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Thursday, November 15, 2012

Financial news: 11/15/2012

BusinessWeek: Retailers are losing money via online deals
BLS: U.S. poverty rate for '09-'11 was 15.8% per Commerce Dept.
Bloomberg: College professors question rising administration costs
Reuters: Texas Instruments to cut 5% of its workforce for earnings
CNBC: BofA Mortgage relief loan officer to customer ratio 70:1
BLS: Jobless claims 11/10 ↑ 78K to 439K; avrg ↑ 11.75 to 383.75K
MN: Fed policy ineffective against Fiscal Cliff per Dallas Fed Pres.
BLS: Finished goods prices rose .3% in October
Commerce Dept.: Adjusted October retail trade sales down .3%
NYT: Stocks fell sharply on Wednesday; possible correlation to tax
CNN: Higher taxes for rich not ideal, but necessary per Buffett
Fox Business: U.S. credit rating at risk via fiscal policy & budget
BBC: Greek economy shrank 7.2% in Q3, 2012, .9% more than Q2
AP: Hundreds of thousands protest European austerity via strikes
NASDAQ: Eurozone has been in recession for at least a year

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