Company reps ready to talk at job fair
Central Valley companies will recruit employees at a job fair Tuesday from noon to 4 p.m. at the Modesto Centre Plaza, 1000 L St. Admission is free. Jobseekers can speak one-on-one with company representatives who have immediate hiring needs. Opportunities range from sales and marketing to finance, telecommunications, social service, administration and public safety. Career specialists will be on hand to provide free individual résumé critiques. Attendees are encouraged to dress professionally, bring plenty of résumés and be ready to interview on the spot. For more information, visit http://jobjournal.com or call 888-843-5627 (THE JOBS).
Mortgage rates fall
Rates on 30-year mortgages fell slightly this week to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.47 percent this week, down from 6.52 percent, which had been the rate for the previous three weeks. The new rate was the lowest since the week of July 17, when 30-year mortgages were at 6.26 percent.
Forecast shows drop
A private- sector measure of the economy's health showed the largest drop in a year. The New York-based Conference Board said Thursday its monthly forecast of future economic activity fell 0.7 percent in July, far more than the consensus estimate of a 0.2 percent decline by Wall Street economists surveyed by Thomson/IFR. The last time the index showed a drop this great was last August, when it fell by 1 percent.
Securities deal set
Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies in settling with regulators over their roles in selling risky auction-rate securities to retail investors. The agreements bring to eight the number of global banks that have settled the five-month probe into claims they misled customers into believing the investments were safe. New York Attorney General Andrew Cuomo has now reached deals to buy back $57 billion worth of auction-rate securities.
Food inflation is here to stay -- and probably will get worse for some things.