Lawmakers around the nation ignored important data when they passed legislation restricting the use of cell phone handsets in cars, and a new study released Friday shows the results: According to a report from the Insurance Institute for Highway Safety, “a new Highway Loss Data Institute study finds no reductions in crashes after hand-held phone bans take effect. ” The Data Institute is the research arm of the IIHS, and both institutes are wholly funded by the insurance industry. Continue reading Cell Phone Bans For Drivers Aren’t Reducing Crashes Cell Phone Bans For Drivers Aren’t Reducing Crashes originally appeared on DailyFinance on Fri, 29 Jan 2010 11:35:00. Filed Under: Technology , Insurance Permalink | Tweet this! | Comments

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The final consumer sentiment index for January unexpectedly surged to 74.4 — the highest in two years — up from a preliminary January reading of 72.8, the Reuters/University of Michigan Surveys of Consumers announced Friday, according to Reuters. Continue reading Consumer Sentiment Hits Two-Year High Consumer Sentiment Hits Two-Year High originally appeared on DailyFinance on Fri, 29 Jan 2010 12:00:00. Filed Under: Economy Permalink | Tweet this! | Comments

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By many measures, Webcor Builders is the greenest general contractor of any significant size on the planet. With $3.5 billion in 2009 revenues, Webcor derives 85% of its revenues from LEED (Leadership in Energy and Environmental Design) projects — the highest percentage of revenue of any large builder. In 2010, Webcor expects to get 99% of its revenue from LEED projects, a stunning statistic for California’s largest builder of hotels, office parks, high rises and other large projects. Continue reading The World’s Greenest General Contractor Talks About Our Efficient Future The World’s Greenest General Contractor Talks About Our Efficient Future originally appeared on DailyFinance on Sat, 26 Dec 2009 13:00:00. Filed Under: Energy , Technology , Green Permalink | Tweet this! | Comments

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Just in time for the holidays last year, Tom Smallwood was grappling with the fallout of losing his job. He had just been laid off at General Motors Co. ( GRM ) where he worked on an assembly line making seat belts for extended cab trucks. Now, almost a year to the day that he received his pink slip, Smallwood received one of the highest honors in bowling: He won the PBA World Championship, beating the reining Player of the Year Wes Malott 244 to 228. Continue reading Laid-Off GM Worker Finds Redemption at the PBA Championship Laid-Off GM Worker Finds Redemption at the PBA Championship originally appeared on DailyFinance on Wed, 16 Dec 2009 18:15:00. Filed Under: People , Media , General Motors Permalink | Tweet this! | Comments

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Filed under: Goldman Sachs , American International Group, INC. Goldman Sachs Group ( GS ) is at the focal point of the American public’s rage against Wall Street — and probably for good reason. The firm’s former chief executives have populated the highest echelons of American government, which has turned around and given Goldman — and its partner in the current financial collapse American International Group ( AIG ) — billions of dollars in taxpayer money. Now, as bonus season draws near, Bloomberg News reports that nervous Goldman Sachs partners are arming themselves. According to Bloomberg, some senior Goldman bankers are applying for gun permits ahead of the holidays for fear of the public’s reaction once they start receiving their year-end rewards. Continue reading Goldman’s call to arms: Bankers seeking gun permits ahead of bonus season Goldman’s call to arms: Bankers seeking gun permits ahead of bonus season originally appeared on DailyFinance on Tue, 01 Dec 2009 14:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Economy The nearly year-long positive trend in the U.S. housing sector is continuing. Existing home sales surged 10.1% in October to a seasonally adjusted annual rate of 6.1 million units, the National Association of Realtors announced Monday. That’s the highest level for existing home sales in more than two years. The consensus of economists surveyed by Bloomberg News had been for October existing home sales to come in at a 5.7 million unit annualized rate. The annualized existing sales number for September was revised to a 5.54 million units, and for August to 5.1 million units. Existing home sales are also up 23.5% in the past 12 months. Continue reading Existing home sales jump 10.1% in October Existing home sales jump 10.1% in October originally appeared on DailyFinance on Mon, 23 Nov 2009 12:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Technology , Google , Microsoft , Yahoo Internet titan Google ( GOOG ) increased its Web search market-share again in October, while No. 2 Yahoo ( YHOO ) lost share at a “scary” pace, in the words of one analyst. Bing, Microsoft’s ( MSFT ) new service and the No. 3 player, also registered gains, reported ComScore, an Internet metrics company. Overall, Google’s web search share climbed to 65.4% last month, up from 64.9% in September. Microsoft rose to 9.9% from 9.4%, while Yahoo fell to 18% from 18.8%. October saw the fifth consecutive share increase for Microsoft. But Google’s share increased to the highest level ComScore has ever registered for the company. “Tonight’s data was positive for Google and Microsoft, and scary for Yahoo,” Broadpoint AMTech internet analyst Ben Schachter said in a note to clients. Continue reading Google eats more Web search share as Bing also rings up gains, Yahoo falters Google eats more Web search share as Bing also rings up gains, Yahoo falters originally appeared on DailyFinance on Mon, 16 Nov 2009 21:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Economy The nearly year-long, positive trend in the U.S. housing sector continues. Boosted by the $8,000 federal credit for first-time home buyers, U.S. existing home sales surged 9.4 percent in September to a seasonally adjusted annual rate of 5.57 million units, the National Association of Realtors announced Friday . It’s the highest level for existing home sales in more than two years. Economists surveyed by Bloomberg News had expected September existing home sales to total a 5.35-million-unit annualized rate. Existing sales totaled a 5.1 million-unit annual pace in August. Further, existing home sales are also up 24 percent since bottoming in January. Continue reading Existing home sales rebound, surging 9.4 percent in September Existing home sales rebound, surging 9.4 percent in September originally appeared on DailyFinance on Fri, 23 Oct 2009 11:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Investing , Goldman Sachs While aggressive corporate cost cutting is helping keep bottom lines from shrinking as fast as they otherwise might, the real problem for investors is the even bigger plunge in the sales of their top lines. Yet if a Goldman Sachs Group ( GS ) analyis is correct, there are three industries which should enjoy a boost in revenues. So, it might be worth looking at stocks in those industries. Before getting into those three sectors, it is worth noting that most companies have been beating Wall Street earnings expectations this year, which could help explain the rise in the stock market. The New York Times reports that almost 75 percent of S&P 500 companies have already announced quarterly results that beat analysts’ forecasts. In the first quarter of 2009, roughly 66 percent of the S&P 500 exceeded those expectations. Continue reading Should you invest in industries with the highest sales growth projections? Should you invest in industries with the highest sales growth projections? originally appeared on DailyFinance on Sun, 04 Oct 2009 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Economy , Earnings , Molson Coors Brewing Company Beer drinkers across America will soon find that it costs more to buy that next round at the bar or six-pack at the store, following announcements by the nation’s two largest brewers that they plan to raise prices this fall — just in time for football season. Anheuser-Busch ( AHBIF ), the world’s largest brewer and maker of Budweiser, and MillerCoors, a unit of Molson Coors ( TAP ), both said higher prices are on tap in response to reduced demand for their products, although neither company would say how much the increases would be. Continue reading Joe Six-pack braces as beer prices rise Joe Six-pack braces as beer prices rise originally appeared on DailyFinance on Wed, 26 Aug 2009 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Joe Six-pack braces as beer prices rise