Tuesday, January 05, 2010

Welcome to Obama's Economy!

Here's a list of economic news stories for starting out the new Obama year! Don't be surprised when you hear him say something like "It took Bush 8 years to drag us into this mess, it's going to take me at least that long to get us out!"


Chrysler, Ford report double-digit drops for 2009
Tue, 5 Jan 2010 09:55 am PST
AP - Automakers are glad to see the end of 2009, the worst year for U.S. sales in nearly 30 years. Full Story


Pending home sales fall 16 percent in Nov.
Tue, 5 Jan 2010 08:44 am PST
AP - The number of buyers who agreed to purchase previously occupied homes fell sharply in November, a sign sales will fall this winter, undermining last summer's recovery. Full Story


Stocks trade mixed on uneven economic reports
Tue, 5 Jan 2010 09:06 am PST
AP - The stock market zigzagged after a strong report on factory orders and a disappointing showing in home sales gave mixed signals about the economy. Full Story


Pump prices on pace to top 2009 high by weekend
Tue, 5 Jan 2010 08:46 am PST
AP - The cost of filling up the car is rising in the wake of soaring crude and by this weekend, pump prices may race past the highs for all of 2009. Full Story


Calavo Growers 4Q profit falls, sales drop
Mon, 4 Jan 2010 08:08 am PST
AP - Calavo Growers Inc. said Monday that its fiscal fourth-quarter profit fell, hurt by a significantly smaller cyclical crop of avocados from California. Full Story
Top

AIG sells Canadian mortgage insurance unit
Tue, 5 Jan 2010 09:30 am PST
AP - The Canadian mortgage insurance business of American International Group Inc. will be sold to a private investor group headed by the Ontario Teachers' Pension Plan, the groups said Tuesday. Full Story
Top

Hopes for economy drive risk appetite
Tue, 5 Jan 2010 01:13 am PST
Reuters - Optimism about the world economy buoyed global equities on Tuesday, particularly in emerging markets, but the dollar continued its weak start to 2010. Full Story
Top

Dollar mixed on mixed economic data
Tue, 5 Jan 2010 09:00 am PST
AP - The dollar edged up against the euro and British pound but fell against the Japanese yen on Tuesday as a report on U.S. home sales suggested winter problems, while data on manufacturing showed gains. Full Story


Oil price holds above 81 dollars
Tue, 5 Jan 2010 09:50 am PST
AFP - Oil prices edged higher on Tuesday, with New York crude holding above 81 dollars on increased heating fuel demand spurred by freezing weather in the northern hemisphere, analysts said. Full Story


2009 Auto Sales: Chrysler Group falls 36 percent
Tue, 5 Jan 2010 09:55 am PST
AP - Chrysler Group LLC said Tuesday its 2009 sales fell 36 percent and December sales fell 4 percent. Full Story


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