Archive for December, 2009

For sale: Accused Ponzi schemer’s car collection

The government auction of a Utah fraud suspect’s car collection will include some fakes. U.S. marshals will auction nearly 200 vehicles seized from Jeffrey Mowen, who is charged with running a Ponzi scheme

AIG exec resigns over pay limit

American International Group Inc. has lost a top executive due to the government’s limits on executive pay.

Medoro to acquire Colombia Gold

M edoro Resources Ltd. MRS-X will acquire Colombia Gold PLC in a stock deal that will help consolidate most of the mining rights in the Marmato region of Colombia.

U.S. jobless claims fall unexpectedly

T he number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers. New jobless claims have dropped steadily since the fall, raising hopes that the economy may soon begin creating jobs and the unemployment rate could fall. That, in turn, would give households more money to spend and add fuel to the broader economic rebound that began earlier this year.

Liquidation World’s loss widens

F ewer stores and low inventory values on sales caused Liquidation World Inc. LQW-T to see its net loss widen in the fourth quarter as revenue dropped.

On Fibonacci Analysis

A Mode of Technical Analysis that Predicts Price Movements Dec 31, 2009 Bruce Silver Fibonacci analysis is based on the Fibonacci number series and the Fibonacci ratios, which are then applied to price charts. The Fibonacci Number Series and Ratios The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Each is the sum of the two preceding terms and it continues infinitely

Oil heads toward $80 a barrel

O il prices CL-FT headed toward US$80 a barrel Thursday in Asia, the final day of trading for 2009, after U.S. crude stockpiles fell for the fourth week in a row. Benchmark crude for February delivery was up 44 cents at $79.72 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

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