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Only 88,000 Jobs Added to Economy in U.S.
Employers in the United States only added 88,000 jobs during March making it the slowest pace for adding jobs in nine months. The results of the Labor Department’s jobs report suggest a weakening in economic growth as government... More of this article »
Factory Orders Get Biggest Increase in 5 Months
Factory orders in the United States increased in February due to the surge in volatile demand for commercial aircraft. The advance in orders offset the drop in important orders that indicated business investment. The report from the... More of this article »
Fewer Jobs Added to Economy in the U.S. indicates ADP Data
Companies in the U.S. hired fewer workers than had been projected for March due to limited construction hiring according to the private report from ADP based on the country’s payrolls. The increase in jobs was 158,000 making it the... More of this article »
BP Spill Claims Administrator Wants Judge to Dismiss Lawsuit
Court-appointed administrator Patrick Juneau is in charge of the monetary settlement with thousands of individuals and businesses who sued BP regarding the 2010 Gulf of Mexico oil spill. He urged US District Judge Carl Barbier to dismiss... More of this article »
Job Growth Continues in South Florida
Job growth is still on the rise in South Florida despite the lower payrolls in local government that dragged the hiring recovery. According to the February employment report, the recovery has regained steam in the state. Miami-Dade... More of this article »
Energy for Small Businesses in Line for Shake-up
One in four small businesses consisting of less than ten members have reported that their energy supplier has rolled over their contract without their knowledge, according to a survey by the Federation of Small Businesses. MP Caroline... More of this article »
Asset Labels – What You Need to Know
Businesses both large and small will understand the important of keeping tabs on each piece of business equipment. Expensive hardware needs to be tracked appropriately and with the simple application of a durable, easily used label,... More of this article »
UPS Pays $40 Million to Stop Online Pharmacies Investigation
Shipping company UPS agreed to pay $40 million to stop the federal criminal probe with regards to its connection to online pharmacies. This was announced by the US Department of Justice Friday. It added that the company will be taking... More of this article »
Google Expands Offices To Increase Presence In The Cloud (NASDAQ:GOOG)
Google is taking on Microsoft and Amazon for the lead in the cloud computing market. The company has verified that it’s doubling its office space near Seattle and is actively searching for engineers to work on its cloud technology.... More of this article »
Softbank and Sprint Promises Not to Use Huawei after Merge
Sprint Nextel Corp. and Softbank Corp. told Representative Mike Rogers of Michigan that they will not use equipment from Chinese maker Huawei Technologies into Sprint’s network after the two companies merge. The Republican representative... More of this article »
More Than 300,000 Homes in US are Zombie Properties
According to RealtyTrac, a real estate information company based in Irvine, California, 301,874 “zombie” properties are found in the United States. These are foreclosed properties that homeowners have moved out and left a vacant... More of this article »
US Congressional and Business Group to Visit India
A group composed of members of the US Congress and businesses are scheduled to visit India this week. It will include a meeting with Gujarat chief minister Narendra Modi. He has been denied a visa for the United States for his supposed... More of this article »
Blackberry (TOR: RIM.TO) Results Surprise
Blackberry has posed a string of surprises in recent quarters. Less than a year ago, many were predicting their demise, citing their lackluster product lineup, and failure to compete in the consumer space with behemoths like Apple... More of this article »
How to Compare Short Term Loan Offers
If you are trying to decide between two different short-term loans offers it is important to understand certain terminology included in loan agreements in order to determine which one is the best short-term loan option for yourself.... More of this article »
Ford (NYSE: F) Continues Showing Improvement
Ford (NYSE: F) results are coming in, and signs are pointing to improvement in the North American automotive sector. While the firm is facing some headwinds associated with rising costs, improvements in the pricing and market share... More of this article »
Accolades Rolling in for General Motors (NYSE: GM)
General Motors (NYSE: GM) is heading into car show season with an increased focus on muscle – literally. The muscle cars that made GM famous have returned, and preliminary rave reviews have buyers eagerly lining up. Between the Corvette’s... More of this article »
