Reuters – The U.S. unemployment rate rose to a 25-year high of 8.1 percent in February as employers, buckling under the strain of a severe recession, axed 651,000 jobs, government data showed on Friday.Read More… [Source: Yahoo! News: Business]
U.S. jobless rate hits 25-year high
(Reuters)
March 6th, 2009 · No Comments
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Another week closer to recovery!
March 6th, 2009 · No Comments
No, but seriously. Every horrendous week that we suffer through this thing brings us closer to the day when everybody will wake up singing. We don’t really know when it’ll be. We will all have to go through a lot to get there. But it will come. And then there will be dancing in the [...]
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Roche increases Genentech offer to $45.7 billion
(Reuters)
March 6th, 2009 · No Comments
Reuters – Roche Holding AG raised its bid to buy out the minority shareholders of Genentech Inc by 7.5 percent to $93 a share and extended its tender offer by a week, driving Genentech shares more than 11 percent higher on Friday.Read More… [Source: Yahoo! News: Business]
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5 ways to get low-cost tax assistance
(AP)
March 6th, 2009 · No Comments
AP – Cutting corners on tax preparation costs might sound penny-wise and pound-foolish in a year when people are desperate for the biggest refunds or smallest tax bills possible. But it doesn’t have to be.Read More… [Source: Yahoo! News: Business]
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This Week’s Stories: March 1 – 6
March 6th, 2009 · No Comments
In New Regulations Impact Toy Makers, inventions expert Tamara Monosoff writes about the Consumer Product Safety Improvement Act and how the regulations will affect toy and children’s products manufacturers.
If you’re thinking about starting a business now, you may want to read Jennifer Grzeskowiak’s Are These Businesses Still [...]
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Tax tips
March 6th, 2009 · No Comments
Key strategies for maximizing your deductions and holding on to the cash your business needs this year.Read More… [Source: Small business news - CNNMoney.com]
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UK may get 75 percent Lloyds stake in asset deal: source
(Reuters)
March 6th, 2009 · No Comments
Reuters – Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing to a deal that would cap the bank’s losses on about 250 billion pounds ($356 billion) of its risky assets, a person familiar with the matter said on Friday.Read More… [Source: Yahoo! News: Business]
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GM, banks’ fate to keep investors on edge
(Reuters)
March 6th, 2009 · No Comments
Reuters – With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk next week, putting Wall Street on track for another brutal sell-off.
Read More… [Source: Yahoo! News: Business]
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GM says still prefers out-of-court restructuring
(Reuters)
March 6th, 2009 · No Comments
Reuters – General Motors Corp said on Friday that it still prefers to restructure the business out of court rather than file for bankruptcy reorganization.
Read More… [Source: Yahoo! News: Business]
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H&R Block posts 3Q profit, beats expectations
(AP)
March 6th, 2009 · No Comments
AP – H&R Block Inc. is bracing for what could be a make-or-break final stretch of this year’s income tax season.Read More… [Source: Yahoo! News: Business]
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