Growth of 0.9 percent notes of U.S. industrial production in January over the previous month, said agency Reuters, which relies on official statistics. The agency said analysts had expected growth of 0.7 percent. Immediately after this good news American market reacted instantly. The Dow Jones rose by 0.33% to 10.302,29 points, technological Nasdaq Composite index jumped by 0.32% to 2.221,17 points, but the greatest increase in reported index Standard & Poor’s 500, which added 0, 38% to 1.099,07 points. And other sectoral indicators show growth. The number of dwellings, whose construction began in January, grew by 2.8 percent last month compared to 2008 and reached 590 000, while analysts had expected 580 000. Data for January for the sector are highest for the last half year and show an increase for the third consecutive month. Substantial growth in their production report and the largest manufacturer of tractors and other agricultural machinery Deere & Co, which expense company’s shares by 7.6 percent. “If you look at reports of companies for the first quarter of 2009-2010 financial year, we find that about ¾ of the companies which submitted their reports, have increased their financial performance. Because it can be said that the just-completed reporting period is staggering, “said Reuters chief analyst for the stock market at Federated Investors Phil Orlando.
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Exactly one year after entering into a Desired by U.S. President Barack Obama, he and his Democratic Party realized one of its most serious losses republicans, that loss cost them a qualified majority in the U.S. upper house of parliament – the Senate. Yesterday stock markets in the U.S. rose in anticipation of the victory of Republican Scott Brown in battle for Senate Massachusetts. Brown did not inherit any deceased but in August last year the brother of assassinated President John F. Kennedy – Ted Kennedy, who served in the Senate for Democrats since 1962 without interruption. Election of the new Senate Democratic candidate wins by 52% to 47% according to preliminary data. The rise in stock markets yesterday is understandable since the Republicans who defend the right-wing political ideas, will now be able to block a number of legislative initiatives as related to health reform and strengthening of financial regulation, the analysts wrote. The Economists say that the proposal of President Barack Obama for wider accessibility to health care will cost the country hundreds of billions of dollars, a tightening of financial regulations and bankers’ bonuses are not well received by Wall Street.
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The trading session on Wall Street began hesitantly yet again this week, having started trading on negative territory, but shortly afterwards the three main index gave up. Data today showed that U.S. consumers are reticent in their purchases, in 2009 retail sales in the U.S. recorded a record fall within one calendar year from 6.2 percent. The index of blue chip Dow Jones IA increased by 0.1% to 10 694.37 points about an hour and a half after the start of trade. It reached its highest level since early October 2008 at the end of yesterday’s session, supported by a solid economic report from the U.S. Federal Reserve. S & P 500 added 0.1 percent to 1 146.3 points and the Nasdaq Composite advanced 0.2 percent to up 2 313.4 points. Before the start of trading session showed that retail sales unexpectedly decreased in the United States by 0.3 percent on a monthly basis in December and initial claims for unemployment benefits rose more than expected by 11 thousand to 444 thousand for the week to 9th January. The number of persons receiving unemployment benefits for more than two weeks, reduced with 211 thousand to 4,6 million people. After the end of today’s session did expect the financial performance of the technology company Intel, which participates in the index, Dow Jones IA. Market analysts predict a substantial increase in earnings per share to 30 cents in the last quarter of 2009 compared to earnings of 4 cents a year ago, cited by CNN. Shares of Intel Increase 1.4% to 21.26 dollars per share.
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The U.S. president Barack Obama plans to impose a special tax 50 of the largest banks and financial companies in the country over the next decade, cited by New York Times. Thus the administration of President hopes to attract 90 billion dollars, which could offset any losses to taxpayers from the rescue of the financial sector. This tax will be charged for all banks, insurance companies and brokerage houses with assets exceeding $ 50 billion. He is expected to come into force after 30 June this year and bring at least 90 billion dollars of tax revenue for the next ten years. It said a senior official in the administration of Barack Obama, which does not wish to remain anonymous. He stated further that the tax may remain in force for a longer period in the event that any losses from the program for relief from the problem of financial assets not covered in the meantime. According to government estimates the program worth $ 700 billion will likely bring a loss of 117 billion dollars, this is much better than previous estimates. According to State Administration introducing such a tax would ensure that large financial institutions that are the biggest culprits for the financial crisis and the biggest beneficiaries of the measures the government will take responsibility to ensure that all costs incurred by the funds taxpayers will recover completely.
