Archive for November 2009

Citigroup sale a new start for Primerica

November 21, 2009

Monday November 16, 2009 09:00 AM

Industry analysts said the deal will move Primerica, which employs about 1,991 people, mostly in Gwinnett County, out from under Citigroup’s shadow. That may allow Primerica to better capitalize on its organization of 100,000 independent salespeople, who operate similarly to multilevel marketers such as Amway, where higher-level agents earn a cut of commissions from the agents they recruit. …

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Home construction plunges 10.6 percent in October

November 21, 2009

Wednesday November 18, 2009 09:03 AM

Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. The results underscore how much the housing market has been relying on government support for its fledgling recovery. The tax credit of up to $8,000 for first-time owners was due to expire on Nov. 30, but Congress voted to extend it …

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Mortgage apps, housing starts fall

November 21, 2009

Wednesday November 18, 2009 11:16 AM

Recent enthusiasm for the housing market is waning. The latest reports show mortgage applications and new home construction on the decline. The Mortgage Bankers Association announced Wednesday that its index of applications fell 2 percent for the week ended Nov. 13 as purchase applications tumbled to a 12-year low. Now that President Barack Obama has signed an extension of the home buyer’s tax …

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Jobless claims hold at 10-month low

November 21, 2009

Thursday November 19, 2009 09:02 AM

The number of first-time filers for unemployment insurance was unchanged last week, holding at the lowest level since January, said a government report released Thursday. There were 505,000 initial jobless claims filed in the week ended Nov. 14, the same as the revised figure the previous week, the Labor Department said in a weekly report. A consensus estimate of …

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Thomas Oliver: No recovery without small business

November 21, 2009

Thursday November 19, 2009 07:00 PM

Within the last week, head honchos from the Federal Reserve, the Treasury, Goldman Sachs and Warren Buffett himself have expressed concern that small business isn’t responding as needed. And it is needed. Small business (defined as 500 or fewer employees) creates 60 to 80 percent of new jobs. So it’s not an exaggeration to suggest that without a healthy, growing small business sector, there …

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The best and worst places to find a job in the U.S.

November 21, 2009

Friday November 13, 2009 12:03 PM

Juju analyzed U.S. Department of Labor unemployment statistics in each metro area and then divided that number by the number of job openings in each city, company vice president Brendan Cruickshank said. Atlanta ranked 31st in the survey, with 7.5 unemployed people for every job listing. Nationally, there were 6.1 unemployed workers for every job opening in October, according to government data …

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UPS sees slight uptick in holiday biz

November 21, 2009

Atlanta Business Chronicle

Monday November 16, 2009 12:02 PM

United Parcel Service Inc. expects Dec. 21 to be its busiest delivery day this year and it plans to hire 50,000 seasonal workers for the holidays.

The Atlanta-based package shipping giant (NYSE: UPS) expects to deliver some 22 million packages around the world — a 40 percent increase over normal daily delivery volumes.

From Thanksgiving to Christmas, UPS will deliver about 400 million packages around the world, up slightly compared with the 2008 holiday season.

To support the holiday package volume spike, UPS said it expects to hire about 50,000 seasonal workers.

UPS Airlines will handle the holiday rush by flying more than 330 additional flights a day during Peak Week, the four days leading up to Christmas Day. The company’s highest volume day for handling air express packages will be Dec. 23, when it will deliver more than 6 million air packages.

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United Parcel Service Inc. expects Dec. 21 to be its busiest delivery day this year and it plans to hire 50,000 seasonal workers for the holidays.

The Atlanta-based package shipping giant (NYSE: UPS) expects to deliver some 22 million packages around the world — a 40 percent increase over normal daily delivery volumes.

From Thanksgiving to Christmas, UPS will deliver about 400 million packages around the world, up slightly compared with the 2008 holiday season.

To support the holiday package volume spike, UPS said it expects to hire about 50,000 seasonal workers.

UPS Airlines will handle the holiday rush by flying more than 330 additional flights a day during Peak Week, the four days leading up to Christmas Day. The company’s highest volume day for handling air express packages will be Dec. 23, when it will deliver more than 6 million air packages.