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The Two-Way
8:12 am
Thu February 6, 2014

GM Posts Disappointing Fourth-Quarter Earnings

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

Originally published on Thu February 6, 2014 11:51 am

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

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The Two-Way
7:57 am
Thu February 6, 2014

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

Originally published on Thu February 6, 2014 9:48 am

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

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The Two-Way
7:16 am
Thu February 6, 2014

It's Freezing, And Power's Out For Hundreds Of Thousands

In Philadelphia on Wednesday, a woman ducked under a utility line that was brought down when an ice-covered tree fell.
Matt Rourke AP

Originally published on Thu February 6, 2014 10:06 am

Temperatures are going to stay below freezing for the next few days across the Northeast, and that's not good news for a half-million or so households and businesses in southeastern Pennsylvania. Many won't have electricity again until Friday or the weekend.

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Business
7:13 am
Thu February 6, 2014

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 9:59 am

The company announced Tuesday that Nadella will replace Steve Ballmer, who announced last summer that he'd retire. Nadella, Microsoft's third CEO, has been with the company for 22 years.

It's All Politics
6:22 am
Thu February 6, 2014

Senate Retreats Offer Chance To Bond, Plot Strategy

President Obama's motorcade returns to the White House after visiting with Senate Democrats at their retreat at Washington Nationals Park.
Carolyn Kaster AP

It was annual Senate retreat time in Washington this week, a moment when senators get away from the U.S. Capitol, free themselves of their staffs and daily legislative, office and fundraising chores, and try to gain some fresh perspective.

They didn't go far, mind you. Senate Democrats met Wednesday at Washington Nationals Park about a mile and half away from Capitol Hill, still in sight of the Rotunda. Republicans merely repaired to their usual place across the street from the Capitol, the Library of Congress.

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