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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 |

Saft Groupe SA Reports Fourth Quarter and Full Year 2009 Sales

PARIS, January 28 /PRNewswire-FirstCall/ — Saft, leader in the design,
development and manufacture of high- end batteries for industry and defence,
announces its sales for the fourth quarter and the year ended 31 December
2009.

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

New Home Sales Weak

New Home Sales fell 7.6% in December from November to a seasonally adjusted annual rate of 342,000. This was well below the consensus estimate of a 366,000 annual rate and even 8.6% below the year ago rate of 374,000. The major consolation in the repor…

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

Grainger Declares Quarterly Dividend

CHICAGO, Jan. 27 /PRNewswire-FirstCall/ — The board of directors of W.W. Grainger, Inc. have declared a cash dividend of 46 cents per share payable on March 1, 2010, to shareholders of record on February 8, 2010.
W.W. Grainger, Inc. with 2009 sales of…

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

Real Estate Market Shows Improvement, But Slowly

The real estate market seems to be on the road to recovery, albeit at a slow pace. Despite a December slump, sales of previously occupied homes rose in 2009 for the first time in four years. While signs of improvement are clear, the market has not been…

[ More ] January 26th, 2010 | No Comments | Posted in Economics |

Disastrous December Collapse Exposes False Start To Housing Market Rebound

Reports of a rebound in the U.S. housing market have proven premature – just as we warned.
Home sales surged 28% from September to November, giving hope to prognosticators who declared the housing crisis over. But as Money Morning Contributing Editor …

[ More ] January 26th, 2010 | No Comments | Posted in Economics |
 

November Case-Shiller (Seasonally Unadjusted) Index Down -0.2% From October, Down -5.3% YoY

After the double dip in now home sales and NAHB confidence, the unadjusted double dip in housing prices is following suit. Today’s November Case-Shiller data showed that after having recorded several sequential increases in prices, November’s -0.2% dec…

[ More ] January 26th, 2010 | No Comments | Posted in Economics |

Existing Homes Sales Plunge

The National Association of Realtors reported this morning that in December Existing Homes Sales plunged 16.7% from November, to an annual rate of 5.45 million. That rate was, however, 15.0% below the extremely depressed 4.74 million rate in December 2…

[ More ] January 25th, 2010 | No Comments | Posted in Economics |

Existing Home Sales Experience Worse Monthly Plunge In 17 Years

Similar to "Cash for Clunkers", "Cash for Cul de Sacs" drew in first time buyers in a rush to get of what was perceived as the last taxpayer largesse to buy homes.  Unfortunately, those people were not reading FMMF where they w…

[ More ] January 25th, 2010 | No Comments | Posted in Economics |

IBM Unveils New Resources to Help Software Partners Gain Skills and Generate Leads

ARMONK, N.Y., Jan. 25 /PRNewswire-FirstCall/ — More than two-thirds of IBM (NYSE: IBM) Software partners expect improved profitability from its new skills initiative according to a global survey of 400 partners, IBM said today.  The initiative in…

[ More ] January 25th, 2010 | No Comments | Posted in Investment |
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