Thursday, February 26, 2009

Quick Overview

  • U.S. jobless claims rose 36,000 last week to 667,000, the most in over 16 years. Americans continuing to receive unemployment benefits topped 5.1 million.

  • U.S. durable goods orders fell 5.2% MoM.

  • UK Feb. House Prices fell 17.6% YoY vs. 17.1% expected

  • GM lost $9.6 billion in the fourth quarter of 2009.

  • The number of troubled U.S. banks rose 47% to 252 in Q4 the FDIC said.

  • PepsiCo has announced it will be introducing a new line of ‘pure sugar’ soft drinks in late April.

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