Back to: Your Money Matters
December 13, 2011 01:25 PM

Tuesday Afternoon Business Brief

Two strong auctions of European debt have reassured investors.
The stock market was mounting a recovery after yesterday's declines.
  • U.S. employers advertised slightly fewer jobs in October, marking a decline from the three-year high hit in the previous month. The Labor Department says companies and governments posted 3.3 million jobs in October, down from 3.4 million in September.
  • The start of the crucial holiday shopping season last month helped produce a sixth straight monthly increase in retail sales. Gift-buying Americans spent more on clothing and electronics, while sales of cars and furniture also rose.
  • The presidential dollar coin has fallen victim to Washington's cost cutting efforts. The White House says it is stopping nearly all production of the coins, which carry the likeness of every deceased president. The effort will save taxpayers $50 million a year in production and storage costs.
  • Questioned by senators he once served with, Jon Corzine has told a panel he never told anyone to "misuse" customer money that vanished when MF Global collapsed this fall. An estimated $1.2 billion in client funds are missing. The collapse marked the eighth-largest bankruptcy in U.S. history.
  • Business
  • Economy/Stocks

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