Jobless rates highest in 4 years
August 4, 2008
The country’s unemployment rate reached its highest level in four years, for July. Unemployment climbed to 5.7 percent from 5.5 percent, as employers cut 51,000 jobs. Particularly, jobs in the manufacturing, construction and service providing industries were cut.
Analysts suggest some employers are cutting jobs because of the weighing high energy prices and existing housing situation. The Labor Department released its monthly Employment report Friday, August 1.
Read more at the US Department of Labor.
Apple 3Q profits soar
July 22, 2008
Apple Inc., a San Francisco, Calif.-based technology company, third quarter profits jumped 31 percent, which some analysts say was helped by the new iPhone and the ever-popular sleek Macintosh notebooks. This beat Wall Street’s estimate.
This hip tech savy company posted revenue of $7.46 billion and net profited $1.07 billion, for the third quarter ending June 28, or $1.19 per diluted share. These numbers compare to revenue of $5.21 billion and net profited $818 million, or $.92 per diluted share, in year ago.
Steve Jobs, Apple’s CEO, said “We’re proud to report the best June quarter for both revenue and earning in Apple’s history.” The company shipped 2.5 million Mac computers during the quarter, according to Apple’s recent earning press release.
iPhone sells TODAY
July 11, 2008
Apple’s newest sleek gadget, the iPHone 3G goes on sell this morning in the U.S. It’s an updated version of the iPhone.
How much is it? $199 for 8 gigabytes and $299 for 15 gigabytes. Know that you’re required to purchase a mandatory two-year service agreement, but it’s about half the price of the original iPhone released last year.
What the heck is a 3G? It’s a third-generation cell phone network. This phone is expected to load Web pages twice as fast as the older version. It’s interactive capabilities are much larger than the normal capacity.
How many iPhones are available? Of course, with most of all of Apple’s cool and yet sophisticated gadgets you’re going pay your dues of waiting in long lines. Analysts expect 10 million people will buy the phone this year, according to various news reports.
Check back for updates!
ALL about Apple
Siemens to slice nearly 17,000 jobs
July 8, 2008
Siemens AG announced Tuesday it plans to cut approximately 16,750 jobs, or 4.2 percent of its worldwide work force, to save on operations and cut roughly $2 billion in cost. The job cuts are the result of a slowing economy, according to the Germany-based technology company.
All About Siemens A G ADR
NYSE: SI
CEO: Dr.-Ing. Heinrich Heisinger, 48
Industry: Technology
U.S. Apartments vacancy unchanged
July 5, 2008
The U.S. Apartment vacancy was unchanged at 5.9 percent, whereas the household number fell by 40 percent from a year ago May.
Starbucks to close 600 stores
July 4, 2008
Drinkers of foam-filled lattes and $5 plastic wrapped veggie sandwiches are wondering whether their local coffee giant Starbucks will close soon. The Seattle, Wash. based bean coffee giant announced earlier this week that it plans to close 600 U.S. stores.
Source: Youtube
All About Starbucks
NASDAQ: SBUX
Founder & CEO: Howard D. Schultz
President: James C. Alling
