million compared to $25.3 million for the fourth quarter of 2008.
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Congress to Extend Unemployment Benefits
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Wednesday, 10 March 2010 |
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Despite soaring deficits, Congress is pushing through legislation to provide unemployment benefits for longer periods of time, despite protests from Conservatives. The proposed bill will increase the duration of unemployment benefits to 99 weeks in many states and this could add up to $130 billion to the deficit over the next 18 months.
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Short-Selling Rumors Give Stocks a Boost
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Wednesday, 10 March 2010 |
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Amid speculation that regulators could ban short-selling, shares of Citigroup (C), AIG (AIG), Fannie Mae (FNM) and Freddie Mac (FRE) all climbed higher this morning. With short interest high in these beaten down stocks, fear of a short-selling ban had investors trying to buy back shares to cover their positions.
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Living wall is a breath of fresh air
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Wednesday, 10 March 2010 |
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U.S. retailer Anthropologie's London store attracts customers with a 1,500 square foot indoor 'Living Wall'.
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