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Unemployment Extension gets House Approval

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(Best Syndication News) - The House of Representatives approved the unemployment benefits extension bill with 272-152 votes in favor of the bill only one day after being sent from the Senate. The next step is for President Obama to sign the the unemployment benefits extension into law.

Unemployment benefits extension bill has passed Senate with a vote of 59-39. Since June 2nd there have been approximately 2.5 million people that have had their unemployment benefits lapse. In California, there are around 400,000 that have lost their benefits since the beginning of June. The new legislation will restore these unemployment benefits to those people retroactively.

Wells Fargo closing 638 Financial Stores with 3,800 Jobs being eliminated

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Best Syndication News

(Best Syndication News) - Wells Fargo announced that they will be closing 638 of their Wells Fargo Financial stores across the US. Out of the 14,000 employees that work at Wells Fargo Financial, there will be approximately 2,800 jobs that will be eliminated over the next 60 days. They estimate that another 1,000 employees will be laid off in the next 12 months.

This restructuring of their financial division does not affect any of the 6,600 Wells Fargo and Wachovia Community Banking stores and 2,200 Wells Fargo Home Mortgage stores.

The closing of the Wells Fargo financial division was initiated because the company had merged with Wachovia in 2008. They now have 6,600 Wells Fargo and Wachovia community bank stores and have 2,200 Wells Fargo Home Mortgage locations. They note that only 2 percent of all of Wells Fargo's real estate loans came from the Wells Fargo Financial stores in the first quarter of this year.

Real Estate - Top Reasons why People Move

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[Best Syndication News] According to data collected by the US Census, they found out common reasons why people moved. Here are a few of the reasons people said they move from their home and move into another new home.

According to the National Association of Realtor website, There was 13.5 percent that said the reason they moved were for other family reasons. 10.8 percent said that they moved because they wanted to have their own household. New job or a new job transfer was given as the reason for relocation to a new residence for 8.6 percent surveyed. There was 6.5 percent that moved to be closer to their workplace. There was 5.8 percent that moved because they had a change in marital status and another 5.8 percent said that they wanted to own a home and not rent anymore. There was 3.8 percent that said the reason for moving was for other job related reasons. There was 2.4 percent said they moved to either look for work or because they lost their jobs. There was one-half a percent that said they moved because they retired.

American Express Business Travel – Tips for planning for Canceled Flights

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[Best Syndication News] The business world didn't stop when the Volcanic Ash in Europe halted flights in Europe, that is why American Express Business Travel is offering an automated central command post which comes with customers that subscribe to the business continuity suite.

According to American Express Business Travel there was over 150,000 travelers in their client base that had experienced travel cancellations. If in the event a business professional does get stranded for a duration of time, the business continuity suite would help with an online central command post that would give them access to traveler tracking tools and be able to instant message employees. In addition to this the suite also has after-hours services and a telepresence/teleconference feature which could mean that business could still go on if travel isn't available.

Federal Unemployment Extension 2010 – Obama signed into Law

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[Best Syndication News] President Obama signed into law an unemployment extension which will restore benefits to many that were losing them. Unemployment benefits began to run out for over 400,000 people on April 5th because congress went on Spring break before finalizing the legislation.

The unemployment extension will cost the government approximately $18 billion to provide financial assistance through June 2nd, 2010. The new legislation will also cover an extension through May for COBRA, Medicare, and national flood insurance.

Senator Tom Coburn who is a Republican from Oklahoma initially stalled the bill with a filibuster by voting against an emergency approval for the extension. The reason was that he wanted to go throught the budgeting process that is traditionally done. Because of the delay the bill was put on hold while the senators went on Spring break. During this time unemployment benefits started to run out.

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