Record-high long-term unemployment is testing politicians and central bankers to the utmost as the impact of a shortfall in demand is amplified by an aging population, a mismatch of skills and inadequate efforts to get people back to work.
IBT Staff Reporter
Sep 29, 2011
Two economic reports released Thursday may give encouragement to the U.S. stock market's bull, or those who calculate the market is headed higher -- initial jobless claims plunged 37,000 to 391,000 last week and U.S. GDP in second quarter was revised slightly higher, to 1.3 percent from 1.0 percent.
Joseph Lazzaro
Sep 29, 2011
Ford Motor Co. on Thursday stuck to its target of adding 7,000 jobs in the U.S. over the next two years, saying it sees an economic expansion there and not a double-dip recession.
IBT Staff Reporter
Sep 29, 2011
How palatable is the prospect of a new iPhone version being unveiled without the iconic leader having any role at all?
Jijo Jacob
Sep 29, 2011
South Africa needs to work harder to boost the current sluggish rate of creating jobs, with the employment still well below 2008 levels, President Jacob Zuma said on Wednesday.
IBT Staff Reporter
Sep 29, 2011
Private African-American businesses, especially in areas with large black populations like the greater Washington, D.C., area and Los Angeles have done well, winning major federal contracts for critical IT projects. The important thing is not to be the CEO of Xerox, eAccess founder John W. Templeton told IBTimes. The important thing is to be the one who creates the next imaging device.
David Zielenziger
Sep 28, 2011
The U.S. Senate will likely take up President Barack Obama's jobs bill in October, but Senate Majority Leader Harry Reid, D-Nev,. says he has a more important jobs bill to bring to the Senate floor first: one that treats China's fixed yuan as an anti-competitive trade practice.
Joseph Lazzaro
Sep 28, 2011
The speculated release of the iPhone 5 smartphone by Apple (AAPL) will likely juice the shares of AT&T's (T) by attracting hundreds of thousands of younger adult subscribers to AT&T's stable. Those extra subscribers should also help T improve its network quicker -- something the company needs to do.
Joseph Lazzaro
Sep 28, 2011
It's a U.S. economy in which you take the good news where you can get it, and Wednesday the nation received some: President Barack Obama's $447 billion jobs plan would help avoid a recession by maintaining GDP growth and lowering unemployment, according to a new survey of economists.
Joseph Lazzaro
Sep 28, 2011
Tokyo Electric Power Co <9501.T> will be advised to cut 7,400 jobs, or about 14 percent of its full-time employees, by March 2014 as part of a plan to help it pay compensation for the Fukushima Daiichi nuclear disaster, the Yomiuri newspaper said on Wednesday.
IBT Staff Reporter
Sep 28, 2011
Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
IBT Staff Reporter
Sep 27, 2011
Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
IBT Staff Reporter
Sep 27, 2011
The Amazon Kindle Fire tablet will be revealed in New York on Wednesday, according to reports. Already, media types are proclaiming that Amazon will throw down a competitive gauntlet against Apple and its industry-leading iPad tablet with an expected October Kindle Fire release.
David Magee
Sep 27, 2011
Europe's biggest defense contractor BAE Systems said it will axe up to 3,000 jobs in Britain as cuts to global defense budgets hit orders for its fighter jets.
IBT Staff Reporter
Sep 27, 2011
As noted earlier, if Sprint (S) snares Apple’s iPhone 5 this autumn, it could give the cell phone service provider a fighting chance versus AT&T (T) and Verizon (VZ). And that would bode well for Sprint's stock.
Joseph Lazzaro
Sep 27, 2011
President Barack Obama said on Monday that Europe's debt crisis was scaring the world and eurozone leaders were not acting fast enough, underscoring concerns about the fallout for the U.S. economy and his own re-election chances.
Varsha Priyadarshini
Sep 27, 2011
G20 labor ministers meeting on Monday and Tuesday in Paris face the tricky task of trying to boost job creation in the face of a fast-deteriorating economic outlook without undermining already strained public finances.
IBT Staff Reporter
Sep 26, 2011
President Barack Obama combined a pitch for his jobs plan with a fierce attack on his Republican rivals for president during a series of speeches on Sunday.
Jeremy White
Sep 26, 2011
After a slew of speculations about the iPhone 5 release crowded the web, several media reports indicated that Tim Cook, the new CEO will unveil iPhone 5 at a special event on October 4 in Apple’s Cupertino Campus.
IBT Staff Reporter
Sep 26, 2011
The much-speculated release of the iPhone 5 from Apple (AAPL) in October will make a strong, innovative, trend-setting company even stronger, and institutional investors have been piling in to the stock since July. Is Apple’s stock headed to $600 in 2012?
Joseph Lazzaro
Sep 25, 2011
British defense giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure orders for the Eurofighter Typhoon in the wake of cuts to defense budgets by partner nations, British media reported on Sunday.
IBT Staff Reporter
Sep 24, 2011
In the first half of 2011, the United States registered two straight quarters of sub-par GDP growth, and the risk of a double-dip recession has increased. With consumer spending and business investment lagging, that leaves it up to the public sector to fill the gap. Accordingly, here are five programs to increase U.S. GDP growth.
Joseph Lazzaro
Sep 24, 2011