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Sony Ericsson announced it will close its developmental center “Research Triangle Park” in North Carolina, USA, cutting 420 local employees, said Triangle Business Journal forward step is part of a plan for a global consolidation of regional offices, which provides for the reduction a total of 2 thousand employees worldwide. The redundant employees will be asked to relocate to work in California or Atlanta, where the company has offices and where they will focus their development work, aimed primarily at developing smartphones. For those employees who do not want to move will be made offers for termination of employment by mutual agreement with the compensation. Shortly before the news is officially announced, Engadget first issue of the SE’s intention to close the “four offices: RTP, North Carolina, a smaller factory in Miami and points in Kista (Sweden) and Shenai.
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Today launched the first production in Sorrento entirely new base of the brand in Georgia named KMMG (KIA Motors Manufacturing Georgia). The factory has a production capacity of 300 000 vehicles a year and will provide job opportunities for 2 500 people, said the company. Account providers in the region will be further revealed another 7 500 jobs. With an investment of $ 1 billion manufacturing facility in the United States will set new requirements for quality and performance of vehicles. KMMG is the only plant in North America, whose floor is made of wood for a more favorable working environment. Built on an area of 8.9 km2 has a complex assembly shop, a room for production of gearboxes and test strip to the production line with a length of 3.2 kilometers. KMMG is part of the policy of KIA Motors to invest in the American market. Since 2002. more than 1.3 billion dollars are invested in various bases and facilities – headquartered in Irwin, Calif., high-tech research and development center in Ann Arbor, Michigan, research facility in Mohave, California and the largest automotive design studio in California. Since attending the American market, Kia introduced a full range of cars for 14 years, increasing annually with record sales pace. In October this year, the brand increased its sales by 50%.
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An year after the beginning of the crisis large U.S. companies continue piling up cash and invest only in short term liquid instruments, reported the online version of the daily Wall Street Journal. The newspaper refers to the study of Capital IQ – advisory body to the composition of Standard & Poor’s. It turns out that despite signs of economic recovery, major companies in the U.S. continue to avoid risky investments and to adhere only to the ultra investments. So for the second quarter of this year 500 of the largest non-financial sector corporations are held in cash and short-term investments $ 994 billion, or 9.8 percent of all assets. While the year earlier this indicator amounted to $ 846 billion, or 7.9 percent of assets. In the third quarter of 2009 the desire of companies to invest ultra continues. Already 248 companies have published their accounts in the third quarter, increased their available funds by 1 percentage point compared with the second quarter, up 11.1 percent of all their assets.
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Sales of new cars and light trucks in the U.S. in September fell sharply after the “cache for old vehicles” suspend in August. On an annual basis ironed sales fell to 9.22 million units, with 14.1 million in August and 12.6 percent in September 2008, writes Financial Times. This is the second worst result for the year after the 9.17 million average annual sales recorded in February. Among the big players with the lowest drop in Ford sales is 5%, two other American manufacturers GM and Chrysler reported a decrease of respectively 45 and 42% over last year’s levels. Japanese manufacturers Toyota, Honda and Nissan have registered a fall of venue in 13%, 20% and 7%. Among the reports more sales during the ninth month of the year compared to the same Kia is raising by 24.4 percent and BMW with an increase of 3.6%. The total number of sold cars and light trucks amounted to 745 997 to 864 973 h in September 2008 or a decrease of 22.7%. One of the few profitable due to the raging economic crisis is a Korean company Hyundai, which gradually began to accumulate a reputation for its relatively cheap but high quality vehicles surged by 27% from last year September.
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The Businesses with a second-hand goods is growing at a steady pace over the past year, notes Reuters. After the recession “took the heads” of large retail chains with business resold items marked rise as offering goods at affordable prices, you can even get additional discounts. According to a study in the second quarter of this year, the National Association of second-hand shops (NARTS) 263 sites were 64.1 announced that their sales have increased over the same period in 2008, as turnover rose by an average of 31%. About 11.5% indicated that their sales were last year’s level of 24.4 recorded a decline. Dallas-based company, Half Price Books (books at half price) is one of those declared growth, even as plans to open new stores, since until now cut the ribbon on 4 more this year.
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The Bankruptcy in practice banks and financial institutions and consumer debt will be a strong brake to the U.S. economic recovery. That said billionaire and founder of the foundation Open Society Institute George Soros. The Economic recovery will be very slow, “said renowned investor who participated in the meeting of the International Monetary Fund and World Bank in Istanbul. Banks in the U.S. quasi lost 1.1 trillion. dollars since the financial crisis began in late 2007. Soros’ expectations are that Europe will achieve faster economic growth, which opinion differs with that of the IMF. Last week, the fund said growth in the U.S. will be 1.5 percent for 2010 while the euro area – five times less. Severe recession even more easily pass through Europe, the ECB can be more quickly completed with the policy of stimulating than the Fed added the economist, even as the U.S. is too early to speak.
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