Business

Hobby Lobby Files Suit Over Obamacare Contraception Mandate

Hobby Lobby Files Suit Over Obamacare Contraception Mandate

(Washington, DC)  –  Hobby Lobby is an evangelical-owned business that has filed suit against the Obama Administration’s contraceptive/abortion mandate.  Baptist Press says with more than 500 stores in 41 states it is the largest business yet to take action against the mandate. David Green is Hobby Lobby’s founder and CEO and says the company’s insurance […]

FOMC To Make Policy Announcement Today

FOMC To Make Policy Announcement Today

The Federal Open Market Committee wraps up its two-day meeting today and anticipation is running high about what Fed chief Ben Bernanke will announce afterward.  Pressure is being put on the Fed to act because the U.S. economy remains lackluster.  The Fed has repeatedly made clear that it is prepared to do more to help […]

Moody’s Cuts Morgan Stanley, BofA, Citigroup, JPMorgan, Goldman Sachs Ratings

Moody’s Cuts Morgan Stanley, BofA, Citigroup, JPMorgan, Goldman Sachs Ratings

(New York, NY)  –  As expected Moody’s is cutting the credit rating of several major banks.  The agency announced Thursday that it’s cutting the ratings of Morgan Stanley, Bank of America, Citigroup, JPMorgan and Goldman Sachs plus several European institutions.  The credit rating agency says Morgan Stanley and BofA are “affected by problems in risk […]

Obama To Address Latino Conference

Obama To Address Latino Conference

(Washington, DC)  –  President Obama will speak to a major Latino conference in Florida today.  One week ago, Obama announced that the government has stopped deporting many young, illegal immigrants who were brought into the U.S. as children.  Republican presidential candidate Mitt Romney told the same Latino conference yesterday that the President’s immigration maneuver as […]

Commodities and Precious Metals Become Investor Havens

Commodities and Precious Metals Become Investor Havens

As investors and businesses pull back due to the dismal national and global economic forecasts, commodities and precious metals become investor havens. Silver is pushing against the $30 an ounce mark again and gold is moving up, settling in at the mid $1600+ an ounce range. While investors showed a little love for stocks last […]

Billionaire Warren Buffett says it’s unlikely that the U.S. economy will fall into another recession

Billionaire Warren Buffett says it’s unlikely that the U.S. economy will fall into another recession

Neither side seems to get it! America is in a recession, not headed for one… What recovery are these people talking about? Here’s another economic spin from someone who should know better. Billionaire Warren Buffett says it’s unlikely that the U.S. economy will fall into another recession, calling the chances “very low.” Buffett, the chairman […]

Pandora Reports Better Than Expected Revenue

Pandora Reports Better Than Expected Revenue

(Oakland, CA)  –  The online music service Pandora is finding financial success that’s better than expected.  Pandora reported yesterday that total revenue for the first quarter of this year was up 58-percent.  The company based in Oakland, California has been operating for a decade without seeing a profit but now expects revenue this year to […]

Americans Getting By On Credit Cards

Americans Getting By On Credit Cards

Millions of Americans are turning to credit cards to make ends meet.  A new report from the think tank Demos shows that over the past year, 40-percent of low- and middle-income households used credit cards to pay basic expenses such as rent, mortgages, groceries, utilities and insurance.  A senior policy analyst for the organization, Amy […]

Senate Probes JP Morgan Trading Flap

Senate Probes JP Morgan Trading Flap

(Washington, DC)  –  Lawmakers in the Senate are looking into JP Morgan’s recent two-billion-dollar trading flap.  In a hearing of the Senate Banking Committee, top federal regulators said they first learned about the flap through the media.  The company recently acknowledged losing two-billion dollars in trading ventures, sending shockwaves through Wall Street.  South Dakota Democrat […]

Big-beer company’s move points to improved economy

Big-beer company’s move points to improved economy

Another sign that Albuquerque’s economy may be recovering from the recession – the biggest industrial construction project in years. Admiral Beverage Corporation, a major beer and soft drink distributor, plans to build a new 219,000 square-foot warehouse at Rio Bravo and Prince in the South Valley. It will be the biggest industrial construction job since […]

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