Archives for November 2010
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…
Louisiana Business Climate Number Nine in United States
Louisiana’s 2010 business climate is ranked ninth in the country by “Site Selection” magazine. The ranking moves the state up from 25th place in 2009, giving Louisiana the strongest surge compared to any other state in the listing. “This terrific news is a reflection of Louisiana’s continued economic progress during a difficult national economic period,” said Louisiana Economic Development Secretary Stephen Moret in a statement. “Our dramatically improved ranking is in large part the result of recent economic competitiveness improvements in Louisiana, such as business tax cuts, governmental ethics reform, the creation of Louisiana FastStart and our focus on business…