Posts Tagged ‘news’

U.S. stocks slip in early trading Wednesday after successful Italian debt auction

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – United States stocks slipped Wednesday after a successful auction of Italian debt gave European stocks a boost but failed to excite equity traders here in the states. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was lower [...]

Mortgage rates approach record lows

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Mortgage rates were down slightly this past week, approaching, but not quite hitting, the lowest mortgage rates on record. Adjustable-rate mortgages (ARMs), did reach new record lows. The initial interest rate on a five-year Treasury-indexed ARM dropped to 2.91 percent, Freddie Mac [...]

Dow erases 2011 declines Wednesday on Europe’s debt plans

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The Dow Jones Industrial Average soared nearly 200 points in mid-afternoon trading Wednesday as investors applauded Europe’s plan to recapitalize banks and stem the euro region’s blooming debt crisis. The S&P 500 Index climbed 1.7 percent, reaching its highest level since Aug. [...]

Casey Anthony release delayed until July 17

Linda Young – AHN News Writer Orlando, FL, United States (AHN) – Casey Anthony will have to wait until Sunday, July 17, to receive her freedom after jail officials recalculated time off her sentence for good behavior. The court originally scheduled her release for next Wednesday. Judge Belvin Perry on Thursday sentenced her to the [...]

S&P equates delayed Greek debt payment to default

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Even if the Greek parliament had passed last week two austerity program legislations that paves the way for the release of the country’s second tranche of loan from the European Union and the International Monetary Fund, a ratings agency is still wary of a Greek debt [...]

Initial jobless claims remain above 400,000 mark despite small decrease

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims for the week ending June 25 decreased by 1,000 from the previous rate but still remained above the 400,000 mark for the 12th consecutive week, according to the United States Department of Labor. Some 428,000 newly jobless workers filed first [...]

Initial jobless claims stuck above 400,000 for 11th week

Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims remained above the 400,000 mark for the 11th consecutive week and moved up slightly by 9,000 to a seasonally adjusted 429,000 for the week ending June 18. It was another sign that the jobs sector has not begun a recovery [...]

Saab unable to pay employee wages

Kris Alingod – AHN News Contributor Trollhattan, Sweden (AHN) – A little over a week after announcing an agreement with two Chinese investors to help with its liquidity, troubles continued for Saab on Thursday after unions threatened court action over unpaid wages. In a statement on Thursday, Spyker Cars, which this month changed its name [...]

First time jobless claims stay high at 414,000

Linda Young – AHN News Writer Washington, DC, United States (AHN) – First time claims for jobless benefits remained stubbornly above the key 400,000 mark during the week ending June 11. The tally was 414,000 initial claims, according to the U.S. Department of Labor. Initial jobless claims have been stuck above 400,000 weekly since April. [...]

Bangladesh unveils budget high on defense, low on farm spending

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]

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