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Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross...
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The Labor Department has released some mixed data on weekly jobless claims. The figures show a level of 631,000. This sounds better on the surface as Bloomberg had estimates pegged at 645,000,...
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Reuters: Congress passed a bill to put restrictions on credit card companies. Reuters: The Fed mulled increasing securities during its April meeting. Reuters: Geithner said the US was...
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Reuters: Small businesses are having trouble finding financing. Reuters: VW has stopped tie-up talks with Porsche. Reuters: The US budget chief says there are signs the economic free fall...
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Reuters SEC employees are under investigation for insider trading Reuters Treasury has approved several insurance companies for receiving TARP funds Reuters GM (GM) is close to a deal...
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The Labor Department has released its weekly jobless claims. It seems that the contraction in weekly claims is not running in a straight line. This week’s report came in at 637,000 from a...
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The Labor Department has posted the unemployment rate and nonfarm payrolls data from April. The official government unemployment rate was 8.9%, up from 8.5% in March. The change in nonfarm...
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There has been a steady trend in economic data, and that trend is a steady wave of “less-bad” data. We are even starting to see hints of that in the the employment numbers. It may be a bit...
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ADP is out with its controversial jobs number this morning ahead of this week’s unemployment report. ADP said that there was “only” a -491,000 drop of jobs in the US private sector. The...
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The change in weekly jobless claims came in at 631,000 for this last week. That is a drop of 14,000, but that also comes after a revision of the week before to 645,000 rather than the preliminary...
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Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting painful restructuring plans. The UAW and managements at the two companies have given up a great...
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According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler out of...
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Vestas Wind Systems A/S is a company that many U.S.-based green and renewable energy investors may either not know at all or only know by name. But the Danish company is essentially the leader in...
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According to Reuters, world health officials are fighting to contain the new flu. Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money....
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The Labor Department has released its figures on weekly jobless claims, and the results are a gain of 27,000 to 640,000. The numbers from last week’s huge drop went from 610,000 to a revised...
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