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Blog Profile / Money & Co

Filed Under:Business & Finance
Posts on Regator:11671
Posts / Week:32.9
Archived Since:March 9, 2008

Blog Post Archive

Initial jobless claims fall to 280,000 in sign of strong labor market

Initial jobless claims fell last week to 280,000, continuing the positive momentum for the labor market as the year ends, the Labor Department said Wednesday.

U.S. growth is strongest in a decade

The U.S. is rolling into the new year with impressive strength as plunging oil prices have ignited consumer spending and helped fuel the best stretch of growth in more than a decade — even as economies around the world are strugglin...

Commissioner Michael Picker named president of PUC

Gov. Jerry Brown moved to limit fallout from a growing scandal at the Public Utilities Commission by naming his former renewable energy advisor Michael Picker as the new president of the powerful regulatory agency.

Consumer spending jumps in November as incomes rise

Consumer spending jumped last month as Americans' incomes continued to rise, the Commerce Department said Tuesday.

Economy grew at 5% annual rate in third quarter, best since 2003

The U.S economy grew at its fastest pace in more than a decade during the third quarter, a significant increase over earlier estimates that was triggered by stronger consumer spending, the Commerce Department said Tuesday.

Community groups, workers urge El Super boycott amid health complaints

Community organizers and El Super workers -- already pushing for labor concessions from the Paramount-based grocery store chain -- are calling for a boycott of the company amid allegations of health code violations.

Gilead shares plunge after Express Scripts spurns its $1,000 hepatitis C pill

Gilead Sciences Inc., already under fire for the high costs of its hepatitis C drugs, took another hit Monday when the nation's largest manager of pharmacy benefits struck an exclusive deal with a rival drugmaker.

Poll finds most optimism about quality jobs since before recession

In another positive sign for the labor market, Americans this month showed the most optimism about the availability of quality jobs than at any time since the start of the Great Recession, according to a Gallup poll released Monday.

California adds 90,100 jobs in November

Capping off three years of strong job growth, California employers added another 90,100 positions in November — one of the largest monthly hiring spurts in two decades.

Regulators designate MetLife for high-risk financial oversight

Federal regulators Friday designated MetLife Inc. for special oversight, saying the insurer is so big that its failure or other major problems would pose a threat to the U.S. financial system.

Warehouse workers sue for unpaid wages at Port of L.A.

A group of warehouse workers at the Port of Los Angeles has filed suit against a major distribution company, claiming that they have been underpaid and subjected to harsh working conditions.

New Obamacare enrollments in California top 144,000

California's health insurance exchange said 144,178 people have newly enrolled in Obamacare coverage during the first month of sign ups.

Home building slows in November

The home-building business is closing the year on a down note.

International Energy Agency cuts oil demand forecast as prices plunge

The International Energy Agency on Friday cut its forecast for global oil demand next year as prices continued to plunge because of oversupply and weak economies around the world.

Small-business owners show most optimism since 2007, survey finds

Small-business owners are more optimistic than at any time since 2007 as their outlook for sales and economic conditions jumped this month, according to a closely watched private survey released Tuesday.

Fannie Mae and Freddie Mac unveil mortgages with 3% down payment

Hoping to broaden the pool of home buyers and boost the real estate market, Fannie Mae and Freddie Mac are launching mortgage programs with down payments as low as 3%.

Los Angeles seafood company ordered shut over unsanitary conditions

A Los Angeles seafood company specializing in smoked and pickled fish was ordered shut by a federal judge over unsanitary conditions.

House approves one-year extension of $45 billion in tax breaks

The House on Wednesday voted 378-46 to approve a one-year extension of $45 billion in tax breaks, mostly for businesses, after bipartisan efforts on a longer-term extension fell apart as an end-of-the-year deadline approaches.

Top CEOs less optimistic about economy but plan more hiring

The nation's top corporate chief executives were slightly less optimistic about the economy's direction and planned to decrease investments in their businesses over the next six months, according to a survey released Tuesday.

Housing expert: Smoother days ahead in 2015

After several bumpy years, the housing market should continue to smooth out in 2015, one of the nation’s leading housing economists says.

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