Takeover news draws Dow closer,but not over magic 10,000 mark
Stocks rose Monday after an optimistic earnings forecast from UAL Corp. propelled the Dow Jones industrial average within 42 points of 10,000. “The mergers are getting bigger,” said Gil Knight, a money manager who helps oversee $11 billion in assets at Allied Investment Advisors in Baltimore. “It’s a sign of a buoyant market.” The Dow … Continue reading
New jobless claims stay below 400,000
Despite the first rise in a month the number of new claims for jobless benefits in mid-October held below 400,000 for the fourth straight week, the government said Thursday. Some analysts believe the unemployment rate may fall if claims stay below 400,000. The rate was 7.5 percent in September. At the same time, the closely … Continue reading
Scam artists says penny stocks controlled by organized crime
An nies offering their stocks state securities regulators admitted penny stock scam over-the-counter they are American investors have artist, wearing a hood to often manipulated by brok- been cheated out of at least conceal his identity, told aers, promoters or salesmen. $2 billion a year by crooked House sub committee Although their price — a … Continue reading
Lower loan, interest rates can make a big difference
If you’ve ever pondered the mystery of how your next door neighbor manages to live so much better on an income no higher than yours, you might be interested in what a few percentage points can do. Over the life of a 30-year. $75.000 mortgage for instance a two percentage point difference can add up … Continue reading
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