RSS Feed
The Labor Department announced Thursday that over 450,000 U.S. citizens filed for unemployment insurance for the first time last week. This amount is higher that expert economist predicted, which was 445,000. Economist Zach Pandl explained that “Everyone would like to see the labor market improve faster, but with the overall economy growing slowly, recent claim [...]
Archive for the ‘Finance’ Category
Unemployment Insurance Rising in U.S.
Posted by Stephen Lee on November 8th, 2010
Monday Trading: U.S. Stocks Set to Slide
Posted by Amelia on October 18th, 2010
Investor’s express caution as Dow Jones industrial averages (INDU), Nasdaq (COMP), and S&P 500 (SPX) futures were all lower in anticipation of the Monday morning bell. Of the companies that have posted third-quarter results for the S&P 500, 83 percent have passed analyst estimates, according to Reuters. A few stocks to keep an eye on [...]
Posted in Business, Featured News, Finance 
Tags: BP, Dow Jones Industrial Average, Monday trading, Nasdaq, Reuters, S&P 500, TNK-BP, U.S. Stocks, Venezuela, Vietnam 
Comments OffThird Quarter Record Highs- Foreclosures Auctions, Bank Repossessions
Posted by Kathy on October 14th, 2010
Third quarter numbers came in with home foreclosure auctions and bank repossessions setting record levels. Nationwide, 372,445 auctions were scheduled over a 3-month period, while 288,345 repossessions took place. Fillings for foreclosures increased 4% from the previous quarter bring the number to 930,437 for the third quarter. Repossessions, or REOs, rose in September and saw [...]
Posted in Featured News, Finance Tags: Arizona, Business, California, Florida, Foreclosure, Illinois, Michigan, Nevada Comments OffThe Job Hunt: Need a Broader Range of Skills
Posted by Stephen Lee on October 13th, 2010
If the current job market wasn’t challenging enough, many unemployed Americans are resorting to going back to their old jobs. The most unfortunate part, however, is that they are no longer qualified for their old positions. In the past few years, many companies have downsized to stay competitive in their market. By doing this, it [...]
Posted in Featured News, Finance Tags: Business, Database administrator, Employment, Federal Reserve Bank of Atlanta, Government, Job Search, Unemployment, United States Comments OffPfizer Offers to Buy King Pharma for $3.6 Billion
Posted by Charles Wellington on October 12th, 2010
Early Tuesday trading got an early bump when Pfizer Inc. offered to buy King Pharmaceuticals, the specialty drug manufacturer. The announcement saw shares jump 39% for King Pharmaceuticals. King Pharmaceuticals, a Tennessee based company, stock climbed as high as $14.17 on volume of its nearly 110 million shares. Pfizer Inc. meanwhile shed 5 cents to [...]
Posted in Business, Featured News, Finance Tags: Atorvastatin, Biotechnology and Pharmaceuticals, Business, buys, King Pharmaceuticals, Pfizer, Pharmaceutical industry, purchase, Stock market, Tennessee, Wyeth Comments OffIBM Shares Hit All-time High
Posted by Stephen Lee on October 12th, 2010
On Monday, IBM shares hit an all-time high thanks to a slight market upswing. The stock reached $139.88 before finally coming back down and closing at $139.66. The monumental mark for IBM saw the company’s shares rise 81 cents for the day. Previously stocks reached $139.19 during the dot-com craze back in 1999. IBM’s corporate [...]
Posted in Business, Featured News, Finance Tags: accenture, all time high, Business, Company, Dot-com bubble, Earnings per share, hardware, IBM, IBM shares, Investing, Share (finance), Stocks Comments OffGas Prices Rise Again: 8 Cents in Two Weeks
Posted by Charles Wellington on October 10th, 2010
Gas prices could be on the rise again posting jumps of 8.23 cents over the past two weeks. The Lundberg Survey released reports that the price of a gallon of regular unleaded is $2.77. Of the cities surveyed, San Francisco was the highest at $3.08, while Tucson, Arizona brought in the bottom at $3.51 a [...]
Posted in Business, Featured News, Finance Tags: California, Diesel fuel, Filling station, Gallon, Gasoline, Price, rising gas prices, rising prices, san francisco, United States 2 Comments »Social Security Benefits: Expect No Increase For 2011
Posted by Amelia on October 6th, 2010
Social Security beneficiaries will find out in mid-October whether they will see an increase in their Social Security benefit checks. It is believed that for a second year in a row, beneficiaries will see no increase due to the lack of inflation and cost-of-living adjustment (COLA) figures, usually the predictor in generating a bump in [...]
Study Reveals Record Low Mortgage Rates
Posted by Charles Wellington on October 5th, 2010
Bankrate.com recently released housing market data that revealed mortgage rates in the United States are at a new record low. The average rate for a conforming 30-year fixed mortgage is said to be 4.5%; a 15-year fixed mortgage is estimated at 3.94%, and a jumbo 30-year fixed mortgage rate is averaged at 5.16%. In addition, [...]
Uncertainty ‘Freeze’ Stocks Wednesday
Posted by BK Cooper on September 29th, 2010
With the global economy in uncertain times, a wave of uneasiness among investors has stalled the market on Wednesday. By midday, Dow Jones industrial average (INDU), the S&P 500 (SPX), and the Nasdaq (COMP) were all flat reported by CNN Money. The day started lower but crept into positive territory. Trading is expected to remain [...]
Posted in Featured News, Finance Tags: Business, Dow Jones Industrial Average, Equities, Investing, Nasdaq, S&P 500, Stifel Nicolaus, Stocks and Bonds 9 Comments »