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! ]]
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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! ]]
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
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.
BP plc (NYSE: BP) disclosed that its costs to clean-up the Deepwater Horizon catastrophe have risen above $8 billion, and the company still has to fund a $20 billion escrow account to handle ongoing claims. Even with the new escrow account in force, very few people have received the financial support that the probably deserve.
Family health premiums rose 3% to $13,770.
When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt and AIG (NYSE: AIG) to survive thanks with a $182 billion bailout. The answer is simple: fear. In 2008, the collapse of the [[ This is a content summary only
If preview data about employment is any indication, the US government data should show a modest uptick in joblessness tomorrow. That would not be particularly surprising give the trend in weekly jobless claims and the recent data from ADP on private payrolls.
3Par announced that it received a revised proposal from Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $33 per share, which is an increase from its previously announced offer price of $30 per share.
Updated throughout the day. A buyout of Burger King (NYSE: BKC) is likely to be at $24 (WSJ) China search engine firm Baidu (NASDAQ: BIDU) will focus more on mobile markets (Reuters) The SEC is looking at canceled trades on the day of the “flash crash” Douglas A
