Health Care Reform To Hit Low-Paid, Part-Time Workers Hardest - Study
Employers in the restaurant and retail industries -- those with a large number of hourly wage workers who traditionally had minimal or no health insurance -- are more likely than other companies to drop their health plans or cut worker's hours in order to maintain their already slim profit margins.
US Initial Jobless Claims Unexpectedly Fall To 361,000
The number of Americans lining up for new jobless benefits fell unexpectedly last week, the Labor Department said Thursday, suggesting that the battered labor market is healing.
US Productivity Rises 1.6% In 2Q
The productivity of U.S. workers rose 1.6 percent in the second quarter, the Labor Department reported Wednesday, as output of goods and services rose much faster than the amount of time employees worked. Economists polled by Bloomberg expected productivity to climb by 1.4 percent.
Here’s What Fed May Do Instead Of QE3
The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.
Caterpillar (And Rivals) Feel Squeeze From China Slowdown
There have been few better ways to track the pessimism surrounding the China slowdown story than the declining value of shares of Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment.
China July Data Preview: Modest Recovery Calls For Further Easing
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
Best Buy Rating Cut To ‘Junk’ By S&P On Potential Take-Private Deal
Standard & Poor's Ratings Services said Monday afternoon that it lowered its corporate credit rating and other ratings on Best Buy Co., Inc. (NYSE: BBY) from "BBB-" to "BB+," or junk status.
Best Buy Founder Richard Schulze Offers $24-$26 A Share To Buy Retailer
Best Buy Co., Inc. (NYSE: BBY) founder Richard Schulze, who stepped down as chairman this year, offered to take the troubled electronics retailer private at $24 to $26 a share?
Treasury To Sell $4.5 Billion In AIG Stock, Taxpayers Will Still Own A Majority Stake
The U.S. Treasury Department on Friday said it plans to sell $4.5 billion in American International Group Inc. (NYSE: AIG) shares, further cutting its ownership stake in the bailed-out insurer.
US International Trade, China July Data Dump: Economic Events For Aug. 6-10
Next week will be a reasonably quiet one for both the U.S. and the euro zone, but China will be dumping a whole bunch of macro data for July .
7 Reasons Why July’s US Jobs Report Is Not As Good As It Seems
A first glance, Friday's better-than-expected U.S. jobs report might have offered a glimmer of hope after four straight months of dismal jobs numbers. But devil is in the details.
Walt Disney, News Corp., JCPenney, NVIDIA: Earnings Reports To Watch, Aug. 6-10
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
US Initial Jobless Claims Rise To 365,000
The number of Americans lining up for new jobless benefits last week rose less than expected, the Labor Department said Thursday, partly reflecting the volatility of applications during the annual auto-plant retooling period.
Where Have All The "Good" Jobs Gone?
Looking for a job with higher pay and superior benefits? Well, unfortunately, those are becoming "endangered species."
Fed Officials Stand Pat But Ready To Act If Needed
The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.
MF Global Clients May Recover All Their Money
MF Global Holdings Ltd (PINK: MFGLQ)'s brokerage customers will be able to get all their money back.
July Private-Sector Added 163,000 Jobs: ADP
The U.S. private sector added more jobs than forecast in July, ADP reported on Wednesday, giving the market some relief after three sluggish months as it awaits Friday's government employment report.
US Unemployment Rate Likely Stuck At 8.2% in July, With Tepid Job Gains
The jobless rate in the U.S. has stubbornly remained above 8 percent for more than three years, and the labor market likely saw little improvement in July, economists say in anticipation of the July nonfarm payrolls report due Friday.
Happy 100th Birthday To Milton Friedman: A Century Of Freedom And Free Market
If Milton Friedman were alive today, he would be 100 years old. The Nobel-prize winning economist has transformed the way many people think about the government and economic policy.
Deutsche Bank To Cut 1,900 Jobs As Q2 Profits Fall
Germany's biggest bank Deutsche Bank AG (NYSE: DB) is laying off 1,900 people, most of them outside Germany, in an effort to save ?3 billion ($3.68 billion) as part of a broader strategic overhaul.
China: The Land Of Opportunity For Mobile Gaming
China's economy may be slowing down, but the country hasn't lost its luster.
FOMC, July Nonfarm Payrolls, Auto And Same-Store Sales: Economic Events For July 30 – Aug. 3
The week is chock-full with data releases that will confirm if the summer malaise continued in July. As always, Friday's employment report will carry the most weight. Another highlight of this week is the much anticipated Federal Open Market Committee meeting on Tuesday and Wednesday.
These Signs Say The US Labor Market Is Healing
While all the headlines in recent months have been devoted to highlighting the "sluggishness" of job creation, the U.S. labor market is actually actively stitching together its wounds.
AIG, GM, LinkedIn: Earnings Reports To Watch, July 30 – Aug. 3
The second-quarter earnings season is in full swing and investors will hear next week from several more major players, including AIG, Kellogg, Procter & Gamble, Kraft Foods, Pfizer, Mastercard and General Motors.
US Shale Gas Boom Won’t Boost GDP Growth, Job Gains
The U.S. shale gas boom will not lead to a near-term surge in U.S. gross domestic product growth or to a substantial decline in the unemployment rate, according to HSBC Chief U.S. Economist Kevin Logan.
Exxon Mobil Corporation Profit Up 49% On One-Time Gains, Shares Slip
Exxon Mobil Corporation (NYSE: XOM), the world's largest publicly traded oil company, said Thursday its second-quarter profit rose 49 percent, helped by a gain related to divestments and tax items.
Here’s Why Investors Are Punishing Companies That Beat Earnings Estimates
The short answer: Many companies lie about their earnings results.
Caterpillar Inc. (CAT) Q2 Profit Rises, Lifts 2012 Forecast
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 67 percent jump in its second-quarter profit that topped analysts' estimates and boosted its full-year outlook as demand increased from North American builders and overseas miners.
Netflix Q2 Results Beat Estimates, Olympics To Cause A Loss in Q3
Shares of Netflix Inc. (NASDAQ:NFLX) plunged 14.5 percent, to $68.73, in Tuesday's after-hours trading even as it reported better-than-expected earnings.
Investors Demand Strong Outlook, Guidance; Earnings 'Beats' Aren't Enough
U.S. companies have been finding it much easier to deliver earnings beats, or profits that are higher than expected, as analysts on Wall Street continue to trim their forecasts for earnings growth. However, they might have also come to realize that beating earnings expectations alone is not enough to help their stock prices.
