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July 2009 - Posts
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(SmarTrend(R) News Watch via COMTEX) -- The House of Representatives voted to place restrictions on Wall Street executives' compensation following the release of news that nine banks, each of which had taken U.S.... Read More...
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One of the UFC's original stars, and early icons of mixed martial arts, Tito Ortiz , is coming home.... Read More...
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Stepping into a controversy over the city's business tax, Mayor Antonio Villaraigosa called Tuesday for a procedural change that would prevent companies from being reclassified into higher tax brackets.... Read More...
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We may still hear of layoffs and employers taking forever to make hiring decisions. But, could there be a minuscule glimmer of hope on the job market front? Yes, applications for first-time unemployment benefits went up nationally by 25,000 to 584,000 Read More...
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It seems that the almost-spent Cash for Clunkers program is likely to get a huge infusion of government funds.... Read More...
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WASHINGTON - The U.S. economy shrank at an annualized pace of 1 percent from April to June, the government reported Friday, in a clear sign that the longest postwar recession may be drawing to a close.... Read More...
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Raising concerns that a new wave of real estate foreclosures is building, an industry survey released yesterday shows that the mortgage delinquency rate among commercial properties in California has more than doubled in the past three months.... Read More...
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In the latest set of post-bankruptcy management changes, General Motors Co . promoted new engineering, manufacturing and product planning leaders from within.... Read More...
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Puerto Rican actor Benicio del Toro, best known for his Oscar-winning performance in "Traffic" and his portrayal of Ernesto "Che" Guevara in a critically acclaimed biopic, has been honored here for his body of work.... Read More...
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There's no reason anyone should have a hard time getting to and around Musikfest 2009 this year, even with this significant change: Festival-goers can no longer park in the Giant lot at the Lehigh Shopping Center on Union Boulevard, Bethlehem.... Read More...
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AUBURN HILLS, Mich. (UPI ) -- Chrysler workers are facing an ethical dilemma with an offer from Michigan to file for unemployment that union officials say is prohibited in their contract.... Read More...
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WASHINGTON (UPI) -- Democrats and Republicans in Congress are pushing to extend tax credits and other benefits passed in the U.S. economic stimulus package , aides said. Among the favored benefits are extensions of unemployment and health benefits and Read More...
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The global recession continues to wreak havoc on Sony's earnings. On July 30, Sony (SNE) said it posted a $271 million operating loss for the April-June quarter, down from a $772 million profit in the same quarter a year ago, and that revenues dropped Read More...
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The Cash for Clunkers program that allows motorists to turn in gas guzzlers in return for up to $4,500 credit on the purchase of a new, more fuel-efficient car might be running on empty.... Read More...
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A U.S. Justice Department attorney said that Swiss Bank UBS (NYSE:UBS) and the U.S. government have reached an agreement "in principle on the major issues" in its IRS tax evasion case, according to the Wall Street Journal. A meeting with the judge is Read More...
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The U.S. foreclosure crisis is spreading, and areas that previously appeared immune are now seeing the numbers rise, according to a report yesterday from RealtyTrac Inc ., of Irvine, Calif., which tracks filings nationwide.... Read More...
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Back in 1993, when freshly elected President Bill Clinton proposed a universal healthcare plan, the healthcare industry spent millions to lobby and advertise against it. Eventually, that helped kill the plan.... Read More...
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The U.S. representative leading conservative Democrats' challenge to healthcare reform was feted at several health industry gatherings, records indicate. Rep. Mike Ross, D-Ark., is the point man for the fiscally conservative Blue Dog Democrats who object Read More...
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A U.S. House panel gave a nod to a public healthcare insurance option, voting to defeat a Republican effort to strip the bill of a government-run plan. By a 35-24 vote Thursday, and amid Republican criticism, Democrats on the House Energy and Commerce Read More...
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The United States economy shrank at a 1 per cent annual rate in the second quarter of 2009, according to a preliminary estimate Friday by the US Commerce Department. The figure was better than economists expected and signals that the longest US recession Read More...
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London (dpa) - British Airways (BA) continued its slide into the red with pre-tax losses of 148 million pounds (245 million dollars) in the first quarter of its current financial year, the company said Friday.... Read More...
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(SmarTrend(R) News Watch via COMTEX) -- Microsoft (NASDAQ:MSFT) CEO Steve Ballmer said Thursday that he is surprised at how investors have reacted to his company's newly forged deal with Yahoo (NASDAQ:YHOO), according to a Bloomberg report.... Read More...
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Several banks that received US government assistance paid out billions of dollars in bonuses of 1 million dollar or more per employee, according to a report released Thursday by the New York Attorney General Andrew Cuomo.... Read More...
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Analyst Downgrades for 7/31/2009... Andersons (NASDAQ:ANDE) downgraded to Equal Weight at Stephens... Ariad Pharmaceuticals (NASDAQ:ARIA) downgraded to Sell at Merriman Curhan Ford... Bankrate (NASDAQ:RATE) downgraded to Hold at Jefferies...... Read More...
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AutoNation (NYSE:AN) reported Q2 EPS of 29 cents, ex-items, topping consensus estimates of 24 cents. Revenues in the quarter sank 28.6% year-over-year to $2.61 billion, and came in short of consensus estimates of $2.80 billion.... Read More...
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The Walt Disney Company (NYSE:DIS) reported Q3 EPS of $0.52, ex-items, beating consensus analyst estimates of $0.51. Revenues for the quarter fell 7% year-over year to $8.6 billion, falling short of consensus analyst estimates of $8.83 billion.... Read More...
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Southwest Airlines Co. (NYSE:LUV) is trying to outbid a rival in the acquisition of Frontier Airlines. Denver-based Frontier is operating currently under bankruptcy protection. Republic Airways, a parent company of Frontier, has already agreed to and Read More...
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Monster Worldwide, Inc. (NYSE:MWW) reported fiscal Q2 EPS of 3 cents, ex-items, ahead of the consensus estimates of 1 cent per share. Revenues for the quarter fell 37% to $223 million, falling short of the consensus estimates of $225 million.... Read More...
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The United States economy contracted at a 1- per-cent annual rate in the second quarter of 2009, according to a preliminary estimate Friday by the US Bureau of Economic Analysis. ... Read More...
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