UPI NewsTrack Business
Thursday, December 16, 2021 6:06 PM

Related Stories

NEW YORK, Dec. 16 (UPI) -- U.S. markets turned higher after a shaky start Thursday as the Labor Department said initial jobless claims fell slightly in the week ending Dec. 11.

First-time claims for unemployment benefits dropped by 3,000 in the week, the department said. Although positive news, concerns over debt issues in Europe remain a focal point for investors. European Union leaders began a summit meeting Thursday evening in Belgium to discuss a long-range bailout plan to help weaker European economies.

By close of trading on Wall Street, the Dow Jones industrial average gained 41.78 points, 0.36 percent, to 11,499.25. The Standard & Poor's 500 index was up 7.64 points, 0.62 percent, to 1,242.87. The Nasdaq composite index of tech-dominated stock added 20.09, or 0.77 percent, to 2,637.31.

On the New York Stock Exchange, 2,053 stocks advanced and 971 declined on a volume of 4 billion shares traded.

The benchmark 10-year treasury note rose 27/32 to yield 3.434 percent.

The euro rose to $1.3244 from Wednesday's $1.3221. Against the yen, the dollar fell to 83.97 yen from Wednesday's 84.27 yen.

In Japan, the Nikkei 225 index was flat, rising 0.01 percent or 1.51 to 10,311.29.

In Britain, the FTSE 100 index lost 0.02 percent, 1.06 to 5,881.12.

Southwest upgrades Boeing (NYSE:BA) order

DALLAS, Dec. 16 (UPI) -- Southwest Airlines (NYSE:LUV) said Thursday it had changed its order with U.S. aerospace (OTCBB:USAE) giant Boeing, substituting 20 of its 737-700s with 737-800s.

Southwest's Chairman, President and Chief Executive Officer Gary Kelly said the order change "represents many exciting opportunities for our employees and our customers."

The 737-800s, Kelly said in a statement, "sets the stage to bring more destinations into the realm of possibilities for Southwest to operate more economical aircraft, and to offer better scheduling flexibility in high-demand, slot-controlled or gate-restricted markets."

The 737-800 model planes will come with full extended-range twin-engine operational performance standards, a quiet cabin and improved security features, the airline said.

Indiana buys 15 THINK City cars

ELKHART, Ind., Dec. 16 (UPI) -- Indiana purchased 15 electrically-powered, zero-emission THINK City passenger vehicles Thursday that will be tested in state parks.

The vehicles designed in Scandinavia, were assembled at a THINK manufacturing plant in Elkhart, Ind., and are designed to fit into fleet vehicle sales, THINK Chief Executive Officer Barry Engle said.

"Our delivery today is part of a larger effort to help transform the U.S. light-duty vehicle fleet from one that is mostly dependent on imported oil to one that is fueled entirely by domestically produced electric energy," he said.

Indiana Gov. Mitch Daniels said, "We're proud to be the first customer."

"We believe that the coming era of electric cars, like the THINK City, will find its home here in Indiana," he said.

The 15 THINK City vehicles will be used by Indiana's Department of Natural Resources. Indiana Department of Administration director Rob Wynkoop said the new cars represented, "an opportunity to test alternative energy vehicles in real-life situations."

The cars with lithium-ion batteries have a driving range of 100 miles.

Former Wachovia reps charged with fraud

CHARLOTTE, N.C., Dec. 16 (UPI) -- The U.S. Securities and Exchange Commission Thursday charged two investment managers with defrauding customers of more than $8 million, court papers show.

The lawsuit filed in a district court in Charlotte, N.C., says former Wachovia Securities representatives William Harrison and Eddie Sawyer, who are related by marriage, told clients their investments were a "sure thing," and to expect returns of 35 percent, the Charlotte Observer reported.

The lawsuit says the investment managers started Harrison/Sawyers Financial Services in December 2007 and used that platform to entice Wachovia clients to the new venture.

Harrison and Sawyer then asked clients to sign blank forms that they filled out, giving them permission to perform trades online and give Harrison's wife, Deana, power of attorney over their client's funds.

They are also charged with setting up accounts so clients would not receive financial statements.

When stock markets soured in 2008, 42 clients lost more than $8 million, the lawsuit says.

(Source: UPI )
(Source: Quotemedia)


Symbol :


Market news:

  • Top US officer says Iran still driving for a bomb Dec 18, 2021 06:58 AM

    • MANAMA, Bahrain - Iran is trying to build a nuclear bomb, posing a threat to its neighbors, and the United States is "very ready" to counter Iran should it make a move, the top U.S. military officer said Saturday.
    • "The United States takes very seriously our security commitments in the Gulf region," Mullen said following a meeting with Bahrain's king.
    • Bahrain, directly across the Gulf from Iran, is home to a large U.S. Navy base that would be on the front lines of any war with Iran.
      • Obama pushes for nuke treaty ratification Dec 18, 2021 06:35 AM

        • WASHINGTON - President Barack Obama is warning that failure to ratify a new arms control treaty with Russia will undercut American leadership on scores of challenges it faces worldwide.
        • Obama used his weekly radio and Internet address Saturday to plead with the Senate to approve the treaty, a dearly held foreign policy priority in the waning days of Congress' lame-duck session.
        • Obama said without action on the pact, known as New START, "we'll risk undermining American leadership not only on nuclear proliferation, but a host of other challenges around the world."
          • US lawmakers may vote on Armenian genocide measure Dec 18, 2021 06:06 AM

            • WASHINGTON - The House may vote next week on a measure that could damage U.S. relations with critical ally Turkey: a resolution declaring the World War I-era killings of Armenians a genocide.
            • House Democratic leaders had long set aside consideration of the draft resolution, and the measure was expected to expire as a new Republican-led House takes office next month.
            • House aides, speaking on condition of anonymity because they were not authorized to comment, said Friday that Democratic leaders have been discussing a possible vote with lawmakers.
              • Senate nears repeal of military's curbs on gays Dec 18, 2021 06:06 AM

                • WASHINGTON - Congress is close to ending the ban on gays serving openly in the military, with the Senate ready for a landmark vote that could deliver a major victory to the gay community, liberals and President Barack Obama.
                • Senators planned a procedural vote Saturday on a bill ending the Pentagon's "don't ask, don't tell" policy as lawmakers held an unusual weekend session in their race to finish the year's legislative business.
                • If at least 60 senators vote to advance the bill as expected, the repeal, which passed the House this week, could win final passage by late afternoon.
                  • Paris Vogue editor to leave after 10-year tenure Dec 18, 2021 06:06 AM

                    • PARIS - Paris Vogue says its editor-in-chief, Carine Roitfeld, has decided to leave after a 10-year tenure in which the French fashion monthly became "a worldwide reference and indispensable magazine."
                    • The magazine says on its Web site that Roitfeld's years as the top editor were marked by "constant growth" both in terms of circulation and advertising.
                    • Xavier Romatet, the head of Conde Nast France, the French arm of the U.S. publishing house, said he "of course" regrets Roitfeld's decision to leave "even if I understand it."

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
jomariXXXXX CVG$0.31
mrbilltraderXXXXX POT$1.59
sam farahanXXXXX TECD$0.95
adfgafg ERTS$0.48