Stocks Rise in Quiet Final 2008 Session
Wall Street closed 2008 with a modest gain as the Dow rose 109 to 8778 amid a year of steep declines. Labor data showed unemployment claims dropped sharply, though totals remain near post war highs, and traders noted thin year end volumes with 2009 optimism rising.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Dow Jones
Labor Department
Jobless claims data paint break picture for 2009
Washington reports that continued unemployment benefits reached 4.5 million in the week ending December 20, signaling a grim 2009 outlook. First time claims fell to 492000 for the week ending December 27 due to seasonal adjustments and Christmas holidays, with many economists predicting a worse labor market before improvement. The Dow rose about 150 points as investors watch mid January figures and the unemployment rate is expected to climb to 7 percent in December.
MENTIONED IN THIS ARTICLE
Wall Street
Steven Goldman
Weeden & Co
Greenwich
Conn
Washington, D.C
Richard Yamarone
Argus Research
Labor Department
Dow Jones
Abiel Reinhart
Jpmorgan Chase Bank
Brian Bethune
IHS Global Insight
Lyondell Basell weighs Chapter 11 amid recession shock
Lyondell Basell Industries contemplates bankruptcy protection as demand weakens across the chemical sector. The company, controlled by Len Blavatnik, restructures debt after a debt laden buyout and a wave of industry consolidations. Dow Chemical, Huntsman, and others face similar stress.
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New York
Lyondell- Basell Industries
Susan Moore
Len Blavatnik
Blavatnik
Tnk-Bp
BP PLC
Lyondell Basell
Basell International Holdings
Lyondell Chemical
Dow Chemical
Kuwait
Petrochemical Industries Co
Dow
Market In Review Seeks Clarity On Recent Stock Movements
The report notes uncertain figures on stock performance including a proposed 50 percent reverse split within the past year and a 20 percent move in the last year. It references gainers and losers and mentions bankruptcy and table listings as unofficial figures from The As.
MENTIONED IN THIS ARTICLE
SEC
T Stock Exchange
Amex Naspaa
At&t Inc NY
KimdClk NY
Lilly NY
Paetnguememagaipaen
AlcatelLuc
Lowes NY
Wore
MeadWvco NY
AmExp
Merck NY
SL Ind
Crosstex
AmintiGp NY
MerriiLyn NY
Microsoft Nash
HKN
Starlims
Lannett
Suprt Pib
Ekota
FrankCov
Rbsct Prn
DettaApri
Dai Ei
Csx NY
Natuzz
GSE
GlenBurs
Owensil
NwpkRsit
Streamgsv
Caselaw
Chevron NY
Citigro NY
UtdCap
CrownCtts
OTE NY
PwShs
Proushcrude
Emergenta
ParkEne
Proultsp NY
NalcoHid
Dellinc Nasd
ProUntFin NY
Hffinc
CalFirst
Directv Nash
ProctGam NY
GnMott
Peco Irish
Al -142
RegionsFn NY
Valhi
Flanign
Ffinsve
VeriFone
MexcoEn
Citizest
Scana NY
Star
Riviera
LSB Fn
Duke Engy NY
SouthFne Nash
Vsa Ore Fmc Corp NY
GenElec NY
Spengy NY
Spor Fuel
Frei
Synovuss NY
Intel
Textron NY
Oracle
3McO
Wachovia
Apple Inc
Usciifd NY
ProuitFin
Ai Cel
Ishemits NY
Ussteel NY
Dell Inc
UnvHith
US Olifd
iState Merrislyn
GranTrain
Ishr2k NY
Wells Fargo
Wendy Arby
Kennett
Also Mentioned on This Page
Jobless
U.S
Department of Labor
Securities and Exchange Commission
Standard & Poor’s Ratings Services
Moody’s
S&p
Angue Major
Hodtch Spesithy Chemicals Inc
Salt Lake City
Allstate
Takiyah Bryant
Allstate Insurance Company
Dougherty Road
Aiken
Allstate.com
Cheri Reese F&m Mortgage Group LLC
Pat Roberts
Prudential Woodside Realty
Aikensc.com
Wednesday's Market IN Review
Grthama m
Capiicbua m IH
Cowidgrla m
Fidelity Contra LG
Invcoama m LV
Incamera m MA
Wamutinvam
Vanguard
Dodge & Cox
Bala m
Newpersoa m
Dodge & Cox IntiStk
FninvAm
Pimco TotRetAdmi Cl
BondAm
Fidelity