Now that it's reached 10.2%, the unemployment rate is higher than it's been in 26 years. That puts plenty of people on the hunt for work, especially since the unemployment rate doesn't reflect everyone who's been affected by the recession, such as those who have been unemployed too long or who are underemployed. Lacking alternatives at home, more Americans are heading overseas to find their fortunes weather the storm.

The number of people looking for international work through Manpower Inc. (MAN), the largest staffing firm in the country, has increased over the past six months. Half a year ago, Jeff Joerres, the company CEO, said that only a few dozen were looking for work outside the U.S. Now, it's up to 500. He tells USA Today, "It is a phenomenon we haven't had before."

Continue reading New U.S. export: labor

New U.S. export: labor originally appeared on BloggingStocks on Mon, 16 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

Continue reading Caterpillar (CAT) quarterly profit jumps 13% on strong global sales

Caterpillar (CAT) quarterly profit jumps 13% on strong global sales originally appeared on BloggingStocks on Fri, 18 Apr 2008 12:05:00 EST. Please see our terms for use of feeds.

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• Deutsche Bank upgraded shares of Royal Dutch Shell (NYSE: RDS.A, RDS.B) to Buy from Hold to reflect improved earnings momentum from higher oil prices and strong refining margins.

• JP Morgan raised Overseas Shipholding (NYSE: OSG) to Overweight from Neutral following meetings with management to reflect uncovered value in vessels the company leases from other shipping lines...

• Wachovia upgraded shares of Raymond James Financial (NYSE: RJF) to Outperform from Market Perform.

• Union Drilling Inc (NASDAQ: UDRL) was raised to Peer Perform from Underperform at Bear Stearns.

• Deutsche Bank upgraded BP plc (NYSE: BP) to Buy from Hold.

Analyst upgrades 7-06-07: BP, RDS.A and RJF originally appeared on BloggingStocks on Fri, 06 Jul 2007 10:00:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Citigroup cut CV Therapeutics Inc (NASDAQ: CVTX) to Sell from Hold with a $6 target due to the diminished market potential for Ranexa and its high operating expenses. First Albany downgraded shares to Neutral from Strong Sell to reflect the lack of catalysts.

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Analyst downgrades 3-28-07: CV Therapeutics, Deutsche Telecom downgraded today originally appeared on BloggingStocks on Wed, 28 Mar 2007 10:41:00 EST. Please see our terms for use of feeds.