Business/Finance :: Top Story
Obama assails GOP, promotes new jobs program
A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans’ hard economic times.
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Report: Money can buy you happiness, to a point
People’s emotional well-being - happiness - increases along with their income up to about $75,000, researchers report in Tuesday’s edition of Proceedings of the National Academy of Sciences.
Taiwan’s HTC: iPhone’s `quiet’ challenger
East Asia is the world’s electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple’s iPhone.
Future hiring will mainly benefit the high-skilled
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay - or none at all.
Officials: Obama to back infrastructure spending
Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and airports that would cost at least $50 billion, administration officials said.
Jobs report may show rise in unemployment rate
The anemic economy is causing companies to conserve cash and hold back on hiring. While most economists expect the nation to avoid another recession, growth will likely be so weak for the rest of this year that the jobless rate could move back above 10 percent by early next year.
Apple unveils new TV box for renting movies, shows
On Wednesday, Apple unveiled a smaller, cheaper version of Apple TV, which connects to a high-definition television and can show rented movies and TV shows from Apple’s own service, plus content from Netflix, photos on Flickr, YouTube clips and more.
Botox maker to pay $600M to resolve investigation
Allergan Inc., the maker of wrinkle-smoothing Botox, has agreed to pay $600 million to settle a yearslong federal investigation into its marketing of the top-selling, botulin-based drug.
Bernanke testifying to crisis inquiry panel
Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.
Amazon trying to offer subscription TV, movies
Amazon.com Inc. is talking with major media companies about offering unlimited views of older TV shows and movies online, as it struggles to stay relevant to consumers flocking to Apple Inc.’s iTunes a la carte store and Netflix Inc.’s all-you-can-eat subscription plan
Lehman, Wachovia CEOs coming before panel
An inquiry panel is hearing from former CEOs of two big banks that succumbed to the financial crisis, Lehman Brothers and Wachovia Corp., as it delves into the "too big too fail" predicament and potential systemwide risk from financial institutions.
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