Gold continues record run above $1,100 Gold rallied to a record high Monday as the dollar weakened against rival currencies. after climbing to an all-time trading high of $1,111.70 earlier in the session, December gold rose $5.70 to settle at a record $1,101.40 an ounce, Gold gained 5% on speculation that central banks around the world will begin buying more of the … [Read more...]
Archives for 10/11/2009
Electric Cadillac : zero-emissions luxury car
Automaker GENERAL MOTORS seriously considering a zero-emissions luxury car. General Motors is moving forward with some new plans to produce an electrically driven Cadillac luxury car, according to a source familiar with the plan, but no decision has been reached on exactly what that the final product will be. The final decision is yet to be taken on various factors of … [Read more...]
Dow industrials surging to a 13-month high
As per the stocks rallied Monday, with the , as investor optimism gained momentum. The Dow Jones industrial average (INDU) soared 204 points, or 2%, to close at 10,226.94 --marked as the highest level since Oct. 3, 2008. Financial and commodity-related shares led the advance.The gains were broad-based, with all but 1 of the 30 components in the blue-chip index closing … [Read more...]
Dividends for the long run
According to the leading magazine -- This has proven to be a worst year for dividend cuts in three generations. Striving to conserve cash amid the most severe slump since the Depression, companies are reducing or eliminating their payouts to shareholders. Banks, of course, have led the way, but also cutting payouts are such stalwarts as Dow Chemical (DOW, Fortune 500) (which … [Read more...]
Sprint Nextel Corp. to slash jobs
As per the sources the latest news on ir is that the Wireless provider company Sprint Nextel Corp. is aiming to cut its labor costs by $350 million, on a yearly basis, as part of a widespread restructuring plan. Sprint Nextel Corp. declared its plans to cut between 2,000 and 2,500 jobs as part of a restructuring plan aimed at reducing labor costs by at least $350 million, on an … [Read more...]