STOCKS END GIGANTIC WEEK WITH GIGANTIC RALLY: Here’s What You Need To Know (OIL, GLD, SLV, SPY, QQQQ, TLT, TBT)
Posted on July 1st, 2011
Jaw dropper.
But first, the scoreboard:
Dow: +165.71NASDAQ: +41.45S&P 500: +18.69
And now, the top stories:
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Borders says it has an opening bid
Posted on July 1st, 2011
ANN ARBOR, Mich., July 1 (UPI) — Bookstore chain Borders said it had a purchase agreement with Direct Brands, which would put in the starting bankruptcy auction bid for the U.S.
Tags: Bid
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IRS Announces Tax Filing Relief for NC Victims of April 16 Storms
Posted on June 30th, 2011
GREENSBORO — Victims of severe storms, tornadoes and flooding on April 16, 2011 in parts of North Carolina may qualify for tax relief from the Internal Revenue Service.
The President has declared the following counties a federal disaster area: Bertie, Bladen, Cumberland, Halifax, Harnett, Johnston, Lee, Onslow, Wake and Wilson. Individuals who reside or have a business in these counties may qualify for tax relief.
As a result, the IRS is postponing until June 30 certain deadlines for taxpayers who live or have a business in the disaster area. This includes the April 18 deadline for filing 2010 individual income tax returns, making income tax payments and making 2010 contributions to an individual retirement account (IRA).
In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after April 16 and on or before May 2, 2011, as long as the deposits were made by May 2, 2011.
If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. P Read full article…
Tags: April 16, Storms
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Facebook Shows Signs of Slowing
Posted on June 30th, 2011
Questions continue to rise for the social media giant Facebook as the company considers an initial public offering next year. Inside Facebook reports that the website saw losses last month in its earliest adopters, the U.S. and Canada, even as its worldwide customer base grew.
The website found that Facebook had grown to around 687 million active users through May, from more than 675 million at the start of the month. Though this represents 1.7 percent growth, the U.S. actually lost nearly 6 million users last month and another 1.5 million from Canada.
These losses were more than made up for by huge gains in Brazil, Mexico and Thailand, each of which saw more than 7 percent growth, with Brazil reaching as high as 10 percent.
The Financial Times notes, however, that last year Mark Zuckerberg had revealed to IF that the site used to see around 3 percent growth per week, showing the site has clearly substantially slowed its gains. Read full article…
Tags: Facebook, Facebook Shows
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Limited schedule of planned Legoland park raises questions
Posted on June 30th, 2011
That philosophy seems to apply to its operating schedule after it opens Oct. 15.
Legoland Florida will be open from 10 a.m. to 5 p.m. and will be closed on Tuesday and Wednesday, in glaring contrast to the seven-day, late-night schedules of the established theme parks in the Orlando area.
The attraction had not yet released the operating schedule when it began selling annual passes at a discount. The discount ended April 30, but spokeswoman Jackie Wallace said the attraction has not received any complaints from buyers about the schedule.
Legoland Florida will follow the same general format as Legoland California, which opened in 1999 and has been successful, said Kim Isemann, director of sales and marketing at the Winter Haven park.
“Once we all got here from our team, we started having conversations with the team in California and tried to see where it would work for us to apply the same model,” Isemann said.
Tags: Legoland, Legoland Park
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Summertime Promotional Tips and Strategies – Part 3
Posted on June 30th, 2011
While there are many ideas you can use to promote summer sales, you may have questions on how to effectively initiate and commence your summer promotion strategy. Here in Part 3 we bring you five more summer marketing tips to get you started on an action plan.
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Send out Newsletters
Through your contact gathering efforts, you should have a sizeable list of current customers and interested potential consumers on your email or mailing list. Use your monthly or quarterly newsletter to announce your summer marketing plans. Explain how your customers can take advantage of sales with a clear call to action in the newsletter, and be sure to provide additional summer tips and ideas that your customers can use or benefit from.
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Form a Joint Venture
Summer is a great time to join forces with another small business owner and form a joint venture.
Tags: Part, Strategies Part
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Athens and BofA boost shares
Posted on June 29th, 2011
NEW YORK, June 29 (UPI) — U.S. markets rose Wednesday after Greece approved an austerity budget that secures a European Union bailout package.
Uncertainty over government debt in Europe has held investors back for weeks. Equities rose across Asia and Europe.
Bank of America said it had reached an $8.5 billion settlement with big investors that purchased bundled securities before the financial crisis hit. Although expensive, investors saw the settlement as positive in the long term as BofA shares rose 2.96 percent.
By close of trading on Wall Street, the Dow Jones industrial average added 72.73 points or 0.6 percent to 12,261.42. The Standard & Poor’s 500 index gained 10.74 or 0.83 percent to 1,307.41. The Nasdaq composite index added 11.18 or 0.41 percent to 2,740.49.
On the New York Stock Exchange, 2,092 stocks advanced and 905 declined on a volume of 3.7 billion shares traded.
The benchmark 10-year treasury note fell 21/32 to yield 3.114 percent.
The euro rose to $1.4431 from Tuesday’s $1.4371.