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CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender - Bloomberg.com

Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter

No Job Growth for Small Business Spurs Recovery Doubt (Update1)

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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No Job Growth for Small Business Spurs Recovery Doubt (Update1) - Bloomberg.com

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said today in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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Stocks higher at noon

AAP At 1200 AEDT, the benchmark S&P/ASX200 index was up 31.9 points, or 0.71 per cent, at 4,546 while the broader All Ordinaries index had gained 30.5 points, or 0.67 per cent, at 4,563. On the Sydney Futures Exchange, the March share price index contract was 39 points higher at 4,514 on

ASX | Australian Share Market | Mixed leads but stocks rise at the open

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Australian shares higher at noon

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At 12:00 (AEDT), the benchmark S&P/ASX200 index was up 31.9 points, or 0.71 per cent, at 4546 while the broader All Ordinaries index had gained 30.5 points, or 0.67 per cent, at 4563. On the Sydney Futures Exchange, the March share price index contract was 39 points higher at 4514 on
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ASX | Australian Share Market | Mixed leads but stocks rise at the open

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Global Markets Down Again

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Just as markets fret and worry about the health of the global economy , and especially countries like Greece, Italy, Spain, the UK and Japan, along comes an optimistic report on the state of the world from a premier international talk shop Friday saw more volatility in markets and
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Dollar opens higher on Wall Street rally

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At 7am AEDT, the dollar was trading at $US0.8685/92, up 0.21 per cent from Friday's close of $US0.8668/72. From 5pm AEDT on Friday, the local unit traded between $US0.8720 and $US0.8580, its lowest level since October 2, 2009. Wall Street ended slightly higher as a rebound in
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