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US: Major Work Stoppages In 2008

added: 12-02-2009

Major work stoppages idled 72,000 workers for nearly two million workdays in 2008, the U.S. Department of Labor’s Bureau of Labor Statistics reported.

Morpace Reports: Retail Sales Continue Downward Trend

added: 12-02-2009

U.S. consumers, mired in economic uncertainty and fear, have been slicing retail spending. According to new Morpace Omnibus survey information, the specter of continued cutbacks looms ominously on the horizon.

Home Buyer Tax Credit Will Create 255,000 Jobs, NAHB Study Shows

added: 12-02-2009

The $15,000 home buyer tax credit, which is an integral part of the economic stimulus legislation adopted by the Senate, will result in nearly 500,000 additional home sales and create 255,000 new jobs in the year ahead, according to research conducted by the National Association of Home Builders (NAHB).

Platts Survey: January OPEC Oil Output Fell to 28.97 Mil. Barrels Per Day

added: 11-02-2009

The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 28.97 million barrels per day (b/d) of crude oil in January, according to a Platts survey of OPEC, oil industry officials and analysts just released. This is a decline of 930,000 b/d from the December level of 29.9 million b/d.

Bankruptcies Expected in Coming Months for Some of the Nation's Biggest Homebuilders

added: 11-02-2009

Based on a review of the 33 U.S. homebuilders with more than $10M in revenue, more than 30 percent are in financial distress and in danger of filing for bankruptcy, according to an analysis by Grant Thornton Corporate Advisory and Restructuring Services.

Morpace Reports: Investors Continue Conservative Shift

added: 11-02-2009

Recoiling from financial fears and a down market, nervous consumers are becoming increasingly cautious about investment decisions according to a new Morpace poll.

Retailers That "Act Vertical" Will Weather the Recession

added: 11-02-2009

While the deepening recession is decimating the U.S. retailing landscape, forcing steep markdowns and pushing traffic to the discount channel, a new Kurt Salmon Associates study predicts retailers with unique and compelling products and experience, supported by seven capabilities, will emerge from the recession successful.

US Job Openings and Labor Turnover in December 2008

added: 11-02-2009

On the last business day of December, there were 2.7 million job openings in the United States, and the job openings rate was 1.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

30-Year Mortgage Rates Highest Since the First Week of December 2008

added: 11-02-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages rose last week to 5.44 percent, up from 5.25 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®.

eCommerce Companies in Need of IT Sustainability and Efficiency Improvements, but Failing to Take Action

added: 11-02-2009

A resounding 97 percent of IT professionals feel that it is important for their Internet and eCommerce related businesses to reduce their carbon footprint, yet little real action is underway to reduce energy consumption in the data center, according to a report. Eighty-two percent say their organizations are more sensitized to ecological considerations, but that same amount give the industry a failing grade in their progress of embracing so-called Think Eco-Logical processes and practices.

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