Archives for Stock Market
Stocks end off their lows, weighed down by Europe
NEW YORK (AP) -- Stocks ended lower Monday on lingering fears that Europe's debt crisis will continue to spread even after Ireland gets bailed out. The Dow Jones industrial average dipped below 11,000 but recovered much of its losses late in the day. The euro fell to a two-month low as investors flocked to the safety of the dollar and U.S. Treasurys. Gold prices also rose. Investors are worried that other weak European countries like Portugal and Spain will still need help even after the $90 billion bailout package for Ireland announced on Sunday. Some of those worries faded late…
Scott: Forecast on jobs not bad
The effects of a continued moratorium on offshore oil and gas drilling and possible added federal taxes related to oil exploration may hamper the Louisiana economy, long after the BP oil leak, said Loren Scott Wednesday. Job growth for the state is projected to be flat over the next two years adding just 10,600 jobs, as industry leaders in the oil and gas sectors continue to worry about the effects of a moratorium on offshore oil and gas exploration in the Gulf of Mexico and proposed multibillion-dollar federal taxes on the oil extraction industry, according to a report by Louisiana…