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Legal D-Day puts Cope under pressure ahead of by-elections.(News)

Article from: Cape Times (South Africa) Article date: November 20, 2008

BYLINE: Christelle Terreblanche

WITH its image and name likely to be contested in court, the fledgling Congress of the People (Cope) is now under pressure to create a policy platform on which to campaign in by-elections it hopes to contest in only 21 days time.

A number of ANC councillors, who resigned their local government seats to join Cope, intend seeking re-election under the Cope banner in 44 by-elections countrywide to be held on December 10. Yesterday, however, Cope could not provide a final figure on how many by-elections it aims to contest.

The party's ...

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Stocks Up 305 in Election Rally

Posted Nov 4, 08 3:19 PM CST in Business 

Stocks Up 305 in Election Rally
Source: AP Photo

(Newser) – Stocks rallied on Election Day as investors applauded the looming conclusion to the presidential race, the Wall Street Journal reports. Continuing declines in interbank lending, and strong third-quarter earnings reports also fueled optimism, with the Dow rising 305.45 to close at 9,625.28. The Nasdaq climbed 53.79 closing at 1,780.12, while the S&P 500 gained 39.45 to settle at 1,005.75.

The three-month US Libor dropped 0.10% to 2.706%, its 17th consecutive daily decline, signaling easing lending costs. Archer Daniels Midland rose 14.83% after the agricultural firm reported a doubling in third-quarter profit. MasterCard also shot up 18.2% despite reporting a quarterly loss of $194 million, because the loss was due to an antitrust penalty.

More about:  Election 2008 • Financial Crisis • Dow Jones • S&P 500 • Nasdaq • Election Day • MasterCard • Libor

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