All Economy
Hewlett-Packard to dump 2,000 more workersHewlett-Packard will cut 2,000 more jobs than it had previously announced, bringing the total up to 29,000 by October 2014. The Hewlett-Packard layoffs may be a sign that the slumping personal computer market will weaken even further.- Good for business? Why corporate lawyers give bad marks to Chicago, L.A.The US Chamber of Commerce surveyed 1,125 top lawyers at major corporations, who said Chicago and Los Angeles have the least fair litigation environments for businesses in the US.
Is there a real estate bubble growing in Hong Kong?In June, the price of residential properties in Hong Kong increased 1.18% since May and climbed 6.64% above the level seen in June 2011. Prices continue to rise each month, according to new data from the University of Hong Kong.
The importance of long-term insuranceLong-term disability insurance and long-term care insurance are worth the cost, Hamm writes. Professionals whose income supports their family should especially consider obtaining long-term disability insurance and long-term care insurance.
The 'heart of our economic dilemma': getting American consumers to spend againThe middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
Plug-in profit woes: Chevy losing $49K per Volt modelChevy is losing up to $49,000 on every Volt model it builds, two years after the popular plug-in hybrid's launch. Cheap leases and high sales figures may have pushed the Chevy Volt deficit even higher over the summer.
US unemployment is worse than the headlines sayThe United States publishes two employment numbers: one based on a survey of employers ("the payroll survey") and one based on a survey of households. The household survey gets more ink, but its proven itself unreliable.
AIG stock, $18B, to be auctioned by US Treasury DepartmentAIG stock owned by the US Treasury Department will be mostly unloaded, decreasing the Treasury Department's share to below majority stake. The $18 billion sale of AIG shares is the latest step to recoup taxpayer money spent on the bailout.
Can filing taxes connect low-income families to bank services?A new Urban Institute study finds that households with annual income under $35,000 may benefit from having their tax refunds paid directly to a prepaid card account.
European debt crisis: a dangerous week aheadEuropean debt crisis enters a dangerous phase with a German court ruling, Dutch election, and EU finance ministers meeting this week. A reversal of support for the EU's beleaguered nations could intensify the European debt crisis.聽
Extended unemployed down for August, but they're unemployed longerWorkers unemployed 27 weeks or more declined to 5.033 million or 40.0 percent聽 of all unemployed workers while the median number of weeks unemployed jumped to 18.0 weeks The average stay on unemployment climbed to 39.2 weeks.
Gas prices and fuel economy: What's the connection?As gas prices rise, so too does the average fuel economy, Read writes. The average fuel economy of new cars sold in the US rose to 23.8 mpg in August as gas prices edged up to $3.82.
529 saving plans: no longer cool?Net inflows into 529 saving plans have slowed as the economy remains weak. Many parents are looking at alternatives to the 529 saving plans.
Coca-Cola's latest drink: No can. No bottle. Flavor drops.Coca-Cola to introduce Dasani fruity flavor drops. Coca-Cola sees huge potential. Next flavor drops: tea?
Russia, China: Global recovery weakeningAt Asian-Pacific summit in Vladivostok, Russia turns its attention to Asia to spur its trade prospects. China's Hu promises $157 billion domestic stimulus.
How to control marketing messagesBy controlling the first and last messages you receive about a product, marketers increase the chance that you'll buy it. Here's the best way to battle those messages and make informed purchases.
What was missing from Obama's speech? A plan.Convention speeches are not supposed to be State of the Union laundry lists. They are intended to frame a candidate鈥檚 vision. But for that vision to mean anything, it needs to be buttressed by real policy. And that went missing at both conventions, though in very different ways.
Why have millions of Americans given up looking for work?The August jobs report sent chills through Wall Street and Washington because of one eye-popping number: 368,000 Americans gave up looking for work. That makes 7 million people not counted as part of the labor force who want a job.
New data shows continued increase in food stamp recipients173,612 recipients were added to the food stamps program in June, according to the latest data from the Department of Agriculture.
Jobs outlook is tepid, but investors don't have to be glumJob growth is subdued and could stay that way well into 2013, but that doesn't mean investors can't profit by choosing stocks wisely. J.P. Morgan is introducing a new Nifty Fifty for the world's emerging markets.