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Business
Jobless rate 10.2 percent and climbingJust when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought. More Building Association sues over bylawsThe Desert Chapter of the Building Industry Association is suing its larger trade group sibling to try to stop it from passing a series of bylaw changes that would shift all decision-making authority, assets and cash reserves to Diamond Bar. More 'Call of Duty' sales explosion expectedThis holiday season's biggest entertainment blockbuster likely will be a sequel to a popular franchise, with jarring depictions of war and an intricate story of good versus evil. More Consumer borrowing drops $14.8BConsumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. More Valley business briefs for Nov. 7International Food Fest benefits local YMCA, Governor signs bill restoring small business loan program ... More Beware of Windows 7 catchQuestion: I was going to buy Windows 7. I know Microsoft was offering discounts for preordering. But I missed out. Is Microsoft running any deals now? More Bono Mack hosts job fair at Workforce CenterU.S. Rep. Mary Bono Mack will host a job fair at the Workforce Development Center, 44-199 Monroe St., Indio, on Nov. 13. More Home purchase credit good for valleyCongress sweetened the deal for house-hunters on Thursday, extending the deadline beyond Nov. 30 for first-time homebuyers to collect up to $8,000 and beefing up the tax credit pool to include a $6,500 credit for owners of existing homes who are buying a new home. More Mobile center offers help applying for jobs onlineThe Mobile Workforce Development Center team visited Coachella City Hall on Thursday to assist residents in applying for jobs online. More Productivity gains may be bad news for joblessCompanies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon. More Stocks surge on jobs data, Cisco forecastA bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday and propelled the Dow Jones industrials back above 10,000. More Fannie Mae offers borrowers option to foreclosureCan't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. More Panel to decide on funeral homePlans for a funeral home along Indio Boulevard are heading to the Indio Planning Commission for approval. More Furniture store focuses on basicsAt a time when furniture stores across the valley are closing, Mathis Brothers Furniture has no plans of shutting down. More Chaghos brings car wash to your homeWhen Raul Orozco wiped down cars at his former job, he often worked with one eye on the vehicle and another on his impatient customer. More Retail sales picking upThe early picture of October retail sales shows more signs of a spending recovery, lifting hopes for a slightly merrier holiday season and for the overall economy. More Data show many 'clunkers' were traded in for not-so-fuel-efficient trucks, SUVsThe most common deals under the government's $3 billion “cash for clunkers” program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by... More House OKs credit card crackdownThe House voted Wednesday to impose immediately tough new rules for credit card companies after voters complained of increased interest rates and steep new fees. More Shop caters to Santa setChristmas arrived two months early in La Quinta with the opening of a seasonal holiday store in the Washington Park shopping plaza. More Fitness studio offers diverse trainingIn stressful times, certified personal trainer Angi Long says that the most important thing in life is balance. More Dodge City gains new life as Hyundai dealershipA Hyundai dealership has opened in La Quinta. Hyundai of La Quinta opened last month at the site of the former Dodge City Chrysler Jeep in the Auto Centre at La Quinta along Highway 111. More Pet salon gives dogs VIP care
Desert pooches who require a glamorous grooming experience now have a new salon at Hollywood Premier Pets. More Buffett to spend $26B for railroad companyWarren Buffett, the second-richest American, agreed to acquire Burlington Northern Santa Fe Corp. in a deal that values the Fort Worth-based railroad at $34 billion — Buffett's largest acquisition ever. More Top automakers report sales are starting to stabilizeAfter months of roller coaster-like sales, the auto industry offered signs of recovery from its yearlong slump on Tuesday, as most automakers reported higher levels of U.S. sales in October. More White House: Job creation will lag U.S. recoveryThe pace of job creation will lag even as the U.S. economy recovers, White House budget director Peter Orszag warned Tuesday, adding that the coming months “will continue to be difficult ones for American workers.” More Rail another piece in investment 'masterpiece'Warren Buffett likes to compare his company to a masterpiece that he's been painting for nearly five decades, and the deal he announced Tuesday will permanently alter the color of Berkshire Hathaway Inc.'s portrait. More Ford surprises with $1B income; sees profit in '11Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a “solidly profitable” 2011. More Hardest-hit areas recovering slowlyThe economic recovery is proceeding unevenly in its early stages, with areas hurt most by the housing slump still lagging behind other regions, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties. More Strong economic reports lift hopesHopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes. More County hosting job fair today in CabazonThe Riverside County Board of Supervisors and the Riverside County Workforce Investment Board will host a job fair in Cabazon today. More |
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