Economy shows modest rebound amid wary shoppers
Washington reports indicate slow growth with consumer caution restraining spending and a tepid outlook for next year. FDIC notes high loan losses, 552 banks on the problem list, and 50 bank failures in the quarter signaling stress alongside a 2.8 percent quarterly GDP pace. GM sues Saab sale collapses decrying strategic shifts. Barnes & Noble and Borders post losses as competition tightens and discount retailers press prices.
MENTIONED IN THIS ARTICLE
Washington
FDIC
CPSC chief pledges swift action after crib recall
The head of the Consumer Product Safety Commission promised swift action to remove dangerous products after a 2.1 million drop side crib recall tied to four infant deaths. The recall covers 1.2 million US cribs and almost 1 million in Canada from Stork Craft Manufacturing. About 150,000 carry Fisher-Price branding.
MENTIONED IN THIS ARTICLE
CPSC
Consumer Product Safety Commission
Stork Craft Manufacturing
Canada
United States
Facebook adopts dual class stock to keep founder control
Facebook creates a dual class stock structure to grant founder Mark Zuckerberg and existing shareholders control. The company says there are no plans to go public now, but the move could lay groundwork for a future offering, mirroring Google’s pre IPO structure with higher voting power for insiders.
MENTIONED IN THIS ARTICLE
Facebook
Mark Zuckerberg
Google Inc
Larry Page
Sergey Brin
Google
Page
Brin
Eric Schmidt
Brighter Fed forecast trims market losses
New York stocks pared losses after the Federal Reserve signaled a brighter growth outlook for the second half of the year. Health care shares helped offset declines in financials and industrials as the Dow eased from a 13 month high and the Conference Board noted consumer confidence at 49.5 in November. The Fed also revised Q3 growth down to 2.8 percent from 3.5.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Conference Board
Baytown Council Sets Vendors for Christmas Parade
The Baytown City Council plans food vendors for the December 4 Christmas parade on Texas Avenue and a Christmas on Texas Avenue event the next day. They seek jugglers and face painters, with $10,000 from hotel occupancy tax to advertise the parade and up to $15,000 for the Baytown Little Theater's next production. An art show and reception by the Parks and Recreation Department is scheduled for December 3 at 7 p.m. at the Baytown Community Center.
MENTIONED IN THIS ARTICLE
Texas Avenue
Scott Sheley
Sheley
Lee High School
Baytown
College Cost Estimator at December 3 college fair
At Ross S Sterling High School on Thursday December 3 at 6 30 p m a College Cost Estimator session will help families choose the right college and plan funding. Dave Murray of the National Center for College Costs will answer questions and provide personalized financial planning tools. Transportation from all elementary schools departs at 5 30 p m. For more information contact Leronda Lockhart or call 281 420 1591.
MENTIONED IN THIS ARTICLE
Ross S. Sterling High School
Dave Murray
National Center For College Costs
Leronda.lockhart
Gccisd
Also Mentioned on This Page
Federal Deposit Insurance Corp
Saab
Detroit
General Motors Co
Koenigsegg Group AB
Koenigsegg Automotive AB
Chevrolet
Buick
GMC
Cadillac
Barnes & Noble Inc
Borders Group Inc
Barnes & Noble
Amazon.com
Wal-Mart
Target
Pany
le Tera
Sara Lepro
Tim Paradis
Council
Baytown Chamber of Commerce
Workforce Solutions and Employment Training Center
Top
Garth Rd
Woodforest National Bank
Bottom
Garth Road
San Jacinto Mall
Tortugas
UHC & Bcibs
Habla Espanol
Sterling-White Funeral Home
Crosby-Lynchburg
Highlands
Baytownsun.com
T Roofing LLC
Over Roofing, LLC
TowerRoofing.com
Ryan Hightower
Vince Howell
Texas Capital Management
TXCM
CPIA
Lil Exas
N Capital Management
Bay Area
Baker Rd
Forbes
College
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