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After IPO, Facebook will face new profit pressures

February 4, 2012

For all the huge numbers in Facebook’s IPO papers, a surprisingly small figure stands out: $4.39, the amount the site generated per user last year.
It’s […]

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Homebuilders see stable housing market ahead

February 3, 2012

The CEOs of some of the nation’s biggest homebuilding companies say the housing market appears to have stabilized.
But they are careful not to be overly […]

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EU leaders pledge to stimulate growth, create jobs

January 31, 2012

In a tacit acknowledgment that their exclusive focus on austerity has had painful side effects, European leaders have promised to stimulate growth and create jobs.
Heads […]

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Boeing 4Q profit up but expected defense cuts to hurt 2012 earnings

January 26, 2012

Quicker deliveries of Boeing’s commercial airplanes helped it report a 20-percent jump in fourth-quarter profits, and offset sluggish growth in its defense business.
However, its shares […]

management, online - Comments closed

India Unexpectedly Cut Reserve Ratio as BRIC Nations Act to Protect Growth - Bloomberg

January 24, 2012

India

economics, finance - Comments closed

Consumer bureau’s jobs No. 1, 2 and 3

January 17, 2012

The Consumer Financial Protection Bureau’s new director — armed with the bureau’s full powers — has set his top priorities for what to do […]

banks, credit cards - Comments closed

Canadians plan to top up RRSPs despite tough economy

January 3, 2012

TORONTO

Uncategorized, uk - Comments closed

Gift cards will extend retail’s holiday cheer

December 29, 2011

A resurgent demand for gift cards may extend retailers’ holiday cheer well into January.
Gift card spending rose to nearly 18 percent of total holiday spending […]

