Arcive of financial news
A panel charged with developing guidelines for statewide graduation requirements has invited business leaders to two public meetings in Denver to discuss its recommendations.
The meetings by the state’s Graduation Guidelines Development Council will be held:
Tuesday, April 15, at 7-9:15 a.m. at Junior Achievement, 1445 Market St.
Monday, April 21, […]
Filed under: finance by Wolf
Comments Off
Struggling electronics retailer Circuit City Stores Inc. said Wednesday it swung to a fiscal fourth-quarter profit, as cost cutting offset lower sales for a period that included the bulk of the crucial holiday-shopping season.
Analysts had been expecting a loss for the December-February period on higher revenue. Circuit City shares climbed more than 10% in […]
Filed under: online by Wolf
Comments Off
Mortgage insurer PMI Group said late Tuesday that its ability to cover claims isn't affected by Standard & Poor's downgrade of the company's ratings.
S&P cut its counterparty credit rating on Walnut Creek-based PMI Group (NYSE: PMI) to 'BBB-plus' from 'A' and PMI's U.S. and European mortgage insurance subsidiaries' counterparty credit and financial […]
Filed under: technology by Wolf
Comments Off
One month after executing a 12-for-1 reverse stock split, Avant Immunotherapeutics Inc. reports that its common stock has resumed trading under the symbol "AVAN" on Nasdaq.
Since the first day of trading after the reverse split, Avant's stock had been trading under the symbol "AVAND." Avant performed the reverse stock split in an […]
Filed under: money by Wolf
Comments Off
New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday.
The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week.
The last time claims were […]
Filed under: economics by Wolf
Comments Off
Moody’s Financial Services downgraded Countrywide Financial Corp.’s bank to a "D" rating late Thursday, according to a Marketwatch report.
According to the report, Moody’s cited "substantial liquidity issues" as the main reason for the downgrade.
The unsecured ratings for Calabasas’ Countrywide Financial Corp instant payday advance. and Countrywide Homes Loans remained unchanged. […]
Filed under: economics by Wolf
Comments Off
Bank of England policy maker Paul Tucker said the central bank should only cut interest rates “gradually'' as it tries to counter both a jump in credit costs and the threat of faster inflation.
“The broad policy strategy is to offset some but not all of the adverse shock to demand from tighter credit […]
Filed under: money by Wolf
Comments Off
An influential member of the Federal Reserve called for more financial education to help low-income mortgage borrowers Monday.
In a speech given at the National Interagency Community Reinvestment Conference in San Francisco, Janet Yellen, the president of the Federal Reserve Bank of San Francisco, said the mortgage crisis could hit lower income and minority communities […]
Filed under: news by Wolf
Comments Off