Government stimulus plan lifts stock market modestly
Investors grew hopeful about a federal $789 billion stimulus plan as lawmakers reached accord. The Dow rose 50.65 points to 7,939.53, the S&P 500 gained 6.58 to 833.74, and the Nasdaq added 5.77 to 1,530.50.
MENTIONED IN THIS ARTICLE
Standard & Poor
Delta to consolidate feeder carrier functions
Delta Air Lines plans to consolidate regional feeder carrier functions under a new subsidiary Regional Handling Services. About 4,100 airport customer service staff from Comair Mesaba and Compass will transfer while pilots flight attendants and mechanics stay under their airlines.
MENTIONED IN THIS ARTICLE
Delta Air Lines Inc
Comair
Mesaba
Compass
Regional Handling Services
Delta
Delta Connection
Delta/Comair
Iowa
Cedar Rapids
Federal regulator urges thrift foreclosures halt nationwide
A federal regulator urged more than 800 thrift institutions to suspend all foreclosures to aid plans aimed at keeping borrowers in homes amid the recession. Officials stressed cooperation is voluntary while Treasury and HUD leaders discuss mortgage restructuring and incentives.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
John Reich
Office of Thrift Supervision
William Ruberry
House
Treasury
Timothy Geithner
Tive
National Community Reinvestment Coalition
Taylor
Bush
Toy makers trim prices as 2009 holiday season looms
Amid weak 2008 results toy makers cut costs and roll back prices for 2009. Mattel and Hasbro forecast softer demand with many items under 20 dollars and fewer releases over 150. New lower price Elmo Tickle Hands and EyeClops Night Vision offer cheaper options at major toy fairs.
MENTIONED IN THIS ARTICLE
Mae Anderson
York
Mattel Inc
Jakks-Pacific Inc
Zizzle LLC
Mattel
Hasbro Inc
el Segundo
Calif
Pawtucket
R.I
Kota
Brian Goldner
Hasbro
Oil dips below 36 as storage bulges and gasoline tops $1.94
Oil prices fall to 35.94 a barrel after the Energy Information Administration reports a 4.7 million barrel weekly crude build. Gasoline inventories decline 2.6 million barrels as refiners cut output, nudging the national average price to 1.94 a gallon while demand shows slight uptick.
MENTIONED IN THIS ARTICLE
Sioux Falls
S.D
U.S
New York Mercantile Exchange
Energy Information Administration
Platts
McGraw- Hill Cos
Phil Flynn
Alaron Trading Corp
EIA
Auto Club Aaa
Oil Price Information Service
Wright Express
A Different View of Rebalancing
Financial planners discuss rebalancing as a discipline to realign portfolios toward stock and bond targets. With investors cautious and volatility high, many advisers delay moves, preferring staged stock additions or put rebalancing on hold for retirees.
MENTIONED IN THIS ARTICLE
Treasury
David Darst
Morgan Stanley Global Wealth Management
Glenn Knutt
McLean, Va
Knutt
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