Eric Migicovsky, an engineer, had a great idea. He wanted to create watches that could show information from an iPhone such as caller ID and text messages. But when he went after backers the traditional way, he came up against a brick wall. Luckily Migicovsky could turn to Kickstarter. This innovative web site gives ordinary… Continue Reading
Spain’s recession and extremely slow business activity have lowered the Standard and Poor’s 500 Index despite a positive four-month streak. Caterpillar Inc., Monsanto and Bank of America all fell a minimum of 1.7%, while Humana Inc. slid a whopping 8.1%. NYSE Euronext dropped as well, and also recorded an almost 50% fall in revenue. Microsoft’s… Continue Reading
According to a survey by Fortune Magazine, Edward Jones ranks as the fifth best company to work for. The investment firm has 11,000 offices all over the United States, and an astounding 65% of its employees are women. Another characteristic that sets Edward Jones apart from some of its sister firms in the financial sector… Continue Reading
As the economy improves analysts are predicting excellent growth rates for many companies. Here is a list of some of those firms which will most likely rise quickly in the coming year. 1. TRW Automotive Holdings: The automotive industry is second only to the military industry in profitability in the world, and there is every… Continue Reading
S&P has lowered Spain’s sovereign credit rating for the second time this year as the region’s economy diminishes. Standard & Poor’s lowered Spain’s A to a BBB+, stating a negative outlook for the future. The country’s short term rating also fell to A-2 from A-1. Ten years of borrowing costs in the nation have inflated… Continue Reading
For the first time since the 1970s Britain is facing the reality of double-dip recession. According figures supplied by London’s Office for National Statistics, the gross domestic product shrunk by 0.2 percent in the first quarter of 2012 after contracting by 0.3 percent in the last quarter of 2011. The technical definition of recession is… Continue Reading
Carl Barbier, US District Judge, is ready to hear a proposed class-action settlement over the damages done by the British Petroleum oil spoil in the Gulf of Mexico in 2010. The agreement, which will hopefully settle billions of dollars in claims, will be presented by BP PLC and a team of lawyers representing the plaintiffs… Continue Reading
SHIFT Athletic Performance is a new business established by Katy Luetke in January. It focuses on professional strength and conditioning, group fitness programs, sports-focused programs, personal training, nutritional coaching and more. In an interview with Redding.com, Luetke spoke about her new business. What prompted you to start your own business? “As a local and former… Continue Reading
Meteorologically speaking, spring is usually a welcome relief from cold, dark winter. However on the economic front, at least this year, there is a fear that this spring will bring the US economy back to the dreary days of last year’s recession, which this winter showed signs of recovery. As Christine Lagarde, the managing director… Continue Reading
Investor concern regarding the ongoing debt crisis and slow economic growth is likely to increase now that oil prices have reached $103 per barrel in Asia. June delivery’s benchmark oil had fallen 13 cents to $102.98 a barrel on the New York Mercantile Exchange, and the contract later fell 77 cents to $103.11. Meanwhile, Brent… Continue Reading