CSBJ Daily

The Associated Press
BEIJING_China attracted $11.2 billion in foreign investment in January, up 109.8 percent from the same month last year, the government said Monday.
The Commerce Ministry, which reported the figure in a one-sentence statement, gave no explanation for the sharp rise. China’s economy is growing strongly at a time […]

The Associated Press
General Motors Corp. today reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company
Executives said the company will make a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
The earnings report […]

Dow Jones and Company announced that Bank of America Corp. and Chevron Corp. will replace Altria Group, Inc., and Honeywell International, Inc., in the Dow Jones Industrial Average, effective with the opening of trading on February 19. The stock index is 111 years old.
These are the first changes since April […]

Chinese astrologer Tony Tan made money a healthy amount of money for his clients by predicting that Asian stock markets would rise last year – during the Year of the Pig.
But watch out for the Year of the Rat, Tan says, which starts this week.
“Just like a rat, investors will have to […]

The Mortgage Banker’s market composite index, which measures the volume of home loans processed throughout the country, was up 7.5 percent last week.
The increased activity resulted in a dramatic increase in refinance applications.
The index that tracks refinance applications jumped 22.1 percent for mid-January, pushing its share of mortgage activity from […]

More than 2.2 million foreclosure filings were reported nationally during 2007, an increase of 75 percent compared to 2006.
RealtyTrac’s 2007 U.S. Foreclosure Market report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent during 2006.
Nearly 216,000 […]

XAware Inc. has completed a $7.4 million round of venture funding. The additional capital will enable the company to continue the growth of its open source business model.
The round was led by vSpring Capital. Firms participating included new investor GMT Capital, a $3.5 billion hedge fund based in Atlanta, and […]

The Financial Accounting Standards Board has released the Accounting Standards Codification, which will be accessible during a one-year verification phase.
The standards are available on the FASB’s Web site.
During the verification period, constituents are encouraged to use the free online research system and provide feedback about whether the content reflects U.S. […]

The Associated Press
Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.
Congressional officials close to the negotiations said House Speaker Nancy Pelosi and Republican Leader John Boehner of Ohio reached agreement in principle […]

The Associated Press
Hurt by the deepening credit crisis, Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, and Wachovia Corp. reported its earnings tumbled 98 percent.
Net income at Bank of America, the nation’s second-largest bank, dropped to $268 million, or 5 cents per share, in the three […]