Money Minute: College Grads Upbeat About Job Prospects


Most students about to graduate college will be without a job when they pick up their diploma, but they're optimistic about getting one.

A new survey by Accenture (ACN) finds only 11 percent of the students graduating this spring had a job locked up two months ahead of time. They're still facing a tough job market. Accenture also found that fewer than half of those who graduated in the past two years are working full-time in the fields they prepared for. One more stat from this report: nearly four out of five students in this year's graduating class will have at least $10,000 of student debt.

The King of Pop is being resurrected yet again. A new Michael Jackson song debuts in an ad for Jeep. The new song -- "Love Never Felt So Good" -- features the Cherokee and Wrangler models in a new campaign focusing on having fun outdoors. A new album from the late King of Pop will be released later this month.

Democrats and Republicans in the House finally found something to agree on. At a congressional hearing Thursday, both expressed concerns about the impact of Comcast's (CMCSA) proposed takeover of Time Warner Cable (TWC). The lawmakers are worried about the potential cost to cable subscribers, as well as the access given to independent programmers, including regional sports networks. Ultimately, Congress has little say in the matter, but their objections could prompt the Justice Department and the FCC to impose restrictions, before signing off on the deal.

Here on Wall Street, the Dow Jones industrial average (^DJI) rose 32 points on Thursday, but the Standard & Poor's 500 index (^GPSC) fell 2 points, and the Nasdaq composite (^IXIC) lost 16.

Finally, have you seen joggers or people working out at the gym wearing funny looking shoes that look sort of like gloves for the feet? Well, Virbram, the maker of those FiveFingers running shoes, has agreed to pay $94 to consumers for each pair they bought. A class-action suit alleged the company made unsubstantiated claims about the health benefits of what's become known as "barefoot" running.

-Produced by Drew Trachtenberg.

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