Latest News

  • 08/31/2012 Merger talks heating up between US Airways, American Airlines:  After weeks of speculation and discussion, US Airways and American Airlines are getting closer to reaching a potential deal to merge, The Associated Press reports.
  • 08/30/2012 Samsung launches new phone to compete with Apple:  Samsung Electronics is looking to compete with some of the major players in the mobile industry, as the company unveiled new phones that operate with Google and Microsoft software, according to Bloomberg.
  • 08/30/2012 GM to focus on increasing Cadillac sales:  A recent piece from the Detroit Free Press highlights how General Motors is planning to focus on Cadillac and increase its sales in the United States.
  • 08/29/2012 August projected to be big month for new car sales:  August's vehicle sales figures are expected to be impressive, according to new analysis from TrueCar.com.
  • 08/28/2012 Morgan Stanley, Citigroup far apart on value:  A new piece from Bloomberg reveals that Morgan Stanley's battle with Citigroup over the total value of their brokerage joint venture could reveal that the bank is losing leverage.
  • 08/28/2012 Wall Street job cuts leading to housing market decline in Connecticut:  A new report from Bloomberg reveals that Connecticut is leading the country in home price declines due in part to Wall Street cutting jobs and bonuses that have led to the purchase of multimillion-dollar housing purchases for the past-quarter century.
  • 08/27/2012 Major banks to merge, expand in New Jersey:  A recent piece from Bloomberg reveals that M and T Bank Corporation has agreed to purchase Hudson City Bancorp for close to $3.7 billion.
  • 08/27/2012 August posting impressive sales figures:  A recent piece from the Detroit Free Press reveals that auto sales numbers for August are on pace for an increase of 16 percent.
  • 08/24/2012 Building permits, mortgage rate averages up:  Although recent data analysis from the U.S. Census Bureau and Department of Housing and Urban Development reveals a slight dip in housing starts, similar data reveals an increase in building permits.
  • 08/23/2012 Wall Street sell-off gaining traction:  An August 23 report from CNNMoney revealed that a sell-off on Wall Street was gaining momentum for the day after two manufacturing reports revealed increased slowing of growth in both Europe and China.
  • 08/23/2012 Bloomberg reports drop in consumer confidence:  The recently released Bloomberg Consumer Comfort Index reveals that consumer confidence in the United States has dropped to its lowest level since January this year.
  • 08/22/2012 Treasury Department measure to benefit investors:  American consumers stand to benefit from a recent announcement by the U.S. Department of the Treasury
  • 08/21/2012 Sales incentives boost new car sales:  The auto industry and sales figures as a whole could stand to benefit from new car sales incentives and rebates, according to new data analysis from NADA.
  • 08/21/2012 Housing starts up on yearly basis:  Recent data analysis from the U.S. Census Bureau and the Department of Housing and Urban Development shows that privately-owned housing starts increased significantly on a year-over-year basis in July.
  • 08/20/2012 Best Buy names former Carlson head new CEO:  Electronics retailer Best Buy recently named Hubert Joly its new CEO.
  • 08/16/2012 Entrepreneurs report growth despite economy:  The results of a new study from the Entrepreneurs' Organization reveal that despite the struggling economy, entrepreneurs continue to grow their businesses and create job opportunities.
  • 08/15/2012 Reason given for Knight trading loss:  Knight Capital Group recently suffered a $440 million trading loss, and a recent report from Bloomberg reveals it is due to an old set of computer software that was accidentally reactivated after a new program was installed.
  • 08/15/2012 Rising home prices lower affordability, NAHB reports:  A new report from the National Association of Home Builders reveals that rising home prices are having an effect on housing affordability in the second quarter this year.
  • 08/15/2012 Survey finds Americans living more comfortably financially:  The results of a new survey from CareerBuilder reveal that the number of workers in the United States living paycheck to paycheck has hit a recession-era low.
  • 08/14/2012 Apple continues to show growth in digital tablet market:  A new piece from Bloomberg reveals that shipments of the iPad tablet from Apple climbed by 44 percent to 17 million units in the second quarter.
