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Obama budget foresees deficits for a decade

<ul><li>WASHINGTON _ President Barack Obama on Monday will propose a 2011 federal budget that would spend $1.3 trillion more than the government takes in _ then continue with deficits of more than $700 billion a year for at least a decade. …

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

Petrolifera set to commence reentry of La Pinta well in Colombia; Brillante well to spud mid-February 2010

<ul><li>CALGARY, Feb. 1 /CNW/ – Petrolifera Petroleum Limited (PDP – TSX) announced today that after being transported from the U.S.A. to Colombia, the snubbing unit to be used for the reentry of the La Pinta 1X well on the company’s 100 pe…

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

Asian stocks extend slump after US growth data

<ul><li>HONG KONG – Asian stocks extended their slump Monday as last year’s rally showed more signs of petering out.</li><li>Investors took little comfort in U.S. figures released Friday that showed the world’s largest economy g…

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

Snapshot of job crisis not a pretty picture

<ul><li>Jan. 31–The running numbers on the worst job crisis since the Great Depression have become the new national boxscore. </li><li>Even those with cursory interest in the economy are aware the national unemployment rate sto…

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

Heating bill help diverted to Dixie

<ul><li>Jan. 31–WATERLOO — As a record number of Iowans seek help paying heating bills during a brutal winter, the state’s latest round of emergency energy assistance funds has been significantly slashed in favor of warm-weather states li…

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

Provident Financial Holdings raises capital but faces loan losses

<ul><li>Jan. 31–It seems Provident Financial Holdings is turning a corner, with its stock price shooting up 18 percent on Thursday after reporting a $2.5 million profit for the fourth quarter. </li><li>But 2010 will be a crucia…

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

County residents say tax hike will increase economic woes

<ul><li>Jan. 31–Joan Evan of Plymouth is resigned to the fact she may have to pay more this year if Luzerne County commissioners approve a proposed 15-percent property tax increase next month. </li><li>Luzerne County commission…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

Unemployment jumps

<ul><li>Jan. 31–MORGANTON — Burke County finished 2009 at 14.2 percent unemployment. </li><li>Though the unemployment number went up in Burke County, the number of unemployed went down from 5,545 in November to 5,522 in Decemb…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

UPDATE 1-Kuwait’s KIA invested $750 mln in US firm BlackRock-TV

KUWAIT, Jan 31 (Reuters) – Kuwait Investment Authority (KIA)
invested about $750 million in U.S. asset manager BlackRock
last year, and eyes investments in Asia and Latin
America in 2010, KIA’s managing director told Al Arabiya TV.
“Last May we inve…

[ More ] January 31st, 2010 | No Comments | Posted in Private Equity, Sectors |

Kuwait’s KIA invested $750 mln in US firm BlackRock -TV

KUWAIT, Jan 31 (Reuters) – Kuwait Investment Authority (KIA)
invested about $750 million in U.S. asset manager BlackRock last
year, KIA’s managing director told Al Arabiya TV.
“Now we have made about 40 percent of profit (from
BlackRock’s capital hik…

[ More ] January 31st, 2010 | No Comments | Posted in Private Equity, Sectors |