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.
The official unemployment rate for August is out from the Labor Department and the unemployment rate grew 0.1% to 9.6% as expected. The total non-Farm payrolls was -54,000 in August, but the private sector payrolls showed a gain of 67,000 payrolls. Bloomberg had estimates of -90,000 in non-Farm Payrolls and +40,000 in private sector payrolls; [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Unemployment, according to a number of government officials and economists, has become intractable and the August jobless rate hit 9.6% as non-farm payrolls dropped 54,000.
From the BLS : Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today.
Many stocks are on the move this Friday morning. Active traders and day traders are likely to be watching the moves seen in Anadarko Petroleum Corporation (NYSE: APC), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Celldex Therapeutics, Inc
These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes this morning: Burger King Holdings Inc. (NYSE: BKC) Cut to Neutral at Piper Jaffray. Collective Brands, Inc
During his interminable testimony before the Financial Crisis Inquiry Commission, Federal Reserve Chairman Ben Bernanke said that banks that posed a major risk to financial stability should be closed.
Samsung, one of the five largest cellphone manufacturers in the world, raised its forecast for 2010 unit sales to 25 million.
It may turn out that China is not the Holy Grail for multinational car companies that they believed it would be. The world’s largest car market was supposed to offer the opportunity for corporations like Ford (NYSE: F) and GM to post 40% or 50% sales increases per month. The number of light vehicles sold [[ This is a content summary only.
