For Huckabee, yanking attack ad a ‘gamble’ (The Washington Times)
Monday, December 31st, 2007Mike Huckabee is now betting on “Iowa nice” to carry him to victory here, announcing in a dramatic news conference…
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Archive for December, 2007
Wall Street wraps up ‘07 in somber mood (AP)
Monday, December 31st, 2007
AP - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.
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Smokeless casinos await fate (Chicago Tribune)
Monday, December 31st, 2007They’ve been puffing away at penny and nickel slots in the glitzy Casino Queen, taking slow drags playing video poker at the bar and lighting up in the hallways while digesting winnings or losses.
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Casinos await fate after smoke clears (Chicago Tribune)
Monday, December 31st, 2007EAST ST. LOUIS, Ill.—They’ve been puffing away at penny and nickel slots in the glitzy Casino Queen, taking slow drags playing video poker at the bar and lighting up in the hallways while digesting winnings or losses.
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Rollercoaster Asian stocks set to rise in 2008: analysts (AFP)
Monday, December 31st, 2007
AFP - Asian stock markets gave investors a white-knuckle ride in 2007 but most are up sharply and analysts predict turbulent gains next year despite a severe US financial crisis.
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South Korea turns more cautious on 2008 economy (Reuters)
Monday, December 31st, 2007
Reuters - South Korea’s economy will probably
expand by slightly less than the previously projected 5 percent
in 2008 due to increased risks from the slowing global economy
and firmer oil prices, Finance Minister Kwon O-kyu said.
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BP settles Alaska tax dispute for $379 million (Reuters)
Monday, December 31st, 2007Reuters - BP unit BP Exploration
(Alaska) Inc has agreed to pay $379 million to settle a dispute
over outstanding corporate income taxes charged between the
years 2000 and 2002, Gov. Sarah Palin said on Monday.
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Home Loan Insurers Set Default Mark (Hartford Courant)
Monday, December 31st, 2007Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group.
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Emerald Casino drops fight against state to win gambling license for Rosemont venue (Chicago Tribune)
Monday, December 31st, 2007A controversial company whose license to open a casino in Rosemont was revoked over allegations of mob ties has ended its long legal struggle to regain the license, its attorney said Monday.
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Malta joins euro zone (Reuters)
Monday, December 31st, 2007
Reuters - The Mediterranean island of Malta
became the smallest member of the euro zone at the stroke of
midnight on Tuesday.
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Menzies helped block casino to prevent ‘a sort of Las Vegas’ (ABC via Yahoo!7 News)
Monday, December 31st, 2007Former prime minister Sir Robert Menzies played a key role in blocking early plans for a casino in Canberra.
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Cyprus, Malta convert to euro (AP)
Monday, December 31st, 2007
AP - EU newcomers Cyprus and Malta adopted the euro Tuesday, bringing to fifteen the number of countries using the currency with increasing clout over the slumping U.S. dollar.
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Cyprus and Malta adopt the euro (AFP)
Monday, December 31st, 2007
AFP - Cyprus and Malta joined the eurozone on Tuesday, bidding farewell to the Cyprus pound and Maltese lira, expanding the club of countries using the single European currency to 15.
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Giuliani’s last-ditch gamble (Sydney Morning Herald)
Monday, December 31st, 2007As most of his rivals fight for the national spotlight in Iowa, the former New York Mayor is gambling his campaign on New Hampshire.
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A down day, but stocks gain in ‘07 despite subprime (Reuters)
Monday, December 31st, 2007
Reuters - Stocks fell on Monday, but the market
managed to make a modest advance in 2007 after gains in energy
and technology offset the dramatic sell-off in financials from
the mortgage market meltdown.
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Federal Home Loan Bank of San Francisco Releases November 2007 Cost of Funds Index (Business Wire via Yahoo! Finance)
Monday, December 31st, 2007SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced December 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for November 2007 is 4.172%.
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Home sales up a bit, situation bleak (AP)
Monday, December 31st, 2007AP - Sales of previously owned homes nudged up in November, but that didn’t improve the broader picture of a feeble housing market racked by record-high foreclosures and harder-to-get credit.
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Nautilus Gets New $150 Million Loan (AP via Yahoo! Finance)
Monday, December 31st, 2007Fitness products company Nautilus Inc. said Monday it agreed with Bank of America N.A to replace its current debt facility with a a five-year, $100 million loan.
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Stocks fall on last day of 2007 (AP)
Monday, December 31st, 2007
AP - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.
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Cyprus adopts the euro, Malta to follow suit (AFP)
Monday, December 31st, 2007
AFP - Cyprus officially joined the eurozone at midnight (2200 GMT) on Tuesday, bidding farewell to the Cyprus pound and expanding the club of countries using the single European currency.
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US stocks end tumultuous 2007 in the red (AFP)
Monday, December 31st, 2007
AFP - US stocks ended a tumultuous 2007 with a whimper Monday, retreating in the face of a new year fraught with worries about economic growth, a housing meltdown and tight credit.
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Wall St sags, but ends ‘07 up despite subprime woes (Reuters)
Monday, December 31st, 2007Reuters - Stocks fell on Monday, but the market
managed to make a modest advance in 2007 after gains in energy
and technology offset the dramatic sell-off in financials from
the mortgage market meltdown.
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Shares hurt by tax selling may rebound in 2008 (Reuters)
Monday, December 31st, 2007Reuters - Home builders and financial issues,
the biggest casualties of the subprime lending meltdown, were
hit again by tax-motivated selling in recent weeks but could
rebound a bit early in the new year, money managers said on
Monday.
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Stocks fall on last day of ‘07 (AP)
Monday, December 31st, 2007
AP - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would see a continuation of the uncertainty and turbulence of 2007.
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Market ends down for day, higher for year (Reuters)
Monday, December 31st, 2007Reuters - Stocks fell on Monday, but the three
major indexes ended higher for the year after gains in energy
and technology offset the dramatic sell-off in financials from
the subprime mortgage meltdown.
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Casino Mogul Eyes Mass. Market (AP via Yahoo! Finance)
Monday, December 31st, 2007Casino tycoon Sheldon Adelson is on a winning streak. The 74-year-old helped reinvent Las Vegas by emphasizing luxury suites, fine dining and entertainment as chairman and chief executive of Las Vegas Sands Corp.
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Wall St stocks end year on down note (FT.com)
Monday, December 31st, 2007FT.com - US stocks finished a tumultuous year lower, amid thin volume on Monday, as investors digested fresh data on the housing market.
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Epic Gaming Wants to Build Kansas Casino (AP via Yahoo! Finance)
Monday, December 31st, 2007A Las Vegas company is asking the state to let it compete for a contract to build and manage a casino in Dodge City, even though it missed last week’s deadline for filing a proposal.
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Stocks drop on last day of 2007 (AP)
Monday, December 31st, 2007AP - Stocks sank Monday, the last day of Wall Street’s volatile and difficult year, with investors still jittery about the economy in 2008 despite a modest uptick in existing home sales.
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Market falls as year’s winners sold (Reuters)
Monday, December 31st, 2007Reuters - Stocks fell on the year’s final
session on Monday as traders sold some of the market’s best
performers, including Microsoft Corp and Exxon Mobil
Corp , to book profits before the close of 2007.
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