Personal bankruptcies spike 9 pct in 2010, rise expected in 2011
The number of U.S. consumers who filed petitions for personal bankruptcy protection grew 9 percent to 1.53 million in 2010 and this could rise as consumers struggle with excess debt in an uncertain economy, according to the American Bankruptcy Institute (ABI), an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center (NBKRC).
Wall Street rises on jump in private jobs number
Stocks advanced on Wednesday as a much stronger-than-expected rise in private sector employment boosted optimism about the outlook for the economy and stocks.
C. Suisse upgrades Barnes & Noble on Borders woes
Credit Suisse upgraded Barnes & Noble Inc shares, citing benefits the top U.S. bookstore chain could reap from the woes faced by smaller rival Borders Group Inc , which is meeting with publishers this week to negotiate new payment terms.
Law firms eye emerging markets for growth in 2011
With the U.S. market promising little growth in 2011, law firms are looking at emerging markets in Asia and South America for spurring their expansion.
Amazon announces Kindle apps for Android and Windows tablets ahead of Google Edition's launch
Amazon announced that its Kindle apps will now be available for Android and Windows based tablets as part of its Buy Once, Read Everywhere strategy.
Silver & Gold Price Reverse Last Week's Gain, Slip Below July 2009 Trendline as Dollar Rises
Silver and Gold Prices both unwound the last of late Dec.'s gains in early London trade on Wednesday, retreating to $29.20 and $1370 respectively per ounce on what several analysts called profit taking as world stock markets also fell.
US private employment leaps in December: ADP report
The U.S. employment situation might be seeing better times, according to figures released in the latest ADP Employment Report for December, which showed a rise for the second consecutive month
Four names top Berkshire CEO list: Vanity Fair
Four names top the list of potential candidates to succeed Warren Buffett as chief executive of Berkshire Hathaway, though finding a replacement for him as Berkshire's investment chief has proved more complicated, Vanity Fair reported in its new issue.
Non-manufacturing sector grows in December: ISM
The U.S. non-manufacturing sector grew in December at it fastest pace in more than 4 years, according to an industry report released on Wednesday.
The batlle of 'I': Windows 7-based iTablet to tackle iPad
Reports had stated that Microsoft will showcase a slew of tablets running on Windows 7 and Windows 8 manufactured by Dell and Samsung at CES 2011, and part of the forecast has come true, as a UK-based AHX Global launched a Windows-based iTablet.
Retailers lost sales to blizzard: report
Retailers have not recouped all of the $1 billion in sales postponed by shoppers as they dug out from last month's East Coast blizzard, research firm ShopperTrak said on Wednesday.
Private sector adds 297,000 jobs in December: ADP
Private employers added 297,000 jobs in December compared with a revised gain of 92,000 in November, a report by a payrolls processor showed on Wednesday.
Indian cricketer Anil Kumble turns entrepreneur by floating sport education outfit
India’s well-known cricketer Anil Kumble is now turning a sports entrepreneur and is floating his own start-up venture called Tenvic that will focus on providing for sports education and training in mainstream schools across the country.
Hiring surge buoys economy outlook
Private sector jobs surged in December at a rate three times stronger than forecast, a hiring report showed, the most bullish signal in months that a recovery in the world's biggest economy is stepping up a gear.
Wall Street gains as jobs data buoys optimism
U.S. stocks rose on Wednesday as much stronger-than-expected jobs data boosted optimism about the labor market and the economic recovery.
Mattel partners with THQ in new licensing deal
Toymaker Mattel Inc agreed to license some of its top brands, including Barbie, Hot Wheels and Fisher-Price, to THQ Inc for use in its video games for a variety of gaming platforms.
Dogan Yayin shortlists Time Warner, U.S. funds bids
Time Warner and two U.S. private equity funds are on a shortlist of potential buyers for assets belonging to Dogan Yayin , Turkey's biggest media group, sources familiar with the deal said on Wednesday.
Toshiba plans big push on glasses-free 3D TV
Toshiba Corp will begin selling large-screen glasses-free 3D television sets in fiscal 2011 and plans to start marketing the groundbreaking devices beyond its home turf of Japan, executives said on Tuesday.
Nissan Motors US sales up 27.7 pct in Dec
Nissan North America, Inc today reported record December U.S. sales of 93,730 units versus 73,404 units a year earlier, an increase of 27.7 percent. Nissan Division sales were up 26.3 percent for the month, also a December best. Sales of Infiniti vehicles rose 37.3 percent over the prior year.
Volkswagen US sales up 17 pct in Dec
Volkswagen of America, Inc. today reported that December sales marked a 17 percent increase over prior year sales for the entire line of vehicles.
Matt LeBlanc to reappraise fictional Joey on BBC
In a chat, Joey talks about Friends, his burnout and his character in the new show, Episodes
BMW Group US sales up 16.9 pct in Dec
The German luxury carmaker BMW Group in the U.S. reported December sales of 27,600 vehicles, an increase of 16.9 percent from the 23,617 vehicles sold in the same month a year ago. For 2010, the BMW Group in the U.S. reported total sales of 265,757 vehicles, up 9.9 percent compared to the 241,727 vehicles sold in 2009.
American Honda Motor US sales up 25.5 pct in Dec
American Honda Motor Co, today reported December monthly new vehicle sales of 129,616, an increase of 25.5 percent. American Honda's 2010 annual vehicle sales totaled 1,230,480, an increase of 7.6 percent compared to 2009 results.
Honda Motors admits to huge data breach
The Japanese motor major Honda Motor Company in Japan has put an estimated 2.2 million customers in the U.S. on a security breach alert after a database containing information on the owners and their cars was hacked, according to reports.
Social media: the right tool in right hands
The lines between professional and personal interactions are being blurred. Social media users need to exercise prudence
December US Auto Sales: Acura up 27.7 pct
Acura sales for 2010 totaled 133,606, up 27.2 percent compared to 2009. Strong December results for MDX and TSX helped Acura achieves 15,489 sales, a 51.9 percent increase compared to December 2009 sales, and the 11th straight month of double-digit sales increases for Acura.
Home Alone’ Culkin and ‘Black Swan’ Mila split up
The couple split up after an 8 year relationship
A sanitized Huckleberry Finn
A new edition of the book plans to do away with the ‘n’ word
Bell and Cook give England nails to Australia's coffin
Centuries from Alastair Cook and Ian Bell gave England every chance to take the series and at stumps on day three of the final Ashes test, England lead by 208 runs with three wickets remaining at the SCG.
Obama looks for Economic Policy Adviser as Larry Summers heads back to Harvard
Professor returns to teach at the Kennedy School of Government after spending two years as Assistant to the President for Economic Policy and Director of the White House National Economic Council (NEC).
