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As if the ongoing jobs data was set to get any better after yesterday’s FOMC Minutes calling for 9% unemployment by the end of the year, we just got another fresh round of weekly jobless claims...
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All told, the $789 billion economic stimulus bill contains about $50 billion for renewable energy projects, electric utilities, and other green companies. It’s possible to look at this sum in at...
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The weekly jobless claims data has surpassed the dreaded 600,000 mark. The last week’s unemployment lines were down 8,000 to 623,000. We had weekly jobless claims numbers expected as 610,000...
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Wal-Mart Stores Inc. (NYSE: WMT) was supposed to be a winner in the economic slide as the “trade down” shopping destination. It goes without saying that Wal-Mart has more than a few critics. ...
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Intel Corporation (NASDAQ: INTC) is making a huge gamble on high- paying jobs and manufacturing. It isn’t cuts. Intel plans expansions for the inevitable recovery ahead. $7 billion worth.
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General Motors Corp. (NYSE: GM) is doing almost whatever it can to get aggressive in cost cuts and streamlined operations ahead of its first post-bailout review next week. Some of the cuts were...
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GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and supplier...
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The dreaded and feared employment data is out, and it isn’t pretty. Unemployment came in at 7.6% and the change in non-farm payrolls was -598,000. Dow Jones had estimates at 7.5% unemployment and...
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We just found out the new numbers for the weekly bread lines at the US Labor Department for the week ended January 31. Initial jobless claims have now total 626,000. This is a gain of 35,000 from...
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Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over...
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ADP released its own "pre-unemployment number" again for January, and the jobs lost aren’t expected to be pretty. The payroll company estimates that the US private sector lost some 522,000 jobs...
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After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be...
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More and more companies are either suspending or killing their share repurchases and stock buyback plans. Some are doing it to conserve cash in a much harder operating environment. But many...
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If you were hoping for more lighthearted or feel good numbers on the economic front, you might have to look elsewhere this morning. The weekly jobless claims data were awful again,and durable goods...
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That Baker Hughes Inc. (NYSE:BHI) this morning reported better-than-expected results for its fourth quarter shouldn’t really be a surprise. When Halliburton Company (NYSE:HAL) and Weatherford...
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