January Sees Unexpected Fall in Jobless Rate across Canada
Official figures have confirmed that the unemployment rate across Canada, for the month of January, unexpectedly slipped to 8.3%, which has been the lowest level recorded since September. The fall has been a substantial once from the figure of 8.4% recorded for December, as the economy managed to add 43,000 jobs.
Year-end Surged in M&A Activity
The recent analysis reveals that the 2009 Q4 numbers are in and they proved beneficial for companies looking to get acquired or go public in 2010. In addition, corporate buyers invested in the fourth quarter, and tech IPOs are performing well.
Census Banking Upon Partnerships to Find "Hard-to-Reach" Groups and Segments
The Census Bureau is now banking mainly upon partnering with people to reach out to groups which are inaccessible or hard to reach. A significant example is George Duangmanee, a financial adviser as well as an officer in a scholarship program for Asian tennis players, and due to his latter role, he has become an important Census Bureau partner.
Stranded air passengers to get relief from new rules
The US Transportation Department on Monday announced new rules that prevent airlines stranding passengers on tarmacs for more than three hours.
Airlines will face a fine of $27,500 per passenger if they violate the rule.
Dairy producers to receive $290m
The US Department of Agriculture will provide $290 million aid to country’s dairy producers to help them fight against low prices of milk and high cost of feeding.
The national average price for milk plunged from $16.80 per hundredweight in the fourth quarter of last year to $12.23 in the first three months of this year, representing a decline of around 27 per cent.
Survey points at Gain in Personal Income in the past Six Months
Economy is picking up as there is rise in personal incomes of Americans during the month of November. And as the incomes rose in six months, the spending also increased strongly. According to the reports of commerce department, the unemployment rate has dropped in last month and personal incomes increased 0.4%. The report also stated that the spending increased by 0.5%.
Better-than-Expected Rise Recorded by Factory Sales in October
For the month of October, as confirmed by official figures shared by Statistics Canada, factory sales recorded much higher than expected growth, mainly on the back of aerospace and petroleum and coal products.
For the month, sales gained 2% to hit $42.5 Billion, making this the fourth increase in the past 5 months.
McClatchy Forecasts Improvement in Advertising Revenue for Coming Times
McClatchy Co., the country's leading newspaper publisher which has 30 dailies under its wing, including the Miami Herald and Kansas City Star, has shared that it is expecting advertising revenues to keep growing through the end of the year, a trend which was recorded by the group in the third-quarter.
Employers across US Planning on Increasing Payrolls - Manpower
A survey conducted by Manpower Inc., one of the world's top ranked providers of temporary workers, has revealed that employers across America are looking to increase payroll for the first time in over a year during the next quarter, as their confidence in the economic recovery grows.
BMW and Audi Report Rising Sales on Back of Improving Chinese Auto Market
World's biggest maker of luxury cars, BMW, and Volkswagen's Audi, reported rising sales for the month of November, on the back of improving Chinese auto market which nearly doubled because of ample Government incentives.
Employment Situation in Canada and US Improve
Economic recovery in Canada and the US was never as evident as it is now. While the Canadian job rate improved manifolds in November, the latest Labor Department report has revealed that for the month, much less jobs were cut across America than expected.
0.6% Hike Recorded in Factory Orders for October across US
In November, for the sixth consecutive time in around seven months, orders placed in factories across America recorded a rise, with non-durable products leading the sector. Gains made by these products managed to off-set the spending which factories had to undertake for new equipment.
Bank of America Repaying TARP Funds Worth $19.3 billion
More than $ 19 billion of securities have been sold by Bank of America Corp in the interest of investor to ward off government regulatory restrictions in its CEO search.
Canada's Rate of Employment for November Beats Expectations
For the month of November, Canada's economy managed to add a high number of jobs, much more than experts had estimated, suggesting that the economy is well on its way to recovery and that the jobs market is definitely improving.
Anticipating a Decline in Unemployment Rate, US Stock Futures Nudge Higher
After slumping on Thursday, stock futures across all American markets nudged higher on Friday, as traders eagerly anticipated the upcoming job report which has good chances of showing a decline in the country's rate of unemployment.
0.7% Rise Recorded by German GDP in Third-Quarter
The German gross domestic production recorded a 0.7% rise in the third-quarter of the current fiscal year as firms "replenished inventories" and spent more on machinery and equipment. While re-stocking nudged the GDP up by 1.5%, investment in machinery and plant contributed to a 0.1% growth.
Much-Higher-than-Expected Profits Posted by Abercrombie & Fitch
US fashion retailer Abercrombie & Fitch posted a fall in the third-quarter earnings, but the figures have been much better than what analysts had expected. The revenue generated and per share price earnings managed to beat estimates by a large margin. Strict cost cuts are being stated as the reason for a restrained fall in earnings by the company.
75.8% Rise in Car Sales across China Reported for October
In the light of various attractive Government incentives currently being offered to consumers, car sales across China saw a 75.8% rise for the month of October. The surge in car sales is being viewed by many as another sign of the fact that the country's economy is rapidly growing.
Deadline for Homebuyers Tax Credit Extended
On Friday, President Obama signed the proposal for the extension and expansion of the first time home buyer $8,000 tax credit scheme, which was earlier to end on December 1. The proposal had been passed in the House via voting and just required the President's signature to make it official and binding.
5.1% Rise in Same Store Sales Reported by Wal-Mart de Mexico
Mexico's Wal-Mart de Mexico on Friday confirmed a 5.1% rise in same stores sales for the month of October, as compared to the same month last year. An extra Saturday and the fact that the store has managed to keep its prices low even in economically tough times have been credited by the firm as reasons for the rise.
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