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Tuesday, August 19
Fred Harteis News Articles -Target quarterly profit drops 8 percent
by
maba
on Tue 19 Aug 2008 03:42 PM EDT
Fred Harteis News Articles - Target Corp reported a nearly 8 percent drop in quarterly profit on Tuesday as shoppers passed over trendy clothes and home decor in favor of everyday necessities, hurting its margins.
The No 2 U.S. discount chain behind Wal-Mart Stores Inc (WMT.N) said profit was $634 million for its second quarter that ended August 2, down from $686 million a year ago. Earnings per share rose to 82 cents from 80 cents, boosted by fewer shares outstanding in the quarter.
Analysts, on average, had ... more »
Friday, August 15
Fred Harteis News Articles - Consumers' mood improves
by
maba
on Fri 15 Aug 2008 03:39 PM EDT
Fred Harteis News Articles - Consumer confidence improved slightly in early August thanks to a drop in gasoline prices, but worries about a recession still weighed heavily on consumers' minds, according to a survey released on Friday.
The Reuters/University of Michigan Surveys of Consumers said its index of consumer confidence edged up to 61.7 in early August from 61.2 in late July. It fell short of economists' median forecast of 62.0, according to a recent Reuters poll.
The gauge looked ominous for the U.S. economy, which is dependent on ... more »
Wednesday, August 13
Fred Harteis News Articles - Oil jumps nearly $4 on U.S. inventory drop
by
maba
on Wed 13 Aug 2008 03:33 PM EDT
Fred Harteis News Articles - Oil rose nearly $4 a barrel on Wednesday after a U.S. government report showed declines in fuel and crude inventories in the world's top consumer.
U.S. crude traded up $3.87 to $116.88 a barrel by 1:35 p.m. EDT after demand concerns sent prices down to a three-month low of $112.31 during intraday activity on Tuesday. London Brent rose $3.40 to $114.55.
U.S. gasoline stocks dropped by 6.4 million barrels in the week to August 8 as refinery throughput decreased, the Energy Information Administration ... more »
Friday, August 1
Fred Harteis Economic News - Yahoo chairman defends merger stance at meeting
by
maba
on Fri 01 Aug 2008 03:43 PM EDT
Fred Harteis Economic News - Yahoo Inc tried to soothe angry investors at its annual meeting on Friday, insisting it had been serious about talks to sell itself to Microsoft Corp and that it had good growth prospects in the next three years.
Yahoo’s board "called the shots" when discussing Microsoft's proposals, including a $47.5 billion buyout bid as well as attempts to buy Yahoo's Web search business, Chairman Roy Bostock said.
There was never any doubt that directors were open to a deal with Microsoft and Bostock ... more »
Thursday, July 31
Fred Harteis News Articles - Best Part-time Jobs
by
maba
on Thu 31 Jul 2008 09:56 AM EDT
Fred Harteis News Articles – Here is a look at some of the best part-time jobs out there.
1. Pharmacy Technician
Average Salary: $12.32/hour (higher pay for weekend shifts and certified technicians)
Job Description: Techs work in hospitals, health care facilities and retail pharmacies helping pharmacists prepare prescriptions for patients.
2. Tax Preparer
Average Salary: $32.21/hour
Job Description: Tax preparers help people and businesses file their annual income taxes. They know what expenses can be deducted and what forms need to be filled according to the law.... more »
Wednesday, July 30
Fred Harteis News Articles - Questions About Money?
by
maba
on Wed 30 Jul 2008 02:32 PM EDT
Fred Harteis News Articles – Here are some questions from Student loans to Stimulus checks.
Credit unions: Safe as a banks
Credit Unions are just as safe a bet as banks are. Instead of the FDIC guarantee, you have the NCUA to back up your accounts up to the same amounts.
The NCUA stands for the National Credit Union Association. According to them, there have been six credit union failures so far this year, but as long as you have $100,000 or less in an individual account or ... more »
Tuesday, July 29
Fred Harteis Economic News- Consumer confidence halts slide; homes keep falling
by
maba
on Tue 29 Jul 2008 03:02 PM EDT
Fred Harteis Economic News - Consumer confidence halted a six-month slide in July, but barely climbed from its lowest level in more than a decade, while home prices continued their record decline in May.
The Conference Board said its overall monthly measure of consumers' mood rose to 51.9 this month -- the first increase since December -- from an upwardly revised 51.0 in June. Last month's reading was the lowest in 16 years.
U.S. home prices plunged 15.8 percent on the year in 20 leading metropolitan areas, accelerating ... more »
Monday, July 28
Harteis Biznet News Articles - Weigh in on proposed credit card laws
by
maba
on Mon 28 Jul 2008 08:42 AM EDT
Fred Harteis News Articles - Ever find yourself going off on the customer service representative after a particularly steep credit card fee or unexpected rate increase? Well now is your chance to tell those who could ultimately change credit card laws in the United States.
