Big merchants got an early Christmas present this year: Better-than expected November sales. This group posted 6% sales growth compared to 2009, far ahead of most forecasts for 3% to 4% growth. But bargain-hunting is likely to continue in December.
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Initial jobless claims rose 26,000 to 436,000 in the latest week, but Labor Department officials caution that the report contains a seasonal adjustment associated with the Thanksgiving Day holiday. The more-telling four week average fell again, to 431,000.
Home sales tumbled this summer, and foreclosed properties bore the brunt of the pain. Sales of foreclosed homes plunged 31% from the year-ago period -- and 25% from the previous quarter. Prices for these properties also fell more than other homes.
When it comes to predicting the U.S. economy, who has the best crystal ball? Lou Crandall, chief economist at economic advisory firm Wrightson ICAP, according to Bloomberg Markets magazine's new list of top analysts released Thursday.
Branson, Virgin Group founder and chairman, is turning his pioneering efforts to digital publishing with the launch of Project, the first iPad-only magazine. "Because it's designed for the iPad, it's got lots of bells and whistles that magazines have never had in the past," Branson tells AOL Small Business in an interview and video.
The IAC/InteractiveCorp chief is turning over the corner office to Greg Blatt, the 42-year-old CEO of IAC's Match.com and taking the position of chairman. Also, the Internet company announced it has bought out its major stockholder, John Malone's Liberty Media.
With time running out, Gordon Murray, who was diagnosed with aggressive brain cancer, crafted some commonsense advice on financial planning and asset allocation. The ex-Lehman exec's book, co-written with former tennis champ Dan Goldie, may attract a seven-figure advance.
The same system Apple Store employees use to run credit card transactions on iPhones or iPod Touches is about to spread. Apple is offering it to other retailers, a move that could create a multifaceted win for Apple's enterprise business.
Loading... Loading... Loading...| Symbol | Last | Change / % | Volume |
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| 4.42 | +0.12 +2.91% | 320.42M | |
| 11.60 | +0.31 +2.75% | 166.70M | |
| 122.26 | +1.25 +1.03% | 90.66M | |
| 3.90 | +0.13 +3.38% | 84.94M |
| 31.03 | +6.53 +26.65% | 5.01M | |
| 15.52 | +3.06 +24.52% | 165,516.00 | |
| 7.25 | +1.09 +17.69% | 3.54M | |
| 20.18 | +2.59 +14.72% | 4.94M |
