Securities For Beginners

Thursday, December 15, 2005

News Thursday, 15 December, 2005

Ford to Save $850 Million in New Health Care Pact (NY Times)
Local auto union officials said yesterday that they had approved the Ford Motor Company's demands for lower annual health care costs, saying the agreement would save the automaker $850 million annually. The decision paves the way for a ratification vote by union-represented factory workers.

U.S. Trade Deficit Reaches All-Time High (Yahoo! Finance)
A surge in oil imports and a flood of Chinese televisions, toys and computers helped to drive the U.S. trade deficit to an all-time high in October.
The Commerce Department reported Wednesday that the gap between what America sells overseas and what it imports rose by 4.4 percent to $68.9 billion, surpassing the record of $66 billion set in September.

Broad stock index hits highest close since 2001 (MSNBC.com)
Stocks rallied on strength in industrial shares Wednesday, pushing a broad market index to its highest close in more than four years, although technology shares struggled after Apple Computer was downgraded by two brokerages.

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