Archive for the ‘Business’
Dem leaders in uphill push for health overhaul (AP)
AP – There are no simple fixes for President Barack Obama’s health care overhaul, the No. 2 House Democrat said Tuesday, as supporters agonized over whether to move the bill forward or hit the pause button until political resistance subsides.
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Stocks climb as consumer confidence rises (AP)
AP – Stocks rebounded from an early slide Tuesday as stronger consumer confidence boosted hopes for the economy.
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PROMISES, PROMISES: Skepticism on Obama tax credit (AP)
AP – President Barack Obama’s push to create jobs includes a new tax credit for small businesses that add employees, an idea that fell flat in Congress last year and continues to have skeptics this year.
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Downgrades: JCI, AMGN, HSY
This morning, UBS downgraded shares of Johnson Controls (JCI) from Buy to Neutral as the stock price approaches the firm’s price target of $32. Analysts at UBS noted that the stock is price well for the 2010 earnings estimates and better opportunities exisit in the sector.
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What’s In Store For European Earnings?
Richard Batty, global investment strategist at Standard Life Investments says earnings growth likely to continue in 2010 but also sees headwinds.
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Davos low-key as banks under fire
As the captains of high finance, industry and politics gather for the World Economic Forum in Davos, Switzerland, bankers are expected to keep a low profile.
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Delta posts small loss for fourth quarter (AP)
AP – Delta Air Lines Inc.’s corporate travel demand is picking up, its trans-Atlantic business has rebounded and it is holding its own in Asia as it closes the books on a turbulent 2009.
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Consumer Confidence Index climbs in Jan. (AP)
AP – Americans’ confidence in the economy improved modestly in January for the third straight month, as they begin to feel slightly better about business conditions and the job picture, according to a survey released Tuesday.
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Citigroup sued by Terra Firma over EMI deal (Reuters)
Reuters – Private equity firm Terra Firma sued Citigroup Inc, accusing the bank of fraud in connection with Terra Firma’s purchase of music business EMI Group in 2007, court documents filed on Friday in New York showed.
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