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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 11, 2012
Page
8
Markets show varied movement as local stocks trade alongside currency updates. Analysts note a five year load outlook and a deal value near one dollar in fluctuating intraday activity across multiple sectors.
US and European markets rose as Alcoa forecast stronger demand and investors bet on improving earnings. The S&P 500 hit a high not seen since July while France and Germany led regional gains. Dutch Philips warned on quarterly profits amid Europe’s economic weakness as Lululemon jumped on upbeat guidance and WebMD slid after cutting outlook. Cirrus Logic jumped on strong fourth quarter revenue forecasts.
In Richmond, Virginia, the proposed budget would increase state funding for colleges and universities after years of cuts. It outlines incentives for graduation and STEM retention, funds for private bioscience collaboration, EVMS, and non credit work force development, with reallocation to meet higher ed goals.
Employers added about 4.45 million hires in November, a 3 percent increase from October, while job postings slipped to 3.0 million. The Labor Department notes the hiring pickup, with unemployment around 13.3 million and a 4.2 to 1 ratio of job seekers per opening, signaling uneven early 2012 growth.
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