Archive for October 27th, 2009

Former Marsh executives acquitted of bid-rigging


 
 Three former executives of insurance broker Marsh Inc. were acquitted Monday of bid-rigging, price-fixing and other charges following an 11-month trial in Manhattan.

Oil hovers below $79 after 3-day slide


 
 Oil prices lingered below $79 a barrel Tuesday in Asia after three days of losses as investors eyed a volatile U.S. dollar.

Stock futures little changed ahead of opening


 
 Stock futures are little changed ahead of Tuesday’s opening as investors prepare for new reports on home prices and consumer confidence. Stocks are trying to rebound after being pummeled for the second straight day on Monday, and for the fourth time in the last five days. Overseas, Asia markets fell overnight following declines Monday in the U.S

"Ice House Detroit": Artists Plan To Encase Vacant Detroit Home In Ice

DETROIT — A photographer and an architect plan to freeze one of Detroit’s thousands of abandoned homes this winter, encasing it in ice to draw attention to foreclosures that have battered the region. The project from Gregory Holm and Matthew Radune, dubbed Ice House Detroit, is the latest example of the remnants of Detroit’s population loss and industrial decline serving as both artistic inspiration and canvas.

Amtrak Loss Comes To $32 Per Passenger: Study

WASHINGTON — U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator’s estimate, according to a private study. Amtrak operates a nationwide rail network, serving more than 500 destinations in 46 states

INGand#8217;s Uri Landesman: The easy moneyand#8217;s been made; now the markets face a test


 
 Investors will be paying close attention to the direction of the equity markets in the coming days in light of the recent market volatility that has tested the strength of the eight-month rally, according to Uri Landesman, head of global growth at ING Investment Management Americas. Monday’s stock market retreat brought the S&P 500 to its lowest point since Oct.

Home Prices: Case-Shiller Index Up For Third Straight Month In August

NEW YORK — Home prices rose for the third straight month in August, data Tuesday showed, a key sign for a broad and sustained housing recovery. The Standard & Poor’s/Case-Shiller home price index of 20 major cities climbed 1 percent from July to a seasonally adjusted reading of 144.5. While prices are down 11.4 percent from August a year ago, the annual declines have slowed since February.

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