May, 2009
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How Do You Spot Vintage Whiskey? It Has Fewer Radioactive Particles - May 04, 2009 07:00 PM
The level of radioactive carbon in whiskeys made after 1950 is higher due to nuclear bomb testing, making it easy to identify new whiskey posing as century-old vintage.
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Home Sales, Construction and Estee Lauder Get Their Financial Houses in Order - May 04, 2009 06:30 PM
The number of existing home sales went up in March, construction spending is improving and Estee Lauder’s recent quarterly report shows hope for luxury beauty products.
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Increase in Another Consumer Confidence Index; Manufacturing Activity up; Repair Shops Doing Well - May 01, 2009 07:00 PM
Among May’s first upbeat business stories: the Reuters/University of Michigan Consumer Confidence Index and the Institute for Supply Management’s manufacturing index both see growth; repair shops benefit from tightened budgets.
April, 2009
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Consumer Spending Up; Dow Chemical, Procter & Gamble Beat Q1 Projections; China Stimulus Package Bolsters American Businesses - April 30, 2009 07:00 PM
The month of April closes out with promising U.S. consumer spending figures, better-than-expected performance from Procter & Gamble and Dow Chemical and hope for the global economy, courtesy of China’s stimulus package.
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Qwest, General Dynamics and DreamWorks All Have Strong First Quarter - April 29, 2009 07:00 PM
April 29’s upbeat news from the financial world: Q1 numbers for telecom Qwest, defense contractor General Dynamics and film studio DreamWorks are looking positive.
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US Supreme Court and Census Bureau Scrutinize Racial Gaps in Loans, Jobs - April 29, 2009 06:00 PM
U.S. Census data released Monday and two cases before the Supreme Court focus on perceived racial disparities in issuing high-interest loans, workers’ salaries and hiring decisions.
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In Troubled Economy, Law Firms Send New Recruits Into Public Service - April 29, 2009 08:00 AM
While many law firms are delaying new employees' start dates until the demand for their services increases, they are also offering them alternatives.
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Ex-Con Helps Convicted Execs Navigate Prison Life - April 29, 2009 06:40 AM
Former private eye and paroled ex-con Larry Levine has made a business out of explaining the nuances of prison society to potential white-collar inmates.
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Pfizer, Under Armour Beat Q1 Analyst Earnings Estimates; Another Confidence Index Is on the Rise - April 28, 2009 07:30 PM
Pharmaceutical company Pfizer and clothing label Under Armour outperformed Wall Street projections during the first three months of 2009. Meanwhile, the latest Conference Board confidence index shows the highest monthly jump in four years.
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What's Killing the Stick Shift? - April 28, 2009 10:30 AM
Twenty years ago, half of male car buyers wanted a stick shift; these days, manual transmission cars make up only about 7 percent of new car sales, but why?
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Impact of Swine Flu on Travel Should Be Less Than SARS, Verizon Q1 Numbers Beat Estimates; India Still Good Investment - April 27, 2009 07:00 PM
Bright spots in business April 27, 2009: An industry analyst says swine flu is not the next SARS, Verizon is the latest communications company to beat earnings projections and a private equity investor feels confident about investing in India’s emerging market economy.
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Examining the Role of Finance in Suicides - April 27, 2009 07:00 AM
While the worldwide recession seems to be driving some to suicide, India has long grappled with the problem of desperate farmers killing themselves.
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Cats and Dogs Get First-Class Treatment With Airline Just for Pets - April 26, 2009 08:00 AM
Pet Airways, an airline just for pets that allows them to travel in the cabin of the plane, will begin service in five cities this July.
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Hotel Bans Entire New Zealand Town for Bad Behavior - April 25, 2009 07:00 AM
Despite the recession, a New Zealand town has been banned from a hotel, calling to mind various odd and extreme hotel banning measures in recent years.
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Chin Up in the Downswing: Ford Losses Not as Bad as Expected; Amazon, Microsoft and Netflix Show the Resilience of Tech and Online Companies - April 24, 2009 07:00 PM
Business news to feel good about this Friday: Ford is poised on the road to recovery. Meanwhile, Amazon and Microsoft post encouraging earnings and Netflix smashes analyst estimates.
