Industry News

• Euro `January Effect’ May Signal Further Weakness, MIG Says: Chart of Day February 8, 2010
  By Anna Rascouet Feb. 8 (Bloomberg) -- The euro may have already peaked against the dollar this year and be heading for further declines for the balance of 2010, according to MIG Bank SA. The CHART OF THE DAY shows that in seven of the 11 years since the euro’s start in 1999, the currency reached its highest or its lowest annual levels against the dollar in […]
• Euro `January Effect’ May Signal Further Weakness, MIG Says: Chart of Day February 8, 2010
  By Anna Rascouet Feb. 8 (Bloomberg) -- The euro may have already peaked against the dollar this year and be heading for further declines for the balance of 2010, according to MIG Bank SA. The CHART OF THE DAY shows that in seven of the 11 years since the euro’s start in 1999, the currency reached its highest or its lowest annual levels against the dollar in […]
• New York May Get Snow as U.S. Northeast Faces Round Two of Severe Weather February 8, 2010
  By Brian K. Sullivan Feb. 8 (Bloomberg) -- A new storm system barreling across the country may bring as much as 12 inches (30 centimeters) of snow to New York, Washington and Baltimore starting tomorrow night, forecasters said. With the Washington-Baltimore area still digging out from a weekend storm that left record snowfalls in some areas, the latest blast […]
• Obama Gets Negative Job-Performance Rating From Most Independents in Poll February 8, 2010
  By Chris Dolmetsch Feb. 8 (Bloomberg) -- More than half of U.S. voters who describe themselves as independents disapprove of President Barack Obama ’s job performance for the first time since he took office in January 2009, according to a poll released today. The Marist Poll found that 57 percent of independent voters don’t approve of Obama’s job performance […]
• Jumbo Mortgage `Serious Delinquencies’ Rose to 9.6% Last Month, Fitch Says February 8, 2010
  By Jody Shenn Feb. 8 (Bloomberg) -- U.S. prime jumbo mortgages backing securities at least 60 days late rose to 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. “The trend line for delinquencies indicates the 10 percent level could be reached as early as next month,” Vinc […]
• Stocks in U.S. Fluctuate as Analyst Upgrades Offset European Debt Concerns February 8, 2010
  By Rita Nazareth Feb. 8 (Bloomberg) -- U.S. stocks fluctuated as analyst upgrades lifted Home Depot Inc., Google Inc. and Amazon.com Inc. while a weaker dollar boosted commodities, offsetting concern over deteriorating European government finances. Home Depot rallied 3 percent as Morgan Stanley advised buying the shares, while Google climbed as Bank of Ameri […]
• Video: Brill Says Press+ Software Lets Publishers Levy Web Fees: Video February 8, 2010
  Feb. 8 (Bloomberg) -- Steven Brill, co-founder of Press+, talks with Bloomberg’s Margaret Brennan about the company's software which offers an online payment model to newspaper publishers allowing them to charge users for access to content. Brill also discusses the projected implications for the newspaper industry and the level of control by individual […]
• Cutco Cutlery’s James E. Stitt Named Chairman of the Board of the Direct Selling Education Foundation February 8, 2010
  OLEAN, NY--(Marketwire - February 8, 2010) - James E. Stitt, chairman, CEO and president of Cutco Corporation, has been named the 2009 - 2010 chairman of the board of the Direct Selling Education Foundation (DSEF). His term became effective as of June 2009. Stitt's appointment continues more than 30 years of Cutco's active participation and leaders […]
• Diane Francis: Eurogate — The New Fannie, Freddie and AIG February 8, 2010
  "This is a statistical recovery and a human recession." -- Larry Summers It was the best one-liner I heard come out of the recent World Economic Forum in Davos. Of course one week later, speculation rife in sessions entitled, "Will there be a double dip?" were overtaken by the Double Dip itself. Markets began roiling after the European Un […]
• Video: Rendino Says U.S. Market Health Offset by Europe Concern: Video February 8, 2010
  Feb. 8 (Bloomberg) -- Kevin Rendino, who manages about $10 billion at BlackRock Inc., talks with Bloomberg's Margaret Brennan about factors affecting stocks, including the financial problems of Greece and other European nations. Rendino also discusses investment strategy. (Source: Bloomberg) […]