| Obama still popular despite weakening economy, employment | |
The U.S. jobless rate rose to 9.5 percent last month -- the highest figure in 26 years. In the short term, the jobs report is a political setback for President Barack Obama and his economic policies. But the latest opinion polls suggest the president continues to hold public support despite the weak...
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| European equities mixed, U.S. markets closed |
Some markets in Europe closed higher Friday, while others...
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| Qatar Airways to launch flights to Australia later this year |
Qatar Airways will begin operating flights to Australia before Christmas and in time for the holiday season....
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| Industries being reinvented in Pearl River Delta |
The role of design in reinventing the world's factory was in the spotlight at a recent conference organised by the Hong Kong Design Centre....
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| Saudi Arabia shuts down 27 food stores over health concerns |
Twenty seven retail food outlets in a Saudi Arabian city have been shut down by health...
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| Fashion piracy causing concern in Hong Kong |
Hong Kong fashion designer Jing Wong has encountered fashion piracy first-hand. ...
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| New 203 room hotel opens in Mumbai this week |
International hotel chain Novotel, opened its doors this week in Mumbai, the financial capital of...
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| Virgin Atlantic looking for cuts |
Virgin Atlantic could soon be shedding staff, after an announcement by Sir Richard Branson, who has said the airline will cut its winter services and may also have to chop 600...
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| Airline levy could help poor |
US and some European travellers have been asked to contribute to the fight against AIDS and malaria by paying more for airline...
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| Eurozone fears prospect of deflation |
The threat of deflation has been rolling in over the recession-hit eurozone....
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| Chef Ramsay suffers from business downturn |
TV Chef Gordon Ramsay has seen profits fall at his UK...
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| Brazilian oil company wins Uruguay contracts |
Brazil has put up the winning bids to extract oil from...
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| Rising debt may be next crisis |
The soaring national debt is recorded on the National Debt Clock in New York, Friday, July 3, 2009. Already complicating efforts by President Barack Obama and Congress to cope with the worst...
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| BT Staff Offered Year-Long Hols For Pay Cuts |
One option available to staff is taking a year off with a 75% drop in salary, in return for receiving the remainder of their wages as an up-front payment, said a...
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| 1,000 Immigrants Celebrate U.S. Citizenship in Star-Spangled Event Friday Morning on Main Street, U.S.A. at Walt Disney World Resort |
during a morning ceremony jointly hosted by Disney Parks and Resorts and United States Citizenship and Immigration Services (USCIS) in Magic Kingdom at Walt Disney World Resort...
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| Troubled Wall Street faces critical earnings season |
NEW YORK -- Wall Street's hopes for a rapid recovery from recession, muddled by disappointing U.S. labor market data, faces a new test in the coming week with the looming corporate earnings...
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| Plainview products recall now involves Malt-O-Meal |
The Minneapolis-based Malt-O-Meal Co. is voluntarily recalling certain oatmeal products that contain instant non-fat dry milk suspected of being contaminated with salmonella bacteria. The instant...
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| Venezuela takes control of Spanish-owned Banco de Venezuela, nation |
CARACAS, Venezuela - President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday — making the state the largest player in the nation's banking system. The...
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| Jobs Misery For Graduates Amid Recession |
Graduate job prospects are looking bleak as youth unemployment surges to its highest level for 15 years. One in six of those aged 18 to 24 and one-third of those aged 16 and 17 who have already...
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| IT Students Stay Jobless After Graduation |
The jobs market is showing little love to IT graduates as they struggle to find work in the economic downturn. Some 14% of computer science students had not found a job six months after leaving...
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| Tesco Faces Down Exploitation Protests |
Supermarket chain Tesco has faced down a rebel resolution calling for an end to what protesters called the "exploitation and discrimination" of workers. The Unite union chose the retail giant's AGM...
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| Tight budgets force delayed tax refunds from Ga. to Calif. when taxpayers need it most |
ATLANTA - Colin Daymude was out of work last year after his business failed and eagerly filed his taxes in mid-January, figuring he'd get his refund sooner. He was wrong. It took the 44-year-old...
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| Suit targets mercury pollution from Colorado plant |
DENVER - An environmental group is suing Xcel Energy, saying the utility isn't doing all it can to cut mercury emissions from a new coal-fired unit at a Pueblo power plant. WildEarth Guardians says...
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| Will or trust Two distinct ways to leave behind your assets to loved ones |
NEW YORK - One of the big mysteries in the chaotic days following Michael Jackson's death was whether he left behind a will.After initially stating the entertainer likely died without one, the...
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| Tesco suffers hefty protest vote over share options |
More than 40 per cent of investors refused to back Tesco's proposed changes to its share option scheme at the grocer's annual meeting in Glasgow yesterday. The resolution was passed with 54.9...
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| China Investment to buy $1.5B stake in mining giant Teck Resources |
TORONTO - Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt. The...
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| UK economic data too ambiguous to call recession end |
More ambiguous economic data yesterday added to the uncertainty about whether the UK is on the road to recovery or slumping back into recession. The UK service sector grew for the second consecutive...
