Today the unemployment rate is 8.1% down from 9.9% in November, 2009, but still not down to pre-recession unemployment figures. There are three job seekers for every one job available. Those who have been unemployed for lengthy periods are about to lose their unemployment benefits, about half a million losing their benefits sooner than they… Continue Reading
Devon Energy ranked 28 among the best companies to work for in the US, it also ranks quite high among the country’s top-paying firms. The average salary for an engineer on staff at Devon is $178,305, giving it the distinction of ranking 6th among the country’s top-paying firms. Devon Energy has 2.9 billion barrels of… Continue Reading
April’s figure for new-home sales was up by 3.3 percent from March’s number, according to information released by the Commerce Department on Wednesday. That translates into a seasonally adjusted annual rate of 343,000. The entire country experienced this rise with the exception of the South. Analysts are hopeful that this could signal that the US… Continue Reading
Investors have been considering for a while now the possibility that Greece might walk out of the euro common currency in order to help them cope with the serious austerity measures that the international community is forcing on them as a condition for receiving international economic aid. A financial news service report has put some… Continue Reading
While some analysts fear that Facebook’s “less than stellar” IPO performance might dissuade other similar companies from going public, at least not soon, others believe no real harm was done and tech companies and social networking companies should not be discouraged. "Whether Facebook is worth $95 billion or $100 billion, it's immaterial," said Jeremy Liew… Continue Reading
One of the largest financial management companies in the world, Deloitte is headquartered in New York and offers financial services including audits, consulting, risk management, financial advisory and tax services from its many branches and subsidiaries around the US and around the world. Deloitte and the companies associated with it are dedicated to observing only… Continue Reading
Now that the good weather is upon us analysts can say with confidence that last winter’s improved economy was in fact not related to the weather. Building new homes is up to close to a three-year high, and factory production has gone up in three out of this year’s first four months. New data released… Continue Reading
The economic news from London is a bit encouraging as the Office for National Statistics announced that 13,700 fewer jobless-benefit claims were made in March, representing the largest reduction in claims in one month since July 2010. It is expected that the improved figures will help to boost the popularity of Prime Minister David Cameron… Continue Reading
After the recent resignation of Yahoo CEO Scott Thompson, the online giant looked inward to find an interim leader for the company, choosing an advertising veteran Ross Levinsohn. Levinsohn has a BA from the American University and is 48 years-old. Levinsohn said about his company: "There aren't many platforms like this in the world. I've… Continue Reading
The largest international carrier in Asia has revealed that economy fares have fallen as much as ten percent since the start of 2012. The situation is a result of lessening travel demand as economic turmoil persists. In an interview with Bloomberg in Hong Kong, Cathay Pacific CEO John Slosar explained the current market conditions and… Continue Reading