But now that Thain has been tapped to steer CIT Group ( CIT , Fortune 500 ) out
of its post-bankruptcy wilderness, he could be remembered as much more than the
man who bought a $35,000 office toilet. He could become one of finance's
greatest turnaround artists. That is because Thain has
Feb. 8 (Bloomberg) -- Norway’s krone and the Canadian dollar advanced as crude
oil futures rebounded from a seven-week low, boosting demand for the currencies
of commodity producers. Canada’s currency rose against all of the 16
most-traded currencies tracked by Bloomberg while the krone
By Chris Fournier “We’ll continue to follow the risk-aversion, risk-appetite
story,” said Bob Block , director of foreign-exchange sales in Toronto at Bank
of Montreal, Canada’s fourth-largest lender. “The Canadian dollar is a currency
that seems to benefit from risk appetite
Crude oil rose from a seven-week low on speculation demand will improve as the
global economy recovers from its worst recession since World War II. A report
tomorrow in the US, the world's largest oil consumer, will probably show
wholesale inventories increased for a third month in
The Dow rose 10.05 points to 10,012.23 at 4 p.m. in New York, and the Standard
& Poor’s 500 Index rallied 0.3 percent after plunging 1.8 percent in what
would have been the biggest two-day slump since March. The MSCI World Index cut
its drop in half to 1 percent because of the recovery
Cisco Systems Inc. and Intel Corp. had the biggest gains in the Dow Jones
Industrial Average as the 30-stock gauge recovered from a 167-point slide.
Alcoa Inc. and Freeport-McMoRan Copper & Gold Inc. led commodity producers
to the biggest gains among 10 groups in the Standard & Poor’s 500