Members of the Federal Reserve Board have proposed rules to protect consumers from unfair credit cards practices like unexpected rate increases and double-cycle billing, among other grievances. And they want to hear from you.
But while consumers are overwhelmingly in favor of the ... more »
Friday, July 25
Fred Harteis Economic News- U.S. retailer Boscov's fights for survival: report
by
maba
on Fri 25 Jul 2008 02:05 PM EDT
Fred Harteis Economic News - U.S. department store chain Boscov's is struggling to keep itself afloat as a drop in consumer spending across the mid-Atlantic region has hammered its sales and drained its cash, The New York Post said.
About half of the major suppliers to the 97-year-old, family-owned chain have halted merchandise shipments for lack of payment, sources told The Post.
Additionally, commercial lenders including CIT Group Inc, GMAC and Milberg have stopped guaranteeing deliveries to Boscov's stores, the paper said citing sources.
Pennsylvania-based Boscov's, which ... more »
Thursday, July 24
Fred Harteis News Articles - Top 25 Things Vanishing From America
by
maba
on Thu 24 Jul 2008 02:56 PM EDT
Fred Harteis News Articles - Going, Going, Gone?
The landscape is constantly changing. As culture shifts and new technologies and products are introduced, this is to be expected. But some things are impacted more than others and the once-ubiquitous can even become extinct.
WalletPop takes a look at such things that are quickly disappearing. From honey bees to checks to bowling alleys to incandescent light bulbs, we count down 25 things you may not be able to find for very much longer.
Yellow Pages
This year will be ... more »
Wednesday, July 23
Fred Harteis Economic News -Waiters pick up part of LongHorn's labor costs
by
maba
on Wed 23 Jul 2008 02:39 PM EDT
Fred Harteis Economic News - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.
After Darden Restaurants Inc. bought LongHorn's parent company for $1.19 billion in October, it instituted what it calls "a more disciplined" tip-sharing plan — a policy servers say is cutting their earnings.
Under the program, waiters must give up a greater percentage of their total sales each shift to hosts and bartenders — ... more »
Tuesday, July 22
Fred Harteis News Articles - Wachovia, other banks post dismal results
by
maba
on Tue 22 Jul 2008 01:15 PM EDT
Fred Harteis News Articles - Wachovia Corp led several large U.S. banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs.
The record loss for Wachovia totaled $8.86 billion. Two Ohio-based regional banks, Fifth Third Bancorp and KeyCorp, also posted losses. Southeast regional banks Regions Financial Corp and SunTrust Banks Inc each said profit fell.
Wachovia and Regions also slashed their dividends, while Wachovia, Fifth Third and KeyCorp incurred charges from their tax treatment of some lease transactions.... more »
Thursday, July 17
Fred Harteis News Articles - Fannie Mae, Freddie Mac shares jump again
by
maba
on Thu 17 Jul 2008 04:00 PM EDT
Fred Harteis News Articles - Investors snapped up shares of Freddie Mac and Fannie Mae for a second day on Thursday after Freddie pulled off its second successful debt sale following Sunday's announcement of a U.S. rescue plan for the two housing finance companies.
Shares of the two pillars of the U.S. housing market surged 17 percent, adding to equally sharp gains earlier this week, helped by stronger-than-expected earnings at JPMorgan Chase & Co (JPM.N). Freddie was at $7.99 and Fannie at $10.78 in midday trading on the ... more »
Sunday, July 13
Fred Harteis News Articles -Controlling Debt
by
maba
on Sun 13 Jul 2008 06:00 PM EDT
Fred Harteis News Articles - Tops Things To Know about Controlling Debt.
1. Americans are loaded with credit card debt.
The average American household with at least one credit card has nearly $9,200 in credit card debt, according to CardWeb.com, and the average interest rate runs in the mid- to high teens at any given time.
2. Some debt is good.
Borrowing for a home or college usually makes good sense. Just make sure you don't borrow more than you can afford to pay back, and ... more »
Friday, July 11
Fred Harteis News Articles - Staying On a Budget
by
maba
on Fri 11 Jul 2008 10:00 PM EDT
Fred Harteis News Articles -Let’s talk money. I don’t know about you but, the way the economy is today more than ever I feel like I am living paycheck to paycheck. Although I am advancing in my career and making more money I am clearing spending more money. Ten years ago things seemed so much simpler. Yes, I was making less money, but I felt like I had more money. Does anyone else feel that way or just me?
Here are some simple “Budget” strategies to help ... more »
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