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Tag Archives: Business
Dow Sinks 6.4% for Week
By STEVEN RUSSOLILLO THE WALL STREET JOURNAL Fears of a possible Greek default and the U.S economy dipping back into recession pushed the Dow Jones Industrial Average to its worst weekly decline in nearly three years. Stocks edged slightly higher on Friday, as a pledge from global officials to maintain financial stability alleviated some investor [...]
Posted in Business, Economy, Solid Principles Report, Wall Street, Wall Street Journal
Tagged as: Business, DJIA, Dow Jones Industrial Averages, Economy, Wall Street
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Regional factories rebound, jobless claims up
Factory activity in the Mid-Atlantic region bounced back in July, lifting hopes of a pick-up in economic growth in the third quarter. However, a rise in the number of Americans filing new claims for unemployment benefits suggested the reacceleration in output would not be as strong as had previously anticipated. The Philadelphia Federal Reserve Bank [...]
Posted in Business, Economy, Federal Reserve
Tagged as: Business, Economy, Federal Reserve, Unemploymnet
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Moody’s Downgrades Ireland
By MARK BROWN And MARTIN VAUGHAN LONDON—Moody’s Investors Service Inc. downgraded Ireland’s government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative. The agency, cutting Ireland’s bond ratings to Baa3, one notch above junk, from Baa1, said it was responding to a likely deterioration in [...]
Posted in All Things Irish, Business, Euro Zone, Solid Principles, Wall Street Journal
Tagged as: Business, Euro Zone, European Markets, Ireland, Moody's
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Private Sector Sheds Jobs
By KATHLEEN MADIGAN WSJ.COM Private businesses unexpectedly cut workers in September, according to data released Wednesday. Private-sector jobs in the U.S. fell by 39,000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. and consultancy Macroeconomic Advisers. Economists had expected ADP to report a job gain of 20,000 [...]
Posted in 2010 Elections, Business, Economy, Solid Principles, Wall Street Journal
Tagged as: ADP, Business, Economy, Employment report, Wall St. Journal, WSJ.com
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2.5% profit margins and the race for the White House
Here’s a YouTube follow up to my post from several days ago on the situation at McArthur’s Bakery in St. Loius. One of the owners of the bakery is quoted in the video as saying that bakeries in his size category, $1-5 million in sales, average about 2.5 % profit margin. He didn’t say that [...]
Posted in Business, Solid Principles, White House, YouTube
Tagged as: Business, Cap and Trade, Profit margins
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