Weak Jobs Data Pulls Stocks Down; Apple Unveils New Products

Weekly Wrap Up


Stocks struggled throughout the week, posting their first weekly loss in 6 weeks. The number of Americans filing unemployment claims unexpectedly rose last week. An additional 11,000 Americans filed for unemployment benefits, rising the total to a seasonally adjusted 315,000, the highest level since the end of June.

Dollar General (DG) has plans to acquire Family Dollar (FDO) no matter the cost. After being rejected by Family Dollar's board twice, Dollar General is taking the bid directly to Family Dollar's shareholder in an attempt for a hostile takeover.
On September 9th we saw all of Apple's (AAPL) new product offerings. As expected they unveiled 2 sizes of the iPhone 6. The tech giant also introduced the Apple Watch and Apple Pay, their newest payment system.

Economic News


Weekly Jobless Claims Rise Modestly 
Applications for unemployment benefits increased by 11,000 last week, but the jump is unlikely to cause concern about the broader health of the labor market. (Source: New York Times) Click here to read the full article

The Dollar Is On A Tear 
The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil. (Source: Business Insider) Click here to read the full article

Business News


(BNNY)
Shares of Annie’s Inc. (BNNY) were up +12.34 or +36.82 percent to $45.85 per share in premarket trading on Tuesday after news that food mega corporation General Mills (GIS) would be taking over the company for $820 million. (Source: InvestorGuide) Click here to read the full article

(RAX)
Shares of Rackspace Hosting Inc. (RAX) were up +2.76 or +7.41 percent to $40.00 per share in Monday’s premarket trading after news of a possible takeover of the company by telecommunications company CenturyLink (CTL). (Source: InvestorGuide) Click here to read the full article

(HTZ)
Shares of Hertz Global Holdings Inc. (HTZ) were up +1.25 or +4.50 percent to $29.00 per share in premarket trading on Friday, after news that the company has agreed to give activist investor Carl Icahn three seats on its board of directors in exchange for avoiding a potential battle for control of the board. (Source: InvestorGuide) Click here to read the full article

Technology Focus


T-Mobile CEO on Sprint: 'Put a Fork In It. They're Done'
In an interview, outspoken John Legere talks about the suddenly lively Sprint as a competitor, the failed merger with Sprint, and his thoughts on BlackBerry. (Source: Yahoo News) Click here to read the full article

US Judge Fines HP $59 Million for Bribing Russian Officials  
A judge on Thursday ordered US computer giant Hewlett-Packard to pay $58.8 million for bribing Moscow government officials to win a big-money contract with Russia's prosecutor general's office. (Source: Business Insider) Click here to read the full article

Your Money


Why Net Worth Matters More Than Income
Most people interested in personal finance have a goal to build wealth so they can have options, whether it's traveling, switching careers, or simply retirement. (Source: Two Cents) Click here to read the full article

Keep Your Money Out of the Mattress: Investing for the Short Term
Now that we're all headed back to the office to buckle down for fall, it's a great time to work on a little self-improvement. (Source: Business Insider) Click here to read the full article

Published on Sep 12, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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