Upbeat corporate earnings are giving stocks another burst of energy.
July 2009
Upbeat earnings help socks end day with gains
Sources: Government to stop ‘cash for clunkers’
Congressional officials say the government plans to suspend the “cash for clunkers” program amid concerns it could quickly use billion in rebates for new car purchases.
Obama: Report to show economic contraction
President Obama says he expects Friday’s report to show the economy contracted during the second quarter of the year but says the United States has “stepped away from the precipice.”
Hot, new back-to-school fashion trend: Cheap
Retailers are geared up for back-to-school shopping. But getting recession-weary parents similarly stoked — now, that might be tricky.
CNBC: UFC makes money hand over fist
The sport of mixed martial arts was once too hot to handle. But Ultimate Fighting Championship impresario Dana White turned UFC into a fistfull of dollars. C NBC reports.
Need to sell more wine? Get it banned in ’Bama
Alabama’s ban on a wine that features a nude nymph on the label became a business opportunity for a California vintner who is preparing a marketing campaign to capitalize on being “Banned in Bama.”
Jobless claims rise, but trend improves
The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due to seasonal distortions.
Americans still yearning to RV
While a record 8.2 million RVs are crisscrossing the nation’s roads, it has been a terrible year for the industry with sales stalling. But there’s a light at the end of the tunnel.
N.Y. AG details bonuses at bailed-out banks
Citigroup, one of the biggest recipients of bailout money, gave employees .33 billion in bonuses for 2008, New York’s attorney general said in a report detailing the payouts.