The struggling furniture industry is getting some much-needed cushion from some unlikely sources. Who'd have thought that things like "reclaimed" wood, bike rims and bourbon barrels might help the struggling sector pull through the recent retail sales funk? But according

MOHAMED EL-ERIAN, THE CHIEF EXECUTIVE OF PIMCO and its co-chief investment officer, has predicted that the U.S. economy will be moving into a sluggish "new normal" stage when the recession ends. That stage will be marked by annual gross domestic

If you're not already suffering from DVD overload, you probably should be. This month alone, close to 1,000 DVDs and films are coming out, according to MovieWeb.com, a site that tracks releases. How does the home-viewer sift through them all?

Get ready for Stimulus Part 2.Against a backdrop of deteriorating jobs, administration officials and policy makers are weighing further action intended to prop up the labor market and expand some federal safety nets.Despite some signs that the economy is beginning

The market may pull back in October, but these brokerages say to keep investing for the long haul; the economic recovery will continue.Who's Talking: Jeffrey Saut, Chief Investment Strategist and Managing Director of Equity Research at Raymond JamesThe Gist: Don't

How much money could health-care reform save the average American family? A new Senate plan would deliver $71 a year, maybe. But the total savings that should be wrung out of America's health-care system is probably closer to 100 times

Dollar Hits 14-Month LowGOOD MORNING. Stocks in Asia closed higher today; U.S. futures are pointing to a mixed open.American presidents always say they support a strong dollar. And President Obama—this year's recipient of the Nobel peace prize—is no different from

News at a GlanceWeak Dollar: Pushes exports up, stocks down.Gold Shines: Hovers near $1,050 an ounce.China Rally: Shanghai Composite on the rise.Bernanke Speaks: Tightening will happen, but not soon.The LowdownStocks were tepid at the Friday open on the heels of

Iceland Melts DownBankruptcy appears to loom for Iceland after the government takes over Kaupthing Bank, the third and final of the country's three banks to come under government control. Iceland also suspends trading on its equities markets today. Meanwhile, trading

Market Wrap-UpStocks and most exchange-traded funds climbed sharply through midday Thursday, then faded, but retained some of their gains.A trifecta of declining jobless claims, raised guidance from retailers and Alcoa's () upside earnings surprise buoyed major indexes.The Dow Jones Industrial

Free MoneyThe Federal Reserve announces today it will make $37.8 billion more available to troubled insurer American International Group, which has already received $85 billion from the government. The loan comes after last week's news that AIG was using up

If you're looking for credit information, there have been two types of free: the free report that you're entitled to by law once a year from the three major credit bureaus and "free" credit reports constantly hyped in television ads

Alcoa UpAlcoa () kicked off the third-quarter earnings season on Thursday by beating expectations with a surprise profit. Shares for the Pittsburgh-headquartered aluminum maker, whose quarterly results are closely watched by Wall Street, were up 3.7% in midmorning trading.The company

For gold bugs, what a long, strange trip it's been.A ago, strategists would get laughed at for recommending gold or gold-mining stocks. Stock investors had to scramble for straight commodity exposure, as products like SPDR Gold Shares (), PowerShares Precious

The anticipation that the weeks ahead will see the stock market come out stronger has continued to impact positively on activities in the market.

Equity Market

Kampala, Dar es Salaam fail to attract any KCB shares

A boardroom fight between John Moxon, the former chairman of Kingdom Meikles Africa Limited (KMAL), and Nigel Chanakira, the group's chief executive officer, whose continued stay at the helm of the group hangs by the thread, has cost shareholders US$410

As companies groan under the global economic meltdown, former Deputy Speaker of the House of Representatives, Mr. Chibudom Nwuche, has called on the National Assembly to pass an Act that will inject more funds into the banking sector and the

Driven by gains on the share prices of major blue chip companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated, Wednesday, by N22.15 billion.