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Year: 2013

All Year: 2013 Articles

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Reality Bites: Martha Stewart Edition

ThinkstockMartha Stewart Omnimedia Inc. (NYSE: MSO) said in a filing today that it has changed its employment agreement between the company and Martha Stewart, the company’s namesake and public persona. We suggested back in…

Paul Ausick · 13 years ago

Job Creation Remains at Five-Year High: Gallup

ThinkstockGallup’s June Job Creation Index remained equal to May’s reading of 22, the highest level since April 2008. The index for nongovernment jobs rose from a reading of 24 in May to 25 in…

Paul Ausick · 13 years ago

Crude Oil Futures Rise on Falling Inventories

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 10.3 million barrels last week, maintaining a total U.S. commercial crude inventory to 383.8…

Paul Ausick · 13 years ago

ISM Services Index Hit by Lack of New Orders

ThinkstockThis morning’s report from the Institute for Supply Management (ISM) on non-manufacturing PMI showed that the U.S. services sector is growing, but at its slowest pace in the past 12 months. The index reading…

Paul Ausick · 13 years ago

Payroll-to-Population Employment Rate Improves in June: Gallup

ThinkstockIn a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the payroll-to-population (P2P) employment rate rose from 43.9% in May to 44.8%…

Paul Ausick · 13 years ago

New Jobless Claims Below Expectations

Ed Brown, via Wikimedia CommonsNew claims for unemployment benefits fell from 348,000 to 343,000 last week, according to the weekly report from the U.S. Department of Labor. The consensus estimate called for a drop…

Paul Ausick · 13 years ago

May U.S. Trade Deficit Rises Sharply

ThinkstockThe U.S. Census Bureau and the Bureau of Economic Analysis reported this morning that the U.S. trade deficit for May totaled $45 billion, up from a revised $40.1 billion in April. That is a…

Paul Ausick · 13 years ago

YuMe Digital Advertising Player Files for IPO

ThinkstockYume Inc. has filed to come public via an initial public offering (IPO). No terms have been set other than that the original filing is for up to $65 million in common stock. Citigroup and…

Jon C. Ogg · 13 years ago

ADP Reports Job Growth More Than Expected

ThinkstockU.S. private employers added 188,000 new jobs in the month of June, according to today’s report from ADP. That is significantly better than the revised total of 134,000 in May and better than a…

Paul Ausick · 13 years ago

Chesapeake Energy Sells More Assets

ThinkstockSo far in 2013, Chesapeake Energy Corp. (NYSE: CHK) has fired its founder and sold off about $3.6 billion more in oil and natural gas assets as the company tries to get on a…

Paul Ausick · 13 years ago

Employers Cut 260,000 Jobs in First Half of 2013

ThinkstockThe number of jobs cut in the first six months of this year total 258,932, according to the latest report from outplacement firm Challenger Gray & Christmas. The total is 8.5% lower than the…

Paul Ausick · 13 years ago

Rising Mortgage Loan Rates Weigh on Refinancing, New Purchases

ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 11.7% in the group’s seasonally adjusted composite index, following a drop of 3% for the previous…

Paul Ausick · 13 years ago

Why Friday’s June Unemployment Report Already Looks Sloppy

Photo by Spencer Platt/Getty ImagesThe Labor Department report on Friday is going to be a very interesting. Investors and traders, and the public for that matter, have to worry about the real unemployment report…

Jon C. Ogg · 13 years ago