Fannie Mae and Freddie Mac post third quarter profits
Government controlled mortgage giants Fannie Mae and Freddie Mac report third quarter profits as housing market stabilizes. Fannie earned 3.9 billion dollars, Freddie 2.1 billion, with large dividends to the U.S. Treasury and substantial repayments of bailout funds. The two firms, rescued in 2008, have repaid a combined 187.3 billion in aid.
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Washington
Fannie Mae
Freddie Mac
U.S
Fannie
US Treasury
Freddie
McLean
Virginia
Beefing Up Beef Costs Tilt Fast Food Menu Now
Rising beef prices push chains like Burger King Wendy's and McDonald's to seek alternatives. Companies push chicken items and cost cuts while industry analyst says relief may not come until 2017 as cattle herds recover from drought. Arby's adds steak sandwiches and promotes chicken options to offset higher beef costs. Carroll Restaurant Group notes beef costs up 32 percent in the latest quarter. Wendy's plans a 30 million cost cut while McDonald's analyzes costs with third party experts.
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New York
Kevin Good
CattleFox
Colorado
Arby’s
Paul Brown
Brown
Alex Macedo
Burger King
North American
Carroll Restaurant Group
U.S
Wendy’s
Bob Bertini
Wendy's
McDonald's
Pete Benson
John Harrington
Hastings
Nebraska
Harrington
Postal Service expands Sunday delivery for holiday season
The U S Postal Service will deliver packages on Sundays in major cities and high volume areas from Nov 17 through Christmas Day to meet rising demand. Sunday service also set for Amazon deliveries in Lorain County starting Nov 16.
MENTIONED IN THIS ARTICLE
Washington
U.S. Postal Service
Ohio Postal Service
David van Allen
Amazon
Lorain County
van Allen
Postal Service
Patrick Donahoe
Initial jobless claims drop but layoffs jump in October
Unemployment claims slipped to 278000 last week, the four week average at 279000 the lowest since April 2000, signaling a healthy labor market. Separately Challenger Gray & Christmas reports 51183 planned job cuts in October, up from September's 30477, hinting at a year end downsizing surge.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
U.S. Com
Panies
Challenger, Gray & Christmas Inc
John A. Challenger
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Ear
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BTIA
Barkrupeyor Roekership
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