The News Chronicle » Money and Business

The United States Loses AAA Credit Rating From S & P

Melvin Magadia — Sat, 06 Aug 2011 14:16:15 +0000

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.

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People Seeking Unemployment Benefits On The Rise

Melvin Magadia — Fri, 22 Jul 2011 12:45:50 +0000

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.

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Nokia exits Japanese market

Julie Erza — Thu, 07 Jul 2011 04:35:56 +0000

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.

This post is found at Nokia exits Japanese market, originally published by The News Chronicle.
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Airline Companies Collected $3.4 Billion In Bag Fees For 2010

Melvin Magadia — Tue, 14 Jun 2011 11:19:17 +0000

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.

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Troubled Nokia Reports Losses For This Quarter

Melvin Magadia — Sun, 12 Jun 2011 03:47:53 +0000

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.

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Ford Expanding To Indian And Chinese Market

Melvin Magadia — Wed, 08 Jun 2011 13:08:02 +0000

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.

This post is found at Ford Expanding To Indian And Chinese Market, originally published by The News Chronicle.
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Market Stalls But Investors Still Optimistic

Melvin Magadia — Mon, 06 Jun 2011 04:25:57 +0000

Fund managers and investors still refused to press the panic button even with the broad market index dropping for the fifth straight week.

This post is found at Market Stalls But Investors Still Optimistic, originally published by The News Chronicle.
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Japan’s new dress code for the summer

Julie Erza — Wed, 01 Jun 2011 02:46:36 +0000

Japan has launched a new campaign, named Super Cool Biz, for employees to wear more casual clothes during the summer.

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Oil Prices Impact Consumer Spending And Income

Melvin Magadia — Mon, 30 May 2011 12:24:58 +0000

The US Department of Commerce revealed that the economy remained stagnant in the second quarter of 2011 due to increasing oil prices.

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Fewer People Seeking Unemployment Benefits

Melvin Magadia — Sat, 21 May 2011 12:40:22 +0000

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.

This post is found at Fewer People Seeking Unemployment Benefits, originally published by The News Chronicle.
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