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| Angelina Jolie beats out Jennifer Aniston in earnings,too |
Jennifer Aniston , who was close behind with $25 million. The earnings, revealed in a report Thursday from Forbes.com, included salary and profit-sharing, and were for a one-year period beginning...
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| The bull comes charging from Wall Street |
The Wall Street bull, perhaps the most treasured iconic image in the world of finance, can soon be seen charging in Shanghai, a city aspiring to become New York II. The oriental version of the bull...
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| Should black boxes be on aircraft |
Modern airplanes are marvels of technology. Yet when they crash, as two have in the past month, investigators often must hunt for the recordings of the flight data and pilot communications since...
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| Malt-O-Meal recalls instant oatmeal made with dry milk that may be tainted with salmonella |
MINNEAPOLIS - Malt-O-Meal Co. is voluntarily recalling oatmeal that contains instant nonfat dry milk that may be contaminated with salmonella.The instant nonfat dry milk came from Plainview Milk...
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| DJ app for Microsoft Surface |
iPhone , which emerged around the same time, but it's meant for a completely different experience: collaborative public spaces rather than solo communications. Unfortunately, I haven't had much...
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| Final total of 15,000 claims against Madoff |
Bernard Madoff fraud to more than 15,000, officials said Friday. Investors mailed, e-mailed, FedEx'd, and walked their claims into a central processing office in Dallas, as well as...
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| Air Canada union focuses on job security as talks continue |
MONTREAL -- In new, marathon negotiations with Air Canada, the airline's main union said Friday it will focus over the next few days on the job security demands of its Montreal chapter that caused a...
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| Recession Puts Breaks on Holiday Travel |
' } ] PageVars.set('title', escape("Recession Puts Breaks on Holiday Travel - CBSNews")); PageVars.set('description', escape("A lot of Americans are spending the holiday weekend out of town, but...
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| Bleak Earnings Season Shines Light On Outlooks |
Stock analysts generally agree the upcoming second-quarter earnings season will be bleak. But they're at odds over whether the dreary outlooks will lead to upsets to the upside or whether the...
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| Tropicana Las Vegas emerges from bankruptcy with new owners |
LAS VEGAS - Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in...
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| Alaska Gov. Sarah Palin Stepping Down |
SAN FRANCISCO -- Alaska Gov. Sarah Palin announced in a televised statement that she would be stepping down, handing the office over to Lt. Gov. Sean Parnell. Palin was the running mate to 2008...
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| Stanford clients sue insurance broker Willis Group |
The lawsuit, filed in federal court in Dallas, said Willis "crossed the line from being mere insurance brokers" to essentially acting as sales agents for...
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| Get ready for the Terminator IOU market |
NEW YORK -- Let the trading begin.California began mailing out its first batch of IOUs this week after state legislators failed to reach a deal over how to close the US$26-billion hole in its budget...
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| Livent sentencing hearing to begin Monday |
Garth Drabinsky (left) and Myron Gottlieb (right), once co-owners of the now defunct theatre production company, Livent Inc., leave court after the opening day of their fraud trial in May...
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| Toronto law firm files a petition for a class-action lawsuit against Expedia |
A Toronto law firm has filed a petition for a class-action lawsuit against online travel company Expedia.ca, alleging the website overcharged its customers.Juroviesky and Ricci LLP filed a statement...
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| Insider Trading Suspected Ahead of Pirate Bay Sale |
Securities regulators are investigating potential insider trading of Global Gaming Factory before it announced its planned purchase of The Pirate Bay for $7.7 million, exchange AktieTorget told...
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| Web Vigilante Arrested for Disrupting Rolling Stone Site, Others |
A software developer authorities say once worked with the online vigilante group Perverted Justice has been charged with launching denial of service attacks against websites belonging...
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| Pentagon’s Robo-Hummingbird Flies Like the Real Thing |
built a tiny drone that looks and flies like a hummingbird , flapping its little robotic wings to stay in the air. So far, the mock bird, built for Pentagon mad-science division Darpa, has only...
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| Banks no longer so lucrative |
planned merger of two Japanese banks is the latest unhappy chapter in the 10-year saga of foreign private equity capital’s adventure in Tokyo finance. The two...
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| Cummins Inc. recalls 400 workers to Indiana plant to resume production of Dodge Ram engine |
COLUMBUS, Ind. - Cummins Inc. is recalling 400 laid-off workers as it resumes production at a Columbus factory, while nearly 300 people lost their jobs as an auto parts company idled a plant in...
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| Coffee Republic suspends shares |
It looks like it could be the end of the line for Coffee Republic, the chain of coffee shops founded in 1995 by brother and sister Bobby and Sahar Hashemi.After the stock market closed the company...
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| Jackson Memorabilia Buyers Are Lost In Neverland |
BOSTON -- Michael Jackson had barely been pronounced dead last week when the memorabilia market heated up. Copies of his best-selling album, "Thriller" -- worth $10 by most expert accounts on the...
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| BA slashes spending after further slump in traffic |
British Airways todaysaid it would cut capital spending by 20% as it disclosed that passenger numbers dropped by 4.9% in June compared with the same month last year.The struggling airline said it...
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