From the Association of American Railroads: Rail Time Indicators . The AAR reports traffic in August 2010 was up 5.7% compared to August 2009 - and traffic was 11.6% lower than in August 2008
The labor stoppage, commonly known as the strike, is a natural result of tension between labor and management. Management has always wanted work for as little compensation as possible. Labor has always wanted compensation for what it considers a fair day’s work. The gulf between the two has often caused violence and assassination
A few more comments: Decennial Census layoffs came in close to my estimate (-114,000 actual vs. estimate of -116,000) The seasonally adjusted (SA) teen participation rate increased from 34.6% to 35.2%. This was because so few teens looked for jobs this summer.
Perhaps the biggest news of the week was that J.P.Morgan Chase & Co.
There is a rather interesting IPO filing this morning from Bruker Energy & Supercon Technologies, Inc. in an effort to come public. Bruker Corporation (NASDAQ: BRKR) is the controlling shareholder and is going to be offering shares along with the company. For filing purposes, the size of the IPO is up to $100 million.
Earlier employment posts: August Employment Report: 60K Jobs ex-Census, 9.6% Unemployment Rate Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks The August ISM Non-manufacturing index was at 51.5%, down from 54.3% in July - and below expectations of 53.0%. The employment index showed contraction in August at 48.2%.
Brazil’s Petroleo Brasileiro (NYSE: PBR), better known as Petrobras, has reached an agreement with the Brazilian government to pay $42.5 billion for the rights to produce 5 billion barrels of oil from government-owned fields offshore off Brazil. The nominal cost to Petrobras is $8.51/barrel; however, the company will not be required to pay the special [[ This is a content summary only
After a long period of unemployment and joblessness, which still has not ended, any upside to the jobs numbers at any point offers a helping hand and support to the stocks of companies that revolve around the jobs market. That is payrolls services, online job search destinations, career management, uniform makers, and even head hunters. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Updated throughout the day. Obama may extend an R&D tax credit that is set to expire (Bloomberg) Google’s (NASDAQ: GOOG) YouTube will have $450 million in revenue this year and will be profitable (NYT) China may have approached funds which own Potash (NYSE: POT) about blocking BHP Billiton’s (NYSE: BHP) hostile bid
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world.
