Tag Archives: Stock Market

Dow Jones Sees 53 Percent Gain This Year

The Dow Jones Industrial Average closed at 10015.86 today, reaching 10,000 for the first time since October of 2008. The boost was thanks to a better-than-expected profit from bank JP Morgan Chase. That marks a 53 percent gain in only seven months, Wall Street Journal.

Confusion has erupted over whether an agreement has been reached in Honduras between the ousted government and coup leaders. Negotiators for ousted President Manuel Zelaya have said an “unified text” has been agree upon, but representatives of interim leader Roberto Micheletti deny this. Talks are likely to resume again tomorrow, BBC News.

The Iraqi government has estimated that 85,000 citizens were violently killed during the 2004 to 2008 American occupation. The estimate does not include foreigners or insurgents. Past reports have placed the number anywhere between 100,000 to over half a million, BBC News.

European officials have criticized Turkey over threats to freedom of expression in the country. This comes after controversy about a $3.9 billion fine against Dogan Yayin, Turkey’s largest media conglomerate, who have been critical of the current government, New York Times.

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Man Arrested in Jakarta With Live Bomb

Police say a man who was carrying a bomb and planning to hijack a plane and fly it into a high-rise building has been arrested in Jakarta. The man is said to be a follower of terrorist leader Noordin M Top, who police believe is responsible for the July 17th attacks on the Marriott and Ritz-Carlton hotels in Jakarta. Six foreigners and one Indonesian were killed in last week’s bombing, Jakarta Globe.

Fighting between government forces and armed separatists has killed eight people in Yemen. The separatists claim President Ali Abdullah Saleh is involved in a corruption scandal and want independence, BBC News.

44 people, including three mayors, two state legislators and several rabbis, were arrested in New Jersey today on corruption charges. The charges stem from “an investigation of an international money laundering ring that trafficked in everything from fake Gucci and Prada handbags to human kidneys,” USA Today.

The Dow Jones finished above 9,000 for the first time since January. The gain came after strong reports from major companies, including Ford, who reported a lower loss than expected, Washington Post.

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