Wall Street slips then modestly recovers in uneven trading
U S markets closed mixed after a volatile session with the Dow up 10.05 to 10012.23, the S P 500 up 3.08 to 1066.19, and the Nasdaq rising 15.69 to 2141.12. JPMorgan CEO Jamie Dimon earned a roughly 15.9 million 2009 bonus in stock and options, while Goldman Sachs CEO Lloyd Blankfein received a 9 million stock award with no cash.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Standard & Poor
Jpmorgan Chase & Co
Jamie Dimon
Dimon
Jpmorgan
Goldman Sachs Group Inc
Lloyd Blankfein
Blankfein
December consumer credit falls for 11th straight month
Americans borrowed less in December marking the 11th consecutive monthly drop as credit card paydowns outpaced gains in auto and other borrowing. The Federal Reserve reported total borrowing declined by 1.8 billion, far smaller than November’s revised 21.8 billion drop and well below analyst expectations of 9 billion.
MENTIONED IN THIS ARTICLE
Federal Reserve
Thomson Reuters
Debt Could Sink 150 Cedar Rapids Small Businesses
Cedar Rapids faces potential closure of up to 150 flooded small firms as they struggle with debt from recovery. The Cedar Rapids Area Chamber of Commerce and its Long Term Recovery group warn about cash shortfalls within 90 days, with 100 of 150 at risk. Aid programs offer free services, while owners like Dan Ringdahl and John Rocarek describe layoffs and shrinking sales as recovery lags.
MENTIONED IN THIS ARTICLE
Dave Franzman
Ncrg
D.j.’S Tractor and Trailer Service
Sixth St
Quaker
Thewner
Dan Ringdahl
Cedar Rapids
Ringdahl
Bob Harschnek
John Rocarek
Sykora
Czech Village
Rocarek
Movie theaters thrive as downturn stimulus remains strong
In a weak economy, theaters like United Artists in Sacramento report rising box office and resilient attendance. Industry analysts note premium formats IMAX and 3-D fuel growth while families seek affordable, homegrown entertainment, with 1.4 billion attendees in 2009 and a record $10 billion in box office nationwide.
MENTIONED IN THIS ARTICLE
M.S. Enkoji
McClatchy
Acramento
Calif
Warren Miller
Morningstar
Regal Entertainment Group
Cinemark
United Artists
Sacramento
Jennifer McLaughlin
McLaughlin
Miller
Jobless rate dips but economy still slow to heal
The January unemployment rate falls from 10.0 to 9.7 percent, the first drop in seven months, yet 8.4 million jobs vanished in the Great Recession and economists see limited gains this year. Growth exists but weak demand and fading stimulus keep hiring sluggish. The household survey shows 541,000 more jobs with seasonal adjustments, but underlying figures remain soft.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Wall Street
Goldman Sachs
Consumer Credit
Associated Press
Dave.franzman
Kcrg.com
David Corkill
Cinema West
Folsom
Palladio
Broadstone
Folsom, Calif
Shelly Piper
Cape Ann
Mass
Stephanie Buckley
Boston
Hillsbkhillsbank.com
FDIC
Fanyccian
Rae
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