NEW YORK — Stocks are jumping to new highs for the year as the dollar slides, boosting prices for commodities including gold and oil.
Investors are also buying stocks Monday on growing confidence about the global economic recovery. News that the Group of 20 countries will keep stimulus measures in place signals interest rates will remain low.
Investors see the dollar as weaker than other currencies because of low U.S. interest rates. They’re using it to finance purchases of investments in other countries. That weakens the dollar.
At midday, the Dow Jones industrials are up 150 at 10,174. That’s 50 points above its previous 2009 high.
The Standard & Poor’s 500 index is up 16 at 1,086. The Nasdaq composite index is up 30 at 2,142.
Business
November 9, 2009
Stocks jump after G-20 pledge to aid economies
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Online convenience
This tax season, the West Virginia State Tax Department is helping people understand the benefits of filing online and making them aware of the tax credits available.
“There’s a really good chance that people can save money ... and a bonus is you’ll get your refund a lot quicker,” Danny Forinash, public information officer for the State Tax Department, said of e-filing. -
J’s Supper Club: Fine dining, beautiful place
J’s Supper Club offers fine dining in an intimate atmosphere.
Business partners Janet Thompson and Janie Kerrigan opened the establishment in Fairmont at 1523 Mary Lou Retton Drive, across from the Armory, at the beginning of November. -
‘Almost like Cinderella’
When Morgantown business owner Diane Lewis was given the chance to attend the State of the Union address, “it was almost like Cinderella and being invited to the ball,” she said.
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Dan Cava’s Used Cars opens in White Hall
Dan Cava’s Used Cars invites everyone to stop by and see its selection of quality, pre-owned vehicles.
This used car lot opened for business about a week ago in White Hall along U.S. 250, by the Go Mart gas station just down the road from Dan Cava’s Toyota World. Middletown Tractor was previously located at this site. -
Finalists work toward next round of business competition
The 10 teams remaining in the 2011-12 West Virginia Statewide Collegiate Business Plan Competition are gaining “phenomenal experience.”
Those finalists were announced in December following round two of the competition, which was held Nov. 15 at the University of Charleston. -
Auto parts focus of Shaffer’s Recycling Center
John Shaffer, of the new Shaffer’s Recycling Center, loves his work and is following in his dad’s footsteps.
In November, he and his wife Kim officially started the business at 300 Jefferson St. in Fairview. After coming into town, people can find the facility by turning right past First Exchange Bank and traveling about a quarter of a mile. Residents may remember the building as the former home of Fairview Bit. -
Rider Pharmacy marking 45th anniversary
Rider Pharmacy has worked hard over the past 45 years to establish superior customer service and products.
The late Alice Bennett established Bennett’s Pharmacy in 1939 at 310 Merchant St. in Fairmont, across the street from where Rider Pharmacy is located today. -
Unemployment rate falling in most state counties
Most counties in the state have improved their unemployment rates, and this trend is expected to continue gradually in the near future.
WorkForce West Virginia recently released Labor Market Information by West Virginia County for November 2011. The report provides a county emphasis map, which is a ranking of the counties. -
Whitney Helms relocates to Les Cheveux
“Boring” isn’t a word Whitney Helms associates with her job.
Helms, who recently relocated to Les Cheveux in Fairmont, gets to do a variety of beauty-related tasks in her profession, which keeps her on her toes and makes her work interesting. -
INNOVA investing in new ethane ‘cracker’ technology
INNOVA Commercialization Group of Fairmont is helping Aither Chemicals of South Charleston keep West Virginia resources in the state.
INNOVA, an initiative of the West Virginia High Technology Consortium Foundation, recently invested $200,000 in Aither Chemicals, which is developing a new ethane “cracker” technology. - More Business Headlines
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Online convenience
