Growth in the U.S. service sector was steady in September and private hiring picked up, suggesting the economy was not yet slipping into recession.
September Layoffs Mostly Came From Army, BofA, but the two employers outlooks could not be more different
Goldman Sachs Group Inc. has predicted recessions in France and Germany as the European debt crisis persists. It believes that both AAA-rated countries have the potential for downgrades in the future.
U.S. private-sector employers added more jobs than expected in September, but another report Wednesday showed a jump in planned layoffs in the month.
Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.
Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.
Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.
Democrat Earl Ray Tomblin held on for a slim victory in a special election for governor of West Virginia Tuesday, narrowly preventing a third state special election embarrassment for President Barack Obama.
The chances of a new U.S. recession are rising rapidly as employment and housing remain depressed and Europe's debt crisis threatens to spill over, according to a number of prominent economists.
Ford (F), which did not accept U.S. Government assistance, has rebounded after a restructuring, and is well-positioned to capitalize on U.S. job growth, when it returns with gusto. Is now a good time to consider Ford's shares?
Major U.S. corporations often increase executive pay to ensure it is higher than the median in their industry, according to a report.
The U.S. Senate is as mad as you-know-what and it's apparently not going to take it anymore: the Senate Tuesday voted overwhelmingly, 79-19, to approve a procedural measure that speeds the way for a bill designed to put pressure on China to allow its currency to appreciate.
IBTimes spoke with Heather Gautney, a sociology professor at Fordham University, about the significance of the Occupy Wall Street protests and how they might unfold in the coming weeks.
With the advent of the Apple’s “Let’s Talk iPhone” event rumors are strengthening that there will be only a iPhone 4S and no iPhone 5.
As American student Amanda Knox's court appeal ends, exasperated residents of Perugia wish for a return to the days when the Italian town was known for chocolate, art and history rather a sex and drugs scene made notorious by the murder case.
Should the United States tolerate slightly higher inflation, in order to have the economy grow at a faster rate and create more jobs?
Starbucks announced Monday that it was teaming up with Opportunity Finance Network to launch Create Jobs for USA, which will pool donations for Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending. This follows a trend that other companies, such as McDonald's, have taken to give back to the community while also boosting sales .
Manufacturing grew more quickly in September as production and hiring increased, suggesting that factories would help keep the economy from slipping into a new recession.
Starbucks Corp CEO Howard Schultz, decrying a lack of leadership in Washington, said his chain of coffee shops is helping to launch a nationwide fund designed to stimulate U.S. job creation.
Starbucks CEO Howard Shultz has teamed up with Operation Finance Network to establish the Create Jobs for USA, a fund for job growth.
Factory activity expanded at a faster pace than expected in September as production and hiring increased, suggesting that manufacturing should help keep the economy out of recession.
Occupy Boston has been gaining ground since Friday and is starting to impact other communities to protest just as Occupy Wall Street has impacted them.