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Faltering Economy Means a New Reality for Law Students - April 24, 2009 06:30 PM
Traditionally, law school graduates have jobs lined up before they’ve even passed the bar exam, but many now face unemployment. Business and nursing school students also face a weak job market.
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Can Parental Consent Curb Credit Card Debt? - April 24, 2009 08:00 AM
A new bill would require anyone under 21 to have parental consent before obtaining a credit card, the latest indication of the government's crackdown on potentially manipulative banking policies.
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Chin Up in the Downswing: Technology and Box Companies Pack Up the Profits - April 23, 2009 07:00 PM
Positive business news for April 23, 2009: Radio Shack and Apple post significant year-on-year Q1 profits and Packaging Corp. of America beat earnings estimates.
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Geithner Says US Can Handle Economic Crisis; Investor Confidence and Wells Fargo Profits Are Up - April 22, 2009 07:00 PM
U.S. Treasury Secretary Tim Geithner says the economy is showing “some signs of stabilization”; institutional investors’ confidence is at a nine-month high and Wells Fargo announced a 53 percent increase in profits during Q1 2009.
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Reports Suggest David Kellermann Is Latest High Profile CEO to Commit Suicide - April 22, 2009 06:30 PM
Kellermann, Freddie Mac acting CEO, was found dead in his home Wednesday morning. His death, still under investigation, is a suspected suicide.
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Video Games Replace Banks, Gyms, Health Care and Job Training—What’s Next? - April 22, 2009 05:00 PM
Hilton Garden Inn and the military join the many organizations that use video games for training; with many virtual experiences replacing real world interaction, has it gone too far?
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Q1 2009 Numbers Look Good; Some Hope for Housing Sector; British Business Group Sees End to UK Recession - April 21, 2009 06:45 PM
Upbeat news from the business world on April 21: Q1 numbers are on track to beat analyst projections; gypsum wallboard maker USG shows signs of rebound, suggesting recovery in the construction sector; a British business group says the UK economy has bottomed out.
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Soothsayer Korean Financial Blogger Acquitted - April 21, 2009 02:24 PM
Blogger Park Dae-sung was found not guilty on false information charges which came from his authoritative predictions about the national and global economy.
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Bank of America, Medical Stocks Show Strength - April 20, 2009 06:45 PM
Encouraging business and financial news of April 20, 2009: Bank of America and pharmaceutical company Eli Lilly and Co. both posted growth in first-quarter net income. Meanwhile, heart-valve manufacturer ATS Medical is looking increasingly healthy.
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Can the Saturn Be Saved? - April 20, 2009 06:40 AM
Private equity firm Black Oak Partners has made a public bid to take over Saturn, the GM subsidiary established in the 1980s as the auto maker ideal.
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Citigroup and GE Q1 Reports Beat Analyst Estimates; Another Index Reports Increase in Consumer Confidence - April 17, 2009 07:00 PM
Feel-good business and financial news of April 17, 2009: Citigroup and GE’s first-quarter reports surpass projections; the Reuters/University of Michigan preliminary consumer sentiment index shows shoppers are feeling better about the economy.
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Record Store Day: Futile Cause or Worthwhile Celebration? - April 17, 2009 08:00 AM
On April 18, independent record stores will hold an event aimed at promoting the experience of buying albums from knowledgeable staff. But some say it may be too late.
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Domino’s Is Hurt, Then Helped, by the Internet - April 16, 2009 06:30 PM
A YouTube video showing Domino’s employees recreating consumers’ greatest fears about fast food has turned into a PR nightmare for the 50-year-old chain, emphasizing the risks—and benefits—that the Web poses to companies.
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JPMorgan Chase, Regions Bank Enjoy Bump From Q1 Numbers; America Goes Back to the Movies - April 16, 2009 05:30 PM
Among today’s positive news from the business and financial world: JPMorgan Chase posts Q1 revenues of nearly 48 percent; Regions Financial expects Q1 profits and the movie theater segment is poised for continued strong performance.
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JPMorgan Chase Profile Upped by Strong First-Quarter Results, Shareholder Letter - April 16, 2009 02:00 PM
JPMorgan Chase reported better-than-expected results for first-quarter 2009 on the back of insulating itself against toxic debt, a business practice highlighted in CEO Jamie Dimon's feted shareholder letter.