Business

Merck

Merck cutting a further 8500 jobs

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Pharmaceutical giant Merck & Co, known outside the USA and Canada as MSD (Merck Sharp & Dohme), will cut its workforce by a further...
Great recession

Americans responded surprisingly to government during great recession

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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 logo

Unilever profit warning

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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

Purchasing Managers Index highest since 2011

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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

Vehicle sales fell for GM, rose for Ford and Chrysler

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While Ford reported a nearly 6% gain in vehicle sales in September compared to the same month in 2012, General Motors’ sales fell 11%,...
World Map

Unemployment up in Germany, flat in Euro zone

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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

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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...
paycheck to paycheck

Fewer workers living from paycheck to paycheck

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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...
Euro zone

Euro zone inflation lowest in 3.5 years

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September inflation dropped in the Euro zone to 1.1% annualized, from 1.3% in August, according to a flash estimate by Eurostat, the European Union’s...
Dollar

Americans should contribute more to retirement funds, study says

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More than 90% of future retirees are not contributing enough to retirement funds, a study conducted at the University of Missouri found. As baby boomers...