Tuesday, October 27, 2009

Quick Notes & Articles for the Day - October 27

Home Prices Rise in August - Standard & Poor's released information from the Case-Shiller home price index on Tuesday the showed the market value of homes in 20 major cities rose by 1.2% compared with July. This marks the fourth month in a row that home prices have increased. In August prices rose in 17 of 20 cities. In the past year, prices are down 11.3% in the 20 cities. Prices are down 29.3% from the peak. Prices in all 20 cities were lower in August 2009 than in August 2008.

Consumer Confidence Falls in October - The Conference Board reported that consumers became more cautious in October. The consumer confidence index fell to 47.7 in October from an upwardly revised 53.4 in September. The September confidence index was revised up from the initial estimate of 53.1. Consumers were more pessimistic about the labor market, with those claiming jobs are "hard to get" rising to 49.6% from 47.0% in the prior month.

IBM Approves $5 Billion Stock Buyback - IBM said Tuesday that its board of directors has authorized another $5 billion to use for stock repurchases.

The new funding is in addition to $4.2 billion remaining from an earlier stock-buyback authorization, giving IBM more than $9 billion to repurchase its shares. IBM said that it expects to request additional stock-repurchase funds at its board meeting next April.


Green Business News - Reuters - A few people have asked where they can find out information regarding "green news," so the link above is to Reuters's Green Business site. As we find more good sites, we will pass them along.

Vacation-day Allotment Varies Widely By Country - By Andrea Coombes - MarketWatch - Just one of those interesting stories that was forwarded to me this morning. I am not sure 8 weeks off is worth living in Lithuania though... - "How does eight weeks off per year sound to you? That's what workers in Brazil and Lithuania enjoy -- and Finland, France, Russia, Austria and Malta aren't far behind, according to a recent study comparing workers' holiday time in 41 countries."

No comments: