ECONOMY & MARKETS

Traders work on the floor of the New York Stock Exchange

US stocks plunge on eurozone concerns

US stocks declined in early trade on Monday as the European Union’s 85 billion euro ($113 billion) financial assistance package for Ireland failed to boost investor sentiment.
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Traders gather around the General Motors trading post on the floor of the New York Stock Exchange

Stocks sink on Korea, euro debt worries

Stocks tumbled in a holiday-shortened session on worries over threats of war by North Korea and pervasive fears that the euro zone sovereign debt crisis may spread to Spain and Portugal. Apparently, traders saw little solace in what appears to be shaping up as a strong Black Friday on the retail front.
Burlington Northern Santa Fe trains make their way through a rail yard in Cicero Illinois

Railway stocks on track for long-term growth

Railroad companies are probably not at the top of most investors’ wish list, but these stocks have performed superbly this year and likely represent a solid long-term investment theme.
A man walks past a hiring sign in Virginia

It’s hiring stupid! Adding 200,000 jobs a month is the real test

The fall in initial jobless claims in the U.S. to the lowest level since July 2008 is not a right pointer to a possible labor market recovery, according to an analyst, who says the true test for the economy is the creation of anything above 200,000 payroll jobs in a month.
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Top After-Market NASDAQ Gainers (ARQL, MGIC, ACTG, HAUP, SODA)

The top after-market NASDAQ stock market gainers are: ArQule, Magic Software Enterprises, Acacia Research, Hauppauge Digital, SodaStream International, Oclaro, Orexigen Therapeutics, Golar LNG, LJ International, and Northern Technologies International.
Traders work on the floor of the New York Stock Exchange

Stocks rebound, ahead of Thanksgiving and Black Friday

Stock rallied broadly on some encouraging number from the labor market, shrugging off worrying geopolitical developments in Asia and some dour housing data, ahead of the Thanksgiving holiday and Black Friday, which will kick off the Christmas shopping season.
Traders work on the floor of the New York Stock Exchange

US futures extend gains after jobs data

Futures on major U.S. stock indices extended earlier gains on Wednesday after the Department of Labor reported that weekly jobless claims fell sharply last week to the lowest level since July 2008.
A train car waits in line at the Potash Corp's Cory mine site near Saskatoon

RBC Cuts Potash profit view

RBC Capital Markets lowered its profit estimates for PotashCorp after the company decided to fund its share buyback from sale of debt securities rather than utilizing its existing credit facilities.
A Thanksgiving Feast

Thanksgiving dinner may cost a mite more

Thanksgiving traditionally means a celebration of plentiful harvest, but people this year may end up spending a little more on the thanksgiving dinner than before according to the 25th annual survey done by the American Farm Bureau Federation.
10.	Ireland

Bank run fears hit Irish bank stocks; Dublin to unveil austerity details today

Shares of Irish banks nosedived on Wednesday driven by fears of a bank run as speculation intensified over government stake hike in the Bank of Ireland and the Allied Irish Banks, even as Dublin was putting final touches to the austerity plan the country was ordered to follow as part of its 85 billion euro bailout announced early this week.
Robert Gross, a trader from Barclays Capital, works on the floor of the New York Stock Exchange in New York

Stocks sink on Korean geopolitical tensions, euro zone dent worries

Stocks tumbled on heightened geopolitical tensions in Korea and rising fears about the spread of euro zone debt crisis. Minutes from the last FOMC meeting which revealed disagreements among policymakers over the efficacy of the second round of quantitative easing did not help market sentiment either.

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