U.S. Unemployment Rate Drops to 8.6 Pecent for November 2011
The nation’s unemployment rate fell to 8.6 percent in November as the economy added 120,000 jobs, the U.S. Bureau of Labor Statistics reported today.
MTA Clashes With New York Post Over Apple's Grand Central Store
The Metropolitan Transit Authority called an earlier New York Post story on Apple's new store at Grand Central inaccurate.
Analysis: Cisco set on proving it can succeed in tablet market
Cisco Systems Inc is stepping up its push to sell its Cius tablet computers to corporate customers, defying skeptics who say the product is short of the sex appeal and brand recognition it would need to win over the workforce.
Costly Holiday Season National Railroad Strike Averted, For Now
The nation's major freight railroads averted the possibility of an imminent strike, which could hit the retail industry hard during the holiday season, by reaching tentative agreements with two labor unions and agreeing to extend talks with a third late Thursday, just hours after Republican House leaders said they would move to vote Friday an emergency bill to block a strike.
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Jobless Rate Drops to 8.6 Percent, Hiring Picks Up
Employment growth picked up speed in November and the jobless rate dropped to a 2-1/2 year low of 8.6 percent, further evidence the economic recovery was gaining momentum.
Pre-Market NASDAQ Movers (CLWR, LOGI, SINA, MRVL, LULU, EXEL, RIMM, STX, SHPGY, QGEN)
The top pre-market NASDAQ Stock Market gainers are: Clearwire, Logitech International, Sina, Marvell Technology Group, and Lululemon Athletica. The top pre-market NASDAQ Stock Market losers are: Exelixis, Seagate Technology, Research In Motion, Shire, and Qiagen.
Google to Take on Amazon in Retail Space: Report
Google is considering a move to take on Amazon with Internet-based, one-day shipping retail shopping, according to a report.
Post-Market NASDAQ Movers (MITL, ZUMZ, BMTI, HOGS, PMCS, CLWR, VIAB, ANGI, EBIX, AVEO, AVGO, EQIX)
The top after-market NASDAQ stock market gainers are: Mitel Networks, Zumiez, BioMimetic Therapeutics, Zhongpin, PMC-Sierra, and Clearwire. The top after-market NASDAQ stock market losers are: Viacom, Angie's List, Ebix, AVEO Pharmaceuticals, Avago Technologies, and Equinix.
A Decade After 9/11, Lower Manhattan Undergoing a Renaissance
The original Manhattan is surging back to life ten years after the terror attacks of 9/11, and trends are showing the square-mile tip of the island south of Chambers Street is quickly surpassing its past glory.
Barnes & Noble Shares Fall Sharply on Declining Retail Sales
Shares of Barnes & Noble fell more than 16 percent as the New York-based company posted a $6.6 million loss in the fiscal second quarter due to sagging book sales, resulting in a loss of 17 cents a share.
Retailers Post Mixed November Sales Results, Despite Record Black Friday and Cyber Monday
After record sales and traffic on both Black Friday and Cyber Monday 2011, retailers reported November sales that matched November estimates, as some retailers impressed while others fell behind.
HSBC Raising its Silver Price Forecast for 2012, 2013
HSBC Securities is raising its forecast for the average price of silver in the next two years on strong retail investment demand and a narrowing market surplus.
Massachusetts to Sue Five Major Banks for Foreclosure Practices
Suit targets nation's largest lenders
'Angry Birds' and Wonderful Pistachios Launch New Game
Angry Birds has teamed up once again with Wonderful Pistachios in a brand-new game built with the crackable nuts in mind.
Pepsi Remains the Choice of a New Generation - Stock Review
If you can tolerate moderate-risk, Pepsi is a stock that offers that rare opportunity for a decent dividend with capital appreciation, according to one stock reviewer.
Fashion World Unites to Raise Awareness on World AIDS Day
International fashion retailers and high-end luxury brands across the globe have joined hands to raise awareness and fight the debilitating immune-related condition, HIV/AIDS on the occasion of the World AIDS Day on Dec.1, 2011.
FDI in Retail: Indian Traders Protest Against the Entry of Retail Giants
Tens of thousands of small shopkeepers went on strike across India on Thursday to protest a government decision to allow foreign retail giants like Wal-Mart Stores Inc to enter the country's $450 billion retail market.
Petrol Prices to be Cut by Rs. 0.78 per Litre
State-run oil firms will cut petrol prices by Rs. 0.78 (1.5 cents) a litre, or approximately 1.2 percent, from Thursday, Indian Oil Corp. (IOC) said. This will be the second cut this month, reflecting global prices and potentially easing near double-digit inflation.
Amazon Pushes Lawmakers to Close Online Retailers' Sales Tax Loophole
Amazon has opposed states' efforts to force online retailers to collect sales tax from consumers, arguing that Congress must first give them authorization.
Nothing Says Merry Christmas Like an AK-47 in Santa's Lap
Our customers have been looking for a fun and safe way to express their holiday spirit and passion for firearms. -- Scottsdale Gun Club general manager
November Layoffs Remain Flat From October but 11-Month Toll Surpasses 2010 Year-End Total
U.S. job cuts dropped 13 percent from the same month a year ago. Yet, with still one month remaining in 2011, the 11-month total of 564,297 has already officially surpassed the 497,969 people employers let go in the past year.
California's Labor Market Woes Remain Vast, Deep: Economist
Wells Fargo Securities said there are still many signs that California's labor market remains deeply ill, despite the better job creation performance this year.
U.S. Holiday Sales Will Rise 4.2 Percent: IHS
A November note from the Conference Board placed consumer confidence in the U.S. at a four-month high of 56.0, from a low of 40.9 in July. Most startlingly, however, the Consumer Confidence Index (CCI) soared to its largest month-over-month percentage gain since April, 2009 and its largest single points gain since April, 2003.
Apple's Black Friday Sales Appear Solid: Analyst
Barclays Capital said its checks indicate that sales over Black Friday and Cyber Monday were quite solid for Apple Inc., largely in line with its expectations.
Analysis: Banks' Contribution Overstated, but Retreat Painful
Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutbacks, but a sharp retreat of banking worldwide looks painful for all and needs calibrating.
Marni Creates Juxtaposition of Colors and Prints for H&M (VIDEO)
Following the widely acclaimed and successful collaboration with design house Versace, Swedish retail brand H&M has announced a second similar partnership with Italy-based fashion label Marni.
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