On balance, the latest jobs report suggests the economy is continuing to grow, though modestly. But a closer look at retail employment suggests this may be a gloomy holiday season for people who want seasonal jobs.
One of the most eagerly anticipated share offerings of the year is set for Friday. The internet daily deal site Groupon plans to sell some shares in an initial public offering. The IPO is priced at $20 a share. Investors are watching to see if the market sends that price soaring, as it has with other dot-com IPOs.
Jon Corzine, the former governor and senator from New Jersey, has resigned from his post as head of MF Global. The company has been under scrutiny from regulators and investigators following its rapid decline and bankruptcy filing earlier this week.
Shares of the daily deal company Groupon hit the Nasdaq stock exchange Friday after an IPO raised about $700 million. The company has been dogged by investor concerns over management and questions about its accounting methods.
The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both sectors in jeopardy. Small banks, with much of their assets in mortgage loans, are most vulnerable.
The airline industry expects that fewer Americans will travel by air this year over the Thanksgiving holiday. The still-sluggish economy is lessening demand for air travel, but it's not dropping prices. Those who do fly for Thanksgiving will still find their flights packed.
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