News

Stocks Rise on Oil Price Drop, Mixed Economic Data

NEW YORK - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.

Industrial Output Plunges, Second Big Drop in Two Months

WASHINGTON - The nation's industrial output plunged in April, reflecting big cutbacks in autos and other manufacturing industries.

Tightening Bottom Line Top Priority for Banks

May 15--Visitors to LaSalle Bank's executive dining quarters at 135 S. LaSalle St. used to circle their choices on the menu.

Gold-Quest Owners Face Fines, Jail Time If Assets Not Surrendered

By JOHN G. EDWARDS

Indonesia Encourages China to Increase Investment

Text of report in English by Indonesian government-owned news agency Antara website

Blackstone Posts Losses Despite Record AUM Growth

NEW YORK (HedgeWorld.com) - If one had to prove that alternative investment firms, despite their efforts to grow, depend not just on asset gathering but also performance to generate revenues, The Blackstone Group LP's first-quarter results would be the perfect illustration.

Flexible Hours Boost for Millions

THE right to request flexible working hours is to be extended to about 4.5 million parents of children aged up to 16, the government announced yesterday.

Seeking Potential Spark of Success

May 16--Convention in Charlotte Seeking potential

Hardee's Launches New Burger

Hardee's Food Systems, a wholly owned subsidiary of CKE Restaurants, has introduced its new Prime Rib Thickburger.

Japan stocks edge lower, ending winning streak

TOKYO - Tokyo stocks edged lower Friday after a four-day winning streak as investors sold recent gainers such as precision equipment and electronics makers.

Hedge Funds Gain in April, but Earlier Losses Remain

NEW YORK (HedgeWorld.com) - Resurgent long/short equity hedge funds helped the Credit Suisse/Tremont Hedge Fund Index to a 0.57% return for April, though drawdowns from earlier months continued to weigh on the index, which remained at negative 1.45% for the year.

Kingdom Kane: Raleigh Builder Thrives During Slow Economy After His Success at North Hills Helps Him Thrive Down Market Credit Crunch Other Projects

May 16--RALEIGH -- The tightening commercial real estate lending environment has put the kibosh on construction projects throughout the country.

Bryn Mawr Revitalization in Business

May 16--Bryn Mawr, a tired Main Line village where revitalization has been the talk for more than five years, finally has a new look -- on paper anyway.