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ANZ Survey: August Dipping Job Ads Signal Soaring Unemployment in Months Ahead

Modest Job Gains Expected in Early 2012

The past Black Friday weekend saw record breaking sales figures as consumers are feeling more comfortable to purchase again. Job market outlook for early 2012 could provide another gentle boost to consumer spending, which accounts for as much as 70 percent of all U.S. growth.

GM Chevy Volt Fiasco: Are Electric Cars Safe?

Chevy Volt
At a time when electric cars are beginning to steal the limelight from their gas-eating rivals, a new finding from the National Highway Traffic Safety Administration (NHTSA) over General Motors' (NYSE:GM) electric vehicle, Chevrolet Volt, may likely question the safety of electric cars.
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Nvidia Loses Market Share to AMD in Upgradable GPU Configurations: Analyst

Shares of graphics chip maker Nvidia, Inc. (NASDAQ:NVDA) have outperformed in recent time, following better-than-expected results and guidance, news reports of Graphics Processor Unit (GPU) socket wins in the Macbook and Macbook Pros for 2012 and with still high hopes for Tegra despite lackluster sequential growth in the second half of 2011.
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People wait in line to enter a job fair in New York August 15, 2011.

Jobless Claims Numbers Indicate Positive Trend for Jobseekers Despite More Job Cuts

Latest data on new claims for unemployment sent mixed signals to the market, showing that while the week ended Nov. 19 was the third straight week for initial claims to hold below 400,000, a mark that most economists believe is essential for the economy to add more jobs than it is shedding, application for jobless insurance increased 2,000 to 393,000.
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Optum Likely to Drive UnitedHealth's 2012 Growth: Analyst

Wedbush Securities said UnitedHealth Group Inc. (NYSE: UNH) expects earnings growth in 2012 but flat or declining Commercial and Medicaid earnings; this implies strong Optum and Medicare Advantage growth will drive 2012 earnings growth.
The Bank of Korea, South Korea's central bank, for the second time this year, raised its holdings of gold in November as part of measures to diversify its portfolio of foreign exchange reserves. In a statement on Friday, the Bank of Korea said it purchase

Gold Rebounds Amid U.S., Eurozone Debt Crisis

Gold prices have recouped its losses as the failure of the U.S. congressional committee to reach a deal on reducing the budget deficit and the ongoing eurozone crisis brought back the bargain hunters.
Bank of America

DOJ Debit Card Fee Review Signals Warning for Banks

The U.S. Department of Justice said it is reviewing statements and actions by big banks and their trade associations to see if they have violated antitrust laws through coordinated action to raise consumer debit card fees. But experts say an actual investigation is fairly unlikely.
Netflix

Netflix Shares Hits 52-Week Low as Wheels Come Off Web 3.0 Party Wagon

The collapse in Netflix's valuation is part of a wider wave of grievous losses being felt by shares of companies focused on virtual commerce. After riding a surge of investor enthusiasm to valuation peaks in mid-summer,companies like Netflix and Travelzoo had nowhere to go but down. Short-sellers, chomping at the bit to make bets against the stocks' heady fundamentals, are not exactly helping.
A view of the Hewlett Packard headquarters in Palo Alto

HP Profit View Lowered at Deutsche Bank

Deutsche Bank has lowered its profit estimates of Hewlett-Packard Co. (NYSE:HPQ) saying that profit centers of the company's major businesses are structurally handicapped and turnaround will be long and slow.
UPS driver T.J. Dellasala delivers two packages from Amazon.com in Boston, Massachusetts

UPS Raising Rates in 2012 by at Least 4.9 Percent

United Parcel Service Inc. (NYSE: UPS) plans to increase 2012 rates by 4.9 percent for ground package shipping, air shipping and, U.S.-origin international shipments, the company announced Friday. New pricing takes effect Jan. 2, 2012.

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