Archive for November 21st, 2008

posted by admin on Nov 21

MINNEAPOLIS — Students at Hibbing High School joined BestPrep and more than 8,200 students in 175 schools around Minnesota to compete in The Stock Market Game (SMG) this spring. Teacher Tom Bittmann is advising students as part of the curriculum at Hibbing High School.

posted by admin on Nov 21

Trader Paul LaRegina works on the floor of the New York Stock Exchange Friday, Nov. 21, 2008. (AP Photo/Richard Drew)AP - Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system.


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posted by admin on Nov 21

Traders work in close quarters on the main trading floor of the New York Stock Exchange early in the trading session in New York City, November 21, 2008. (Mike Segar/Reuters)Reuters - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration’s ability to take action.


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posted by admin on Nov 21

A Christmas tree ornament reflects people outside the New York Stock Exchange. Wall Street enters the year-end holiday season with little to cheer about as the worst bear market in decades appears to be grinding on with many fearful that the worst is not yet over.(AFP/File/Tim Clary)Reuters - Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday’s big rally and preventing November from winding up as one of the worst months for stocks on record.


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posted by admin on Nov 21

Reuters - Target Corp on Friday rejected as “highly speculative” proposals made by hedge fund manager William Ackman that he said would unlock the value of its real estate and boost the discount retailer’s sagging stock price.

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posted by admin on Nov 21

An Indonesian money changer holds rupiah notes to attract customers on a street in Jakarta, November 21, 2008. (Beawiharta/Reuters)Reuters - President-elect Barack Obama wants New York Federal Reserve President Timothy Geithner as his Treasury secretary, news that sparked a stock market surge on Friday and fostered confidence that Obama may be taking up the U.S. economic reins before his inauguration in January.


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posted by admin on Nov 21

Reuters - President-elect Barack Obama’s nominee for U.S. agriculture secretary will face daunting tasks ranging from tightening farm subsidy rules to improving school meals, lawmakers and farm groups said on Friday.

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posted by admin on Nov 21

Barack Obama and Senator Hillary Clinton attend a campaign rally in Orlando, Florida, in this file image from October 20, 2008. (Jim Young/Reuters)Reuters - New York Sen. Hillary Clinton has accepted an offer from President-elect Barack Obama to become U.S. secretary of state, joining her former Democratic rival to help guide U.S. foreign policy, the New York Times said on Friday.


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