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US Stocks Fall

Posted June 6th, 2011 at 12:55 pm (UTC-5)
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U.S. stock market indexes fell in Monday’s midday trading. The Dow Jones Industrial Average dropped one-tenth of a percent, the S&P 500 slid four-tenths of a percent and the NASDAQ was off three-tenths of one percent. European stock markets were mixed at the close of trading. London’s Financial Times 100 index rose one-tenth of a […]

Tags: , , , Posted in Economy

US Stocks Fall

Posted June 6th, 2011 at 10:50 am (UTC-5)
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U.S. stock market indexes fell in Monday’s early trading. The Dow Jones Industrial Average dropped two-tenths of a percent, the S&P 500 slid four-tenths of a percent and the NASDAQ was off one-tenth of a percent. European stock markets were mixed in afternoon trading. London’s Financial Times 100 index rose two-tenths of a percent, the […]

Tags: , , , Posted in Economy

Nobel Laureate Abandons Quest For US Central Bank Post

Posted June 6th, 2011 at 10:35 am (UTC-5)
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Nobel Prize-winning economist Peter Diamond is giving up his bid to be one of the governors of the U.S. central bank. He was nominated for the U.S. Federal Reserve post by President Barack Obama, but now appears unlikely to win Senate confirmation. The Fed sets interest rates and other economic policies with the goals of […]

Tags: , , , Posted in Economy

European Markets Lower at Midday

Posted June 6th, 2011 at 7:05 am (UTC-5)
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European stock markets were lower in midday trading Monday. London’s Financial Times 100 index slipped slightly to 5,851. The CAC-40 in Paris lost six-tenths of a percent to 3,866. And the DAX in Frankfurt dipped slightly at 7,104. The S&P futures contract was down two points, indicating a lower opening for U.S. markets. In Asia, […]

Tags: , Posted in Economy, Europe

Crude Oil Prices Fall

Posted June 3rd, 2011 at 4:25 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Friday: Crude oil prices fell 18 cents to settle at $100.22 per barrel. Coffee futures rose 10 cents to end at $2.71 a pound. Copper prices gained 5 cents to close at $4.13 per pound. Cocoa futures fell $26 to finish the […]

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US Stocks Fall

Posted June 3rd, 2011 at 4:20 pm (UTC-5)
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U.S. stock market indexes fell in Friday’s trading after some disappointing economic reports. The Dow Jones Industrial Average dropped eight-tenths of a percent to close at 12,151. The S&P was off one percent to finish at 1,300 while the NASDAQ slid 1.5 percent to hit 2,733. European stock markets were up at the close of […]

Tags: , , , Posted in Economy

Crude Oil Prices Fall

Posted June 3rd, 2011 at 4:10 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Friday: Crude oil prices fell 18 cents to settle at $100.22 per barrel. Coffee futures rose 10 cents to end at $2.71 a pound. Copper prices gained 5 cents to close at $4.13 per pound. Cocoa futures fell $26 to finish the […]

Tags: Posted in Economy

Brazil: Choose New IMF Chief for Skills Not Nationality

Posted June 3rd, 2011 at 3:45 pm (UTC-5)
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Brazil’s Finance Minister Guido Mantega says the new head of the International Monetary Fund should be chosen on the basis of skills, not nationality. In a Friday telephone conference with journalists, Mantega criticized a decades-old custom of giving the top IMF post to a European with the top job at the World Bank going to […]

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Report: US Economy Gains Just 54,000 New Jobs

Posted June 3rd, 2011 at 2:35 pm (UTC-5)
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The U.S. economy had a net gain of only 54,000 jobs in May, the smallest increase since last September. Friday’s report from the Labor Department shows the unemployment rate rose slightly to hit 9.1 percent. The figures surprised many economists who were expecting the jobless rate to decline a little bit and a bigger gain […]

Tags: , , , Posted in Economy

US Stocks Fall

Posted June 3rd, 2011 at 12:35 pm (UTC-5)
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U.S. stock market indexes fell in Friday’s midday trading after some disappointing reports on the U.S. labor market. The Dow Jones Industrial Average and the S&P 500 were off by six-tenths of one percent while the NASDAQ slid seven-tenths of a percent. European stock markets were up at the close of trading. London’s Financial Times […]

Tags: , , , Posted in Economy

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