Staffing Issues At Wal-Mart (NYSE: WMT)
While unemployment continues to plague the country in certain areas, it seems that Wal-Mart (NYSE: WMT) faces a different problem altogether – not enough workers. According to Bloomberg research by Renee Dudley, Wal-Mart doesn’t... More of this article »
Economists Estimate Durable Goods Orders Increase in February
A report showed that economists predict orders of durable goods in the United States increased in February by the most in five months. The average forecast for orders for goods that are meant to last at least three years is a 3.9 percent... More of this article »
Citigroup Given Order by Fed over Money Laundering Procedures
Citigroup Inc. the third largest lender in the U.S. must submit its plans to the Federal Reserve showing how it has improved its safeguards against money laundering. U.S. regulators ordered the bank, based in New York, to explain the... More of this article »
S&P 500 Can’t Go Over Record High
Investors look at Standard & Poor’s 500 all-time record high as a significant barrier to stock market advances. For the fifth time in the last two weeks, the S&P 500 came within 5 points of its all-time high. It was either... More of this article »
New Euro Zone Bailout Provision Targets Depositors
This week Europe has signaled that large bank depositors would be shouldering some of the cost of bank bailouts in the future, after savings accounts with balances of more than 100,000 euros became targeted in the rescue package for... More of this article »
Nike (NYSE: NKE) Continues to Just Do It
Despite the challengers, Nike (NYSE: NKE) still remains king of the athletic apparel market. Following the better-than-expected bottom-line results for third quarter fiscal 2013, the shares of global sport equipment and apparel retailer,... More of this article »
Macy’s (NYSE: M) Struggles, But J.C. Penney’s (NYSE: JCP) Fall Overshadows
Macy’s (NYSE: M) struggled during the fourth quarter, but that has largely been overlooked due to the recent volatility of J.C. Penney (NYSE: JCP). J.C. Penney fell nearly 5% at the open this morning before bouncing back somewhat,... More of this article »
Opel Employees Reject Deal, General Motors (NYSE: GM) Europe Facing Unease
The days for the Opel may be numbered. The Opel brand, part of General Motors (NYSE: GM) has been struggling to rebound from the financial crisis, as falling sales have sapped its profitability and caused GM to explore alternative... More of this article »
Apple (NASD: AAPL) Struggles at Home and Abroad
Apple (NASD: AAPL) is heading into dangerous territory – the firm recently regarded as an innovation factory has failed to release remarkably new products in years. Despite the success of the I-Pad and I-Phone, their effect on the... More of this article »
Best Buy (NYSE: BBY) LBO Fails, Chairman Schulze Returns
Best Buy (NYSE: BBY) founder Richard Schulze was shown the door of the company he started less than a year ago, but with a failed leveraged buyout attempt now behind him, he is returning to the firm he built in a newly established... More of this article »
Wal-Mart (NYSE: WMT) Sues Union in Florida
Wal-Mart (NYSE: WMT) is no stranger to controversy, especially when it involved labor unions. Lately though, grocery worker unions have been targeting the store, causing disruptive rallies the retail giant seeks to curtail through... More of this article »
General Motors Revamps Chevrolet Impala And Its Marketing Teams
General Motors has changed the look of the new Chevrolet Impala, which will be shipping to dealerships soon. Chevrolet is the company’s biggest selling brand and the company hopes that the new overhaul will increase the interest... More of this article »
Profit falls at Darden’s but are higher than Analyst Estimates
Profits for the third quarter at Darden’s were down by 18%, as lower sales at Red Lobster hurt earnings. However, the restaurant chain still beat Wall Street estimates. The Orlando, Florida based company said last week that sales... More of this article »
Bausch & Lomb Prepares IPO
Bausch & Lomb, an eye-care company majority-owned by Warburg Pincus, filed documents in preparation for its initial public offering. The company state in its registration filing that Warburg Pincus would still be a majority shareholder... More of this article »
Sporting Goods Giant Nike See Jump in Stock Price
The largest maker of sporting goods in the world, Nike, Inc saw its stock price jump the most in more than 48 months on Friday. The increase was due to investor’s concerns easing over the company profitability and business in China... More of this article »
Hasbro Attempting To Transform Brand For Consistent Profits (NASDAQ:HAS)
