Friday, December 05, 2008
U.S. stocks turn higher as insurers rally
U.S. stocks turn higher as insurers rally
U.S. stocks erase losses and shoot higher as insurer Hartford
Financial Services Group Inc. leads a rally in the financial sector by
hiking its earning forecast for the year.
ECONOMIC REPORT: U.S. ECONOMY SHEDS AN 'ALARMING' 533,000 JOBS IN NOVEMBER
U.S. nonfarm payrolls plunged by 533,000 in November, the worst job
loss in 34 years, the Labor Department reports.
NEARLY 10% OF U.S. MORTGAGES ARE DELINQUENT OR IN FORECLOSURE
The percentage of U.S. mortgage holders who were behind in their
payments soared to a record 6.99% of loans outstanding in the third
quarter, the Mortgage Bankers Association said Friday, and the number
of mortgages somewhere in the foreclosure process was also at a new
high.
RYANAIR MAY BE CLOSING IN ON AER LINGUS WITH SWEETENED TERMS
The near collapse of the Irish economy and a sweetened sales pitch may
finally allow Ryanair Holdings, Europe's largest low-cost airline, to
bag rival Aer Lingus Group after a two-year wait.
