Archive for November, 2010
Wall Street slips late on Portugal fears
By Edward Krudy NEW YORK (Reuters) – Stocks fell in a choppy session on Tuesday as news late in the session that Portugal’s debt could be downgraded reignited selling in a high-volume flurry that may bode ill when markets reopen. Earlier, the S&P 500 had erased much of a 1 percent loss after improved consumer confidence and manufacturing data were the latest signs the U.S
Oil falls on economic worry, but ends month higher
By Robert Gibbons NEW YORK (Reuters) – Oil fell on Tuesday as concerns that Europe’s debt crisis will widen battered the euro and added to ongoing concerns about China’s economic growth. Front-month December U.S.
Gold rises over 1 percent on euro zone debt worries
By Frank Tang NEW YORK (Reuters) – Gold rallied more than 1 percent on Tuesday as a sharp decline of the euro and signs of a deepening euro zone’s debt crisis prompted investors to buy gold to hedge against currency and economic uncertainties. Both gold and silver were higher for a fourth consecutive month, with gold rising 2 percent and silver climbing more than 13 percent for November. Gold benefited from investor fears that Ireland’s debt problems, despite the EU approving an emergency aid package, could spread to other bloc members such as Portugal and Spain, and borrowing costs of other countries such as Italy, Belgium and France shot higher.
CORRECTED – OFFICIAL-U.S. Army revamps rules for vehicle competition
(Army corrects first name of official in charge of vehicle program to Andrew from Anthony) * Up to three contract awards expected next April * Top Army, Pentagon officials back changes * Big focus on affordability, flexibility WASHINGTON, Nov 30 (Reuters) – The U.S. Army on Tuesday released new rules for companies competing to build a next-generation ground combat vehicle and said it hoped to award up to three contracts valued at up to $450 million next April.
DIARY – Today in Washington – Dec 1
Dec 1 ALL TIMES IN EST/GMT ———————————————————- 0830/1330: The Labor Dept. issues Revised (2nd Estimate) U.S. Q3 Nonfarm Productivity and Costs
UPDATE 2-Sony sells 4.1 million Move systems, races Kinect
* Sony says 4.1 mln Move units sold in two months * Move on sale in N. America 2 months, Japan 1 month * Compares with 2.5 mln Kinect sales in 25 days (Rewrites, adds share prices, details on sales) SEATTLE, Nov 30 (Reuters) – Sony Corp (6758.T: Quote , Profile , Research ) has sold 4.1 million of its Move motion-sensing game controllers to retailers worldwide in the two months since launch, putting it roughly on par with Microsoft Corp’s (MSFT.O: Quote , Profile , Research ) Kinect system as the holiday shopping season takes off. On Monday, Microsoft said it had sold more than 2.5 million of its controller-free Kinect video game systems worldwide only 25 days after launch, keeping it on track to hit its target of 5 million this year
U.S. deficit panel postpones vote on plan
WASHINGTON, Nov 30 (Reuters) – A presidential commission looking for ways to slash the U.S. budget deficit has postponed by two days a vote on its final plan, commission co-Chairmen Alan Simpson and Erskine Bowles said on Tuesday.
US House could vote Thursday on tax cuts – Van Hollen
WASHINGTON, Nov 30 (Reuters) – The U.S. House of Representatives could vote on Thursday on a measure that would allow income tax rates to rise for the wealthiest 2 percent of U.S
UPDATE 2-U.S. shoppers favored cash on Black Friday-survey
* Credit cards used less over weekend -survey * More households keeping to Black Friday -survey * Forecaster sees holiday sales range of -1 pct to +1 pct * Retail shares up slightly (Revises first sentence, adds details throughout) By Martinne Geller NEW YORK, Nov 30 (Reuters) – They left home without it. Black Friday shoppers shunned credit cards at the start of the holiday season this past weekend, according to a survey released on Tuesday, adding a cautionary note to expectations for U.S.
Reid picks Baucus to serve on new US tax group
WASHINGTON, Nov 30 (Reuters) – U.S. Senate Majority Leader Harry Reid said on Tuesday he will ask Senate Finance Committee Chairman Max Baucus to serve on a new bipartisan group formed by President Barack Obama to try resolve a stalemate over expiring tax cuts