John A. Frascotti, global chief marketing officer at Hasbro, stated that there are not a lot of brands in the world that reach the same emotional connection across generations like Transformers do. Hasbro created the Transformers franchise... More of this article »
Coca-Cola to Cut 750 Jobs after Decreasing Distribution Regions
Coca-Cola, the world’s biggest soft drink maker, is going to fire 750 workers in its division in the United States after a decision made in February to decrease its distribution regions from the current seven to three. The cuts will... More of this article »
Starbucks Customers Can Earn Loyalty Points outside Cafes
Starbucks is offering free stuff even if you don’t go to a Starbucks store. The world’s largest coffee chain is now extending its loyalty card program to purchases made in groceries. The move comes in time when the loyalty card... More of this article »Bombardier’s Outperform Rating Reaffirmed at RBC Capital (BBD.B)
Bombardier (TSE: BBD.B)’s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a $5.00 price target on... More of this article »FedEx Rating Reiterated by JPMorgan Chase (FDX)
FedEx (NYSE: FDX)’s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase in a research note issued to investors on Wednesday. The analysts wrote, “FDX’s 3QF13 EPS... More of this article »
Mediaset Upgraded to “Sell” at Goldman Sachs (MDIUY)
Mediaset (NASDAQ: MDIUY) was upgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Wednesday. Mediaset (NASDAQ: MDIUY) traded up 2.93% on Wednesday,... More of this article »
Florida Jobless Rate Drops below US Average
Florida’s unemployment rate in January dropped below the national average for the first time in five years. The January employment report was released by the Florida Department of Economic Opportunity Monday. It stated that the unemployment... More of this article »
Dow Jones Investigated Allegations of Bribery in China
An announcement was made by Dow Jones & Company saying it had investigated the alleged bribery of Chinese officials by employees of the Wall Street Journal over obtaining important information. The U.S. Justice Department requested... More of this article »
Consumers Energy Fires Workers after Review of Gas Explosion in Royal Oak
Consumers Energy fired several utility workers after a safety review connected to the gas explosion that killed a man in Royal Oak. Dan Malczynski died after a gas leak resulted to an explosion and large fire at his home on Cooper... More of this article »
BP Files Appeal against Fake Oil Spill Claims
BP filed an appeal against the fictitious oil spill compensation claims Friday. The company asked a judge to stop the compensation payouts to those made on the basis of business economic loss. BP gave examples of businesses in industries... More of this article »
Jobless Claims Drop for Third Week in a Row
The number of Americans who filed for new claims for jobless benefits fell for a third week in a row last week. This was the latest sign that the labor market was improving. The cost of gasoline went up and resulted to the increase... More of this article »
Icahn Brings Back Activism in Dell Campaign
Shareholder activism is the bailiwick of several exclusive hedge funds and other institutions that are invested in specific positions that includes Bill Ackman, Carl Icahn, Nelson Peltz, and David Einhorn. There is a resurgence of... More of this article »
US Companies Optimistic about ASEAN Region
US firms have taken interest in the ASEAN region as an investment destination. Matt Bradley, president of the American Chamber of Commerce in Thailand, said that the ASEAN Economic Community has brightened the prospects of investing... More of this article »
Identity Thieves Work Hard as Income Tax Returns Filing Deadline Nears
April 15 is the deadline of the filing for 2012 federal income tax returns and it is not just taxpayers and preparers who are trying to beat it. Also working hard are the identity thieves who file fake returns using their victims’... More of this article »
KKR Agrees to Buy Gardner Denver for $3.7 Billion
KKR & Co., a private equity company run by Henry Kravis and George Roberts, agreed to purchase industrial equipment manufacturer Gardner Denver for around $3.7 billion after it increased its offer. KKR will pay $76 per share for... More of this article »
Benchmark Rates Maintained by ECB
The ECB left its interest rates unchanged as it tries to gauge how much of a threat Italy is to the region’s economic recovery. In Frankfurt, policy makers met on Thursday and maintained the benchmark rate of 0.75%, a record low.... More of this article »
Carmakers in Europe to feel the Pinch for Years
Sales of new cars in Europe will remain weak for up to another 60 months at minimum said executives in the industry on Tuesday. The auto executives said due to the implementation of austerity programs in the region car buyers would... More of this article »