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Daily News Briefs: May 3, 2012
KickingTiresHere's what we have our eye on today: GM filed its ninth consecutive quarter of profits, announcing first-quarter net earnings of $1 billion today. Still, that's about 69% less than first-quarter profits a year ago, The Detroit News reports. The......Tags: BMW, Volkswagen, Mercedes-Benz, Jeep, Vehicles
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WaMu thunderclap in economic storm
The Swampby Frank James It wasn't a surprise that Washington Mutual, better known as WaMu, failed. For months It's been the thrift institution equivalent of a dead-man walking, finally being put to death by a run by its depositors, making it......Tags: Brooklyn (New York City), Politics, New York, Mortgages, JPMorgan Chase & Co.
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Kodak moment: Click, no smiles here
The Swampby Mark Silva Here's a Kodak moment: Eastman Kodak said today that it is cutting 3,500 to 4,500 jobs -- 14 to 18 percent of its already pared work force, following the posting of a $137 million fourth-quarter loss. The......Tags: Barack Obama, IBM, Honeywell International Incorporated, Business Enterprises, Employees
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AIG gets $30 billion more in bailout funds
The Swampby Frank James Another day, another massive taxpayer-funded cash infusion into a financial giant. American International Group or AIG, the large insurance company deemed too big to fail because of its extensive linkages throughout the global financial...Tags: Bankruptcy, Federal Reserve, Politics, Insurance, American International Group
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Obama cracks down on plastic peddlers
The Swampby Rebecca Cole President Barack Obama today met with several banking executives to issue a warning that deceptive credit card marketing practices and the gouging of consumers through constant fee hikes will not be tolerated. Obama underscored the...Tags: Federal Reserve, Barack Obama, Consumers, Laws, White House
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GM to Start Repaying Government Loan Next Month
KickingTiresIn a surprising but welcome turn, GM will begin repaying its debt to the U.S. government next month, which is years ahead of schedule. Despite posting a $1.15 billion third-quarter loss, the automaker has performed better than expected after cutting......Tags: Germany, The Washington Post, Automotive Equipment
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Fears crawl into minds of investors
Call it the "cockroach theory." It's the assumption among investors that if one cockroach takes you by surprise, there are more to come, even if you see no sign of another at the moment. You apply the same thinking to investing as you apply at home....Tags: Loans, Federal Reserve, Interior Policy, Finance, Politics
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Homebuilders gain from shortage of existing inventory
It's been a long time since Wall Street analysts were on conference calls with publicly traded homebuilders, congratulating executives on a great quarter. But that's what's been happening, as one publicly held national homebuilder after another has...
Tags: Employment, Labor Markets, Ryland Group Incorporated, Career and Workplace, Employment Opportunities
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MarksJarvis: Nearing record high, market sees growing disconnect with tepid economy
Corporate earnings reports have pacified investors this week after a bout of selling followed renewed concerns about a global slowdown last week. It's not that companies have provided dazzling first-quarter results. Many are continuing to make their...Tags: Federal Reserve, Earnings, Aerospace Manufacturing, CNBC (tv network), JPMorgan Chase & Co.
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How Apple invites facile analysis
For those of us not directly invested in Apple, the stock's trajectory over the last six months has been a thrill ride to rival anything you'll find at Magic Mountain. Since hitting an all-time peak of $705 in mid-September, the shares have been on a...Tags: Chevron Corportion, Steve Jobs, CNBC (tv network), Petroleum Industry, New Products
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Dow hits 5-year high, closing above 14,000
You'd hardly think a 7.9 percent unemployment rate and a negative GDP report would signal a Goldilocks economy and drive the Dow Jones industrial index over the 14,000 mark for the first time since October 2007. But the Dow climbed Friday to 14,009...
Tags: Economic Indicator, Consumer Confidence, Federal Reserve, Finance, Petroleum Industry
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MarksJarvis: With stocks riding high, some analysts say 'buy'
The stock market is at a five-year high after gaining 13.4 percent last year and carrying investors on a remarkable four-week run so far in 2013. With the Standard & Poor's 500 index up 5 percent in less than a month, investors are torn between...
Tags: Finance, Stock Market, Consumers, China, Mutual Funds
May 3, 2012
|Blog| Cars.com
Sep 26, 2008
|Blog| Chicago Tribune
Jan 29, 2009
|Blog| Chicago Tribune
Mar 2, 2009
|Blog| Chicago Tribune
Apr 23, 2009
|Blog| Chicago Tribune
Nov 16, 2009
|Blog| Cars.com
Jul 9, 2007
|Column| Chicago Tribune
May 3, 2013
|Column| Chicago Tribune
Apr 24, 2013
|Column| Chicago Tribune
Mar 22, 2013
|Column| Los Angeles Times
Feb 2, 2013
|Column| Chicago Tribune
Jan 27, 2013
|Column| Chicago Tribune
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