Looks like Sprint will be shedding up to 2500 jobs, which is approximately five percent of their workforce. The cellphone giant is trying to cut nearly $350 million in annual expenses. As of now, Sprint employs more ...
Claims for unemployment benefits fell to their lowest numbers in almost a year. The latest news continues to suggest that the economy is slowly, but surely beginning to show signs of recovery. ... ... Analysts believ...
Paypal is planning on extending its reach into the online payment world. Yesterday, the Ebay owned company held it first ever developer conference in San Francisco. The motivation for the conference is to open the Pa...
... ... It appears that the auto industry is beginning to show signs of recovery, with several companies posting increased sales last month. Toyota, Nissan and Ford all posted gains and GM posted its first gain in n...
The world's most famous investor, Warren Buffett, will be making what he refers to as an economic "all-in wager". Buffett plans to buy the railroad company, Burlington Northern. The investor already owns ju...
Today the only US automaker to not need government assistance, nor need to file for bankruptcy shocked investors after reporting an almost one billion dollar third quarter profit. In addition, the company also predict...
After we were slapped hard on Friday, with stocks taking a massive dive, the market rebounded on Monday (Nov. 2nd). The recovery is being attributed to the latest reports on manufacturing and the latest
The economy is growing and government supported credits for housing and autos are receiving most of the credit. In the third quarter, growth was at 3 1/2 percent, which is the most positive news, about the economy, we...
Gold is still trading at a three week low today, due to rise in the US dollar. Experts say that gold may continue its slide if the dollar continues to rally. ... ... One analyst says, "We believe the precious metals complex is in the midst of ...
KBR has been downgraded by an analyst. The military contractor appears to be seeing a trend in declining profits for the year, as US troops begin leaving Iraq. The stock was down nearly $1.50 today....
As many analysts were expecting, today's release of job data showed that the less jobs were shed in July than Wall Street had anticipated. The news sent stocks soaring on early Friday trading. ... ... The Numbers<...
... Stocks fell on Wednesday after a major rally the previous day. The decline came after unflattering economic news, showing that private unemployment dropped more than 370,000 last month. ...
Ponzi scheme starchild, Bernie Madoff, is in disbelief that his scam was able to go on as long as it did. Recently, Madoff gave his first interview since being sentenced to 150 years in prison. The former Wall Street...
Molson Coors released its second quarter results on Monday. The latest report shows the company has doubled profits. Although, beer sales were down 3.2 percent, Molson Coors increased profits by raising prices and cu...
... Stocks continued their rally on early Monday (August 3rd) morning trading. The Dow Jones is up almost 80 points, up to 9,250, while the S&P jumped nearly ten points to 996. The Nasdaq is up more than twenty ...
News came out today showing that the pace of the declining economy fell at just one percent in the second quarter. The results coincide with many of the latest company reports, showing better than expected results and...
Sony had already predicted another consecutive loss, however, the stock rose after the company posted a less than expected loss due to their focus on cutting costs....
Stocks were up on Thursday due to corporate profit reporting and a decrease in those applying for unemployment benefits. The rise came after the S&P 500 fell for two consecutive days. ... ... Early in today's s...
The Federal Reserve released their findings on Wednesday (July 29th), saying that there were significant strides made in the economic recovery process. The Northeast and Midwest regions seem to be stabilizing at a fas...
The stock market showed slight gains in response to decent earnings and better than expected home sales. The market showed some encouraging signs early in the day, however, by the days end it began to tank, leaving t...
The day (7/24) started with several stocks on the decline, however, Federal Reserve Chairman Ben Bernanke announced that the central bank is already in the process of cutting back on their emergency efforts that were p...
Although credit losses have continued their assault on the banks, Wells Fargo has once again exceeded expectations. Today, the bank announced that it had earned more than three billion dollars, or nearly 60 cents per ...
Federal Reserve Chairman Ben Bernanke eased tensions stating that key interest rates will remain low in the future, until the economy shows more signs that it is getting better. The good news spurred a rally in treasu...
Looks like there will be no continuation of funding for the F-22 Raptor, as the Senate has voted to cut it from the United States defense budget. Lockheed Martin's stock has declined almost ten percent upon hearing th...
Stocks have, for the most part, wiped out yesterday's gains on news that the economy is making a slower than expected recovery. Fed Chairmen Ben Bernanke spoke to congress saying that they would not be making any alte...
