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Frost & Sullivan Lauds Chloride for its Robust Growth During the Economic Downturn That Saw Its Competitors Being Left Far Behind in the European UPS Market

LONDON, Feb. 1 /PRNewswire/ — Based on its recent research on the uninterruptible power supplies (UPS) market, Frost & Sullivan presents Chloride with the 2009 European Frost & Sullivan Award for Company of the Year. While the past year has se…

[ More ] February 1st, 2010 | No Comments | Posted in Investment |

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 |
 

Advance Read On Q4 GDP

Big number due out on Friday morning. The 4th Q GDP is coming and it most likely will move the markets. The consensus read is for a big up number. Last I heard the Street estimate was for up 4.7%, more than double the annual rate of growth for the 3rd …

[ More ] January 29th, 2010 | No Comments | Posted in Economics |

Inventories Boosted Growth In Q4 2009

The economy grew briskly last quarter. According to the advance estimate by the Bureau of Economic Analysis, gross domestic product increased at a 5.7% pace in the fourth quarter of 2009, faster than many forecasters had expected. (Note: BEA will revis…

[ More ] January 29th, 2010 | No Comments | Posted in Economics |
 

UPDATE: Len Burman Approves of the Discretionary Spending “Freeze”

Len Burman approves–but not because he thinks it will boost output and employment in the short term or do anything to solve our long-term fiscal problems (it does, after all, expire after three years). Len Burman approves of the freeze because–wait f…

[ More ] January 29th, 2010 | No Comments | Posted in Economics |

I See No Signs of Employment Growth Here…

Sigh. I really want to see seasonally-adjusted unemployment claims below 400K. I really, really, really want to see that…

[ More ] January 28th, 2010 | No Comments | Posted in Economics |
 

Two Step Software Announces Record Growth in 2009

NEEDHAM, Mass., Jan. 28 /PRNewswire/ — Two Step Software, Inc., a leader in equity management and FAS 123R reporting solutions, announced today a record 50% surge in customers as well as increased profitability in 2009.  The growth is directly re…

[ More ] January 28th, 2010 | No Comments | Posted in Investment |

IMF Sees Higher Global Growth In 2010 Not Without Risks

The IMF released its update to the World Economic Outlook – a respected, useful and comprehensive report on the progress and prospects of the global economy. This article provides a brief analysis of some of the key points of the update in the usual Ec…

[ More ] January 27th, 2010 | No Comments | Posted in Economics |

Heather Stewart on UK’s marginal return to growth in economy

Heather Stewart, Observer economics editor, says the UK’s marginal return to growth in the economy is not impressiveHeather Stewart

[ More ] January 27th, 2010 | No Comments | Posted in Economics, Finance |

UK economy: out of intensive care but still confined to bed

The worst may be over for the economy, but we may be facing a long convalescenceIn the grand scheme of things, it doesn’t matter when precisely the UK economy emerged from recession. What matters more – in the eyes of the bond market, at least – is the rate of growth that can be achieved [...]

[ More ] January 27th, 2010 | No Comments | Posted in Economics |