Community banks, credit unions gain favor
In the past 12 months, 14.4 percent of American adults have moved their accounts from large commercial banks to community banks or credit unions, according to a Zogby International poll. Of those who switched, 60 percent said they did so to protest the policies of large banks.
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Bonuses for Wall Street are up
Wall Street bonuses are set to rise 15 percent this year from 2009. That may help explain why luxury retailer Tiffany & Co. has raised its full-year earnings estimate to $2.77 a share from $2.65, on strong growth in retail transactions of $500 or more.
HuffingtonPost.com
October sees five month high in employment gains
Forty-one states saw employment gains in October, the best results in five months, the U.S. Labor Department said. Nevada’s unemployment rate, the nation’s highest, fell from 14.4 percent to 14.2 percent. North Dakota had the lowest, at 3.8 percent.
Associated Press
Assessing “The Twelve Days of Christmas”
The swans, dancing ladies, and other goods itemized in “The Twelve Days of Christmas” would cost $96,824 this year, a 10.8 percent increase over last year, says PNC Wealth Management in its 27th annual valuation of the song’s inventory. Five gold rings saw the biggest jump—a 30 percent rise to $649.95.
USA Today
Airport security hassles benefit chartered jets
Demand for chartered jets rose 52 percent last month over November 2009, says the Air Taxi–Air Charter Association, a trade group. The group cites economic recovery and the “hassle factor” of airport security as key factors contributing to increased demand.
Los Angeles Times