Wall Street was wavering Monday after Greece admitted that it will miss its deficit targets this year and next, despite its recent austerity measures. The Dow Jones industrial average sank almost 100 points at the start of trading, but was lately working off that loss and edging higher. The downbeat news from Greece has raised concerns over plans for another international bailout plan for the debt-ridden nation and raises the possibility of Greece defaulting on its bonds. Euro zone finance ministers will meet in Luxembourg later Monday ... more→
Category Archives: Business
Wall Street soars, buoyed by Europe debt hopes
Wall Street soared at Tuesday’s opening bell, buoyed by a wave of hope that euro zone officials are working on new measures to reduce Greece’s debt and bolster the region’s banks.The Dow Jones industrial average was up over 200 points in the first few minutes of trading.The Greek finance minister said the debt-stricken nation will receive its next batch of bailout loans in time to avoid a disastrous default, the Associated Press reported. Later Tuesday, German Chancellor Angela Merkel and Greek Prime Minister George ... more→
Investors depart stock market in crisis of confidence
Investors are telling the stock market, "We're just not that into you."From June through August, $104 billion was withdrawn from equity funds worldwide, and investment in U.S. equity funds dropped by $61.3 billion during the same time period, according to Emerging Portfolio Fund Research Inc. For the past four weeks ending Sept. 14, investors pulled $6.4 billion out of long-term U.S. equity mutual funds, according to the Investment Company Institute."This is a particularly hard moment to get a fix on things because there's an unusual ... more→
Google+ opens up, traffic rockets 1200+ percent
Reports of Google+'s demise may have been greatly exaggerated, as the upstart social network exploded in traffic last week after the service opened up to the masses.Experian Hitwise shows " a massive spike in market share of visits for the site, with a 1,269 percent growth from the week ending September 17th to the week of September 24th. The site also received nearly 15 million total US visits last week," notes ReadWriteWeb.A week ago, G+ removed its ... more→
Long-term jobless face issue with references
The long-term jobless face a big dilemma when it comes to hunting for a job — a lack of recent references. Maybe you haven’t worked for six months or a year and don’t have someone who can vouch for what you’ve been doing; or your references are out of work themselves. It’s a problem hiring managers and recruiters are seeing more often, and it’s a problem that job seekers have a tough time grappling with. Earlier this month, Bruce Hurwitz, CEO of recruiting firm ... more→
