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Oct31
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There's still plenty of uncertainty in the housing market.
Homeowners with adjustable-rate mortgages worry about rising interest rates, but many believe they will be able to refinance their loans if necessary, according to a study released Monday.
Be careful about putting all your eggs in one basket.
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Oct30
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The manufacturing sector takes another hit. Goodyear Tire & Rubber Co. said on Monday that it plans to close a plant in Tyler, Texas, three weeks after workers at the plant and 15 others went on strike in part because...
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Nothing really surprising about the latest numbers. Consumers kept a tight grip on their wallets in September, increasing their spending by only 0.1 percent. Incomes, meanwhile, rose briskly. The income numbers give rise to continued optimism....
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Oct28
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If you have parents or relatives that get Social Security, this is what they can look forward to next year. Social Security checks for nearly 49 million Americans are going up by 3.3 percent next year, which will mean an...
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Oct27
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It looks like in spite of some economic concerns, spirits will be bright this holiday season. Bolstered by falling gasoline prices, consumers headed back to the malls to shop in September. And with confidence rebounding sharply this month, strong sales...
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Oct26
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This story will put lots of smiles on lots of faces...as long as you don't work in Bentonville, Arkansas. A Pennsylvania jury said on Friday that Wal-Mart Stores Inc., the world’s largest retailer, must pay $78.47 million in damages to current and...
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Oct24
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Another industry affected by hurricanes. Orange juice prices, already at historic highs, are expected to climb further as production in Florida’s hurricane-ravaged groves bottoms out. This article details some good lessons regarding economics...
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Oct23
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News like this is always kind of sad, but that's the way the cookie crumbles. The news that Tower Records is going the way of, well, records struck a dissonant note with customers as the news sunk in this week...
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Oct20
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This is good news for GE. General Electric Co. said Friday its third-quarter profit rose 6 percent as the industrial products, financial services and media conglomerate reported strong orders across the company. Not only is this just generally good news,...
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Oct19
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Companies continue to bend to meet market demands. When Caribou Coffee went public last year, sharp-eyed investors noticed some unusual promises in its prospectus. Caribou, the nation’s second-largest coffeehouse chain, said it would never sell pork or porn. It wouldn’t charge...
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Oct18
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I'm not really sure of what the influencers are for this, but I don't think that most consumers really care. Consumers are suddenly getting a break on the cost of generic drugs as discount retailers and some prescription benefit managers...
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Oct17
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And the big just keep on getting bigger. The Federal Communications Commission is putting off for a day its consideration of AT&T Inc.’s proposed takeover of BellSouth Corp., a mega-merger that some government officials want to examine more closely. It...
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Oct16
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This is not good news for anyone, really. Less than a week after the Food and Drug Administration lifted its warning on fresh spinach grown in California’s Salinas Valley, a popular brand of lettuce grown there has been recalled over...
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Oct15
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Another upstart technology company is swallowed up. YouTube is swiftly adopting Google's informal corporate motto on not doing evil. Google has a lot riding on it—$1.65 billion in stock, to be exact. That's how much the Web search giant is...
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Oct14
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Here's some good news for what some call the "anti Wal-Mart". Costco Wholesale's (COST)'s share price surged Oct. 12 after the warehouse operator reported stronger quarterly earnings, with help from factors such as improved sales and margins. As we all...
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Oct13
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Ronald McDonald is looking even more gleeful these days. McDonald's (MCD) topped market expectations Oct. 12 with a forecast that its third quarter earnings will be 17% higher, boosted by a robust performance of its new breakfast foods and stronger...
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The signals may be mixed, but they still seem to generally resonate positively. According to BusinessWeek: September inflation reports should take center stage next week. Minutes of the Sept. 20 monetary policy meeting showed that the Fed expects inflation to...
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Oct12
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This can't be good news. Not really, anyway. A final, $445 million settlement between HealthSouth Corp. and investors was announced Wednesday to end class-action lawsuits stemming from a huge fraud at the health services company. Gee, I wonder who's going to...
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Oct11
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More corporate monkey-business. Antivirus and security software provider McAfee Inc. on Wednesday said it fired President Kevin Weiss, and announced that CEO and Chairman George Samenuk will retire after a stock options investigation found accounting problems that will require financial...
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Oct10
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Not to pick on just one company, but never assume what's on a package is the whole story. Next time you're in the supermarket, stop and take a look at Stonyfield Farm yogurt. With its contented cow and green fields,...
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This may not come as a shock to anyone, but there are some interesting elements to this story. Homeowners in every state but one spent more of their incomes on housing costs last year than at the start of the...
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Oct 9
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In a tussle over which is more important - national security or free-market competiveness - it looks like security issues win out. The Federal Trade Commission said Tuesday it has approved the joint venture between defense contractors Lockheed Martin Corp....
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Oct 8
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This is an interesting ruling. Nurses permanently assigned to run work shifts should be considered supervisors and thus exempt from U.S. labor protections, a federal panel held Tuesday in a decision that potentially has major implications for workers in other...
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Oct 7
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It looks like US consumers kept their hands in their pockets a little more than the speculators expected. Battered consumers, faced with weak income growth and rising inflation, trimmed their spending in August by the largest amount in nearly a...
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Oct 6
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The US economy looks like it might be getting out of the fast lane. The latest manufacturing sector numbers are in. The nation’s manufacturing sector expanded at the slowest pace in over a year in September amid weaker U.S. auto...
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Oct 5
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This is a fascinating look at the numbers. But it's more illustrative than you might think. The number of job cuts announced by U.S. corporations in September were up 54 percent from the number reported in the prior month for...
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Oct 4
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This is good news for building contractors. Bad news for the speculators! Spending on construction projects unexpectedly edged up in August as the best gain in nonresidential activity in 11 months offset another big decline in home building. It looks like...
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Oct 3
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Let's hope these are isolated bad incidents, not systemic ones. The U.S. Equal Employment Opportunity Commission announced Monday that it has filed employment discrimination suits against the Atlanta Bread Co. restaurant chain, BJ’s Wholesale Club Inc. and auto parts retailer...
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Oct 2
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If you're an analyst or a stockholder, this looks like good news. A warning to procrastinators: Better shop early if you want the must-have holiday gifts. Of course, if you're a parent, this is not good news. Especially if you...
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