News Sparking Headlines
One of the main things holding the economic recovery back is still suffering. The jobs market has been a hot topic since the start of the recession. The latest report from the US Department of Labor Bureau of Labor Statistics showed that employers continued to slash jobs in September as the unemployment rate rose to 9.8%. The dismal report surprised analysts who were expecting cuts to be much less. Here are some of the reasons why the report was so brutal. The recession may have ended, but the jobs market is in crisis mode.
The Truth About Jobs That No One Wants To Tell You
Video -- Jobs Across America
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Wall Street is hiring again , but not always where you think.
Northrop Grumman Corp. (NOC) beat out its main rival Boeing Co. (BA) for a $3.8 billion contract to maintain and service the US Air Force's fleet of KC-10 refueling tankers. All of Northrop Grumman's whining about favoritism was even necessary.
TD Bank (TD) customers may have noticed a few issues with their bank accounts. The bank is currently trying to fix a computer glitch that prevented accountholders from seeing real time balances. Some customers even incurred fees because their recent deposits were not credited properly.
The king of automobiles is running into some problems. Toyota Motor Corp. (TM) just recalled millions of vehicles and now the President of the company has issued a warning about profits. Akio Toyoda said that the rising Japanese yen would make it harder for the company to return to profitability. This was just one of many excuses that he offered up over the company's forecast for a second consecutive annual loss.
Amazon.com Inc (AMZN) has settled a lawsuit brought by a high school student and another consumer after the company deleted copies of George Orwell's 1984 from users' Kindles without notifying them.
Did you send a birthday card to the Treasury Department? TARP turns a year old tomorrow and despite its problems, it could live to see its second birthday.
Bernard Madoff's brother, sons and niece were sued by a liquidator over claims they spent $198.7 million of victims' money. It really does suck to be part of this family now.
Other Juicy Tidbits
Can Google Stay on Top of the Web? -- As Bing, Facebook, Twitter, and less well-known upstarts nip at its heels, Google has hundreds of wizards racing to come up with smarter answers.
Are stocks finally beginning to correct the monster rally off the March bottom? It's about time .
One of the odder riddles of the financial markets is how they can be so highly competitive and so highly profitable at the same time.
Drop Moody's Into the Volcano -- Why Wall Street's big ratings agencies should go the way of Arthur Andersen after Enron.
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