A recession is the decline of a nation's gross domestic product (GDP) over two or more consecutive quarters. It is also referred to as a period of economic decline and reduced economic activity. During recessions, many macroeconomic indicators vary in a similar way. GDP, employment, investment spending, capacity utilization, household incomes; business profits and inflation all fall, while bankruptcies and the unemployment rate rise. Here is a list of recessions that occurred since the Great ...
Researchers at NASA have drawn up a plan to make the greatest adventure in the history of the human race possible - sending a human mission to the red planet and, hold your breath, colonize it! And the daring act of selling and carving up the red planet will be made possible with the help of corporate bigwigs who will paint the space ships in their logo colors.
South African President Jacob Zuma called on the government and private sector to create jobs, setting aside billions of dollars to create work in Africa's largest economy, hard-hit by chronic unemployment. We urge every sector and every business entity, regardless of size, to focus on job creation.
Growth in South Africa's manufacturing output slowed to just 0.2 percent on the year in December and was far below analysts forecasts, showing the vital sector still struggling to recover from a recession in 2009.
The U.S. House Republicans will unveil their proposed budget cuts on Thursday for the remaining of fiscal 2011. The steep cuts proposed for energy and environmental programs foreshadow the continued trends that will dominate the foreseeable future, FBR Capital Markets said in a note to clients.
Industrial production in the UK rose in December last year, mainly led by a sharp increase in the output of utilities.
In order to phase India into the global Eurofighter Typhoon program as a significant manufacturing and engineering partner, the Eurofighter partners will promote strategic relationship between India and Europe.
As a microcosm of the huge financial crisis enveloping state and municipal governments across the country consider the case of Oakland, California.
U.S. job openings slipped in December, a government report showed on Tuesday, but a decline in layoffs supported views of a gradual labor market recovery. Job openings, a measure of labor demand, eased 139,000 to a seasonally adjusted 3.1 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey.
President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.
Medtronic Inc. (NYSE: MDT) said the U.S. Food and Drug Administration (FDA) approved its Revo MRI pacemaker - the first such device in the U.S. designed for safe use during certain magnetic resonance imaging (MRI) exams.
Word is out that the much awaited tablet from Apple camp; the iPad 2 is under production, confirming earlier reports claiming that tablet is due for launch in April.
The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.
LG, Sony are indulging in patent wars over PS3
The ambitious project of installing 1 million electric vehicles on American highways by 2015 is ambitious and also achievable based on steps already taken as part of the Recovery Act and additional policy initiatives proposed by President Obama, the US Department of Energy said in a statement today.
The top after-market NASDAQ stock market gainers are: Perceptron, Web.com Group, The Andersons, Deltek, and Amtech Systems. The top after-market NASDAQ stock market losers are: Sierra Wireless, Motricity, Innophos Holdings, BCD Semiconductor Manufacturing, and Pinnacle Airlines.
Government regulations allow entry of foreign players in the solar panel manufacturing market in India only if they set up local facilities in joint ventures with domestic manufacturers.
Intel resumes shipping the Cougar Point chipset, a mere week after announcing a flaw in the design would cause delays.
Alliant Techsystems Inc. (ATK) is teaming up with EADS unit Astrium to develop a new low-cost space rocket launch vehicle that could take tourists into orbit. ATK and Astrium are working together in response to NASA's Commercial Crew Development-2 (CCDev-2) procurement and is offering NASA launch services with the Liberty rocket.
ThinkEquity has downgraded Nvidia, a graphics chip maker, to hold from buy, on valuation metrics.
German industrial production fell more than expected in December 2010, posting a decline for a second consecutive month.
A team of engineers at the University of California, Berkeley, has found a way to grow tiny crystals that produce laser light, and bring the arrival of laser-based electronics one step closer.
