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Gold falls as US dollar gains
8/21/2008 3:04:17 AM by adeal
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Gold fell in New York as the US dollar strengthened against the euro, eroding the appeal of the metal as an alternative investment. Silver also declined. The US dollar gained as much as 0.7% against the euro after losing almost that amount in the previous two days. Gold generally moves in tandem wit ....(GetMarketNews)
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Georgia Banking Company Offers Customers Safety and Peace of Mind ...
8/21/2008 3:03:00 AM by adeal
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Georgia Banking Company now offers their customers expanded FDIC protection on Money Market Accounts. In today's economic climate, consumers across the nation have become aware of the value of deposits being insured by the Federal Deposit Insurance Corporation (FDIC). Normal insurance limits by the ....(GetMarketNews)
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FDIC sets mortgage plan for IndyMac borrowers
8/21/2008 3:01:05 AM by adeal
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Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.(GetMarketNews)
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Oil rises in Asia on falling US gasoline supplies
8/21/2008 2:59:02 AM by adeal
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Oil prices rose Thursday in Asia above $116 a barrel as investors mulled a fall in U.S. gasoline inventories and a possible output tightening by OPEC at its next meeting in September. Light, sweet crude for October delivery was up 83 cents at $116.39 a barrel in electronic trading on the New York Me ....(GetMarketNews)
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Slow approach to raising bank capital loses the race against write-offs
8/21/2008 2:56:48 AM by adeal
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It should come as no surprise that banking is a cyclical business. After the bubble bursts, there is always lots of hand wringing and vows to be more rigorous in underwriting. Then the bubble refills and people start to worry more about losing market share to companies with less disciplined underwri ....(GetMarketNews)
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BJ's Wholesale Club (BJ) drops despite strong earnings
8/21/2008 2:54:56 AM by adeal
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BJ's Wholesale Club (NYSE: BJ - option chain) shares are falling today despite reporting second-quarter profit that beat estimates and announcing a share buyback. This is possibly because discretionary item spending slowed. If you think this stock won't be rising too far in the coming months, then i ....(GetMarketNews)
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Drilling for gains in offshore drilling services
8/21/2008 2:52:57 AM by adeal
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"Our 'Forecasts Focus List' contains only two energy stocks, both of which are in the oil services sector: Oceaneering International (NYSE: OII) and Transocean (NYSE: RIG)," says blue chip advisor Richard Moroney.The editor of Dow Theory Forecasts says, "While stocks in the equipment and services gr ....(GetMarketNews)
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Most likely, you'll determine the fuel for the car of the future
8/21/2008 2:51:52 AM by adeal
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Despite the onset of the latest high energy price era, it goes without saying that the car will remain the main mode of transportation in the United States as the 21st century progresses. First mass-produced on a national scale by Henry Ford, subsidized by the construction and expansion of the publi ....(GetMarketNews)
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FDA approves Home Diagnostic diabetes test
8/21/2008 2:50:40 AM by adeal
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Home Diagnostics Inc. said Tuesday it received U.S. approval to market a portable blood-sugar testing device for diabetes patients. The company said its True2go product is the smallest blood glucose meter in the world. Diabetes patients use the devices to measure sugar from their blood samples, whic ....(GetMarketNews)
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Mattel seeks nearly $2B in fight over Bratz dolls
8/21/2008 2:47:20 AM by adeal
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The maker of pouty-lipped Bratz dolls and its CEO owe toy giant Mattel Inc. nearly $2 billion for stealing its conceptual drawings for the urban-themed toys, a Mattel attorney said Wednesday during closing arguments in the damages phase of a copyright infringement lawsuit.The jury ruled last month i ....(GetMarketNews)
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