Fox Lake Towing and Recovery

Tag: economy

Summer Ends on a Bang, but It’s Too Early for Investors to Celebrate

by Dan Burrows on Sep.07, 2010, under Recovery, Towing

Fireworks

After suffering its worst August in nearly a decade, the blue-chip Dow found a welcome way to put summer behind it. But don't be disappointed if last week's market euphoria fails to carry into this week and beyond.

Continue reading Summer Ends on a Bang, but It's Too Early for Investors to Celebrate

Summer Ends on a Bang, but It's Too Early for Investors to Celebrate originally appeared on DailyFinance on Tue, 07 Sep 2010 08:30:00.

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Obama to Call for Full Tax Credit for Business Purchases in 2011

by Hugh Collins on Sep.07, 2010, under Recovery, Towing

President Barack Obama will call for new rules allowing business to deduct from their taxes through 2011 the full value of the purchase of equipment.

The planned deductions are intended to encourage companies to invest in equipment such as computers and utility generators, stimulating the economy The New York Times reported. It would cost about $200 billion in revenue, although in the long run...

Continue reading Obama to Call for Full Tax Credit for Business Purchases in 2011

Obama to Call for Full Tax Credit for Business Purchases in 2011 originally appeared on DailyFinance on Tue, 07 Sep 2010 07:00:00.

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Dow Rallies 128 Points on Jobs Report

by Dan Burrows on Sep.03, 2010, under Recovery, Towing

A better-than-expected reading on the job market propelled stocks to their fourth straight daily gain, giving the first few days of the month an uplifting boost after the worst August for U.S. equities in nearly a decade.

Continue reading Dow Rallies 128 Points on Jobs Report

Dow Rallies 128 Points on Jobs Report originally appeared on DailyFinance on Fri, 03 Sep 2010 16:25:00.

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Roubini’s Latest ‘Dr. Doom’ Prediction: More Than 400 Banks Will Fail

by Melly Alazraki on Sep.03, 2010, under Towing

Roubini's Latest 'Dr. Doom' Prediction: More Than 400 Banks Will Fail

Nouriel Roubini, the renowned NYU economics professor with the nickname "Dr. Doom," has offered up another dire prediction: Even if the U.S. and Europe manage to avoid a double-dip recession, more than 400 U.S. banks will likely fail.

Continue reading Roubini's Latest 'Dr. Doom' Prediction: More Than 400 Banks Will Fail

Roubini's Latest 'Dr. Doom' Prediction: More Than 400 Banks Will Fail originally appeared on DailyFinance on Fri, 03 Sep 2010 09:04:00.

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Wall Street Kicks Off September With a Rally

by Dan Burrows on Sep.01, 2010, under Recovery, Towing


Stocks started a traditionally tough month for the market with sharp gains Wednesday after a key report on U.S. manufacturing came in much better than expected. The major indexes rose over 2.5%.

Continue reading Wall Street Kicks Off September With a Rally

Wall Street Kicks Off September With a Rally originally appeared on DailyFinance on Wed, 01 Sep 2010 16:00:00.

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