For the first time in history, Standard and Poor’s have reduced the cr Get Your Ex Boyfriend Back edit rating of the US Government on Friday. The opinion of S&P is the fact that the federal debt ceiling approved by the US Congress will still be short enough to make the long term finances of […]
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Latest Economy & Business News
Fear Of Recession 2011 Grips As Share Markets Are Crashing Down
BSE Sensex is moving down and down as the world stock markets have started falling over the anticipation of another round of recession 2011 in the US market. The fear has gathered momentum after the US government recently raised their level of debt limit.
Creditors May Remain Unpaid As Jane Norman Goes Into Administration
There is another casualty on the high street. The reputed women fashion retailer Jane Norman has closed all their 90 stores in the UK and gone into administration. The company tried to find a buyer for the business, but failed to do so.
RBI Credit Policy Will Increase Home Loan And Car Loan EMI’s
In order to cope up with the rising inflation, the Reserve Bank of India (RBI) has hiked its policy rate again. This is the tenth time that a hike seen in the RBI credit policy since last November. The repo rate at which the RBI gives credit to all the banks has gone up by […]
Chinese Imports Grew Further In The Month of May
China’s imports have been growing and according to latest figures available, it has gone upwards in the month of May. Though the Government is trying to control the overheated economy, the global trade surplus of China touched $13 billion in the month of May.
Wyotech Join Hands With Orange County Choppers
Wyotech recently has decided to join hands with Paul Teutul Sr. customary shop named OrangeCounty Choppers (OCC). According to information, the students of Wyotech will get the privilege of working with Teutul,who will assist them in building the customary bike to be featured on the upcoming serial namedAmerican Chopper on the Discovery channel. Besides, this OCC […]
Apple Overtakes Google As The World’s Most Valuable Brand
Apple has just pulled one over Google. In a WPP Plc report, Apple Inc has overtaken Google Inc in terms of brand value. Apple’s brand value in last year has grown by an astonishing 84 percent to a value of $153.3 billion where as Google has lost out this year by 2 percent from last […]
Crude Oil Prices High Again: Will It Hit The Speed Of Economic Recovery?
There is a huge crash in crude oil prices still the authorities are promising to supply the gasoline at lower rates. This is too real to believe. The prices of the commodities including the crude oilheaded back up on Friday. The job policy of United States has showed that U.S. is an economystronger than everyone […]
Will The Common Players Be Punished In Online Poker Shutdown?
After the FBI has arrested the chief executives of three major online poker companies, the future of online poker games is really at stake. Within few days, the individual accounts of all the online poker players got frozen as there were charges of money laundering and illegal casino operations.
Is ‘Practice What You Preach’ True For Undercover Boss Shelly Sun?
While BrightStar Care is one of the rapidly rising providers of health care for people of every age, does the CEO of BrightStar, Shelly Sun use its services to take care of her twin 6 year old sons when she’s away shooting for Undercover Boss?
Is The Crackdown Really An End To Online Poker Business?
In its latest efforts to prohibit online gaming, FBI arrested the founders of three biggest online poker companies – PokerStars, Full Tilt Poker, and Absolute Poker. Executives from these companies were indicted of breaking the law, processing payments illegally, and bribing banks into opening unlawful accounts. FBI wants to send the executives to jail and […]
Lawsuit Filed Against JP Morgan For Selfish Investments
Now it is the beginning of another round of lawsuit in the US as actors guild AFTRA has filed a case against the investment bank JP Morgan. The investment bank has been accused of making huge losses to the pension fund of the guild.
China Quarterly Trade Deficit First Time In Six Years
China witnessed a trade deficit of $1.02 billion during the period January to March in the current year. This is considered to be the first quarterly trade deficit of China in the past six years.
A Government Shutdown May Have Worst Impact On The Economy And It’s Recovery
Obama in talks with the lawmakers have been having a hard time deciding on the future of the nation that is hanging in the dilemma of dissolving the federal government.
Japan Crisis Sees US Toyota Plant Shut Down
Toyota has asked their manufacturing arm in USA to shut down their operations as there is a shortage of parts from Japan. The earthquake and the tsunami has left a devastating effect on the manufacturing industries of Japan.
Jobless In The US Preferring Unpaid Internship
As the US economy is still struggling to be back on the wheels, many job seekers are preferring to work for free in many companies. Take the instance of Jacob, a resident of Malibu. He gets up from bed at 7 am in the morning and rushes towards his office.
Earthquake Gives A Blow To Japan Economy
Japanese automakers and oil refineries and electronic firms have shut down their operations in Japan, pushing the economy on the brink of crisis. Sony has closed down eight of their factories as the production system has been completely hampered by the massive earthquake that rocked Japan on 11th March.
China Facing Huge Trade Deficit After Many Years – Experts Shocked
Since March 2010, this is for the first time that China has reported a trade deficit and the news has really shocked the people in the trade. Imports went up by 19.4% and this helped the trade deficit to go up by $7.3 billion. This is the highest trade deficit of China in seven years.
National Enquirer Claims Apple CEO Steve Jobs Will Live For Six More Weeks
The publication National Enquirer has reported that Apple CEO Steve Jobs is suffering from cancer and he is expected to live for another six weeks. The news of Steve Jobs suffering from cancer has come as a bombshell to the business community. However, there has been no confirmation of the news from Apple management.
Border Books Bankruptcy Will Give An Edge To The Competitors
When US President Obama has submitted budget proposals to bring back the economy on rails, Borders Books, the second largest US book retailer has filed for chapter 11 bankruptcy. The Border Group has also announced that they are going to close down 200 stores across the nation and there will also be massive laying down […]