Business news Archive, Page 2

Burning Issue Forces Sony Recall 10 hours ago

Electronics firm Sony has been forced to recall almost half a million laptops because of an overheating problem that has caused a series of burns injuries around the world. ...more

COMMENTARY - U.S. job losses point to... 10 hours ago

(Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission. ...more

U.S. jobless rate at 5-year high 10 hours ago

The U.S. unemployment rate unexpectedly shot up to 6.1 percent in August, the highest in nearly five years, as employers cut payrolls for an eighth straight month and a decline in labor markets accelerated. ...more

Oil falls as gloomy economic outlook... 11 hours ago

Oil prices fell more than $2 on Friday as flagging demand in the United States and other consumer nations extended crude's losses to 8 percent this week. ...more

Nokia shares plunge after market share... 11 hours ago

Nokia, the world's leading mobile phone maker, on Friday cut its third quarter market share guidance, sending its share price tumbling. ...more

German industrial output falls sharply... 12 hours ago

German industrial output in July slumped 1.8 percent from June, more than three times the downturn analysts had expected, underscoring the chance that Europe's biggest economy could be in recession, official figures showed Friday. ...more

Talks begin to salvage India's cheap... 12 hours ago

Talks began Friday between India's West Bengal government and protesters to rescue a factory slated to make the world's cheapest car, an official said. ...more

Nokia shares plunge afte market share... 12 hours ago

Nokia, the world's leading mobile phone maker, on Friday cut its third quarter market share guidance, sending its share price tumbling. ...more

Alarm As US Hit By Jobless Jump 12 hours ago

The US has been rocked by a huge jump in unemployment last month, sending alarm bells ringing for the global economy. ...more

Nokia shares plunge afte market share... 12 hours ago

Nokia, the world's leading mobile phone maker, on Friday cut its third quarter market share guidance, sending its share price tumbling. ...more

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