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Fri, 12/17/2010 - 11:52 by Christopher Barker
I want a red phone. It's not that I'm fixated on the color, but I find the concept of a dedicated line to the people we most need to reach in times of distress to be a comforting proposition.
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Fri, 12/10/2010 - 06:42 by Prince damin
Conshohocken, Pa. -- A spokeswoman for Ikea's U.S. headquarters in Pennsylvania said 12,400 employees of the furniture stores received new bicycles as holiday presents.
Mona Liss, a spokeswoman for the Conshohocken headquarters, said the bicycles were awarded to the workers Tuesday as a thank you for "great results and great team work," the Philadelphia Inquirer reported Thursday.
"It has been a good year for Ikea US (and Ikea Global as well)," Liss wrote in an e-mail message.
Liss said a bicycle gift also "supports a healthy lifestyle and everyday sustainable transport."
The company did not disclose the cost of the bicycles or the company behind the manufacturing.
Copyright 2010 United Press International, Inc. (UPI).
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Sat, 12/04/2010 - 07:17 by Prince damin
Washington -- The U.S. unemployment rate ticked 0.2 percentage points higher in November despite the addition of 39,000 non-farm jobs, the Bureau of Labor Statistics said.
The unemployment rate, announced Friday, rose to 9.8 percent from 9.6 percent.
Automatic Data Processing Inc. said this week the private sector added 93,000 jobs in November after rising by 160,000 in October. The government put the private-sector job gain at 50,000.
Economists had expected a total of 146,000 new jobs.
In November, healthcare added 19,000 jobs, mining added 6,000, manufacturing lost 13,000 and construction lost 5,000, the Labor Department said.
Even retail lost jobs -- 28,000 -- despite the traditional hiring blitz for holiday shopping.
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Thu, 12/02/2010 - 12:43 by Anders Bylund
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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Mon, 11/29/2010 - 11:03 by Rakhi
Beijing -- The South Korean-Chinese joint venture Beijing Hyundai broke ground for its third auto manufacturing plant in China Sunday on the outskirts of Beijing.
The plant will produce up to 400,000 vehicles a year when completed in 2012, Xinhua reported. Beijing Hyundai's two other plants, also located in Shunyi District, churn out a combined 600,000 units per year.
The ground-breaking event was attended by China's top political adviser, Jia Qinglin, and Hyundai Motor Chairman Chung Mong-koom the state-run news agency said.
Business, as well as cultural ties, between China and South Korea have been expanding since the two nations established diplomatic ties in 1992, Jia noted.
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Fri, 11/19/2010 - 16:38 by Neha Gupta
Sale of drinks containing both alcohol and caffeine has been banned by the state Alcoholic Beverages Control Commission.
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Mon, 11/15/2010 - 23:14 by Prince damin
New York -- The New York Federal Reserve said its general business conditions index fell below zero in November for the first time in more than a year.
The manufacturing index for the state of New York, based on a survey taken the first two weeks of each month, dropped sharply losing 27 points to a negative 11.1. New orders fell 37 points to minus 24.4. Indexes also declined for prices paid and prices received, the New York Fed said.
The peak for the index this year came in April when the index for general business conditions hit 31.9. Numbers above zero in the index indicate growth.
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Wed, 11/03/2010 - 00:54 by Prince damin
Brussels -- Manufacturing activity in the 16-nation euro zone grew for the first time in three months in October, industry researchers at Markit said Tuesday.
The Purchasing Managers Index for the region climbed from 53.7 to 54.6, after hitting an eight-month low in September, Markit said.
Greece was the only euro zone member to see a contraction in the month with new orders dropping and manufacturing employment in decline. "Greek manufacturing production fell at the fast pace since June," the report said.
Spain and Ireland saw their PMI readings hit 50, the break even point between growth and contraction.
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Thu, 10/28/2010 - 10:40 by Priyanka
As per a report published in Reuters on Tuesday, Apple Inc. has once again delayed the launch of much hyped and highly anticipated white iPhone 4, this time till early next year.
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Wed, 10/27/2010 - 09:52 by Rakhi
Washington -- The U.S. Census Bureau says an estimated 36 million children between 5 and 13 put on costumes and went trick-or-treating last Halloween.
The bureau said data from 2009 suggests the children had 111.3 million occupied dwellings to choose from while going door-to-door for candy.
The report said 931 million pounds of pumpkins were produced by major pumpkin-producing states during the 2009 season, while 1,317 manufacturing establishments made chocolate products in 2008.
Americans consumed 24.3 pounds per-capita of candy for all of 2009, the bureau said.
Costumes and formal wear were rented from 1,814 businesses across the country in 2008, the report said.
Copyright 2010 United Press International, Inc. (UPI).
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Thu, 10/21/2010 - 21:57 by Prince damin
Philadelphia -- The Philadelphia Federal Reserve Bank said manufacturing activity in the mid-Atlantic region was little changed in October.
"Regional manufacturing activity was steady," the bank's monthly survey indicated.
The survey's headline index increased from minus 0.7 in September to 1 in the latest survey. The new manufacturing orders, however, climbed 3 points, but remained negative for the fourth consecutive month. The shipments index rose 9 points, but only to the break-even point of zero after three months in the red.
Slightly more businesses responding to the survey indicated employment at their firms was higher than a year ago, 39.5 percent, compared to 34.6 percent of firms indicating payrolls had dropped.
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Sat, 10/16/2010 - 11:19 by Rakhi
New York -- The New York Federal Reserve said its general business conditions index rose in October with new orders and shipments remaining positive.
The manufacturing index for the state of New York, based on a survey taken the first two weeks of each month, added 12 points to 15.7, the Fed said.
The peak for the index this year came in April when the index for general business conditions hit 31.9. Numbers above zero in the index indicate growth.
The index for new orders in October added nine points to turn positive at 12.9.
The shipments index added 20 points, turning to a positive 19.4.
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