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Richard Viguerie is Keynote Speaker for Tea Party Group; Cautions Against Forming a Third Political Party

DALLAS, Jan. 29 /PRNewswire-USNewswire/ — Richard A. Viguerie, Chairman of ConservativeHQ.com, delivered the keynote address at the January 29 meeting of the Leadership Tea Party, a conservative grassroots training event, at the Dallas-Fort Worth Airp…

[ More ] January 30th, 2010 | No Comments | Posted in Investment |

Dec. Restaurant Activity Index Highest Since Feb.

"Driven by improving sales and traffic levels, the National Restaurant Association’s comprehensive index of restaurant activity rose sharply in December. The Association’s Restaurant Performance Index (RPI) a monthly composite index that

[ More ] January 30th, 2010 | No Comments | Posted in Economics |
 

New Century Bancorp Reports Year-End 2009 Results

DUNN, N.C., Jan. 29 /PRNewswire-FirstCall/ –
Prior to write-off of goodwill, Company’s net income for 2009 was $232,000, or $.03 per share.$8.6 million write- off of goodwill from 2006 purchase of Progressive State Bank negatively impacts results.Depo…

[ More ] January 30th, 2010 | No Comments | Posted in Investment |

GSK’s TYKERB(R) Receives Accelerated Approval for First-Line Combination Treatment of Metastatic Breast Cancer

PHILADELPHIA, Jan. 29 /PRNewswire/ — GlaxoSmithKline (NYSE: GSK) announced today that the U.S. Food and Drug Administration (FDA) has granted accelerated approval for a new combination regimen using TYKERB® (lapatinib) as a first-line, all-oral t…

[ More ] January 30th, 2010 | No Comments | Posted in Investment |
 

Children of the UK wealth divide: how a six-year-old deals with poverty

National Equality Panel’s analysis shows the richest 10% is more than 100 times better off than the poorest 10%In many ways the Renton and the Green families have plenty in common – these are two busy, noisy, happy households, each with three children. In both families, the two older children are already in their early [...]

[ More ] January 30th, 2010 | No Comments | Posted in Economics, Finance |

Just how good are the US GDP numbers?

The economy sprung into action last quarter, growing at a whopping annualised 5.7 per cent, its fastest pace in six years. Analysts surveyed by Bloomberg were only expecting a 4.5 [...]

[ More ] January 30th, 2010 | No Comments | Posted in Blogs |
 

Wall Street Tumbles On Europe Fiscal Fears, Microsoft (NASDAQ: MSFT) Slumps

US stocks finished lower on Friday on mounting worries over fiscal stability of Greece, Portugal and Spain. Concerns about the quality of global economic recovery and a sharp slide in technology sector also added to the gloom.

[ More ] January 30th, 2010 | No Comments | Posted in Economics |

GSEs continue to add risks to financial system

It’s been a bad day for Fannie Mae and Freddie Mac. First, Hank Paulson, former Treasury secretary, says that Russia tried to spur China to sell the GSE’s securities to [...]

[ More ] January 30th, 2010 | No Comments | Posted in Blogs |

The Changing Composition Of GDP

With the release of the first cut at the 4Q GDP, it is worth taking a look at what the overall composition of GDP looks like, and how it has changed over time. GDP is equal to the sum of spending by the Consumer, business Investment, Government and Exp…

[ More ] January 30th, 2010 | No Comments | Posted in Economics |

Davos: Cameron says immediate Tory spending cuts would be modest

• Conservative leader: action swift but not extensive• Sources deny Cameron rowing back on pledge to tackle deficitDavid Cameron gave a clear sign today that Conservative spending cuts designed to prevent Britain facing a Greek-style debt crisis would begin with only modest savings in public spending this summer.Speaking in Davos, the Conservative leader said [...]

[ More ] January 30th, 2010 | No Comments | Posted in Economics, Finance |