Market News
JetBlue Airways Corporation (JBLU)
JetBlue Airways Looses Appeal Over Age Gender Retaliation Claim. On Friday the U.S. Court Of Appeals For The Second Circuit ruled in favor of Diane Gorzynski, a former customer service supervisor with JetBlue who accused the airline of age and gender bias, creating a hostile work environment, and firing her in retaliation for complaining back in 2002, according to AvStop.com.
The U.S. Court Of Appeals For The Second Circuit stated that Gorzynski had produced ample evidence of mistreatment based on claims that she suffered a hostile work environment, age discrimination, and retaliation for complaints of race and age discrimination.
Feb 22 · 8:44:00 AM · Source: AvStop.com
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by Steve Wieczorek
Interest Rates
The Fed said late Thursday it is raising its discount rate by a quarter percentage point, or 25 basis points, to 0.75%. The central bank said in a statement it made the move in response to improving financial market conditions.
Ben Bernanke's Fed is taking a small step toward normal policy.
The move is largely symbolic, because banks do little borrowing at the discount window.
The unanimous decision to boost the discount rate also has no effect on the more widely watched federal funds rate, which measures the rate banks charge each other for overnight loans. That rate is expected to remain between 0% and 0.25% for the foreseeable future, given the slack in the labor market and the still fragile state of the economy.
Feb 19 · 11:05:00 PM · Source: CNN Money
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by Michael Oliveto
Sysco (SYY)
Sysco Corporation announced today that its Board of Directors declared a regular quarterly cash dividend of $0.25 per share, payable on April 23, 2010, to common shareholders of record at the close of business on April 1, 2010.
At today's stock price of $29.12, Sysco currently yields 3.43%.
Feb 19 · 3:33:00 PM · Source: Company Press Release
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by Rich Pike
CPI
The cost of living in the U.S. rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first time since 1982, indicating the recovery is generating little inflation.
The consumer-price index increased 0.2 percent for a fifth straight month, led by higher fuel cost. However, the Labor Department figures revealed today showed that excluding energy and food, the "core index" unexpectedly fell 0.1 percent, reflecting a drop in new-car prices, clothing and shelter.
The big broader picture shows subdued inflation, giving the Fed to keep rates down for now.
Feb 19 · 2:52:00 PM
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by Larry Etter
Texas Instruments (TXN)
Texas Instruments has announced that Ralph W. Babb, Jr., chairman and chief executive officer of Comerica Incorporated and Comerica Bank, has been elected to TI's board of directors, effective March 15.
Feb 19 · 2:35:00 PM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM has been awarded a contract to modernize the U.S. Government's Acquisition and Procurement System. IBM will work to modernize a system that federal agencies and their suppliers use to source equipment, supplies, information technology (IT) and telecommunications services. The award made by the U.S. General Services Administration has a contract value of $74.4 million over an eight-year period.
This is another feather in the cap of IBM's services push.
Feb 19 · 2:32:00 PM · Source: Company Press Release
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by Larry Etter
HP (HPQ)
HP today introduced five point-and-shoot digital cameras and three camcorders with features such as LCD displays, up to 5X optical zoom and fashionable colors.
This expands the company's role in this marketplace.
Feb 19 · 2:26:00 PM · Source: Company Press Release
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by Larry Etter
U.S. Bancorp (USB)
U.S. Bank is launching Deposit Express, a remote deposit capture offering specifically designed to meet the unique banking needs of small businesses. Deposit Express allows small businesses to scan and deposit checks to their U.S.
Bank account from the convenience of their office, using a PC and a desktop
scanner.
This expands U.S. Bank's existing suite of remote deposit products.
Feb 19 · 2:20:00 PM · Source: Company Press Release
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by Larry Etter
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