May, 2009
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Media Sector Has Its Bright Spots - May 13, 2009 07:00 PM
Print media is certainly struggling to find its way at the moment. Yet despite the industry’s troubles, investors see promise within the segment.
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Delaware to Legalize Form of Sports Betting - May 13, 2009 05:00 PM
Delaware will soon become the only state east of the Mississippi to offer sports betting after the state Senate passed a bill Tuesday to legalize a sports betting lottery.
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(Silicon) Chips up for Tech and Telecommunications Sectors - May 11, 2009 07:00 PM
Tech and telecoms stocks continue to show recessionary steadfastness, with the latest good news coming from Virgin Mobile and Dish Network. Plus, Microsoft is launching its first-ever bond offering on the back of its top credit rating.
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Recession Forces Later-Life Career Changes - May 11, 2009 08:00 AM
After being laid off from his factory job, 65-year-old Dorie Clark has started training as a police officer. He is one of many older Americans who must take on a new career to pay the bills.
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Lehman Brothers’ Demise Hurts Public Entities, University Endowments - May 11, 2009 07:30 AM
Nearly eight months after the bankruptcy of long-time investment bank Lehman Brothers, its legacy is emerging in budget crunches across America.
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April Economic Numbers Looking Better; Stabilization Equals Optimism - May 08, 2009 07:00 PM
Positive financial news to close out the week: the latest Labor Department data shows fewer first-time applicants for unemployment, retailers posted better-than-expected results for April and more economists are joining the optimism bandwagon.
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Econ Wonks and Top Financiers Agree: Economy is Improving - May 06, 2009 07:00 PM
Federal Reserve Chief Ben Bernanke; Janet Yellen, the head of the San Francisco Fed, and several chief executives—including new media darling JPMorgan Chase CEO Jamie Dimon—agree: the economy is on track to recovery.
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Bid to Legalize Sports Betting in Delaware Defeated in State Legislature - May 06, 2009 06:15 PM
A proposal to legalize sports wagering in Delaware, which would have likely had a widespread effect on the U.S. gambling industry, was narrowly defeated in the state House of Representatives Tuesday.
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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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Things You Can't Live Without During the Recession: Readers’ Choice Edition - May 04, 2009 04:00 PM
Soon after we published a feature with advice on what items to keep buying despite the recession, we got hit with a wave of additional suggestions from our readers. We stand by our assertion that health insurance is something nobody should sacrifice, but we loved your contributions. Here’s what you said.
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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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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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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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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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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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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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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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Thrifty Social Worker Wills $1.3 Million to Charity - April 16, 2009 06:00 PM
A loyal school social worker who spent decades in service quietly amassed a personal fortune that has offered many a lesson in frugality and charity.
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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.
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On Both Sides of the Atlantic, Increased Confidence in Home Building, Home Buying and Lending Between Banks - April 15, 2009 06:00 PM
Positive financial and business headlines today include an uptick in U.S. homebuilders’ and U.K. surveyors’ numbers; there’s also cheaper money to be lent between banks, which means more consumer access to funds.
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Underground Economy Leaves Tax Collectors Empty Handed - April 15, 2009 03:00 PM
The gray, or underground, economy is flourishing amid the recession as underemployed workers seek one-off jobs free of taxes.
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Bernanke and Obama See Signs of Reviving Economy, Cancer Vaccine Developers’ Stock is Up - April 14, 2009 05:15 PM
In separate speeches, President Obama and Federal Reserve Chief Ben Bernanke point to indications of economic turnaround; good news about Dendreon’s cancer vaccine helped to pull up other pharmaceutical stocks.
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Google Supports User Privacy, Disables Comments and Uploads for YouTube Korea - April 14, 2009 03:00 PM
In order to avoid disclosure of uploaders' identities, Google has opted to disable user contributions on its Korean video-sharing portal.