Baku and Tbilisi discussed issue of investment in the reconstruction of Georgia's highways

Baku and Tbilisi discussed issue …

Baku and Tbilisi discu...

Pentagon chief left Georgia

Pentagon chief left Georgia

Deputy Defense Ministe...

Georgian parliament begins debate of the draft bill "On the State Language"

Georgian parliament begins debate…

Parliament begins deba...

"Dnepravia" suspends flights from Kharkiv to Tbilisi and Batumi

"Dnepravia" suspends fl…

Airline "Dniproavia" f...

Georgian Orthodox Church celebrates the Assumption of the Blessed Virgin Mary - Mariamoba

Georgian Orthodox Church celebrat…

Georgian Orthodox Chur...

The Georgian Foreign Ministry published a list of countries with which it will support the visa-free message

The Georgian Foreign Ministry pub…

The Georgian Foreign M...

Visa to Georgia will cost $ 50

Visa to Georgia will cost $ 50

From September 1, 2014...

Georgia does not acknowledge presidential elections in Abkhazia

Georgia does not acknowledge pres…

The Georgian Foreign M...

In Baku is discussed the construction of the railway Marabda-Kartsakhi

In Baku is discussed the construc…

The 20th meeting of th...

Azerbaijan, Turkey and Georgia will hold joint military exercises

Azerbaijan, Turkey and Georgia wi…

Azerbaijan, Turkey and...

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Stocks rise and fall as business inventories edge up

USA/PRregister.com/ The stock market traded in a tight range Thursday after the government said businesses increased inventories by a larger-than-expected amount in November.

The gain in inventories is a welcome sign for the economy and suggests that businesses are feeling more confident that sales will pick up. It was the second straight month that stockpiles increased after 13 months of declines.

There was also positive news from SAP, a major business software maker based in Germany. SAP said its fourth-quarter revenue fell less than forecast, providing some reassurance that companies are becoming more willing to invest in technology.

In less encouraging news, the Labor Department reported that workers seeking unemployment benefits for the first time rose by 11,000 last week, more than the 3,000 economists had expected. The jump was due partly to typical seasonal layoffs in the retail, manufacturing and construction industries.

"The economy has already shown signs of improvement and in investors' minds the question is how much of that is already priced into the market," said Brian Lazorishak, portfolio manager at Chase Investment Council.

Demand for the safety of government debt increased.

Stocks rose Wednesday, led in part by financial stocks after the appearance by bank CEOs on Capitol Hill did not dissuade investors from jumping into the sector. The executives testified before Financial Crisis Inquiry Commission, which is investigating the near collapse of the financial system and credit markets in the fall of 2008.

The dollar was mixed again other major currencies. Gold fell modestly.

Crude oil fell 27 cents to $79.77 per barrel on the New York Mercantile Exchange.

Last modified onSaturday, 20 August 2011 00:29

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