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Citigroup to eliminate more than 11,000 jobs
Associated PressCitigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000. The bank did not spell out how many of the jobs will be in the United States....Tags: Citigroup Incorporated, Consumers, Pakistan
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With no farm bill, Maryland dairy farmers lose safety net
Capital News Service“You can’t turn these cows on and off,” said Bill Kilby, whose family has owned a dairy farm in Cecil County, Md., since 1961. “You cannot stop feeding the cows, you’ve got to take care of them.” That’s the...Tags: Politics, Prices, Droughts, Farms, Goldman Sachs Group, Inc.
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Dow leaps 286 points, best day of the year
Speculation that governments in the U.S. and Europe will act to help their economies sent stocks surging to their best day this year. Atlanta Federal Reserve President Dennis Lockhart said in a speech that weak job growth over the past two months...
Tags: NASDAQ, Federal Reserve, NYSE Euronext, Inc., Mortgages, European Union
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Moody's cuts credit ratings of 15 major banks
Moody’s Investors Service lowered the credit ratings of 15 the world’s largest banks late Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking....
Tags: China, Ratings, Banking, Spain, Finance
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Business Briefs - Feb. 5
Holly Place Melanie Davis, executive director of Holly Place, a Hagerstown organization that provides housing for frail, elderly clients, recently received $485 from Housing Authority of Washington County employees. Every Friday, housing authority...Tags: Finance, Hospitals and Clinics, Housing and Urban Planning, Ryerson Incorporated, Interior Policy
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9/11 changed how some view and handle their security
davem@herald-mail.comKen Snyder is more cautious around crowds and is prone to a “defensive posture.” Retired minister Torben Aarsand has noticed that “fear is just under the surface of our minds,” and it makes itself known in unrelated events —...Tags: United Air Lines, September 11, 2001 Attacks, Christianity, Unrest, Conflicts and War, Osama bin Laden
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Business People - Nov. 20
Roxbury Correctional Institution TOWSON, Md. — Lawrence F. Miller, correctional officer major, was chosen as Roxbury Correctional Institution’s supervisor of the quarter. Miller does an excellent job of balancing the requests of staff and...Tags: Franklin and Marshall College, Johns Hopkins Hospital, Teeth, Colleges and Universities, University of Notre Dame
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Dow has first close above 12,000 in 2 1/2 years
Two years ago, the stock market was roadkill along the financial highway. Now one of the greatest bull markets in history is rolling along — maybe enough to finally get the attention of average investors. The Dow Jones industrial average closed...Tags: Unemployment, Federal Reserve, Unrest, Conflicts and War, Earnings, Finance
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California jobless rate falls to 9%
No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000. The state's unemployment rate dropped to 9% from 9.4% the month...
Tags: Unemployment, Unemployment Benefits, Employment Opportunities, Consumer Confidence, Employment
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Products of a falling yen: Lower-priced imports from Japan and a more affordable Tokyo
Attention, bargain-hunters around the world: Japanese goods — from cars to televisions — are going on sale. Credit Japan's drive to pump cash into its economy to stimulate growth. The extra money flooding its financial system is helping...Tags: Sales, Germany, Japan, Honda, Manufacturing and Engineering
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As Tesla taps capital markets for cash, share price could top $100
Tesla Motors shares are trading at about $90 and could easily top $100, buoyed by its ability to tap capital markets for about $1 billion through its announced sale of stock and convertible notes. It is an impressive performance that will help the...
Tags: Hybrid Vehicles, Tesla, Social Media, Nissan Motor Co., Thomas Edison
Dec 5, 2012
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Nov 4, 2012
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Jun 21, 2012
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Feb 5, 2012
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Aug 18, 2011
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Sep 4, 2011
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Nov 20, 2011
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Feb 1, 2011
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May 17, 2013
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May 17, 2013
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May 17, 2013
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