Metro areas show May jobless rate drop in two thirds
Labor Department data indicate 237 of 382 metropolitan areas posted lower unemployment in May while 118 rose and 27 were flat. El Centro California led with 27.5 percent, Bis marck North Dakota at 3.1 percent tied as the best. nationwide rate fell to 9.7 percent.
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U.S
House Approves Sweeping Bank Regulatory Overhaul
The House passed a 2000+ page financial regulation bill expanding oversight from thrift stores to Wall Street firms amid Senate delays. The vote split largely along party lines 237 to 192 with Democrats backing the measure and Republicans criticizing it as excessive government power and insufficient limits on Fannie Mae and Freddie Mac.
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Ford to repay 4 billion more in debt and cut losses
Ford Motor Co says it will reduce debt by 4 billion dollars by paying 3.8 billion to a United Auto Workers trust for retiree health care and 255 million in preferred security dividends. After this, Ford will owe about 3.6 billion to the UAW trust by 2022 with an option to extend.
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Old Spice Man Mustafa Returns On Motorcycle Ad
The Old Spice campaign re introduces ex NFL star Isaiah Mustafa in a 30 second online spot and soon a theater and TV run. The ad features Mustafa performing stunts like log rolling diving a waterfall and walking on water while delivering his signature hello ladies line.
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Mustafa
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