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US Unemployment Insurance Weekly Claims Report

Posted by Forexsq 4 days ago (http://www.dol.gov)
img forexsq.com - The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 5, unchanged from the prior week's revised rate. The advance number of actual initial claims under state programs, unadjusted, totaled 322,821 in the week ending May 12, a decrease of 18,259 from the previous week. There were 361,573 initial claims in the comparable week in 2011. The to
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Jobless Claims in U.S. Were Unchanged at 370,000 Last Week

Posted by Forexsq 4 days ago (http://www.bloomberg.com)
img forexsq.com - More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is making little progress.

Jobless claims were unchanged at 370,000 in the week ended May 12, Labor Department figures showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg News called for a drop in claims to 365,000. The number of people o
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Obama, Hollande to press euro crisis remedies at G8

Posted by Forexsq 3 days ago (http://www.reuters.com)
img forexsq.com - U.S. President Barack Obama will seek to cement a bond with France's new leader at the White House on Friday before heading to Camp David for a G8 summit where he is set to press Europe to do more to fix the region's deepening economic crisis.

Francois Hollande, sworn in this week as French president, has already made waves by challenging Europe's austerity focus and saying he wi
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Facebook Prices Its IPO at $38

Posted by Forexsq 3 days ago (http://online.wsj.com)
img Forexsq.com - Facebook priced its initial public offering at $38 a share, a move that values the Internet company at more than $100 billion. It tried floating higher numbers to investors but was rebuffed.

The social network priced at the top end of the range it set earlier this week, when it said it would price its IPO at $34 to $38 a share from $28 to $35 a share, in a sign of the tremendous
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Euro crisis: Should I cancel my vacation?

Posted by Forexsq 3 days ago (http://edition.cnn.com)
img forexsq.com - In the last decade of the 20th century, the Turkish lira fell in value 1,000 times against the U.S. dollar, meaning that tourists returning to that country after several years found that any old money they still possessed since their last visit had become almost worthless.

Now as fears grow about whether Greece will stay in the euro, and the possible domino effect this could caus
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JPMorgan CIO Risk Chief Said to Have Trading-Loss History

Posted by Forexsq 18 hours ago (http://www.bloomberg.com)
img forexsq.com - Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. unit that suffered more than $2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory sanction at the firm, Cantor Fitzgerald LP, three people with direct knowledge of the matter said.

JPMorgan appointed Goldman in February as the top risk official in i
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Gross domestic product of German economy clearly up in 1st quarter of 2012

Posted by Forexsq 6 days ago (https://www.destatis.de)
img forexsq.com - The German economy has returned to its growth curve: In the first quarter of 2012, gross domestic product (GDP) rose 0.5% – upon price, seasonal and calendar adjustment – on the previous quarter, as reported by the Federal Statistical Office (Destatis). In the last quarter of 2011, German GDP had suffered the first slight dip (–0.2%) since the 2009 economic crisis.

In a year-on-y
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Apple Founder Wozniak to Buy Facebook Regardless of Price

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img forexsq.com - Apple Inc. co-founder Steve Wozniak said he will buy shares in Facebook Inc. when the social networking company sells stock to the public in what may be a record initial public offering for an Internet business.
Wozniak, who built the first Apple computer with Steve Jobs and co-founded the company with him in 1976, said he would buy Facebook’s stock regardless of its valuation.
F
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Jobless Claims in U.S. Fell 1,000 Last Week to 367,000

Posted by Forexsq 11 days ago (http://www.bloomberg.com)
img First-time claims for jobless benefits fell last week to a one-month low, helping allay concern that the labor market may suffer an extended setback. Jobless claims dropped by 1,000 to 367,000 in the period ended May 5, in line with the median forecast in a Bloomberg News survey and the lowest since the end of March, the Labor Department said today in Washington. The number of people on unemploym
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U.S. Millionaires Told Go Away as Tax Evasion Rule Looms

Posted by Forexsq 12 days ago (http://www.bloomberg.com)
img forexsq.com - Go away, American millionaires.

That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all sa
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Economy | u.s. millionaires american millionaire All
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New eurozone crisis looms as Spain prepares bail-out

Posted by Forexsq 13 days ago (http://www.telegraph.co.uk)
img forexsq.com - Prime minister Marian Rajoy indicated the Government was ready to intervene to save banks wrestling with the collapse of the housing market. Bankia, Spain's fourth biggest bank, is the first in line for state aid. Rodrigo Rato, chairman and former IMF managing director, swiftly resigned after it was disclosed the finance ministry was preparing to refinance the bank and introduce leg
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Insurance you don’t need: Skip this, buy that

Posted by Forexsq 14 days ago (http://www.marketwatch.com)
img Julie Baumann, who lives in the San Francisco Bay area, knows all too well that just because you have insurance, it doesn’t mean you are covered. After years of paying high annual premiums for pet insurance she filed a claim for surgery on her Bernese Mountain Dog. To her surprise, she was told the surgery wasn't covered and she would be stuck with the $6,000 bill.

Baumann isn't alone. Million
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Germany says renegotiating EU pact 'not possible'

Posted by Forexsq 14 days ago (http://www.france24.com)
img forexsq.com - The German government on Monday ruled out reworking the European Union's fiscal pact despite calls to do so by French president-elect Francois Hollande. "It is not possible to renegotiate the fiscal pact," government spokesman Steffen Seibert told a regular news conference. He noted that 25 of the 27 EU member states had already signed the accord imposing strict budgetary discipline
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U.S. economy creates 115,000 jobs in April

Posted by Forexsq 17 days ago (http://www.marketwatch.com)
img forexsq.com - The U.S. economy added 115,000 jobs in April as hiring slacked off for the second straight month, the government reported Friday. Economists surveyed by MarketWatch expected a 163,000 increase. The unemployment rate, meanwhile, dipped to 8.1% from 8.2%, as nearly 350,000 people dropped out of the labor force. The average work week was unchanged at 34.5 hours, while average hourly ea
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Payrolls in U.S. Rose 115,000 in April; Jobless Rate at 8.1%

Posted by Forexsq 17 days ago (http://www.bloomberg.com)
img forexsq.com - Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern the world’s largest economy may be losing speed.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed tod
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