Business News
AOL-Google revenue-sharing pact includes mobile, online video services
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
Google - AOL - Searching - Search Engines - Access Providers
Categories: Business News
25 percent of employed were jobless during recession, study says
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
Recession - United States - Unemployment - Employment - Education
Categories: Business News
Regulators fell short in identifying and addressing problems, Bernanke says
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
Ben Bernanke - Financial Crisis Inquiry Commission - Federal Reserve System - Financial crisis - Monetary policy
Categories: Business News
Retail sales, home contracts rise modestly
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
Retail - Business - Retail Trade - Business and Economy - Thomson Reuters
Categories: Business News
Put the millionaires' tax money to good use
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
Tax - Accounting - Politics - United States - Taxation
Categories: Business News
Finaid.org clock offers sobering message about rising student loan debt
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
Student loan - Business - Financial Services - Education - Financial Planning
Categories: Business News
Political Economy: First-time claims for jobless benefits down slightly
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
Economic - Social Sciences - Unemployment - United States - Recession
Categories: Business News
Political Economy: U.S. regulators fell short before financial crisis, Bernanke says
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
Financial crisis - Economic - Business - Social Sciences - Ben Bernanke
Categories: Business News
Automakers report weak sales; recession-wary customers steering clear of showrooms
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
GeneralMotors - Chrysler - Autos - Recreation - Makes and Models
Categories: Business News
U.S. auto sales hit a deep ditch
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
GeneralMotors - Chrysler - Autos - Recreation - Makes and Models
Categories: Business News
U.S. government charges Pakistani Taliban leader Hakimullah Mehsud in CIA attack
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
Tehrik-i-Taliban Pakistan - Afghanistan - Pakistan - Asia - Politics
Categories: Business News
Former Lehman Brothers CEO Fuld: U.S. regulators acted on 'flawed information'
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
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'
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
United States Congress - Congress - United States - People - Economic
Categories: Business News
Manufacturing rebound spurs biggest stock rally in months
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
Sports - Rallying - Motorsports - United States - United States dollar
Categories: Business News
SAIC reports 54 percent growth in second-quarter profit
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
United States - SAIC - General Motors - Services - Business
Categories: Business News
Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy
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
Harrisburg Pennsylvania - United States - Law - Services - Lawyers and Law Firms
Categories: Business News
Apple revamps iPods for fall product line
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
Apple - Netflix - Macintosh - Apple II - Television
Categories: Business News
Apple revamps iPods in fall product line
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
Apple - Netflix - Macintosh - Apple II - Television
Categories: Business News