COMMODITIES

HP, Apotheker Downfall: Indecisiveness

The problem for HP and doomed CEO Leo Apotheker runs much deeper than the obvious, including a sagging stock price, TouchPad tablet and WebOS failure, and a damaged brand image. The simple cultprit has been corporate indecisiveness, which has run amok throughout every problem the company has faced. That's why Apotheker is apparently out of a job and Meg Whitman, the former eBay CEO is in. But even that very move smacks of indecisiveness, since Apotheker has only been on the job for one year.
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Oil slides $3 on economic gloom, dollar

Oil prices fell over $3 a barrel on Thursday, with U.S. futures touching $82.75 a barrel as a combination of signals heightened worries about global economic growth and a rallying U.S. dollar added to downward momentum.
iPhone 5

8 Reasons Why iPhone 5’s 'Delay' is Apple’s Gain in Disguise

Apple’s rumored upcoming iPhone 5 is the most awaited smartphone on the planet, even though no one outside Apple can even confirm if the phone exists. If it does, it is already facing major competition from the likes of Samsung Galaxy S2 and Motorola Droid Bionic.
At Issue: U.S. Tax Code

Tax Reform: Can Congress Undertake the Heavy-Lift?

Is the United States capable of tax reform? U.S. Ron Wyden, D-Ore., thinks so. Still, U.S. tax code revisions are arduous because they go to the core of the United States -- commerce -- and a tax code alteration can result in a change to a company's or group's slice of the economic pie.
Hewlett-Packard

If Apotheker is Out, is that Requiem for the 'HP Way?'

The world may know later Wednesday whether or not Leo Apotheker will remain CEO of Hewlett-Packard into his second year. After a year on the job, the HP leader's progress ought to be reviewed. But if a computer-savvy expert who's not been given much of a chance to put a strategy into effect is booted out, where is the HP Way?
A person uses the new Blackberry Bold 9900 at a release party to promote the BlackBerry OS 7 devices made by RIM in Toronto

October iPhone 5 Release Could Crush Sinking BlackBerry

Apple will hold a media event on Oct. 4 when the company will unveil its new, much-anticipated iPhone 5, according to reports. The release, likely adding Sprint as a sales partner, could deliver a crushing blow to the sinking and manufacturer Research in Motion (RIM).
Pedestrians walk outside a bank

IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
At Issue: U.S. Budget Deficit

Obama Tax Plan: ‘This Is Not Class Warfare, It’s Math’

President Barack Obama has thrown down the gauntlet regarding the deficit reduction process -- the only question is, does he have the support of the American people to enact his budget vision, or is substantive action unlikely prior to the 2012 election, due to divided government?
Drug arrests by NYPD have skyrocketed.

FBI: Violent Crime in U.S. Falls for 4th Straight Year

Violent crime in the U.S. declined for the fourth year in a row in 2010, the FBI announced Monday, in its annual Crime in the United States reported. All four categories of violent crime decreased, despite the fact budget cutbacks resulted in fewer law enforcement staff nationally. Pproperty crimes (excluding arson) victims lost an estimated $15.7 billion in 2010.
Obama and Boehner at jobs speech

Obama's 'Buffett Rule' Proposal Has Merit

Republicans are saying President Barack Obama's unveiling of a $3 trillion long-term deficit reduction plan -- dubbed the Buffett Rule -- that relies upon raising taxes on the wealthiest Americans is political posturing and window dressing.
U.S. Gas Prices

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.

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