January 30th, 2012
Greece’s prime minister and the leaders of the three parties backing his coalition government have concluded a nearly three-hour meeting discussing the country’s negotiations with its creditors.
Premier Lucas Papademos released a statement after Sunday’s meeting, saying he and the party leaders were in “complete agreement” over the positions to adopt in subsequent talks toward a […]
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January 25th, 2012
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January 23rd, 2012
BlackBerry maker Research in Motion’s co-CEOs, Jim Balsillie and Mike Lazaridis, announced they have stepped down as co-CEOs and co-chairmen of the once-iconic company that has struggled to compete in recent years.
The RIM founders have been replaced by Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG, RIM said […]
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January 16th, 2012
Face recognition and detection technology is becoming cheaper, faster, and much more commonplace, raising the question of whether people will be able to remain anonymous in the near future.
Digital signs and sensors that detect and recognize faces are no longer a matter of science fiction. They are real and are popping up everywhere from […]
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January 13th, 2012
The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil.
Still, exports fell for a second straight month, a sign that Europe’s slowdown has begun to affect the U.S. economy.
The trade gap rose 10.4 percent to $47.8 billion, the Commerce Department […]
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January 10th, 2012
China’s import growth showed an unexpectedly sharp drop in December in a new sign the world’s second-largest economy is slowing.
December growth in imports fell to 11.8 percent, barely above half the previous month’s 22.1 percent gain, customs data showed Tuesday. Exports rose 13.4 percent, down slightly from November’s growth rate. The country’s politically sensitive global […]
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January 5th, 2012
The number of people seeking unemployment benefits fell further in the final week of 2011, a positive sign for hiring one day ahead of Friday’s December employment report.
The Labor Department says weekly applications dropped 15,000 to a seasonally adjusted 372,000 last week. It was the fourth drop in five weeks. The four-week average, which smooths […]
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January 4th, 2012
German unemployment (GRUECHNG) fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction.
The number of people out of work fell a seasonally adjusted 22,000 to 2.89 million, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline […]
Filed under: business, economics by Forest
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January 2nd, 2012
Iraq’s parliament speaker warned Monday that human rights violations are putting the country’s fragile democracy at risk, the latest pronouncement in a rapidly developing sectarian spat that threatens to destabilize the country after U.S. troops pulled out.
The televised comments by Osama al-Nujaifi, one of the country’s top Sunni officials, are the latest salvo in a […]
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December 29th, 2011
Companies cranked out more goods in December and pending sales of existing homes jumped in November for a second month, pointing to a pickup in U.S. economic growth as 2011 comes to a close.
The Institute for Supply Management-Chicago Inc. said today its business barometer (CHPMINDX) was little changed at 62.5 from a seven- month […]
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