Business News

AOL-Google revenue-sharing pact includes mobile, online video services

National Business News - Thu, 2010-09-02 22:45
AOL and Google announced Thursday a five-year renewal of their revenue-sharing pact, which will now include mobile search and online video, two areas that AOL chief executive Tim Armstrong called critical to the future of his company as it tries to revamp and return to profitability.


Google - AOL - Searching - Search Engines - Access Providers
Categories: Business News

25 percent of employed were jobless during recession, study says

National Business News - Thu, 2010-09-02 22:32
Just over a quarter of the nation's 139 million currently employed workers endured a bout of unemployment during the Great Recession, according to results of a Pew Research Center survey released Thursday. And they tend to be less satisfied in their current jobs than are other workers.



Recession - United States - Unemployment - Employment - Education
Categories: Business News

Regulators fell short in identifying and addressing problems, Bernanke says

National Business News - Thu, 2010-09-02 21:52
Regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were slow to identify and address abuses in the U.S. financial system that led to global economic crisis, Federal Reserve Chairman Ben S. Bernanke told a panel investigating the financial ...


Ben Bernanke - Financial Crisis Inquiry Commission - Federal Reserve System - Financial crisis - Monetary policy
Categories: Business News

Retail sales, home contracts rise modestly

National Business News - Thu, 2010-09-02 21:28
Americans have not lost their will to spend, according to a modest and surprising bump in retail sales last month and the number of contracts signed by home buyers in July.


Retail - Business - Retail Trade - Business and Economy - Thomson Reuters
Categories: Business News

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National Business News - Thu, 2010-09-02 21:28
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Put the millionaires' tax money to good use

National Business News - Thu, 2010-09-02 20:16
If Democrats can't make a convincing case for raising taxes on 315,000 millionaires and using the money to rebuild the country's aging infrastructure, then maybe they don't deserve to be reelected.


Tax - Accounting - Politics - United States - Taxation
Categories: Business News

Finaid.org clock offers sobering message about rising student loan debt

National Business News - Thu, 2010-09-02 16:46
In Midtown Manhattan two years ago, the billboard-size clock that keeps track of the U.S. national debt ran out of digits when the figure ballooned to $10 trillion.


Student loan - Business - Financial Services - Education - Financial Planning
Categories: Business News

Political Economy: First-time claims for jobless benefits down slightly

National Business News - Thu, 2010-09-02 14:33
The number of U.S. workers filing for unemployment benefits fell only slightly last week and productivity at businesses dropped for the first time in eight quarters, according to government statistics released Thursday, reflecting an economic recovery that continues to stall.


Economic - Social Sciences - Unemployment - United States - Recession
Categories: Business News

Political Economy: U.S. regulators fell short before financial crisis, Bernanke says

National Business News - Thu, 2010-09-02 09:03
U.S. regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were "slow to identify and address abuses" in subprime mortgage lending before the financial crisis, Federal Reserve Chairman Ben S. Bernanke said in prepared remarks.


Financial crisis - Economic - Business - Social Sciences - Ben Bernanke
Categories: Business News

Automakers report weak sales; recession-wary customers steering clear of showrooms

National Business News - Thu, 2010-09-02 00:32
Chastened by the recession, more U.S. consumers have become cheapskates: They are saving more and driving older cars. And that, in part, explains the historically dismal sales reports released Wednesday by automakers.


GeneralMotors - Chrysler - Autos - Recreation - Makes and Models
Categories: Business News

U.S. auto sales hit a deep ditch

National Business News - Thu, 2010-09-02 00:00
Auto sales were weak in August, partly because of the weak economy, partly because this year's numbers fall well short of last years's numbers, which were spiked by the government incentive program known as "Cash for Clunkers."


GeneralMotors - Chrysler - Autos - Recreation - Makes and Models
Categories: Business News

U.S. government charges Pakistani Taliban leader Hakimullah Mehsud in CIA attack

National Business News - Wed, 2010-09-01 23:07
The U.S. government designated the Pakistani Taliban a terrorist group Wednesday and charged its leader, Hakimullah Mehsud, with involvement in a December suicide bombing that killed seven Americans at a remote CIA operating base in Afghanistan.


Tehrik-i-Taliban Pakistan - Afghanistan - Pakistan - Asia - Politics
Categories: Business News

Former Lehman Brothers CEO Fuld: U.S. regulators acted on 'flawed information'

National Business News - Wed, 2010-09-01 22:10
U.S. regulators acting on "flawed information" denied Lehman Brothers the bailout assistance that its Wall Street competitors received, dooming the investment bank to collapse, former company chief executive Richard S. Fuld said Wednesday.



Lehman Brothers - Financial Crisis Inquiry Commission - Financial crisis - Richard Fuld - Business
Categories: Business News

Chief economist calls on Congress to 'finish the job of economic recovery'

National Business News - Wed, 2010-09-01 21:37
Departing White House chief economist Christina Romer urged Congress on Wednesday to "finish the job of economic recovery" by pumping more cash into the economy through additional tax cuts for businesses and middle-class families, as well as fresh investments in the nation's infrastructure.


United States Congress - Congress - United States - People - Economic
Categories: Business News

Manufacturing rebound spurs biggest stock rally in months

National Business News - Wed, 2010-09-01 20:43
After their worst August in nine years, stocks kicked off September with a big snap-back rally, following the release Wednesday of surprisingly good news about the U.S. manufacturing sector.


Sports - Rallying - Motorsports - United States - United States dollar
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National Business News - Wed, 2010-09-01 20:43
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SAIC reports 54 percent growth in second-quarter profit

National Business News - Wed, 2010-09-01 20:02
Government contractor Science Applications International Corp. says its second-quarter profit grew nearly 54 percent as it refocused its business on key growth areas, such as cybersecurity, energy and health.


United States - SAIC - General Motors - Services - Business
Categories: Business News

Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy

National Business News - Wed, 2010-09-01 19:22
The city of Harrisburg has said that it will not make a $3.3 million municipal bond payment due in two weeks, a decision that could move the Pennsylvania capital closer to bankruptcy.


Harrisburg Pennsylvania - United States - Law - Services - Lawyers and Law Firms
Categories: Business News

Apple revamps iPods for fall product line

National Business News - Wed, 2010-09-01 16:50
Apple Inc. introduced a new line of iPods today, touting new colors, improved camera functionality and better battery life. Here is a play-by-play of Steve Job's demonstration of the music players to the public. Read more about Apple's fall product line on Faster Forward.



Apple - Netflix - Macintosh - Apple II - Television
Categories: Business News

Apple revamps iPods in fall product line

National Business News - Wed, 2010-09-01 16:33
Apple Inc. introduced a new line of iPods today, touting new colors, improved camera functionality and better battery life. Here is a play-by-play of Steve Job's demonstration of the music players to the public. Read more about Apple's fall product line on Faster Forward.


Apple - Netflix - Macintosh - Apple II - Television
Categories: Business News

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