February 1st, 2010
AmerenUE’s 1.2 million Missouri electricity customers will see a new charge on bills because of higher fuel costs.
The average monthly increase for residential customers is 15 cents. The exact amount will vary by household and by month depending on electricity usage.
The charge reflects a $19.8 million rise in the utility’s fuel and purchased power costs from June to September and will appear on […]
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Filed under: management by Guru
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January 15th, 2010
A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing.
The Dow Jones industrial average (INDU) added 11 points, or 0.1%. The S&P 500 index (SPX) gained 3 points, or […]
Filed under: economics by Guru
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January 11th, 2010
The U.S. unexpectedly lost 85,000 jobs in December, supporting Federal Reserve forecasts that a labor market recovery will take time and making it more likely interest rates will stay near zero for the next six months.
Payrolls fell last month after a revision showed a gain of 4,000 in November, the first in almost […]
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December 14th, 2009
New Zealand’s central bank may raise its benchmark interest rate as early as March as a surging housing market stokes consumer spending and fans inflation, according to economists and traders.
Reserve Bank Governor Alan Bollard yesterday said he may raise the official cash rate from a record-low 2.5 percent “around the middle of 2010” […]
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December 12th, 2009
Grocery workers at Fry’s Food stores and Safeway supermarkets have approved a new labor deal with management.
Fry’s parent company Kroger Co. and the United Food and Commercial Workers Union announced results of grocery employee votes Friday.
The deal resolved disputes regarding health care premiums and pay levels. Fry’s has 13,000 employees in Arizona. Safeway has about […]
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November 30th, 2009
Crowded parking lots around the Phoenix area followed the Black Friday trend nationwide, but the National Retail Foundation reports although there were more shoppers hunting for bargains, they spent less this year.
The NRF released its annual survey Sunday showing 195 million shoppers visited stores and Web sites over the holiday weekend, up from 172 million […]
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November 27th, 2009
The United States’ pattern of consumption funded by credit has an impact on its currency’s exchange rate, ECB’s governing council member Nout Wellink said on Thursday.
“The sub prime crisis was an expression of living above its means. That then translates into the exchange rate versus foreign currencies,” Wellink said during a symposium of the […]
Filed under: economics by Guru
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November 21st, 2009
Torstar Corp.’s board of directors unanimously confirmed David Holland as president and chief executive officer on Thursday.
Holland, a chartered accountant who has worked for Torstar since 1986, had held the position on an interim basis since May.
Torstar owns the Toronto Star and thestar.com, as well as Harlequin Enterprises, Torstar Digital, Metroland Media Group and […]
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November 19th, 2009
California Attorney General Edmund Brown said he has reached a billion-dollar settlement with a major bank over securities fraud charges.
Brown said in an advisory he will hold a news conference at 1 p.m. eastern time. He did not name the bank.
The settlement is expected to recoup hundreds of millions of dollars for California investors, […]
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November 14th, 2009
AIG Chief Executive Robert Benmosche told his staff on Wednesday that he is "frustrated" with ongoing discussions with the government about bonuses, but he will remain with the company.
Benmosche said in a memo to employees that he remains "totally committed to leading AIG through its challenges," even though he is exasperated by "the time […]
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