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Source: articles.moneycentral.msn.com --- 16 hours ago
NEW YORK (AP) - JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. Recession is just beginning. ... Source: news.yahoo.com --- 15 hours ago
Recession is a dirty word especially in the porn industry. Sales of videos are down double digits for the first time in 40 years. Some believe that a decline in this once Recession-proof business, could be an indication of a decline in overall consumer confidence. ... Source: www.iht.com --- 6 hours ago
The U.S. auto industry is in a Recession, but General Motors Corp. has prepared for it by cutting costs and rolling out new products, GM's president and chief operating officer said Tuesday. ... Source: money.cnn.com --- 3 hours ago
In this tough selling environment, Wal-Mart's business is quite literally going to the dogs. And to a few cats as well. ... Source: money.cnn.com --- 3 hours ago
In this tough selling environment, Wal-Mart's business is quite literally going to the dogs. And to a few cats as well. ... Source: blogs.wsj.com --- 4 hours ago
The 10-year note is at its highest yield since February. The sum total of the words out of the myriad talking Feds that took the podium Tuesday was that the economy remains fraught with peril, but it no longer appears to be sliding into a crevasse, or something of that sort. April’s retail-sales data highlighted American [...] ... Source: blogs.zdnet.com --- 15 hours ago
Amidst the PR blitz and the blizzard of 1:1 meetings that constitute the foreground experience of SAP’s Sapphire user conference this week (see Larry’s coverage here, and Dennis’ coverage here), there’s an interesting back story emerging. If you look at SAP’s last quarter, and believe the formal and informal guidance they’re making about the current [...] ... Source: prweb.com --- 10 hours ago
3,000+ CyberLearning IT and business courses available to job seekers, employees, students and teachers through June 30, 2008 (PRWeb May 13, 2008) Read the full story at http://www.prweb.com/releases/education/scholarship/prweb934464.htm ... Source: www.prweb.com --- 15 hours ago
Business trend alert: Florida companies racing to keep pace with an ever-changing business landscape will appreciate a new program introduced today by Orlando's Gaylord Palms Resort & Convention Center. The program - called Deep Dive Breakaways - is not your ordinary executive retreat, but a "turn-key" program for off-site brainstorming and strategy sessions. (PRWeb May 13, 2008) Read the full story at http://www.prweb.com/releases/brainstorming/Orlando/prweb938184.htm ... Source: www.pbs.org --- 17 hours ago
The credit crunch is nearly over. So says JPMorgan Chase. But the bank says it's going to take a while to finish its takeover of Bear Stearns. ... Source: www.freep.com --- 8 hours ago
While debate continues over whether the U.S. economy is in a Recession, General Motors Corp. President Fritz Henderson said today that there's no question the U.S. auto industry is in a Recession. ... Source: weblogs.baltimoresun.com --- 14 hours ago
Here's JPMorgan Chase's Jamie Dimon, speaking at a conference today: JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. Recession is just beginning. "Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad Recession," said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent collapse of the U.S. mortgage market. "The Recession just started." "We don't know if it's going to be mild or severe," he continued, speaking at a conference in New York hosted by Swiss bank UBS AG. "We're thinking there's a third of a chance that it's going to be pretty bad ... closer to the 1982 Recession than the very mild recessions we had in 2001 and 1990." Dear Mr. Dimon: If the Recession gets as bad as the 1982 downturn, the problems in the credit markets will not turn out to have been three-quarters over. ... Source: seekingalpha.com --- 10 hours ago
Hickey and Walters ( Bespoke ) submit: Bloomberg's monthly survey of economists was released on Friday, and the collective odds for a Recession over the next 12 months dropped to 55% from 70% in April. Below we provide a chart of Recession odds from the monthly Bloomberg economist survey versus the Intrade contract for a Recession in 2008 going back to the start of the year. The Intrade contract most recently traded at 27.3, which is down from a reading of 72.9 last month. It's noteworthy that the Recession has to occur in 2008 for the Intrade contract, while it's over the next 12 months for the economist survey. But it still highlights that economists and traders have both become more skeptical of an actual Recession, with traders more so than economists. Complete Story » ... Source: www.detnews.com --- 7 hours ago
DETROIT -- General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a Recession. ... Source: advice.cio.com --- 10 hours ago
While it's not here yet, 9 out of ten economists agree…it's coming. It's likely to be official by the end of summer. How will this affect your career plans? read more ... Source: www.wxyz.com --- 6 hours ago
General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a Recession. ...
Source: www.bignewsnetwork.com --- 5 hours ago
DETROIT -- General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a Recession. The automaker's No. 2 executive said Tuesday GM is selling below trends for the t... ... Source: jan.freedomblogging.com --- 3 hours ago
The National Bureau of Economic Research may not have put the official Recession label on the U.S. economy yet, but the Milken Institute, a Santa Monica economic think tank, says the Recession is here. And California will be hit harder than other states, the institute says, for three reasons: high concentration of mortgage originations, both traditional [...] ... Source: www.lansingstatejournal.com --- 6 hours ago
DETROIT - General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a Recession. ... Find more search results for Recession on RSSMicro.com |
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RALEIGH, N.C. — The catering business isn’t what economists would call “Recession-proof.” Luckily for J.W. Walton, most of his biggest clients are. ...