  • 08/13/2012 American Airlines merger decision expected in several weeks:  A merger decision from AMR Corporation, the bankrupt parent of American Airlines, is still at least several weeks away, according to a recent Reuters report.
  • 08/13/2012 Google to cut jobs:  Google has announced plans to cut as many as 4,000 jobs at its Motorola Mobility Holdings unit, which constitutes roughly 20 percent of the staff at the company.
  • 08/13/2012 Executive salaries on the rise:  The results of a new survey from Aon Hewitt, a global human resources solutions company, finds a slight rise in salary increases in 2012 with spending on performance-based awards remaining strong.
  • 08/10/2012 Employment growth sends housing prices upward:  A new report from Trulia, an information and resource provider for home buyers, sellers, owners and renters, revealed that the most recent employment figures in the United States are having an effect on the nation's housing market.
  • 08/10/2012 Toyota to move production due to strong yen:  Toyota plans to build more of its cars in North America due in part to a strong yen.
  • 08/09/2012 Robbins and Myers, National Oilwell Varco to merge:  National Oilwell Varco, a global leader in the manufacture, sale and design of equipment related to oil and gas drilling,
  • 08/09/2012 HP merger under scrutiny:  Hewlett-Packard is under scrutiny regarding its merger as MarketWatch reports that analysts are calling the company's $8 billion goodwill charge further evidence that it continues to make questionable decisions.
  • 08/08/2012 Fannie Mae finds consumer confidence up in housing:  Fannie Mae has its finger on the pulse of not only the health of the housing market, but the economy as a whole, as a new report highlighted consumer expectations in these areas.
  • 08/08/2012 Economists forecast surging auto sales over next few years:  The auto industry has experienced much growth over the past several months, and a new article from The Detroit News suggests that growth could continue over the course of the next several years.
  • 08/07/2012 Housing markets improve nationwide:  The housing market continues its march toward recovery, helping to boost the overall economy and consumer confidence.
  • 08/07/2012 Standard Chartered stocks suffer:  Standard Chartered Plc dropped the farthest in nearly 24 years, according to a Bloomberg report, as one analyst estimates it could experience costs up to $5.5 billion for allegedly violating U.S. money laundering laws from dealing with Iranian banks.
  • 08/06/2012 Buffett's Berkshire announces cash swell:  Berkshire Hathaway saw its cash grow in the second quarter this year to its highest level in a year, according to a recent report from Bloomberg.
  • 08/06/2012 Latest Facebook IPO news:  Facebook has fallen 45 percent since its initial public offering on May 18, but it has also created returns totaling more than 500 percent for European investors that purchased structured products benefiting from the decline, according to a report from Bloomberg.
  • 08/03/2012 Infiniti sales, clean diesel auto sales rise:  Major automakers aren't the only ones recording impressive sales figures in July, as Infiniti, a company that specializes in luxury performance automobiles, reported a 56.8 percent increase in units moved for the month compared to the same time last year.
  • 08/03/2012 Boeing brokers deal to sell 737s:  The Boeing Company has reached an agreement with Asian carriers to sell 94 of its single aisle 737 planes to them, according to a Bloomberg report.
  • 08/02/2012 Nation adds jobs in June, ADP reports:  The ADP National Employment Report released recently shows that private sector jobs grew by 176,000 positions between May and June on a seasonally adjusted basis.
  • 08/02/2012 Toyota, Hyundai post impressive July sales figures:  Auto sales figures for some of the nation's leading manufacturers keep rolling in, and the results are positive in most cases, including with Toyota.
  • 08/01/2012 Ford, Chrysler post impressive July sales figures:  Major U.S. automakers continue to post impressive sales numbers as the halfway mark of 2012 passes, with Ford's Fusion model registering its best-ever July in terms of sales.
  • 08/01/2012 US Treasury Department developing a new program:  The U.S. Treasury has announced that it is developing a program for floating-rate notes that is expected to become operational in at least year as it prepares for the possibility of negative-rate bidding.

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