U.S. Jobs Rise Sharply but Unemployment Rate Up
Employment statistics announced by the federal government today (May 6) are a mixed bag, but they are initially pleasing Wall Street, as stock prices soar in early trading. However, it is not clear that the numbers will please Main Street. …
Vallejo to Emerge from Bankruptcy -- Bruised
According to a story in the May 4 Wall Street Journal, the city of Vallejo, which entered bankruptcy in 2008, should emerge by July. The city of 120,000 is 30 miles northeast of San Francisco. In the years leading up …
Bridgepoint Stock Leaps on Huge Profit Gain
Bridgepoint Education, the controversial for-profit education institution, enjoyed a stock gain of 8.1% to $19.87 today (May 3) as first quarter profits leaped 81% to 92 cents a share. Sales climbed 47% to $229.4 million. Earnings per share will be …
Impasse on Debt Ceiling Could Cost San Diego $15 Billion
Congress this month will debate the raising of the U.S. debt ceiling. If there is no agreement, the consequences for American finances could be devastating. But local effects could be deleterious, too. W. Erik Bruvold of the National University System …
U-T Sues Supplier for Touted "Daily Deal"
The Union-Tribune has been boasting of the success of its "Daily Deal" promotion, in which it touts steep discounts of 50% and more at businesses. Recently it wrote a purported news story bragging how a deal to give a 60% …
U-T, N.C. Times Report Circulation Figures Under New System
The Audit Bureau of Circulations (ABC) today (May 3) reported circulation figures for U.S. newspapers. However, ABC has changed its methodology and definitions, and recommends that current figures not be compared to previous numbers. Daily print (Monday-Friday) circulation of the …
U.S. Kills Osama bin Laden: Reports
Al Qaeda leader Osama bin Laden has been killed by the U.S. military and positively identified, according to multiple media reports at 8 p.m. West Coast time. He had been hiding out in Pakistan. President Obama is expected to go …