Monthly Archives: November 2015

October's firing trend points to decent Friday jobs report

Layoffs in October fell 14% from the previous month, according to global outplacement firm Challenger, Gray & Christmas.
Source: Yahoo Finance

Why the price of bitcoin is skyrocketing again

The price of Bitcoin, the world’s most popular virtual, digital currency, is on the rise again, fueled by perhaps questionable buying interest in China.
Source: Yahoo Finance

First-time homebuyers fall, ‘desire to own’ jumps

The share of first-time homebuyers fell to the lowest level in nearly three decades, just 32 percent of all purchases, according to a new report.
Source: Yahoo Finance

House passes highway bill that keeps a lid on spending

The House has voted to continue transportation programs for six years with no significant increase in spending. That’s despite warnings that the nation’s roads, bridges and transit systems are falling …
Source: Yahoo Finance

Valeant shares tumble 20 percent, retrace ground to 2013 levels

Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) shares fell as much as 20 percent on Thursday, building on weeks of steep losses over concerns about its ties to specialty pharmacy Philidor Rx Services, which is accused of improperly boosting sales of Valeant drugs. Valeant’s U.S.-traded shares hit their lowest since May 2013, falling as low as $73.37. The Wall Street Journal published a story on Thursday detailing the thinking of one of Valeant’s biggest investors, Bill Ackman, who runs Pershing Square Capital Management.
Source: Yahoo Finance

U.S. jobless claims post largest increase since February

New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct.31, the Labor Department said on Thursday. A Labor Department analyst said there were no special factors influencing the data.
Source: Yahoo Finance

Why Facebook's ad revenue can keep growing: Analyst

Facebook ticks off the three boxes advertising customers care about most, James Cakmak tells CNBC.
Source: Yahoo Finance

U.S. jobless claims rise; third-quarter productivity posts surprise gain

New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct.31, the Labor Department said. The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, rose 3,500 to 262,750 last week.
Source: Yahoo Finance

Fannie Mae posts $2B profit for 3Q; paying $2.2B dividend

Mortgage giant Fannie Mae reported net income of $2 billion for the July-September period, down from $3.9 billion a year earlier. The government-controlled company attributed the third-quarter decline …
Source: Yahoo Finance

Stocks up as jobs report looms; Facebook's blowout quarter; Expedia vs. Airbnb

Stocks climb higher as Friday’s all important jobs report looms. We’ll tell you what else has traders’ attention. Plus Facebook eye on new record high..after another surprisingly strong quarter. And Expedia’s shopping spree continues as it snatches up HomeAway.
Source: Yahoo Finance

Apple opens subsidiary in Vietnam, tapping smartphone growth

Apple Inc has opened a subsidiary company in Vietnam, allowing the maker of iPhones to import and distribute cellphones directly in one of the fastest growing smartphone markets in the Asia-Pacific. Apple Vietnam Limited Liability was established on Oct. 28 with a registered capital of 15 billion dong ($672,194), according to a news announcement recorded on Vietnam’s national business registry website seen by Reuters on Thursday. The Ho Chi Minh City-based firm will conduct wholesale businesses of various products including its signature smartphones, provide information technology and maintenance services as well as advising services, the announcement said.
Source: Yahoo Finance

Does the SEC inflate its numbers?

If the SEC were one of the publicly traded companies it polices, the short sellers would be flocking, because its numbers are not what they’re cracked up to be.
Source: Yahoo Finance

Stocks seen higher, focus shifts to payrolls

U.S. stock index futures indicated a higher open on Thursday as traders looked to Friday’s key employment report.
Source: Yahoo Finance

Taxpayers May Be Funding Billionaires' Biggest Apartment Deals

Who do billionaires turn to when they want to buy apartment complexes? The U.S. taxpayer.
Source: Yahoo Finance

Details of controversial Pacific trade deal are released

Details of a sweeping Pacific Rim trade deal released Thursday set the stage for a raucous debate in the U.S. Congress but also may provide reassurances to those who worried the agreement could gut protections …
Source: Yahoo Finance

SeaWorld misses Street 3Q forecasts

The Orlando, Florida-based company said it had net income of $1.14 per share. The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was …
Source: Yahoo Finance

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