InterestDigest.com

Stocks open lower after dismal jobs report

L.A. Times - Business — Fri, 05 Dec 2008 16:47:00 +0000

The sell-off is relatively subdued after the Labor Department reports the heaviest job losses in 34 years.

Stock prices fell this morning after the Labor Department reported the heaviest job losses in 34 years, but the decline was relatively muted given that layoffs were far higher than predicted.

533,000 jobs lost in November — most in more than 30 years

L.A. Times - Business — Fri, 05 Dec 2008 16:20:00 +0000

Labor Department statistics show that U.S. employers have cut 1.2 million jobs in the last three months. 'This was much worse than was expected,' one analyst says.

The bottom fell out of the job market last month, with businesses laying off a staggering 533,000 workers -- many more than even gloomy economists predicted. It was the worst one-month decline in more than 30 years, the government reported today.

Home loan troubles break records again

L.A. Times - Business — Fri, 05 Dec 2008 15:41:00 +0000

WASHINGTON -- A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy.

Employers cut 533K jobs in Nov., most in 34 years

L.A. Times - Business — Fri, 05 Dec 2008 14:15:00 +0000

WASHINGTON -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.

Wall Street on edge ahead of unemployment report

L.A. Times - Business — Fri, 05 Dec 2008 12:21:00 +0000

NEW YORK -- Wall Street was on edge Friday as investors waited to learn how many jobs were lost as employers slashed their payrolls in November. Stock index futures were trading moderately lower.

Scooters may steal the show

L.A. Times - Business — Fri, 05 Dec 2008 10:40:15 +0000

Motorcycle exhibition this weekend in Long Beach will pay special attention to riders who value economy over power.

The 28th annual International Motorcycle Show, rolling into the Long Beach Convention Center today, caters to the crowd that wants its bikes bigger, better and faster. But, in a nod to changing times, there's a new feature this year: a scooter pavilion.

AMD expects 25% drop in sales in third quarter

L.A. Times - Business — Fri, 05 Dec 2008 08:00:00 +0000

TECHNOLOGY AMD cuts sales forecast for quarter

Scooters may steal motorcycle show spotlight

L.A. Times - Business — Fri, 05 Dec 2008 08:00:00 +0000

The event in Long Beach will pay special attention to riders more interested in economy than muscle.

The 28th annual International Motorcycle Show, rolling into the Long Beach Convention Center today, caters to the crowd that wants its bikes bigger, better and faster. But, in a nod to changing times, there's a new feature this year: a scooter pavilion.

MannKind says no adverse lung effects from insulin inhaler

L.A. Times - Business — Fri, 05 Dec 2008 08:00:00 +0000

An executive says the company expects to apply for FDA approval to sell the diabetes treatment device next year.

MannKind Corp., the company staking its future on inhaled insulin, said Thursday that its drug didn't cause adverse lung effects in the last studies for U.S. regulatory approval.

Toy makers settle lawsuit over lead content

L.A. Times - Business — Fri, 05 Dec 2008 08:00:00 +0000

Mattel and eight other companies agree to pay $1.8 million and to comply with new federal lead limits.

Mattel Inc. and eight other toy makers Thursday agreed to pay $1.8 million and accelerate reductions in the levels of toxic lead in consumer products to settle an environmental lawsuit brought by the state and the city of Los Angeles.