Posts Tagged ‘NY’

U.S. Gaming Revenues To Recover in Late 2011, 2014 Revenues to Reach $68B

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – The gaming industry which has been hard hit in recent years is slated is slated to rebound due to improved economic conditions triggering a recovery in U.S. gaming revenues in late 2011. However 2007 pre-economic meltdown gaming revenue levels will not […]

Drop In Jobless Claims Push Stocks Up

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The report of a huge drop in unemployment claims stirred a Wall Street rally on Wednesday despite lower sales of new homes and durable goods. The Dow Jones Industrial Average climbed 151 points or 1.4 percent to close at 11,187. American […]

Korean Hostility, U.S. Economic Downgrade Send Stocks Falling

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The exchange of artillery fire between North and South Korea and the Fed’s bleak economic outlook next year sent shivers down the spine of investors and U.S. stocks sliding on Tuesday. The Dow Jones Industrial Average lost 153 points or 1.5 […]

Delta’s $1.2B Terminal Expansion at New York’s JFK Begins

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – Delta Air Lines, JFKIAT LLC, and the Port Authority of New York and New Jersey broke ground Friday on a $1.2 billion project slated to enhance and expand Terminal 4 at at John F. Kennedy International Airport. According to those close […]

Caterpillar Acquisition, Better October Retail Sales Boost Stocks

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The acquisition by construction equipment giant Caterpillar of mining-equipment maker Bucyrus International Inc. for $7.6 billion and a 1.2 percent increase in retail sales in October sent U.S. stocks climbing on Monday. The Dow Jones Industrial Average went up 85 points […]

Commodities Prices Fall On Chinese Interest Rates Fears

Linda Young – AHN News Writer New York, NY, United States (AHN) – Commodities prices for precious metals, oil and agricultural raw materials took the hardest fall in 18 months on news that China might take steps to avert inflation. Prices of commodities futures fell by up to 3.8 percent on news that China’s central […]

Cisco Fall Pulls Wall Street Down

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – U.S. stocks plunged on Thursday as shares of networking giant Cisco Systems tumbled following its announcement the previous day of lower than expected growth for the year. A 16 percent drop in Cisco shares saw the Dow Jones Industrial Average losing […]

Stocks Climb As Dollar Weakens

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – U.S. stocks sharply fell early in the session on Wednesday before closing higher amid the weakening of the dollar. The Dow Jones Industrial Average rose 10 points or 0.1 percent to 11,357. The Standard & Poor’s 500 Index added 3 points […]

Wall Street Retreats As Investors Turn To Gold

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – U.S. stocks fell slightly on Monday as hedge-seeking investors went for commodities and sent gold prices up to a record high of $1,403 an ounce. The Dow Jones Industrial Average lost 37 points or 0.3 percent to close at 11,407. Boeing […]

Fed’s $600 Billion Economic Stimulus Plan Drives Stocks Up

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The Federal Reserve’s announcement to buy $600 billion in bonds to stimulate the economy sent global markets rallying and U.S. stocks surging on Thursday. The Dow Jones Industrial Average was back in the same height before the crash of Lehman Brothers […]