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Archive for August, 2009

Blockbuster shares jump after Irish retailer sale (AP)

AP – Shares of Blockbuster Inc. jumped Friday after the chain said it sold Irish entertainment retailer Xtra-vision Ltd. in a deal valued at up to $45 million.

Stocks end mixed despite Intel’s forecast boost

Stocks closed mostly lower Friday as the day’s news, including an improved outlook from Intel Corp., failed to energize investors.




Consumer spending edges up; incomes flat

With unemployment aid claims stubbornly high, Americans may benefit little from a recovery if jobs remain scarce.Consumer spending edged up in July with help from the popular Cash for Clunkers program, but household incomes, the fuel for future spending increases, were flat.







Oil tops $73 despite decrease in demand

The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude.




GDP declines 1 percent, better than expected

The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close.




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