Archives » July 3rd, 2008

Employment picture not pretty

Growing unemployment has become a trend, based on data released this week by one of the country’s largest outplacement firms.
Job cuts continued during June, as employers announced plans to reduce payrolls by 81,755 jobs, bringing the total number of job cuts announced during the last three months to 275,292.
Researchers at Challenger, […]

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IRS shortens deadline extension

The extended due date for business and individual tax forms usually falls on the same date, but the Internal Revenue Service has moved the extended due date for partnership, estate and trust tax returns from Oct. 15 to Sept. 15 to avoid the overlap.
The change is effective for extension requests for tax […]

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Heads-up for homeowners

If you need a home equity line of credit, it might help to know that the Federal Deposit Insurance Corp. has urged institutions to work with existing borrowers to mitigate financial hardships arising from home equity lines of credit reductions or suspensions.
The FDIC issued guidelines to financial institutions that – for […]

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State labor department to provide extended unemployment benefits

Up to 13 weeks of Emergency Unemployment Compensation is available for eligible individuals.
EUC benefits will be paid beginning the week of July 6; EUC benefits will not pay for weeks prior to this date.
The Colorado Department of Labor and Employment plans to contact all potentially eligible individuals by telephone and/or […]

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Analyst: GM not in immediate danger of bankruptcy

The Associated Press
DETROIT – An auto analyst with J.P. Morgan says General Motors Corp. is not in danger of an imminent bankruptcy, but will need to raise about $10 billion in cash to weather the downturn in U.S. auto sales.
Analyst Himanshu Patel said today during a conference call that fears of a […]

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Commentary: Train stations, reflections and the Midwest

By Lon Matejczyk
As I made my annual family pilgrimage back to the old world of Chicago and Wisconsin, I had plenty of time to reflect.
The flooding across the Midwest has turned many farm fields into ponds and lakes. I reflected on the farm houses and wondered what farm life was like. As […]

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