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| As jobless rate remains high at 10%, here's the good -- and bad -- news
December 5, 2009 at 11:45 am
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| Filed under: Economy, Google  With Friday's jobs report showing that U.S. employers cut 11,000 jobs -- 114,000 fewer than expected, the data is the latest to suggest that the economy is getting worse more slowly than in March. But, as President Obama noted Thursday, to really rebound, the economy needs a virtuous cycle and then "the recovery starts to feed on itself." Much of the improvement in the economy may be a testimony to the economic policies of people like Jason Furman, deputy director of the President's Council of Economic Advisors, who I worked with in the 2004 presidential campaign, and remains focused on job creation. However, along with the recovery, there are significant costs. Continue reading As jobless rate remains high at 10%, here's the good -- and bad -- news As jobless rate remains high at 10%, here's the good -- and bad -- news originally appeared on DailyFinance on Sat, 05 Dec 2009 11:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Apple buys Lala, 'cloud' provider of music
December 5, 2009 at 11:30 am
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| Filed under: Company News, Technology, Apple  Consumer technology giant Apple (AAPL) has taken a big step into the Internet "cloud" by purchasing streaming music company Lala, a deal that some industry experts value at under $35 million. According to The Wall Street Journal, Apple, which already commands a big share of the music industry with its iTunes music service, "could either find a way to adapt Lala's Web song offerings or it could incorporate the startup's technology in a subscription service of some kind." Lala currently allows its customers to rent songs at $0.10 each to be streamed to their handsets. Apple's iTunes allows customers to buy songs and download them to their computers or iPods. Once the iTunes user has the songs, and in some cases movies, he owns them forever. The model has done well, but it's incomplete. Many people want to stream music any place and any time to any connected device. That allows digital consumers to rent music, which is then sent to them over the Internet "cloud" where it is stored on remote servers.
Continue reading Apple buys Lala, 'cloud' provider of music Apple buys Lala, 'cloud' provider of music originally appeared on DailyFinance on Sat, 05 Dec 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| If you decide to bet on gold, be sure to pick the right investment vehicle
December 5, 2009 at 10:15 am
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| Filed under: Investing, ETFs  As gold catapulted to another record high last week on its run to who knows how high, some investors may be wondering if buying in now will leave them enough room to make a profit on their investment. While analysts and traders are telling anyone who will listen that gold is heading higher still, individual investors should be aware of gold's volatility as an investment. Diversifying a portfolio with gold may not make sense for everyone.
If you listened to Wall Street this week, gold sounds like an investment no-brainer. On CNBC's SquawkBox Wednesday, Lou Grasso, a gold trader at Millenium Futures and Peter Schiff, president of Euro Pacific Capital were bullish on gold. Grasso's prediction of $1,800 an ounce was characterized as "cautious" while Schiff's projection of "$5,000 an ounce before Barack Obama leaves office" (Is he suggesting 2012 or 2016?) understated as "optimistic."Continue reading If you decide to bet on gold, be sure to pick the right investment vehicle If you decide to bet on gold, be sure to pick the right investment vehicle originally appeared on DailyFinance on Sat, 05 Dec 2009 10:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| AmTrust: not your normal bank failure as 2009 total hits 130
December 5, 2009 at 9:30 am
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| Filed under: Company News, Economy  Six more banks failed based on FDIC data on December 4, including Greater Atlantic Bank, Reston, Va., Benchmark Bank, Aurora, Ill., AmTrust Bank, Cleveland, The Tattnall Bank, Reidsville, Ga., First Security National Bank, Norcross, Ga., and The Buckhead Community Bank, Atlanta, Ga. The latest collapses bring the bank failure tally to 130 for the year.
One of these, AmTrust, was no normal bank failure. The bank, which had a total of 66 branches, was closed by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. According to The Wall Street Journal, "AmTrust is the fourth-largest U.S. bank or savings institution to fail so far this year." Its branches will be taken over by New York Community Bank.
Continue reading AmTrust: not your normal bank failure as 2009 total hits 130 AmTrust: not your normal bank failure as 2009 total hits 130 originally appeared on DailyFinance on Sat, 05 Dec 2009 09:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments |
| Comcast's Brian Roberts: The low-key exec who leads a high-profile giant
December 5, 2009 at 8:00 am
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| Filed under: Company News, People, Media, General Electric , Comcast, Walt Disney  Comcast (CMCSA) CEO Brian Roberts celebrated his 50th birthday in June by competing in and finishing the Philadelphia Triathlon along with a few top lieutenants. That may be good training for the task at hand.
Roberts, 50, who announced a deal on Thursday to gain control of NBC Universal from General Electric (GE,) may become one of the most powerful media titans in U.S. history, but he's decidedly low-key. Unlike his flashier counterparts in Hollywood, Roberts (pictured, left) doesn't crave the spotlight, and sources say many Comcast employees consider him to be a nice guy (but it's easy find outsiders who have less favorable views).Continue reading Comcast's Brian Roberts: The low-key exec who leads a high-profile giant Comcast's Brian Roberts: The low-key exec who leads a high-profile giant originally appeared on DailyFinance on Sat, 05 Dec 2009 08:00:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments | | |  |
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