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Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, while the estimate was 375,000. Companies are believed to be holding back hiring and investment as overseas demand slow, and potential tax increases and government spending cuts threaten growth.

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Existing Home sales increased 7.8% to a 4.82 million annual rate (highest level in two years), beating estimates of 4.56 million on record-low mortgage rates, ...
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International Purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe. Net buying totaled ...
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Marriott To Open A Luxury Bronx Hotel

In a major milestone for the Bronx, New York, Simone Development Companies today announced that Marriott has signed an agreement to operate a luxury hotel as the centerpiece of Simone Development's new Metro Center Atrium mixed-use project....
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Electric Trucks To Roll Out Of Bronx

Smith Electric Vehicles Corp. will begin assembling electric trucks at a new facility in Bronx, by the end of the year....
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Manufacturing in the NY region shrank more than forecast in September, with the index dropping to -10.41 (signaling contraction) from -5.85 in August as orders ...
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The Federal Reserve undertakes QE3 with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost growth and reduce unemployment. ...
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Perrigo Company Hires Ralf Kahl As Controller

Perrigo, a leading pharmaceutical supplier, announced today that Ralf Kahl has been hired as Controller for the Finance team. In this role, Kahl is responsible for managing finances, budgeting and expense approval for the company’s New York location. He will be working at Perrigo’s Bronx, NY site....
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Equities:DJIA: 13,333 (+0.07%)S&P500: 1,437 (+0.21%)Nasdaq: 3,114 (+0.32%)EuroStoxx: +0.28%Nikkei: 1.73%Hang Seng: 1.10% Equities rise on the German court ratifying the bailout fund. France wants Spain to snub ...
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Consumer borrowing in the U.S. unexpectedly decreased in July by $3.28 billion (estimated $9.2 billion increase) for the first time in nearly a year, after ...
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Bronx Startup Wins $15K Prize

Curatio HCS, a home care provider dedicated to serving underserved communities in Bronx and Upper Manhattan, today took home the $15,000 grand prize in the New York Public Library’s third annual StartUP! Business Plan Competition....
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ECB President Mario Draghi said policy makers agreed to an unlimited bond purchase program in order to control interest rates and fight speculation of currency ...
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ECB's bond buying plan said to pledge unlimited, sterilized bond buys to assuage concerns about printing money. The plan is believed to focus only on ...
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Bonds of financials are returning more than those of industrial firms for the first time since 2005 as banks cut debt amid regulation and companies ...
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Financial Markets Closing

Corporate bond sales globally are approaching busiest August on record as yields are push to lows on investors favoring safer products. Purchases increased 0.4% in July, ...
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Financial Markets Closing

US GDP’s grew at a 1.7% annual rate from April through June, up from an initial estimate of 1.5%. Stated in its Beige Book survey ...
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Financial Markets Closing

Home prices in 20 U.S. cities climbed in June for first time since 2010. Equities:DJIA: 13,103 (-0.17%)S&P500: 1,411 (+0.03%)Nasdaq: 3,077 (+0.13%)EuroStoxx: -0.80%Nikkei: -0.57%Hang Seng: +0.07% Lexmark announces ...
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The Next Generation Of American Business: GardnerGlobal, Inc.

“I’m just a cat from the hood in a suit.” Simply stated, and although it is quite a concise and accurate testimony, one look at ...
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Financial Markets Closing

M&T Bank Corp agrees to buy Hudson City Bancorp for $3.7 billion in biggest takeover this year in the banking industry. Equities:DJIA: 13,125 (-0.25%)S&P500: 1,410 (-0.07%)Nasdaq: ...
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What's New
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Made In China 2025 - Not To Worry!

The Chinese way of running their economic system is quite brilliant. I tip my hat to them.
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Bronx Company Takes Over Troy Nursing Facility

Centers Health Care has acquired all of the facilites of the former Capital Living Group, including The Springs Nursing and Rehabilitation Centre, an 80-bed, skilled nursing facility on Marvin Avenue in South Troy.
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Häagen-Dazs Ice Cream Is From Bronx—So What’s With The Name?

Häagen-Dazs ice cream is one of the most fascinating and strangest linguistic marketing attempts that has ever actually succeeded.
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Bronx Food Hub Project Wins $2.5m In Federal Funding

A plan to create a new farmers market complex in Bronx has been awarded nearly $2.5 million in federal funding.
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Orchard Beach Parking Should Be $60 For The Summer Season, BP Diaz Says

As beach season comes to a close, Bronx Borough President Ruben Diaz Jr. is looking ahead to next year by asking that the city begin offering discounted season passes for parking at Orchard Beach, also known as the "Bronx Riviera," when it reopens.
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Fulton Fish Market Delivers Fresh Seafood To Your Door

For more than 180 years, the Fulton Fish Market has been supplying the freshest seafood to culinary lovers world-wide. Now, you can enjoy fresh seafood straight to your door.
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Saks OFF 5th Replaces Last Bronx Barnes & Noble

Not all Bronx residents are happy after a Saks OFF 5th department store is slated to open at the former Barnes & Noble in Bay Plaza.
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In A Nod To Its Roots, Zaro’s Is Opening Two Bakeries In Bronx

There were 20 Zaro’s bakeries in Bronx in the 1970s, but they closed over the decades as sales declined, according to the Zaro family. In Co-op City, a sprawling development, residents still remember the Supreme Court Justice Sonia Sotomayor as a teenager working in the local Zaro’s.
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Bronx Native Collected Cans To Fund His Leather Goods Brand

Noel Veloz, CEO and Co Founder Hemincuff, is the 26 year old designer’s very own leather goods brand. He was born and raised in the Castle hill projects in the Bronx which is a dangerous neighborhood with constant crime.
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Clinton Hall Is Coming To Bronx

Clinton Hall (the famous one in Manhattan in FiDi) is coming to Bronx.

Featured Author
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Raymond J. Keating

Raymond J. Keating is the editor and publisher of the Keating Reports, which operates the Long Island Sentinel. He is a writer, commentator and economist, who wrote a column for Newsday for more than a decade, and is now a columnist with Long Island Business News and Dolan Media Company. The views expressed by Keating are strictly his own.