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
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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.
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
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.
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
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.
