Financial News

Unemployment Rates by Major: Architects are Suffering Most

 

Financial News Story of the Day – Study Shows Architecture Majors Have Highest Unemployment Rates

Unemployment rates among architects is the highest of any occupation according to a Georgetown study on recent grads. The study looked at recent unemployment data from 2009-2010, revealing that architects are getting the short end of the stick in this recession due to a lower demand in construction.…


2012 Super Bowl TV Spots Sold Out for NBC

Financial News Story of the Day – NBC Sells All Super Bowl Ad Spots

Those Super Bowl TV spots everyone loves talking about the Monday after the big game are all sold out as corporate sponsors hungrily paid large amounts for a chance to showcase their best commercials. It’s no secret that the Super Bowl is a big chance to make a splash, as a great commercial can go viral and the brand behind it can potentially be talked about for weeks.…


Saab is Officially Bankrupt

 

Financial News Story of the Day – Saab Files for Bankruptcy

Swedish car maker Saab is bankrupt and has filed for bankruptcy protection in court. Saab was most recently owned by General Motors, who blocked any potential buyers from purchasing the troubled company in fear that its competitors in markets like China could gain access to valuable patents and technologies.…


Dow Jones Rockets Up +337 Points on Euro News and Strong Economic Data

 

Financial News Story of the Day – Dow Jones and S&P 500 Skyrocket Up 3% Each

The Dow Jones is up over +337 points and the S&P 500 also gained nearly +36 points in what has been the best trading day for U.S. stocks in the month of December, 2011. Both indexes jumped by 3% on strong economic data in the U.S.…


Kim Jong Il is Dead

 

Financial News Story of the Day – N. Korea’s Kim Jong Il is Dead

Pyongyang, N. Korea’s capital city, was in a state of mourning after the death of its ruler Kim Jong Il. The man many believed to be a dictator ruled the communist country for 17 years, where reports of starvation and an iron clad rule were the norm.…


Gold Loses 5% and Drops Below $1600 per Ounce for the First Time in 3 Months

 

Financial News Story of the Day – Gold Chases Euro Down Below $1600 an Ounce

Gold prices have fallen lately as the coveted metal dropped below $1600 an ounce for the first time in 3 months. It seemed as if gold was a rocket ship for the majority of this year, climbing and climbing as the Federal Reserve pumped more money into the system via quantitative easing and devaluing the dollar.…


MF Global’s Jon Corzine May Have Lied to Congress While $1.2 Billion Remains Missing

 

Financial News Story of the Day – Former MF Global CEO Corzine May Have Lied to Congress About Missing Funds

MF Global, a now bankrupt investment firm, is all over the news recently as its bankruptcy led to the discovery of $1.2 billion of client money that is now gone. Former MF Global CEO Jon Corzine testified before Congress stating that he was unaware of the location of the missing money and any misuse of client funds.…


Zynga on Track for Biggest Internet IPO in History Behind Google

 

Financial News Story of the Day – Zynga Prepares for $1 Billion IPO

The Zynga $1 billion IPO that everyone’s been wondering about might actually happen thanks to CEO Mark Pincus. Zynga is famous for producing online games for Facebook (which is planning its own IPO) such as FarmVille and Mafia Wars, which attracted nearly 7 billion paying customers in the first 9 months of 2011.…


Recession, What Recession? Albert Pujols Signs 10-Year $254 Million Deal with Angels

 

Financial News Story of the Day – Albert Pujuols Signs 2nd Best Baseball Contract at $254 Million

Albert Pujols just signed a monster $254 million deal with the Anaheim Angels, leaving behind his beloved fans and the St. Louis Cardinals. With all the NBA lockout talk, you’d think that there was an actual recession going on.…


PacSun to Close 200 Stores and Borrow $160 Million to Stay Afloat

 

Financial News Story of the Day – Teen Clothing Retailer PacSun Closes Stores and Recapitalizes

PacSun, a California-based clothing company targeting teens, has announced it will be closing 200 stores. A weakness in their product offering and low store performances in malls across the U.S. has caused the company to suffer from dismal results for the past 3 years.…