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Spanish Unemployment Grows Most in Three Years as Recession Looms: Economy - Bloomberg

February 2, 2012

Spanish unemployment registrations jumped by the most in three years in January as the economy edged into its second recession since the end of 2009.
The number of people signing on for jobless benefits increased by 177,470 to 4.6 million, the Labor Ministry in Madrid said in an e-mailed statement today. That was the biggest […]

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Buffett gave $42M in stock to 8 unnamed charities

January 27, 2012

Billionaire Warren Buffett donated stock in his company worth $41.6 million to eight unnamed charities during the second half of 2011.
Buffett revealed the donations Wednesday in a year-end update on his Berkshire Hathaway Inc. stock holdings.
Buffett gave away 521,292 Class B shares of Berkshire stock between July and the end of December. These gifts are […]

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economics, management - Comments closed

King Says BOE Can Increase Bond Purchases If Needed to Meet Inflation Goal - Bloomberg

January 25, 2012

Bank of England Governor Mervyn King said slower inflation gives policy makers room to increase bond purchases to aid the U.K. economy and guard against a

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Microsoft and IBM push Dow up, Google falls

January 22, 2012

Microsoft and IBM drove the Dow Jones industrial average up after the tech giants reported stronger earnings than analysts had expected.
The Dow rose 97 points Friday to close at 12,720. That’s a gain of 0.8 percent.
The S&P 500 index inched up 1 point to 1,315.
An earnings miss by Google caused its stock to plunge 8 […]

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Cities to see job gains, but many struggle

January 19, 2012

Almost all U.S. metropolitan areas will see job growth in 2012, but for many areas it will still take years for employment to return to pre-recession levels, according to a report released on Wednesday by the U.S. Conference of Mayors.
All but three U.S. metro areas will have job gains this year, led by expected […]

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Retail group predicts 3.4 percent growth for 2012

January 17, 2012

NEW YORK • The nation’s largest retail trade group expects a solid 3.4 percent increase in sales this year, below last year’s 4.7 percent increase as job woes weigh on shoppers.
Sales should reach $2.53 trillion this year, up from last year’s $2.45 trillion, boosted in part by higher prices across all goods, according to a […]

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Fed

January 10, 2012

The Federal Reserve will pay $76.9 billion to the U.S. Treasury as part of an annual dividend it remits after covering its own expenses from interest on its ballooning bond portfolio and other gains.
Total assets on the Fed

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IMF to Make

January 8, 2012

The International Monetary Fund will make a

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Dow jumps 337 points

December 27, 2011

U.S. stocks surged Tuesday as concerns about the European debt crisis eased and investors welcomed signs of strength in the U.S. housing market.
The Dow Jones industrial average () rose 337 points, or 2.9%, to end at 12,103. The S&P 500 () jumped 36 points, or 3%, to 1,241. The Nasdaq () gained 80 […]

finance, online - Comments closed

More Americans to travel over the holidays

December 20, 2011

Despite continued worries about the economy, more Americans are expected to hit the highway this holiday season.
Travel group AAA said Wednesday it expects 91.9 million Americans — about 30% of the population — is expected to travel at least 50 miles from home during the 11-day year-end holiday season. That’s up 1.4% from a […]

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