loans, money - Comments closed

Boehner: House will reject 2-month payroll tax cut

December 25, 2011

%3Cp%3EThe+House+intends+to+vote+down+a+bipartisan+two-month+extension+of+the+payroll+tax+cut+that+has+cleared+the+Senate+and+is+backed+by+President+Barack+Obama%2C+and+request+immediate+negotiations+on+a+full-year+renewal%2C+Speaker+John+Boehner+said+Monday.%3C%2Fp%3E+%09%3Cp%3E%22It%27s+time+to+stop+the+nonsense.+We+can+resolve+these+differences+and+we+can+do+it+in+a+way+that+provides+certainty+for+job+creators+and+others%2C%22+Boehner+said+at+a+news+conference%2C+although+he+provided+no+estimate+on+how+long+it+might+take+to+produce+a+compromise.%3C%2Fp%3E+%09%3Cp%3EWithout+action+by+Congress%2C+both+the+payroll+tax+cut+and+a+program+for+long-term+unemployment+benefits+will+expire+on+Jan.+1.%3C%2Fp%3E+%09%3Cp%3EHouse+Majority+Leader+Eric+Cantor%2C+R-Va.%2C+said+lawmakers+would+not+let+the+tax+increase+kick+in+but+he+did+not+say+how+they+would+resolve+the+dispute.%3C%2Fp%3E+%09%3Cp%3E%22In+this+tough+economy%2C+middle+class+Americans+need+to+know+that+their+taxes+won%27t+be+going+up+at+any+point+next+year.%2C%22+Cantor+said+in+a+statement.+%22We+are+going+to+stay+here+and+do+our+work+until+we+guarantee+that+no+one+faces+a+tax+increase+in+the+year+ahead.%22%3C%2Fp%3E+%09%3Cp%3EThe+leaders%27+comments+came+after+a+chaotic+weekend+in+which+Senate+leaders+first+failed+to+agree+on+a+full-year+bill%2C+then+coalesced+around+the+two-month-extension+that+passed+overwhelmingly%2C+only+to+spark+a+revolt+among+GOP+conservatives+in+the+House.%3C%2Fp%3E+%09%3Cp%3EThere+was+no+immediate+reaction+from+either+the+White+House+or+leaders+in+the+Senate%2C+which+adjourned+for+the+year+on+Saturday+shortly+after+approving+its+version+of+the+bill.%3C%2Fp%3E+%09%3Cp%3EThe+revolt+of+the+rank+and+file+placed+Boehner+and+Republicans+in+a+difficult+position%2C+just+as+it+appeared+they+had+outmaneuvered+Obama+by+assuring+that+the+legislation+would+require+him+to+make+a+swift+decision+on+construction+of+a+proposed+oil+pipeline.%3C%2Fp%3E+%09%3Cp%3EObama+had+announced+he+would+put+off+the+issue+until+after+the+presidential+election+in+2012+rather+than+decide+the+fate+of+a+project+that+divided+usual+Democratic+allies+_+environmentalists+opposed+and+several+labor+unions+in+favor.%3C%2Fp%3E+%09%3Cp%3EIn+a+television+interview+shortly+before+Boehner%27s+news+conference%2C+White+House+communications+director+Dan+Pfeiffer+accused+Boehner+of+reversing+his+position+on+the+two-month+measure+because+of+a+%22tea+party+revolt.%22%3C%2Fp%3E+%09%3Cp%3EBoehner%2C+R-Ohio%2C+said+he+had+not+changed+his+view+on+the+bill.%3C%2Fp%3E+%09%3Cp%3E%22I+raised+concerns+about+the+two-month+process+from+the+moment+I+heard+about+it%2C%22+he+said.%3C%2Fp%3E+%09%3Cp%3EHe+called+on+members+of+the+Senate+to+%22put+their+vacations+on+hold%22+and+return+to+forge+a+compromise.%3C%2Fp%3E+%09%3Cp%3EObama+has+said+repeatedly+that+Congress+should+not+quit+for+the+year+until+the+tax+cut+has+been+extended%2C+and+has+said+he+would+postpone+a+planned+Hawaiian+vacation+until+the+bill+is+finished.%3C%2Fp%3E+%09%3Cp%3EGOP+leaders+planned+House+votes+on+the+payroll+measure+for+Monday+evening.%3C%2Fp%3E+%09%3Cp%3EWithout+congressional+action%2C+the+payroll+tax+paid+by+160+million+workers+would+rise+2+percentage+points+on+Jan.+1+_+a+boost+that+Democrats+eagerly+said+would+be+the+GOP%27s+fault.+The+brinksmanship+is+a+familiar+pattern+this+year+between+the+two+parties%2C+who+have+narrowly+averted+a+federal+default+and+several+government+shutdowns+in+past+fights.%3C%2Fp%3E+%09%3Cp%3EExtending+the+payroll+tax+cut+and+jobless+benefits+have+been+a+keystone+of+Obama%27s+and+congressional+Democrats%27+effort+to+spur+a+revival+of+the+flaccid+economy.