Daily News Channel
Staffers in the industry at the heart of the nation’s economic woes have been hurt less in the downturn than the rest of the country has. Jobs in the banking and insurance industries have fallen just 5% since the start of the recession. That’s half a percentage point less than the 5.4% overall drop in nongovernment employment over the same time period, according to the Bureau of Labor Statistics
Millions of people download 99-cent games for their iPhones.
British Airways posted the airline’s worst annual loss since its privatization in 1987 as its chief executive declared there were "absolutely no signs of recovery" in the industry. The airline slumped from profit to loss in the last financial year. During the year ended March 31, its operating loss swelled to £220 million ($348 million) from a restated profit of £878 million ($1.4 billion) in 2008.
The disease that most people in the United States and worldwide have come to know as "swine flu" has caused a less-publicized rumbling among the nation’s hog farmers and producers.
The Thai government ended a nearly 2-week-old state of emergency Friday, following last week’s widespread and sometimes violent political unrest.
The next time you go to throw away your old mobile phone, Gert-Jan van Breugel hopes you bury it in a garden instead tossing it in a garbage can. That is of course if the cellphone you’re using is the biodegradable bamboo handset he’s designed with bamboo seeds implanted in its case that should start to sprout when the mobile disintegrates in the ground.
Like drowning men grasping the only piece of buoyant driftwood in sight, top executives from the world’s beleaguered auto industry arrived in Shanghai this week for the city’s 2009 auto show, unveiling their newest brands in the only car market in the world that continues to grow. Some of the show’s stars are predictable, drawing crowds of reporters and photographers on Monday, media day: a stunning new Lexus convertible, the reborn Chevy Camaro from General Motors and the worldwide debut of Porsche’s new luxury sedan, the Panamera.
Nokia, the world’s biggest cellphone manufacturer, recorded its worst quarterly results in more than a decade Thursday on the back of plunging handset sales and a 96 percent drop in operating profits. Nokia posted first quarter operating profits of just €55 million ($73 million), down from euros 1.5 billion a year ago.
Someone stole an "incomplete and early version" of the next installment in the blockbuster "X-Men" movie series and posted it on the Internet this week, according to the studio that owns the billion-dollar film franchise.
President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars." The federal government will give GM “adequate working capital” over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.