The U.S. economy lost only 54,000 jobs in August -- less than had been expected -- while the private sector added a greater than predicted 67,000 jobs. Meanwhile, job loss totals for June and July were revised substantially downward.
Continue reading Private Sector Adds 67,000 Jobs During Better Than Expected August
Private Sector Adds 67,000 Jobs During Better Than Expected August originally appeared on DailyFinance on Fri, 03 Sep 2010 10:29:00.
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Economy
Kosmos Energy is reportedly considering launching an
IPO in either the U.S. or U.K., which could carry a value of $5 billion, according to a Reuters
report. The independent oil and gas production giant is weighing such a move after efforts to sell its stake in the West African offshore oilfield Jubilee hit a snag.
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Kosmos had reportedly entered an arrangement to sell its stake to...
Continue reading Kosmos Weighing IPO
Kosmos Weighing IPO originally appeared on DailyFinance on Fri, 03 Sep 2010 10:20:00.
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Energy,
Exxon Mobil
Facebook may block Apple iTunes users from using the new Ping network, which is built on Facebook. Seems Apple is using some of Facebook's freely available programming, rather than entering into a contractual relationship with the social network giant.
Continue reading Facebook Puts Apple in a Pinch Over Ping
Facebook Puts Apple in a Pinch Over Ping originally appeared on DailyFinance on Fri, 03 Sep 2010 09:45:00.
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Technology,
Media,
Apple,
Facebook
Former General Motors CEO Frederick "Fritz " Henderson has found a new job, but not within the auto industry. Energy giant Sunoco has tapped Henderson to lead SunCoke Energy, a spin-off it is forming early next year, the company said Thursday.
Continue reading Former GM CEO Fritz Henderson to Lead Sunoco Spin-Off
Former GM CEO Fritz Henderson to Lead Sunoco Spin-Off originally appeared on DailyFinance on Fri, 03 Sep 2010 09:30:00.
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Energy,
Company News,
People,
General Motors
Nouriel Roubini, the renowned NYU economics professor with the nickname "Dr. Doom," has offered up another dire prediction: Even if the U.S. and Europe manage to avoid a double-dip recession, more than 400 U.S. banks will likely fail.
Continue reading Roubini's Latest 'Dr. Doom' Prediction: More Than 400 Banks Will Fail
Roubini's Latest 'Dr. Doom' Prediction: More Than 400 Banks Will Fail originally appeared on DailyFinance on Fri, 03 Sep 2010 09:04:00.
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Economy
Wheat prices rose after Russia extended an export ban on grains and high food prices prompted a strike in Mozambique.
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Wheat for December delivery rose as high as $7.2475 a bushel in Chicago trading,
Bloomberg News reported. Russia, crippled by drought and wildfires in crop-growing areas, said Thursday that its ban on grain exports would last until after the next harvest.
"Russia...
Continue reading Wheat Rises as Russia Extends Ban, Mozambique Strike Continues
Wheat Rises as Russia Extends Ban, Mozambique Strike Continues originally appeared on DailyFinance on Fri, 03 Sep 2010 08:44:00.
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Economy,
People,
Green,
Retail,
NYSE
Take-Two Interactive Software (
TTWO) surged in after-hours trading on strong earnings reported Thursday after the market close. Pre-market trading on Friday continued the gains. As of 8:09 am, the stock was at $10.11 per share, a 14.24% over Thursday's close.
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The company reported net revenue for the quarter of $354.1 million on Thursday, a more than threefold gain from the same...
Continue reading Take-Two Interactive Software Surges After Strong Earnings Report
Take-Two Interactive Software Surges After Strong Earnings Report originally appeared on DailyFinance on Fri, 03 Sep 2010 08:14:00.
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Company News,
Technology,
Earnings,
Media,
Retail
Giant Swiss pharmaceutical company Roche has outlined a cost-cutting plan to help it offset pricing pressures in the U.S. and Europe, and following several setbacks in its late-stage research pipeline.
Continue reading Roche Announces Cost-Cutting Plan
Roche Announces Cost-Cutting Plan originally appeared on DailyFinance on Fri, 03 Sep 2010 08:00:00.
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Health Care,
Stocks in the News
Campbell Soup Company (
CPB) reported net earnings of 33 cents per share for the quarter ended Aug. 1, compared with adjusted net earnings of 30 cents per share a year earlier.
The improvement in earnings was driven by a lower effective tax rate and a reduction in weighted average diluted shares outstanding,
the company said in a statement. Sales fell 1% to $1.518 billion in the quarter.
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Continue reading Campbell Soup Reports Quarterly Earnings of 33 Cents Per Share
Campbell Soup Reports Quarterly Earnings of 33 Cents Per Share originally appeared on DailyFinance on Fri, 03 Sep 2010 07:56:00.
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Company News,
Earnings,
Campbell Soup Company,
Retail
Goldcorp Inc. (
GG) will purchase Andean Resources Limited (
AND) for about C$3.6 billion ($3.4 billion).
Andean's principal asset is its Cerro Negro gold project in Argentina, the companies
said in a statement. Cerro Negro currently has reported indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver.
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"This transaction adds another key asset to...
Continue reading Goldcorp to Buy Andean Resources for $3.4 Billion
Goldcorp to Buy Andean Resources for $3.4 Billion originally appeared on DailyFinance on Fri, 03 Sep 2010 07:35:00.
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Company News,
Technology
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