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IBD'S WEEK IN REVIEW.(THE IBD 100)
Nasdaq Leads Sell-Off As Rally Falters
1The tech-heavy index fell every day last week to close below its 200-day average. The Nasdaq's 6.3% loss was the worst since April 2002, when the bear market still had stocks in its grip. The index racked up two more distribution days, effectively killing the rally that started March 24. The benchmark S&P 500 fell 2.3% for the week.
China Reining In Economy
2Prime Minister Wen Jiabao stepped up the rhetoric Tuesday, saying China needs to take forceful action to prevent fast economic growth from overheating. China has had a huge appetite for industrial metals, which dived along with gold and silver. Metal and Chinese stocks skidded. Economists say China is taking sound steps to maintain long-term growth.
10-Year Yield Breaks 4.5%
3The yield on the 10-year Treasury note hit its highest levels since September. Lower than expected growth with higher than expected inflation stoked yields Thursday. They eased on Friday after a different inflation measure showed a normal price increase. The 10-year finished the week at 4.50%, up from 3.84% a month ago.
U.S. Turns To Iraqi General
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- Newspaper article from: Missouri Lawyers Media Sarah Wienke; Mike Trask December 7, 2009 700+ words
...business for more than 80 years.The slump in homebuilding...doors at the first of this year. "We've been where...so at this time of the year," said Karen Girondo...property tax revenues next year. Also, besides the jobs...he said. In recent years Kaplan has been in the...
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- Newspaper article from: Missouri Lawyers Media Mike Trask December 7, 2009 700+ words
...24 hours a day, seven days a week, and use a large amount of...kind of talk died down several years ago when the Embassy Suites...Convention Center. About a year ago, the Ameristar Casino Resort...number of people through the years, which resulted in the EDC...
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- Newspaper article from: Missouri Lawyers Media Alyson E Raletz December 7, 2009 700+ words
...time professor who settled a lawsuit over wheelchair access at the University of Missouri-Kansas City School of Dentistry 11 years ago is suing the institution again for allegedly not living up to settlement terms. Brian Williams, a graduate of the school...
- St. Louis attorneys launch fundraising effort for charities
- Newspaper article from: Missouri Lawyers Media Allison Retka December 7, 2009 700+ words
...that the slumped economy already has dried up donations for many charities. Spurred by a Simon Law Firm fundraising effort last year, which raised $11,000 for four St. Louis charities, Project XOXO selected 10 charities for donations, including a shelter...
- New trial ordered by the 8th Circuit in Supreme Court age bias case
- Newspaper article from: Lawyers USA Kimberly Atkins December 7, 2009 700+ words
...order to get relief. The Court remanded the case back to the 8th Circuit, which ordered a new trial for the plaintiff last week. The defendant had sought a directed verdict, arguing that Iowa precedent requires direct evidence of age bias to prevail...
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- Newspaper article from: New Orleans CityBusiness Richard A Webster December 7, 2009 700+ words
...Operations Manager Steve Woodruff said. "We only close two days a year and that's for the two holy days: Christmas and Mardi Gras...manager Michael Griffith said. "We're busy every night of the week and I'm anticipating being very busy this evening. There are...
- Commentary: Raking through the rhetoric in New Orleans elections
- Newspaper article from: New Orleans CityBusiness December 7, 2009 700+ words
...Perry and former judge Nadine Ramsey.Last week, a coalition of more than 30 business...development and public education. Starting next week, committees from the coalition will interview...treatment to new and existing businesses for years. And city contracts can no longer be the...
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- Newspaper article from: New Orleans CityBusiness Deon Roberts December 7, 2009 700+ words
...Mayor Ray Nagin, who leaves office next year (although I don't need to tell that...having a college degree. Earlier this year, the Nagin administration released an...Down-Blakely. As Nagin's eight-year run comes to an end, the people of New...