As expected, the United States’ credit rating from Standard & Poor’s dropped a notch to AA-plus Friday raising concerns about its budget deficits and rising debt burden.
A new report by the US Department of Labor revealed an increase in the number of people applying for unemployment benefits, signs that layoffs are increasing and the jobv market on a decline.
Nokia Corp. has decided to abandon the Japanese market and will close by the end of July its last store, selling Vertu cellphones, in Ginza.
American airline companies collected a total of $3.4 billion worth of bag fees last year. The 24 percent increase from the previous year is a reflection of the airline companies reliance on charging the once-free service to generate some income.
A Reuters poll revealed that mobile phone manufacturer Nokia was expected to report losses for this quarter and the succeeding ones as it drops its prices to keep customers from defecting to competing smartphones.
Ford Motor Co., is aiming to increase its market presence in India and China as it aims to increase its sales by 50 percent annually by 2015.
Fund managers and investors still refused to press the panic button even with the broad market index dropping for the fifth straight week.
Japan has launched a new campaign, named Super Cool Biz, for employees to wear more casual clothes during the summer.
The US Department of Commerce revealed that the economy remained stagnant in the second quarter of 2011 due to increasing oil prices.
For the second consecutive week, the number of people seeking unemployment benefits recorded another sharp decrease, signs that the job market is on the way to recovery.
