Archive for September, 2010

Conn. Senate candidate won’t rule out wage cuts

Connecticut’s Republican U.S. Senate candidate did not rule out cutting the minimum wage to help struggling businesses, and said Thursday that future increases to both the state and federal rates should be evaluated. (20 mins ago)

Marriage Rates In U.s. At Historic Low

The recession has taken a toll on everything from unemployment to corporate profits to inflation. But according to a Census Bureau report, the recession is causing a precipitous drop in marriage rates amongst young adults aged 25 34. (20 mins ago)

Deal news helps stocks recover from early losses

Traders shrug off poor consumer confidence reading and send stocks higher, extending rally (46 mins ago)

Chicago Fed: Cars Drag Down Midwest Manufacturing Activity

Manufacturing activity slowed in the Midwestern U.S. during August, as automakers chose to stop building up inventories, the Federal Reserve Bank of Chicago reported. (58 mins ago)

Dollar’s bounce: US currency to rally through end of 2007

The dollar is expected to continue to rally through the end of 2007 as investors take profits on short dollar positions and close their books for the year. (11 mins ago)

Losses push new telcos towards bailout

A few years back, many foreign and domestic companies made a beeline to get spectrum licences in India. But since last year, after new players entered the market by offering reduced rates, they have fallen prey to their own strategy. Most of them are bleeding as profit margins reduced. (58 mins ago)

News by location

Get local and national news updates via E-mail. Unemployment dropped in 82 of North Carolina’s 100 counties in August, according to the state Employment Security Commission. (6 mins ago)

Home sales up 7.6% in August, but still weak

Washington — Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales in more than a decade. (4 mins ago)

General Mills, Microsoft, New York Times: U.s. Equity Movers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:42 a.m. in New York. (35 mins ago)

Should new 2G licensees be bailed out?

Doing so would reverse a dubious set of licensing decisions but the government must also consider the question of moral hazard? with the government as the last guarantor of industry risk. (43 mins ago)