Posts Tagged ‘linda young’

Crude oil prices fall to $96.32 in continuing slide

Linda Young – AHN News Writer London, United Kingdom (AHN) – Oil prices continued to fall on Wednesday, dropping an additional 0.7 percent as concerns about the U.S., European and global economies mounted. Another factor in pushing crude oil prices down was news that Saudi Arabia might boost its production. Oil prices have fallen more […]

Bank of America posts a profit

Linda Young – AHN News Writer New York, NY, United States (AHN) – Bank of America reported a fourth-quarter profit of $ 2 billion compared with a $ 1.2 billion loss in the same period in 2010. The nation’s second largest lender said it had a full-year net profit of $ 1.4 billion compared with […]

Banking giant JPMorgan reports big drop in profits

Linda Young – AHN News Writer New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank officials reported that it earned $ 3.7 […]

Revised GDP report reveals slower growth

Linda Young – AHN News Writer Washington, DC, United States (AHN) – The economy grew at a slower pace from July through September than originally thought, according to revised figures released by the Commerce Department on Tuesday. Gross domestic product grew only at a 2 percent annual rate during the third quarter down from the […]

Ford posts $2.4b Q2 net income

Linda Young – AHN News Writer Dearborn, MI, United States (AHN) – American automotive company Ford made $2.4 billion in net income during the second quarter, but that was down from the $2.6 billion it earned during the same quarter a year ago. However, the company’s earnings still beat Wall Street’s expectations and Ford’s shares […]

Ford posts $2.4b Q2 net income

Linda Young – AHN News Writer Dearborn, MI, United States (AHN) – American automotive company Ford made $2.4 billion in net income during the second quarter, but that was down from the $2.6 billion it earned during the same quarter a year ago. However, the company’s earnings still beat Wall Street’s expectations and Ford’s shares […]

Consumer spending, real gross domestic product rise in last quarter of 2010

Linda Young – AHN News Writer Washington, DC, United States (AHN) – United States consumers opened their wallets more and boosted the economy in the last three months of 2010. Real gross domestic product (GDP) grew at an annual rate of 3.2 percent, up from 2.6 percent the previous quarter, according to a report from […]

BLS: Employers Added 151,000 Jobs In October

Linda Young – AHN News Writer Washington, DC, United States (AHN) – October saw a net rise in non-farm employment in the United States as employers added 151,000 jobs, which was the highest number of new jobs in five months, according to the Bureau of Labor Statistics (BLS). Nevertheless, it was not enough to affect […]

New Unemployment Claims Fall Slightly

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial claims for jobless benefits dropped slightly while continuing unemployment compensation claims dipped below 4.4 million, the United States Labor Department announced Thursday. New claims for unemployment compensation fell by 21,000 to 434,000 for the week ending Oct. 23 down from 455,000 the […]