business-news

Jobless Claims Decline, But Not Enough

By admin on September 2, 2010

The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish.
There were 472,000 initial jobless claims filed in the week ended Aug. 28, down 6,000 from an upwardly revised 478,000 the previous week, according to the Labor Department’s weekly report.
Economists [...]

Dow Ends Above 10,000 8/25

By admin on August 25, 2010

Stocks snapped a four-day losing streak Wednesday after a late rally.
Stocks had been lower for much of the day after dismal housing and durable goods data stressed the prospect of an economic slowdown.
The Dow Jones Industrial Average ended up about 20 points, or 0.2 percent, ending above 10,000, after falling below that mark earlier. This [...]

Google To Allow Phone Calls From Gmail

By admin on August 25, 2010

Google Inc said users of Gmail will now be able to call telephones directly from their email, putting it in direct competition with Web calling service Skype and companies such as AT&T Inc.
While Google had already offered computer-to-computer voice and video chat services, starting on Wednesday it said it will allow calls to home phones [...]

Dow Falls On Homes Report 8/24

By admin on August 25, 2010

U.S. stocks closed sharply lower Tuesday after a report showing showing a worse-than-expected plunge in existing home sales reignited fears about an economic slowdown.
The Dow Jones industrial average (INDU) sank 134 points, or 1.3%, the S&P 500 (SPX) lost 15 points, or 1.5%, and the Nasdaq (COMP) composite fell 36 points, or 1.7%.
Disappointing economic news [...]

Stocks Drop 8/23/10

By admin on August 23, 2010

Stocks ended lower Monday, led by industrials, materials and techs. Investors once again shrugged off a wave of merger-and-acquisition activity, which normally gives the market a boost.
The Dow Jones Industrial Average fell 39.21, or 0.4 percent, to close at 10,174.41. That brought its three-day loss to 2 percent.
The S&P 500 and Nasdaq also fell, with [...]

Intel To Buy McAfee For $7.7 Billion

By admin on August 19, 2010

Intel said on Thursday that it has agreed to buy McAfee, the computer antivirus software maker, for about $7.7 billion in cash, as the chip giant seeks to expand its presence in security services.
Under the terms of the deal, Intel will pay $48 a share in cash, a 60 percent premium to McAfee’s Wednesday closing [...]

GM Files for Landmark IPO to Repay Bailout

By admin on August 18, 2010

General Motors filed for an initial public offering of stock on Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy.
Morgan Stanley, JPMorgan, Bank of America Merrill Lynch and Citigroup have been selected as the lead underwriters for the IPO by the top U.S. automaker.
GM’s initial [...]

Dow Ends Lower, Fails to Snap Losing Streak

By admin on August 16, 2010

08/16/10: Stocks ended a quiet trading session largely flat, with the Dow closing with a slight loss. Technology stocks gave a modest boost to the Nasdaq, which ended higher.
The Dow Jones Industrial Average fell 1.1 points, or 0.01 percent to 10,302.01, marking a fifth straight day of losses.
The S&P 500 eked out a gain of [...]

El Al signs agreement with JetBlue Airways

By admin on August 13, 2010

To provide connecting options on US-bound flights.
Continue reading Israel News: 
El Al signs agreement with JetBlue Airways

China Becomes Second Biggest World Economy

By admin on July 30, 2010

China has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according [...]

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