U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
The stark truth of the matter is that unless the private sector starts hiring en masse (including non-profit organizations), absent a surge in exports, it will be up to the public sector to provide stimulus to create jobs.
Imagine what it would be like to be unemployed for fifty years.
The iPhone 4S, the final gadget unveiled during Apple co-founder Steve Jobs' lifetime, hit Indian stores on Friday with a starting price of 44,500 rupees.
Nokia Siemens Networks plans to eliminate 17,000 jobs worldwide by the end of 2013 in an effort to streamline business operations, the company announced Wednesday.
The parent corporations are considering a public float of Nokia Siemens shares in order to dispose of the struggling subsidiary.
Struggling telecoms gear maker Nokia Siemens Networks is to axe 17,000 jobs to help cut annual operating costs by around 1 billion euros ($1.35 billion).
Apple's legal success continues, as the company won a whopping 31 new patents with the U.S. Patent and Trademark Office. The patents range from inventions to strategic acquisitions.
Tunisia's Islamist-led ruling coalition will keep the country's ministers of defence and finance and the central bank governor in their posts when it announces a new government, a senior coalition source told Reuters on Monday.
Academy Award-winning actor George Clooney is reportedly up for a possible role depicting the late Apple co-founder Steve Jobs in an upcoming biographical film.
A top tech analyst is predicting that Amazon is likely to release its own smartphone for under $200 next year. Citigroup analyst Mark Mahaney said in a research note that Amazon may sell the smartphone for as little as $170. Citing supply-chain channel checks in Asia, he said Amazon may release its first-ever smartphone by the fourth quarter of 2012.
Wells Fargo & Co plans to cut technology and operations jobs by the end of this year as the bank tries to eliminate more than $1.5 billion of quarterly operating expenses.
For 70 raw, revealing minutes -- a year before his comeback at Apple -- Steve Jobs was captured on tape ... wry, emotional and bitter.
New U.S. claims for jobless benefits hit a seven-month low last week and permits for future home construction rebounded strongly in October, the latest data to suggest the economy was gaining traction.
A study analyzing the first three years of the Regional Greenhouse Gas Initiative predicts the program will add more than $1.6 billion in economic value to the 10 participating states while encouraging the development of clean energy sources.
Thousands of former MF Global Holdings Ltd customers may recover $520 million of cash held in their accounts by early next week, even as the bankrupt brokerage lays off more workers.
Banks are shedding jobs worldwide as stricter regulations and a tough six months for trading income take their toll on investment banking units.
Citigroup In c may cut slightly more than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter said.
Citigroup plans to cut approximately 3,000 jobs, or around one percent of its workforce, continuing a pattern of job cuts on Wall Street.
Apple elected Genentech CEO Arthur Levinson as its second Chairman, following the Oct. 5 death of Steve Jobs.
Wireless expert John Stanton revealed that Jobs explored the possibility of replacing carriers by establishing Apple's own Wi-Fi Network for the original iPhone, launched in 2007.
Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.