Stocks set for generally higher open after GE, Citi’s results

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Stocks set for generally higher open after GE, Citi’s results

Filed under: Company News , Economy , Investing U.S. stock futures were mixed to higher Friday morning after General Electric and Citigroup reported quarterly results that beat analyst estimates. Without much economic data on the docket today, investors will likely focus on earnings now that the first...
Virginia Tech: How much is a massacre worth?

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Virginia Tech: How much is a massacre worth?

Filed under: Economy At Virginia Tech, where I taught for 10 years, the magic number was one million dollars. According to many of my fellow teachers, that was the cost of closing the campus for a day and, although I never saw any evidence that it was true, that number ruled my life. I sometimes walked...
Dunkin Donuts is knocking on Starbucks’ door

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Dunkin Donuts is knocking on Starbucks’ door

Filed under: Company News Guests at the Great Wolf Lodge in Concord, North Carolina will soon be running, like America supposedly does, on Dunkin. The doughnuts-and-coffee chain is launching the first of “a variety of store models to suit any lodging property, including full retail shops, kiosks...
Another $500 billion market you’ve never heard of freezes up

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Another $500 billion market you’ve never heard of freezes up

Filed under: Economy Fourteen months ago, I learned about the $330 billion market for a new financial instrument called Auction Rate Securities (ARS) — bonds sold as cash-like instruments whose yields reset in periodic auctions. But in February 2008, the banks that created ARS stopped propping...
Another $500 billion market you’ve never heard of freezes up

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Another $500 billion market you’ve never heard of freezes up

Filed under: Economy Fourteen months ago, I learned about the $330 billion market for a new financial instrument called Auction Rate Securities (ARS) — bonds sold as cash-like instruments whose yields reset in periodic auctions. But in February 2008, the banks that created ARS stopped propping...
Unemployment soars to record 6.02 million

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Unemployment soars to record 6.02 million

Filed under: Economy The song remains the same in the nation’s labor market. Continuing claims surged 172,000 to a record 6.02 million, the U.S. Labor Department announced Thursday, as more Americans found it hard to find comparable employment amid the nation’s worst recession since 1981-82....
Unemployment soars to record 6.02 million

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Unemployment soars to record 6.02 million

Filed under: Economy The song remains the same in the nation’s labor market. Continuing claims surged 172,000 to a record 6.02 million, the U.S. Labor Department announced Thursday, as more Americans found it hard to find comparable employment amid the nation’s worst recession since 1981-82....
Google earnings could spark tech rally or wash away recent gains

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Google earnings could spark tech rally or wash away recent gains

Filed under: Company News , Technology , Earnings Technology investors will be focused today on the main event of this tech earnings season: Google earnings. If impressive, they could spark a tech rally. If unimpressive, recent tech gains will be quickly washed away. “They will exceed expectations,”...
As General Growth goes into Chapter 11, banks sweat

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As General Growth goes into Chapter 11, banks sweat

Filed under: Company News , Economy General Growth ( GGP ), the big mail operator, will file for Chapter 11. According to The Wall Street Journal , which broke the story, “Many analysts suspect General Growth will survive a lengthy bankruptcy intact, but perhaps smaller after selling properties,...
Credit cards could be key to JPMorgan Chase earnings

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Credit cards could be key to JPMorgan Chase earnings

Filed under: Company News , Earnings JPMorgan Chase ( JPM ), the largest U.S. bank by assets, reports its first-quarter earnings early tomorrow morning. Analysts are expecting profit of 32 cents a share , compared with a loss of 28 cents a share last quarter and a 68-cents-a-share profit a year ago....

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