Archive for the ‘Business News’ Category

EDAC Technologies Reports Fiscal 2009 Fourth Quarter and Full Year Results

EDAC Technologies Corporation (Nasdaq:EDAC), a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications, today reported sales for the fourth quarter of fiscal 2009 of $16.3 million, up from $12.1 million for the same period of 2008 and $15.1 million in the 2009 third quarter.

March 2, 2010 Business News Comments Off

Bernanke Backs More Stimulus, Citing `Weak’ Outlook

It seems another stimulus package is in the works. I am not sure if it would help the markets and we still have to see if the bailout package passed by the congress earlier has any effect on the economy.

October 20, 2008 Economy 0 Comments

McCain Offers Economic Plan

BLUE BELL, Pa. — Sen. John McCain today proposed $52 billion worth of tax breaks aimed at reducing the impact of stock market losses on the nation’s seniors, providing relief to the unemployed and encouraging savings.
Under his plan, unveiled as he campaigned in a suburb of Philadelphia, seniors would pay lower taxes when they tap [...]

October 14, 2008 Economy 0 Comments

Europe puts more on the line for banks than US

Europe puts $2.3 trillion, far more than US, on the line for banks and stocks soar
PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis after a [...]

October 13, 2008 Banking, Business News 0 Comments

Bush to announce expanded bank bailout details

Bush administration plans to spend $250B of $700B bailout plan buying stock in private banks
WASHINGTON (AP) — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and [...]

October 13, 2008 Economy 0 Comments

What will the Candidates do with your money?

Even with the approval of the $700B bailout package for the US markets, the financial system is still not out of the woods. This package will shape every decision that future president makes with US economy as a whole and how it would change the way we manage our money and what we do with [...]

June 29, 2008 Economy 0 Comments