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US services sector makes unexpected decline
Written on 8 Dec, 2009 at 15:57 in Business | viewed 37 views times | 0 Comments
The bulk of the world’s largest economy, the US services sector, dropped in November after two months of growth amid a budding recovery from recession, according to a private survey released Thursday. The Institute of Supply Management said its non-manufacturing... (Continue reading)
Comcast to acquire majority stake in NBC Universal
Written on 8 Dec, 2009 at 15:56 in Business | viewed 32 views times | 0 Comments
Comcast announced on Thursday that it plans to buy a majority stake in NBC Universal from General Electric, a move that would add to the US cable giant’s empire. Comcast will control 51 percent of NBC Universal, along with GE... (Continue reading)
US company finds new gas near Libya
Written on 8 Dec, 2009 at 15:55 in Business | viewed 45 views times | 0 Comments
The US petroleum firm Hess recently found new gas deposits off the Libyan coast in the Gulf of Sirte, Libya’s National Oil Corp (NOC) announced on Thursday. According to a statement from Hess, tests carried out by the company indicate... (Continue reading)
Bullet sales on the rise in U.S.
In a time of increased financial uncertainty – stemming from a dismal job market, a crumbling economy and government skepticism – Americans are spending record amounts of money on guns and ammunition, creating shortages in some places over the past... (Continue reading)
Cash for Clunkers generates 700,000 new car sales
Written on 3 Nov, 2009 at 22:05 in Business | viewed 71 views times | 0 Comments
WASHINGTON — The U.S. Transportation Department says the popular Cash for Clunkers program generated nearly 700,000 new car sales and came under the $3 billion budget for the monthlong program. The government said Wednesday dealers submitted 690,114 vouchers totaling $2.88... (Continue reading)
Corporate Bonds Are Overpriced
Written on 3 Nov, 2009 at 22:03 in Business | viewed 50 views times | 0 Comments
Matthew Craft The rally in corporate credit has lifted the fortunes of all types of companies, including many that are closely tied to economic growth. That’s good news for them: higher bond prices make it easier to refinance debt and... (Continue reading)
What Advertisers Will Pay For On News Sites
Written on 3 Nov, 2009 at 22:02 in Business | viewed 77 views times | 0 Comments
LOS ANGELES — On the Web, newspapers and magazines sell advertising products quite similar to the ads they peddle in print. Publishers typically sell advertisers on the notion that they can build their brands simply by plastering marketing messages next... (Continue reading)
Dell sees stronger second half
Written on 3 Nov, 2009 at 21:04 in Business | viewed 36 views times | 0 Comments
NEW YORK (CNNMoney.com) — Dell reported earnings that beat analysts’ estimates Thursday and said it expects stronger sales in the second half of the year, sending shares of the world’s second-largest PC maker up 5% after hours. The company said... (Continue reading)
While U.S. consumer spending rises unemployment jumps, too
Although Americans’ spending rose last month at its fastest pace in nearly 8 years, the number of new claims for jobless benefits rose last week, indicating a weak labor market would weigh on economic recovery. For the fourth straight month... (Continue reading)
Recession woes: senior citizens back to work
Written on 3 Nov, 2009 at 19:45 in Business | viewed 52 views times | 0 Comments
The worst U.S. economic recession in 70 years is forcing many senior citizens out of retirement to fight for jobs in a weak labor market, or otherwise risk homelessness, according to a recent private study. Released on Tuesday, the study... (Continue reading)
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