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Financial News

Market News from Wall Street

Dow down on debt concerns
The Dow slipped Monday afternoon, with financials leading the retreat, as concerns about the economic recovery and Europe's debt problems kept investors on edge.

After the gold rush
It hasn't been a good year for the black and gold.

Treasurys mixed ahead of auctions
Treasurys were mixed Monday as investors prepare for a weekly offering of U.S. debt, worth $81 billion, amid ongoing concerns about struggling European economies.

Economy

Obama's small business plans: Where they stand
President Obama has been talking -- a lot -- about what Washington needs to do to help save small businesses. Over the past week, he's introduced a half-dozen different initiatives aimed at unlocking credit, creating jobs and expanding the Small Business Administration's loan programs.

The inevitable fix for the deficit
The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is hurtling towards a fiscal trap that is forcing us into the only option we'll have to restore budgetary sanity: A Value-Added Tax.

For L3C companies, profit isn't the point
When organic dairy farmer Vaughn Chase received a letter informing him that processor H. P. Hood would no longer be taking his milk, he feared he'd be forced out of business.

Singapore Business

Singapore LNG terminal ready in 2013
* Samsung C&T beats 4 other bidders for engineering contract

Temasek plans $704 mln bond offering
State-linked Singapore investment firm Temasek Holdings said Monday it was planning a bond offering worth one billion Singapore dollars (704 million US) as part of its capital-raising programme.

Sharp rise in illegal loans: Singapore police
Illegal loans rose almost 60 percent last year as Singaporeans reeling from the economic crisis turned to loan sharks to tide them over the tough times, a senior police official said Monday.

Business

Stocks trade mixed as European debt woes remain (AP)

A board at the New York Stock Exchange displays the Dow Jones Industrial Average soon after the opening bell, February 8, 2010. The Dow has been teetering above and below the 10,000 range throughout the trading day.   REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)AP - Stocks traded mixed Monday as investors remained wary about the strength of the economic recovery and mounting debt in Europe.


CIT names ex-Merrill CEO Thain as chairman, CEO (AP)

FILE - In this Jan. 29, 2005 file photo, then CEO of the New York Stock Exchange John Thain speaks at the World Economic Forum in Davos, Switzerland. Thain, who brokered Merrill Lynchs' controversial sale to Bank of America, is taking over as chairman and CEO of CIT Group Monday, Feb. 8, 2010, as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.(AP Photo/Michel Euler, file)AP - John Thain is getting a second chance.


Wintry weather drives energy prices higher (AP)

FILE - In this Jan. 5, 2010 file photo, Jason Kilpatrick of Wholesale Fuel hauls a hose across a snow covered yard while delivering home heating oil in Framingham, Mass. Natural gas prices climbed Monday, Feb. 8 as another winter storm was expected to dump even more snow on the East Coast. (AP Photo/Charles Krupa, File)AP - Energy prices climbed Monday as another winter storm was expected to dump even more snow on the East Coast.


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