Monthly Archives: January 2010

With a majority of firms planning to expand hiring this season, the employment scene in the US is likely to improve and get much better as the recession seems to be finally fading out. According to a latest survey of 118 large employers in the US and other 459 global firms, by Towers Watson,...

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According to a latest report published in The New York Times, US President Barack Obama is all set to present USD 3.8 trillion budget proposal for the financial year 2011 on Monday, Feb 1, 2010. “President Obama will send a USD 3.8 trillion budget to Congress on Monday for the coming fiscal year,” New...

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In the last two years, amidst the worst global slowdown since the World War II, the city of London has witnessed more than 17,000 senior financiers losing their jobs. This figure accounts for almost 10 per cent of the highest-ranking employees in Britain’s financial services industry. As the report published in The Sunday Times...

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US President Barack Obama unveiled a USD 33 billion package of tax cuts on Friday in order to encourage small businesses to hire new employees. This move from Obama comes as the president targets the 10 per cent unemployment rate in the country. Obama, who prioritized job creation in his administration, spoke as the...

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Last week, Toyota suspended the US sales of 8 models in a recall, and today, expanding to Europe the recall of millions of its most popular cars due to dangerous accelerator pedals, Toyota Motor Corp has suffered another major blow to its reputation as the world’s best and the largest car maker. Toyota however...

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The US economy recovered well and grew at a rate more than expected at the end of the last year recording a 5.7 per cent growth rate in the fourth quarter. The 5.7 per cent annual growth rate recorded was the fastest pace reported since the year 2003. According to a report released by...

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According to the administration officials, the US President Obama is all set to call for a three-year freeze in spending on many domestic programmes to save USD 250 billion by 2020. This clearly highlights his seriousness to narrow down the budget deficit. The officials have revealed that the proposal would be a major component...

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General Motors Corp is planning to make a come back to the electric motor business. The largest automaker announced on Tuesday that the company is planning to build its own electric motors for hybrid and electric vehicles, starting from 2013. In order to lower the costs and improve the quality and reliability of the...

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massive safety recall. This unprecedented move has raised numerous questions about the timing of its earnings recovery. The company also added that it’ll also halt the production of the models including that of the best-selling Camry, at its plants in the United States and Canada in the first week of February. Earlier, in the...

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Apple Inc., who has reportedly topped analysts’ estimates by a record sale of its Macintosh computer, is all set to launch a brand new product on Wednesday. Apple Inc. reported an enormous 50 per cent jump in first quarter profits to USD 3.38 billion, or USD 3.67 a share. The company’s sales grew 32...

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