Hyundai to defer payment due from federal employees
U.S. federal employees who have financial commitments with Hyundai Motor USA will have their payments deferred during the government shutdown, the company announced yesterday.
The...
Budget battle at start of year triggers wasteful spending later
Stalling budgets is nothing new for Congress.
In fact, avoiding a budget battle and passing an appropriation bill on time is the exception rather than...
Merck cutting a further 8500 jobs
Pharmaceutical giant Merck & Co, known outside the USA and Canada as MSD (Merck Sharp & Dohme), will cut its workforce by a further...
Americans responded surprisingly to government during great recession
One would expect people demanding government policy solutions to rapidly accelerating unemployment and widespread income insecurity during a recession.
That is how the American population...
Unilever profit warning
After the Anglo-Dutch multinational Unilever gave a profit warning, shares dropped 4.44% to 2,335p in the London Stock Exchange.
Unilever said the slowdown in emerging...
Purchasing Managers Index highest since 2011
The manufacturing sector expanded in September, the fourth consecutive month, to its highest point since April 2011, according to a new Purchasing Managers Index...
Vehicle sales fell for GM, rose for Ford and Chrysler
While Ford reported a nearly 6% gain in vehicle sales in September compared to the same month in 2012, General Motors’ sales fell 11%,...
Unemployment up in Germany, flat in Euro zone
In Europe today the German government announced a slight increase in unemployment and Eurostat, the European statistical agency of the European Union, reported no...
U.S. government starts shutdown
The U.S. government starts shutdown after the House of Representatives refused to approve a budget for the coming year.
Despite a last-minute appeal by President...
Fewer workers living from paycheck to paycheck
The percentage of U.S. workers living from paycheck to paycheck has declined from 46% at the height of the financial crisis in 2008, to...