Yellen Nominated by Obama; Merge Creates the World's Largest Airline Carrier

Weekly Wrap Up


The stock market continued to make headlines all week after setting, and then beating multiple record days. The S&P 500 and Dow Jones ended the week up for the sixth straight week. President Obama announced his nomination for the next chair of the Federal Reserve, Janet Yellen. During the Senate Banking Committee hearing Yellen gave us a glimpse of what is to come under her leadership. She states that the stimulus will continue for now because the economy still has room for improvement.

This week many well-known retailers announced that they will be opening up on Thanksgiving, much to the dismay of their employees and customers.
Customers are not pleased because they believe these retailers are ruining the holiday and some employees are obviously not pleased that they will be forced to work on the holiday. These stores include Walmart (WMT), Target (TGT), and Sears (SHLD), just to name a few. While other retailers like Nordstrom (JWN) and Costco (COST) refuse to open on the holiday. US Airways (LCC) and American Airlines (AAMRQ) were finally given the green light by the Department of Justice to finalize their merger, creating the world's largest airline. It was announced on Friday that the new "American" Airlines will be traded on Nasdaq under the ticker symbol AAL.

Economic News


U.S. Economic Growth Gage Slips in Latest Week - ECRI
A measure of future U.S. economic growth edged lower last week, although the annualized growth rate rose, a research group said on Friday. (Source: Yahoo News) Click here to read the full article

The Week in Charts: 65% of Obamacare Enrollees Come From Five States
This week has been another rough one for Obamacare, as the administration reported that only about 100,000 people had picked a marketplace plan in the first month of operations. (Source: Market Watch) Click here to read the full article

Business News


(LCC)
Shares of US Airways Group Inc. (LCC) closed up +0.25 or +1.07 percent to $23.52 per share on Tuesday, after news that the U.S. Justice Department had settled an anti-trust lawsuit against U.S. Airways Group Inc. and American Airlines (AAMRQ). (Source: InvestorGuide) Click here to read the full article

(RIG)
Shares of Transocean Ltd. (RIG) closed up +1.92 or +3.59 percent to $55.37 per share on Tuesday, after the company announced it had tentatively agreed with major shareholder and activist investor Carl Icahn on a number of measures including a $3 per share dividend. (Source: InvestorGuide) Click here to read the full article

(CHGG)
Shares of Chegg Inc. (CHGG) were trading at $9.42 per share on Thursday, down -0.26 or -2.69 percent. (Source: InvestorGuide) Click here to read the full article

Technology Focus


(TWTR)
Shares of Twitter Inc. (TWTR) closed down -3.25 or -7.24 percent on Friday to $41.65 per share. (Source: InvestorGuide) Click here to read the full article

(HPQ)
Shares of the Hewlett-Packard Company (HPQ) dropped -1.42 or -5.36 percent on Thursday after news that the company, along with partner Google (GOOG) had suspended sales of their new Chromebook 11 laptop. (Source: InvestorGuide) Click here to read the full article

Your Money


4 Rules for Lending Money to Family Members
When it comes to lending money to friends or family members, the simplest and best rule of thumb is Don’t Do It. (Source: Yahoo Finance) Click here to read the full article

Holiday Tip: Gifts for Employees That Don't Cost a Dime
The best things in life are free. Remember that this holiday season as you consider what gifts to get your employees. (Source: Inc.) Click here to read the full article

Published on Nov 15, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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