Finance News Tuesday February 9th 2010




Dow closes below 10,000 for first time in 3 months
(AP: Mon, 08 Feb) The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.


AstraZeneca gets OK for expanded Crestor use
(AP: Tue, 09 Feb) Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels.


Obama's health care summit: Just for show?
(AP: Mon, 08 Feb) Could this turn into something more than political theater? President Barack Obama's televised dialogue with Republican lawmakers on health care, promised for later this month, has the makings of an entertaining exchange. But the differences between the basic Democratic and GOP ideas are stark — and the two sides have increasingly hardened their positions in this election year.


Chrysler pledges $550M to build Fiat 500 in Mexico
(AP: Mon, 08 Feb) Chrysler Group LLC says it will invest $550 million to build the Fiat 500 minicar at its assembly plant near Mexico City.


Iowa AG files charges over film tax credits
(AP: Mon, 08 Feb) Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.


Still no word from Toyota on Prius recall
(AP: Mon, 08 Feb) A week after brake problems surfaced with its Prius, Toyota still has yet to say whether it will recall the popular hybrid — and analysts say further delays could be devastating to the automaker's already damaged reputation.


FTSE slightly higher in midday trade
(AFP: Mon, 08 Feb) Shares in London on Monday staged a fragile rebound after sharp falls last week caused by mounting debt fears in Europe, with the FTSE up 0.11 percent at 5,066.37 points in late morning trade.


QuinStreet beacon of hope in 'lousy' IPO market
(AP: Mon, 08 Feb) QuinStreet Corp., an Internet marketer that competes with Yahoo and Google, is the one beacon of hope in this week's crop of initial public offerings as the market contends with jitters spurred by concerns about the economy, and IPOs from companies with more than their fair share of debt.




© 2006-8 WMHQ.com Powered by Yahoo! News Thumbnails by Bluga.net Webthumb