Monthly Archives: October 2013

Caterpillar Earnings Drop As Company Reduces Future Earnings Outlook

Caterpillar reported earnings on Wednesday that were significantly below analyst expectations and their own outlook. The company reported third quarter profits of $946 million or $1.45 a share, down from $1.7 billion or $2.54 a share, a year earlier. Analysts … Continue reading

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UK Economy Grows at Fastest Rate Since 2010

A third quarter report on GDP growth for the UK has specified 0.8% growth for the quarter between the months of July and September. The sharp increase year over year shows the steady rate of recovery that the British economy … Continue reading

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Flaws on Healthcare Website

On Monday, October 21st, President Obama issued a statement defending the Affordable Care Act, and he also acknowledged the technical failures of the healthcare.gov website which is the central way for 7 million uninsured Americans to get coverage. The website … Continue reading

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Consumer Sentiment Falls to an All Time Low

The Thomson Reuters/University of Michigan final consumer sentiment index for October 2013 decreased to 73.2, the lowest this year, from 77.5 in September 2013. This is the lowest final reading since December 2012, and it can be primarily attributed to … Continue reading

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Unemployment Rate Falls To 7.2%

The U.S. unemployment rate dropped 0.1% to 7.2% in September. In contrast to recent months, the drop in the unemployment rate was mainly due to positive reasons. The number of people employed increased by about 133,000, while the number of … Continue reading

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Apple Unveils Update Products

On Tuesday, Apple introduced a redesigned version of its flagship tablet called the iPad Air, and an update to its iPad mini that now includes a high-definition retina display. The iPad Air will be available Nov. 1 and start at … Continue reading

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J.P. Morgan Faces Record Settlement

J.P. Morgan is facing a tentative deal to settle with the Justice Department for $9 billion due to investigations in their sale of mortgage securities in 2008. The investigation was focused on whether the bank overstated the value of the … Continue reading

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