| Financial stocks lead declines
Stocks fell on Monday after Citigroup raised another warning flag for the financial sector, but pared losses after a reading on the service economy came in stronger than expected. The Dow Jones industrial index (Charts) fell about 0.3 percent more than 2-1/2 hours into the session. The broader S&P 500 index (Charts) and the tech-fueled Nasdaq (Charts) both lost about 0.4 percent. .
(AFX UK Focus) 2007-11-20 05:19 GMT: Singapore shares end morning lower in line with other Asian markets
SINGAPORE (Thomson Financial) - Singapore shares ended the morning session lower Tuesday as markets across Asia tumbled, tracking overnight losses on Wall Street where concerns about credit markets and a faltering US economic outlook deepened. The broad-based sell-off was led by banks and blue chip Singapore Telecommunications Ltd. Sentiment towards Southeast Asia's biggest telecommunications company was dampened after the Indonesian anti-monopoly watchdog yesterday ruled that its majority stakeholder, the Singapore government's investment arm Temasek Holdings, violated Indonesia's anti-monopoly laws. Indonesia's KPPU ordered Temasek to sell its stake in one of the country's two largest cellular carriers, PT Telkomsel and PT Indosat, within two years. Temasek owns 56 percent of SingTel, which in turn has a 35 percent stake in Telkomsel.
Big selloff on Wall Street
Stocks tanked Monday as Goldman Sachs' dour outlook on the financial sector and a weak report on home builder confidence sparked a broad market selloff. After the close, Hewlett-Packard (Charts, Fortune 500) reported quarterly sales and revenue that topped expectations. Shares gained 1.4 percent in extended-hours trading. The Dow Jones industrial average (Charts) lost 218 points, falling below 13,000 for only the second time since the summer. The S&P 500 (Charts) index lost nearly 1.8 percent. The Nasdaq composite (Charts) declined almost 1.7 percent. Small cap stocks were hit harder with the Russell 2000 (Charts) falling 2.5 percent. Treasury prices rose, lowering the corresponding yields. Oil prices rose. Gold prices declined. Goldman Sachs downgraded Citigroup (Charts, Fortune 500) to "sell" from "neutral" Monday and said the bank will likely have to take $15 billion in writedowns over the next two quarters due to bets on risky debt.
An Unprecedented Cross Industry Group of Companies Purchase Licenses under the Katz Portfolio of Patents Which Cover ...
LOS ANGELES, BUSINESS WIRE -- It was announced today that 30 of the nation's largest and technically sophisticated companies in the retail industry, allied health care industry, insurance industry, hospitality industry, energy/utility industry, and financial services industry have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through NNOVIA Replacement Battery for Quickcapture A2D
B&H Photo-Video-$119.95
');" onMouseOut="setTimeout('hideLayer()',500);" class=hotlink2>A2D, L.P. These separate licenses cover services offered by each of the companies in specific fields of use such as "Automated Health Care Services", "Energy and Utility Services", "Product/Service Support" and "Financial Services Call Processing".
Nigeria: Zenith Bank Gets Stable Rating From Standard & Poors
Standard & Poor's Ratings Services has assigned its 'BB-' long-term and 'B' short-term counterparty credit ratings to Zenith Bank Plc. The rating agent stated that the outlook for the bank is stable. "The ratings on Zenith Bank reflects the high economic and industry risks associated with operating in the Federal Republic of Nigeria (foreign currency BB-/Stable/B; local currency BB/Stable/B), limited business and geographic diversification, and increasing banking sector competition," the agency stated. .
Every school every Thursday -- Urbandale/Johnston
The first vocal concert of the year is on Dec. 6 in the gym. The fourth-grade students will perform at 6:30 p.m., followed by fifth-grade students at 7:30 p.m. Cindy Rash is our vocal music teacher directing the students. Families are encouraged to car pool due to limited parking at Beaver Creek.
Horizon
Parent-teacher conferences are from 1:30 to 8:30 p.m. today and from 5 to 8:30 p.m. on Monday. We are looking forward to seeing all parents at the conferences.
Lawson
First-graders celebrated the fall season with a trip to Black's Center Grove Orchard and a half-day fall harvest celebration at school. In their visit to the orchard, students sampled home-grown apples and learned how to sort and cool them. They picked pumpkins and gourds, experienced a one-room schoolhouse, re-created the story of "The Three Little Pigs," and saw farm animals, including elk and turkeys.
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