+Congressional+Republican+leaders+also+say+they+support+the+idea%2C+but+some+of+their+rank-and-file+remain+unconvinced%2C+saying+the+unemployment+coverage+is+too+generous+and+that+cutting+the+payroll+tax+does+not+create+jobs.%3C%2Fp%3E+%09%3Cp%3EThe+Senate+bill+would+cut+the+payroll+tax%2C+extend+jobless+benefits+and+avoid+cuts+in+Medicare+payments+to+doctors+through+February.+Both+sides+say+they+want+to+renew+all+three+for+a+full+year%2C+but+bargainers+have+so+far+failed+to+agree+on+how+to+pay+for+a+package+that+size%2C+which+could+cost+roughly+%24200+billion.%3C%2Fp%3E+%09%3Cp%3EThe+White+House%27s+Pfeiffer+said+there+was+still+an+opportunity+for+House+Republicans+to+avoid+triggering+a+tax+increase+and+for+the+chamber+to+pass+the+Senate-approved+two-month+extension.%3C%2Fp%3E+%09%3Cp%3E%22You+only+need+a+couple+dozen+Republicans+to+do+it%2C%22+Pfeiffer+said.+%22I+find+it+inconceivable+that+you+can%27t+get+a+couple+dozen+Republicans+to+vote+for+a+tax+cut+for+the+middle+class.%22%3C%2Fp%3E+%09%3Cp%3EAfter+Senate+Majority+Leader+Harry+Reid%2C+D-Nev.%2C+and+Minority+Leader+Mitch+McConnell%2C+R-Ky.%2C+struck+a+deal+on+their+two-month+bill+Friday+night%2C+McConnell+expressed+optimism+that+Congress+would+approve+it+and+lawmakers+would+revisit+the+battle+in+February.%3C%2Fp%3E+%09%3Cp%3EThey+expressed+their+views+a+day+after+House+GOP+lawmakers+on+a+conference+call+voiced+vehement+opposition+to+the+Senate+bill%2C+saying+it+lacked+serious+spending+cuts.+They+also+said+they+were+tired+of+their+leaders+striking+compromises+and+not+battling+harder+for+their+positions%2C+according+to+several+participants.%3C%2Fp%3E+%09%3Cp%3EBoehner+did+not+specify+the+changes+he+would+like+in+the+bill%2C+but+touted+%22reasonable+reductions+in+spending%22+and+language+blocking+some+Obama+administration+anti-pollution+rules+in+a+yearlong+payroll+tax+bill+the+House+approved+last+week.+That+bill+covered+its+costs+by+carving+savings+from+federal+workers%2C+higher-income+Medicare+recipients%2C+fees+paid+to+insure+mortgages+and+elsewhere.%3C%2Fp%3E+%09%3Cp%3EReid+and+Schumer+said+Sunday+that+Boehner+had+asked+McConnell+and+Reid+to+negotiate+a+compromise%2C+seemingly+suggesting+that+Boehner+had+walked+away+from+a+deal.+Republicans+said+that+is+untrue+and+said+the+House+GOP+played+no+role+in+last+week%27s+bargaining+between+the+Senate+leaders.%3C%2Fp%3E+%09%3Cp%3EMcConnell+offered+support+for+Boehner+Sunday.+His+spokesman%2C+Donald+Stewart%2C+said+the+best+way+to+%22provide+certainty+for+job+creators%2C+employees+and+the+long-term+unemployed+is+through+regular+order%22+_+a+term+used+to+describe+the+normal+process+of+negotiations+between+the+House+and+Senate.%3C%2Fp%3E+%09%3Cp%3EThe+Senate+bill+also+includes+a+provision+dear+to+Republicans+that+would+force+Obama+to+approve+a+proposed+Canada-to-Texas+oil+pipeline+within+60+days+unless+he+declares+the+project+would+damage+the+national+interest.%3C%2Fp%3E+%09%3Cp%3EObama+had+previously+said+he+would+make+no+decision+on+the+Keystone+XL+pipeline+until+2013%2C+allowing+him+to+wait+until+after+next+November%27s+elections+to+choose+between+two+Democratic+constituencies%3A+unions+favoring+the+project%27s+thousands+of+jobs+and+environmentalists+opposed+to+its+potential+pollution+and+massive+energy+use.+Obama+initially+threatened+to+kill+the+payroll+tax+bill+if+it+included+the+pipeline+language+but+eventually+retreated.%3C%2Fp%3E+%3Cp%3E%3Ca+href%3D%27http%3A%2F%2Fwww.stltoday.com%2Fnews%2Fscience%2Fboehner-house-will-reject–month-payroll-tax-cut%2Farticle_3b9464ff-f206-5a2f-94df-f3b798cbcc6e.html%27+rel%3D%27nofollow%27%3ESource%3C%2Fa%3E%3C%2Fp%3E+

economics, money - Comments closed

Etihad buys 12 more Boeing jets in $2.8B deal

December 12, 2011

Fast-growing Gulf carrier Etihad Airways said Monday it is buying 10 more of Boeing’s new 787-9 planes, making it the largest airline customer for that […]

banks, business - Comments closed