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U.s. Stocks Jump On Fed Reassurance
Stocks extended their gains into afternoon trading, boosted for a second session by reassurances from the Federal Reserve that it is in no rush to raise interest rates. The Dow industrials were up 270 points.
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Investor100 Member Level  Friday, 02/24/12 08:40:35 AM
Re: Investor100 post# 52030
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Future Link & Business News

http://www.finviz.com/futures.ashx


Jobless claims unchanged at four-year low
New claims for unemployment benefits were unchanged in the latest week, foiling expectations that they would rise and providing further evidence that the job market was slowly healing.
http://bottomline.msnbc.msn.com/_news/2012/02/23/10486216-jobless-claims-unchanged-at-four-year-low

JC Penney Earnings Top Estimates Even as Sales Fall

JC Penny posted quarterly earnings that beat Wall Street's estimates, sending its shares higher in premarket trading.
http://www.cnbc.com/id/46468949

Citi Sells Stake in India's HDFC Bank for $1.9 Billion
Citigroup sold its stake in India's Housing Development Finance for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.
http://www.cnbc.com/id/46507585

Lloyds Makes $5.5 Billion Loss, Gives Gloomy Outlook
Lloyds Banking Group, the state-backed UK bank, said Friday that it made a 3.5 billion pound ($5.5 billion) pre-tax loss in 2011, down from a profit of 281 million pounds in 2010, and warned that its outlook remained “challenging.”
http://www.cnbc.com/id/46508834


Long-term investments in Facebook could be a bad bet, experts warn

Investors, social media watchers and Facebook users may be looking forward to the social network’s expected public stock offering later this year, but corporate governance experts aren’t quite so enthusiastic.
http://bottomline.msnbc.msn.com/_news/2012/02/24/10489066-long-term-investments-in-facebook-could-be-a-bad-bet-experts-warn


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