U.S. Jobless Rate Drop a `Fluke,' Holtz-Eakin Says
Oct. 5 (Bloomberg) -- Douglas Holtz-Eakin, president of the American Action Forum and a former Congressional Budget Office director, talks about the September U.S. jobs report released today. The economy added 114,000 workers last month after a revised 142,000 gain in August, Labor Department figures showed. The unemployment rate unexpectedly fell to 7.8 percent. Holtz-Eakin speaks with Deirdre Bolton and Michael McKee on Bloomberg Television's "In the Loop." (Source: Bloomberg)
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Edgy Design Gives Puma Brand a Boost, Says CEO Gulden
01:38 - Puma SE reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market. Earnings before interest and taxes rose to 12 million euros ($13 million), Puma said in a statement Wednesday, beating analysts’ average expectation of 10.6 million euros. Sales rose 7 percent to 827 million euros, compared with the 820 million-euro consensus. The company fought negative currency-conversion effects by keeping a lid on costs. Chief Executive Officer Bjoern Gulden, three years into a turnaround effort, is balancing sports and style, pushing brash multicolored soccer cleats and a partnership with sprinter Usain Bolt. Gulden joined Bloomberg's Francine Lacqua on "The Pulse."