Economy Watch *DO NOT USE*
Economy Watch: ADP Records Decent Job Numbers in April
The Automatic Data Processing Inc. (ADP) National Employment Report, which doesn’t always jibe with the U.S. Department of Labor’s monthly reports but which is closely watched nonetheless, said on Wednesday that U.S. employers hired a net of 32,000 workers in March.
Economy Watch: Pending Home Sales Spiked in March for Obvious Reasons
The National Association of Realtors said on Tuesday that its pending home sales index shot up during March by 5.3 percent, to 102.9. In February, the index stood at 97.7.
Economy Watch: Simon Says, Pick Me! Pick Me!
Various news organizations reported separately on Monday that Simon Property Group Inc. upped its ante for General Growth Properties in its efforts to win GGP and its delectable 200-plus mall portfolio from the clutches of a group of investors led by Brookfield Asset Management Inc. Unnamed sources were cited.
Economy Watch: Economy, Consumers Feeling a Little Better
The U.S. Department of Commerce reported on Friday that the nation’s GDP rose at an annualized rate of 3.2 percent during the first quarter of 2010.
Economy Watch: The Greek Contagion Expands Like… Ebola?
The eyes of the financial chattering classes are on Greece, whose problems have lately been compared by Angel Gurria, secretary general for the Organization for Economic Cooperation and Development, to (of all things) the fast-spreading, all-consuming viral disease Ebola.
Economy Watch: More Maneuvering by Simon in Quest for GGP
General Growth Properties is on the balcony on a moonlit night while suitor Simon Property Group Inc. tries to serenade GGP with ever-sweeter melodies. As of Wednesday, the new verse in that sweeter song was about Simon agreeing to accept a lower percentage voting stake in its erstwhile mall rival, according to unnamed sources cited by Reuters.
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