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Financial Markets Closing

09/05/2012 20:07:00 By Peter Milosheff, viewed 877 times.
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ECB's bond buying plan said to pledge unlimited, sterilized bond buys to assuage concerns about printing money. The plan is believed to focus only on government bonds and target short-dated maturities up to three years. Regarding the ECB interest rate announcement, economists are split over a rate cut and no change. 

Supervalu to close 60 stores on slumping sales.

Fedex fell in U.S. trading after projecting its first quarterly earnings decline since 2009 on lower demand for express packages.

Facebook CEO Zuckerberg will not sell stock for at least a year.

 

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John Ryan

is a Clifton Park, New York native, a graduate of the Columbia University Graduate School of Journalism in New York City and a freelance reporter and photographer. He received a bachelor’s degree in Systems Engineering from the U.S. Military Academy in 2003. He served two tours in Iraq as a platoon leader in the U.S. Army, wrote a 160-page guide to capture insurgents and earned a Bronze Star for meritorious service before being discharged as a captain in 2008. He is a certified personal trainer and will represent Ireland at the World Lacrosse Championships this summer (2010).