Category Archives: Market

Macy’s sues Martha Stewart Living for breach

By doris | Published: January 24, 2012

Full Story at msnbc.com NEW YORK — Macy’s Inc is suing Martha Stewart Living Omnimedia Inc, accusing the company of breach of contract for entering into an agreement to sell certain products to J.C. Penney Company Inc. Macy’s says Martha Stewart Living granted it the exclusive right to make and sell certain products under a [...]

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Housing ends year on strong note, but prices still falling

By doris | Published: January 21, 2012

Full Story at BottomLine.msnbc.msn.com The housing market ended the year on a positive note with strong sales in December, but a glut of unsold homes will likely push prices lower through much of this year, forecasters said Friday. Sales of existing homes hit an 11-month high last month and the number of properties on the [...]

Also posted in Economy, Financial, Home, Money | Leave a comment

First Solar stock plunges 20%

By doris | Published: December 14, 2011

Full Story at money.cnnl NEW YORK (CNNMoney) — Shares in solar power company First Solar fell over 20% in early trading Wednesday after the firm lowered its sales forecast for 2011. The Arizona-based company, which is a leading maker of thin-film solar panels and also a developer of solar power projects, predicted net sales in [...]

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Another awful week for stocks. Thanks, Europe!

By doris | Published: November 26, 2011

Full Story atmoney,CNN.com NEW YORK (CNNMoney) — U.S. stocks ended lower Friday, logging the worst weekly losses in two months, as eurozone fears continued to weigh on investor sentiment. The Dow Jones industrial average (INDU) lost 26 points, or 0.2%, finishing in the red for a fourth consecutive day. The S&P 500 (SPX) fell 3 [...]

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McDonald’s and Chipotle earnings deliver

By doris | Published: October 22, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of McDonald’s are trading at a new all-time high after the global fast food chain managed to impress with strong earnings and sales numbers across all its markets. Fast food chains tend to benefit during recessionary economic periods as many people scale back and trade down. [...]

Also posted in Business, Corporate, Economy, employment, Financial, Food., merchandising, Money, Prices Go Up And Down, Reccession | Leave a comment

The 4% mortgage – good luck getting one

By doris | Published: October 19, 2011

Full Story at cnn.com NEW YORK (CNNMoney) — A 4% mortgage sounds too good to be true — and for more than 90% of borrowers, it is. The average rate for a 30-year mortgage dropped below 4% earlier this month for the first time, hitting 3.94%, Freddie Mac reported. But at the same time, LendingTree [...]

Also posted in Banking, Business, Economy, Financial, Limits, Loans, Money, Mortagage, Toyota | Leave a comment

Pay for America’s highest-paid CEO tops $131 million

By doris | Published: October 15, 2011

Full Story at LifeInc.today.com At some point last year, about 17 million U.S. households had some difficulty feeding everyone in their family. That amounts to 14.5 percent of U.S. households, according to a report released last month by the U.S. Department of Agriculture. The percentage of households who experienced food insecurity in 2010 was virtually [...]

Also posted in Family, Financial, Food., Money, Security, Spending | Leave a comment

Get your peanut butter — before prices soar

By doris | Published: October 14, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Brace yourselves, peanut butter lovers — prices are set to spike following one of the worst peanut harvest seasons growers have seen in years. Prices for a ton of runner peanuts, commonly used to make peanut butter, hit nearly $1,200 this week, according to the U.S. Department [...]

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Stocks post gains for the week

By doris | Published: October 9, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks ended a strong week on a low note Friday as ongoing concerns about the European debt crisis overshadowed a better-than-expected report on the U.S. job market. The Dow Jones industrial average (INDU) fell 20 points, or 0.2%, to close at 11,103. The S&P 500 (SPX) [...]

Also posted in America, Gains, Jobs, Stocks | Leave a comment

Bill Clinton: How to fix the economy

By doris | Published: October 7, 2011

Full Story atFortune’s cnn.com First, Congress and President Obama can adopt strategies designed to unleash the massive amount of capital that is accumulated but not being invested. There’s some $2.2 trillion in cash in American banks that is not committed to loans. A couple hundred billion has to be held back for bad mortgages, but [...]

Also posted in America, Banking, Bill, Budget, Computer, Economy, Financial, Government, Home, Money, President | Leave a comment

Wal-Mart vice chairman to retire

By doris | Published: September 27, 2011

Full Story atnews.Yahoo.com (Reuters) – Wal-Mart Stores Inc Vice Chairman Eduardo Castro-Wright, who heads the world’s largest retailer’s e-commerce and sourcing businesses, will retire on July 1 to spend more time with his family. Wal-Mart said on Tuesday it aims to name new leadership for those businesses by the end of January, after which Castro-Wright [...]

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Gold prices: Biggest plunge since ’80

By doris | Published: September 24, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Gold prices continued to plunge Friday, despite the market turmoil that often drives investors to the traditional safe haven. Gold tumbled $101.90, or 5.9%, in regular trading to $1,639.80 an ounce. It’s the second straight day of steep declines for the precious metal. According to the Chicago [...]

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Stocks advance on last day of turbulent week

By doris | Published: September 23, 2011

Full Story at BottomLine.msnbc.msn.com All three major U.S. indexes were up slightly Friday after a hellish Thursday that saw the Dow Jones industrial average drop 391 points. The Dow was up about 32 points or 0.3 percent in afternoon trading Friday. All week, traders have been stung by worries that the economy is headed for [...]

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Can retraining give the unemployed a second chance?

By doris | Published: September 19, 2011

Full Story at msnbc.com Andrew Bricknell, 50, has lived in and around Detroit his whole life. Raised in Dearborn, Mich., where his father was a tool-and-die maker for Ford, Bricknell never doubted what industry he’d go into when he grew up — only which end of it. As a kid, Bricknell showed an aptitude for [...]

Also posted in Jobs, Layoffs, Unemployment | Leave a comment