Posts Tagged ‘news’

First time jobless claims stay high at 414,000

Linda Young – AHN News Writer Washington, DC, United States (AHN) – First time claims for jobless benefits remained stubbornly above the key 400,000 mark during the week ending June 11. The tally was 414,000 initial claims, according to the U.S. Department of Labor. Initial jobless claims have been stuck above 400,000 weekly since April. [...]

Bangladesh unveils budget high on defense, low on farm spending

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]

Bernanke forecasts U.S. growth despite recent indicators of economic weakness

Vittorio Hernandez – AHN News Atlanta, GA, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke expressed confidence on Tuesday that the American economy will continue to recover slowly even if recent indicators point to economic weakness. He said despite oil and other commodities price increases, he sees no evidence of broad and enduring [...]

Notifications sent to farmers in Pigford II discrimination settlement

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – Beneficiaries of a $1.25 billion settlement of a discrimination case between the government and black farmers have begun receiving notifications, bringing a decades-old class action lawsuit a step closer to conclusion. The Agriculture Department settled the historic case, known as Pigford II, in [...]

IMF extends $3 billion loan to Egypt

Vittorio Hernandez – AHN News Cairo, Egypt (AHN) – Egypt will receive a $3 billion loan from the International Monetary Fund to assist the Middle Eastern nation with its widening budget deficit that reached $10 billion for the fiscal year that started in July 2010. Cairo became cash straped following the popular revolt that resulted [...]

Moody’s warns of U.S. credit downgrade if Washington’s debt limit is not hiked

Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The Obama administration has found an unexpected ally in a ratings agency in the White House’s battle with Republican legislators over spending cuts and hiking the federal debt limit. On Thursday, Moody’s warned that it may downgrade Washington’s credit rating if the U.S. debt [...]

Kara DioGuardi talks being head judge on Bravo’s “Platinum Hit”

Anthony Jones – Celebrity News Service Reporter Los Angeles, CA, United States (AHN Entertainment) – Bravo was the first to put the spotlight on “Project Runway” and has made us tune in for every cut on “Top Chef.” Now, the network really sings as it puts together 12 up-and-coming songwriters looking to score the next [...]

Chrysler repays bail-out loans after strong sales, turnaround

Matthew Borghese – AHN News Contributor Detroit, MI, United States (AHN) – Chrysler Group LLC has repaid the American and Canadian loans it received after filing for Chapter 11 bankruptcy in April 2009. After being purchased by Italian carmaker Fiat and turning around lagging sales, on Tuesday Chrysler repaid $1.7 billion to Canada and $5.9 [...]

Take-Two (NSDQ: TTWO) Fiscal Q4 Loss Widens As Revenue Dips

Take-Two Interactive (NSDQ: TTWO) announced Tuesday a fiscal fourth quarter loss that widened from a year ago as revenue dipped 22 percent in the period. The videogame developer said it lost $22.4 million or 27 cents a share, compared to a loss of $9.7 million or 13 cents a share in the fourth quarter a [...]

Campbell Soup 3Q profit up 11 percent

Kris Alingod – AHN News Contributor Camden, NJ, United States (AHN) – Campbell Soup posted better-than-expected earnings for the third quarter on Monday despite continued weak sales in its core segment of U.S. soups. Net income for the period ended May 1 was $187 million, or 57 cents a share, up 11 percent from $168 [...]

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