Stock Futures Dip Amid Debt Concerns
NEW YORK (TheStreet) — Stock futures were pointing to a lower open Monday as European contagion fears and concerns that the U.S. won’t be able to raise its debt ceiling before its credit rating is lowered weighed on global investors. Futures for the Dow Jones Industrial Average were down by 84 points, or 51 points below fair value, at 12,368. Futures for the S&P 500 were lower by 10 points, or …
Residents hear about efforts to use $13.9 million in federal funds to revitalize Pontiac
Efforts continue to get Oakland County’s seat back on its feet with a federal grant being used to rebuild neighborhoods and bring residential housing to downtown.
Real estate market booms in Gaza
The property market is Gaza City is booming despite widespread poverty and regional tensions. Now real estate agents are trying to attract investment from Palestinians living abroad.
Eurozone leaders to meet in Brussels Thursday to forge new Greek bailout, stem market panic
BRUSSELS – The leaders of the 17 eurozone countries will hold a special summit next week in an attempt to forge a deal on a second bailout for Greece, the EU president announced Friday night.
The ONE Number That Predicts a Bull or Bear Market
After surging for nearly two years, the stock market appears to have reached a plateau. Every time the S&P 500 makes a move to surpass its two-year high of 1,370, it falters anew.
The heat is on RIM to deliver new products, says analysts
BlackBerry maker Research In Motion will have to deliver strong new products and financial results to counter doubts about its future prospects, analysts said Wednesday, a day after the company held a key meeting with shareholders.
Italy Crisis, Ireland Downgrade Intensify Euro Nightmare As Policy Makers Scramble
The European debt crisis is escalating. Investors’ fears that financial strain in Greece might spread to other nations garnered potent confirmation Monday and Tuesday, as interest rates on Italian government debt skyrocketed and bank stocks in Italy plunged.
Thomas Cook profits plunge
Tour operator Thomas Cook said today that full-year profits will be about £60 million lower than expected as a result of the squeeze in consumer spending and the turmoil in the Middle East and North Africa. Related Stories Planning go-ahead for hotel extension NI still in recession as firms feel pinch Laser clinic eyes Belfast expansion to create 50 new jobs Reduction in corporation tax a shot …