Archive for October 30th, 2009

Analysts expect 3Q loss for UBS


 
 Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

UK: Paperboy, 13, Offered $11 Severance Package

Around the Web: Redundant at 13: recession costs paperboy his job | UK news … Affinion Group, Inc. Announces Results for the Third Quarter Ended September …

Uninsured Women Negotiates With Hospital, Pays Less Than She Would Have For COBRA

As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Tammy Compton of the Wayne Independent reports that a Waymart, Pa., woman managed to save money on health care costs by foregoing insurance. Carol (she withheld her last name) recently quit her job of six years at a utility company because of high stress, which made her ineligible for unemployment benefits.

David Adkins: Ending the Great Recession: It’s Going to Take More Than Just Stimulus

With $150 billion spent to date, the White House estimates that the Recovery Act has saved or created roughly one million jobs. This figure includes 650,000 direct jobs saved or created by state governments and contractors as well as an estimate prepared by the White House’s Council of Economic Advisers that stimulus spending created another 350,000 indirect jobs. Citizens across the country will soon be able to log on to www.recovery.gov to see how many of these jobs have come to their states and neighborhoods

One and done: Most Americans pushing plans for retirement back by one year


 
 More Americans are planning on holding off on retirement by at least one year, according to data from Sun Life Financial Inc.’s Unretirement Index. Sixty-five percent of 1,451 surveyed American workers indicated they’ll wait at least a year to retire, up 11% from the end of 2008.

Why The Vitamin Industry Did So Well In The Recession

The Big Money : On Thursday, the government declared the recession over, which means it’s time to figure out who won. During the past several months, I’ve been identifying companies that thrived during the downturn, such as McDonald’s (MCD) and the guns-and-ammo manufacturer Freedom Group.

Stocks sink as worries mount about spending


 
 Stocks plunged Friday, erasing all of the previous day’s big gains, as a drop in consumer spending fanned worries that the economic recovery won’t be sustainable. Major stock indexes tumbled more than 2 percent in early afternoon trading, including the Dow Jones industrials, which gave back all of Thursday’s 200-point gain. The biggest declines were among banks, energy and materials companies

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