IMF lowers forecast for global economic growth in 2015 and 2016
The International Monetary Fund (IMF) has downgraded its forecast for global economic growth in 2015 and 2016. It also called for central banks and...
Oracle appoints Leon Panetta to its board of directors
Leon Panetta has been unanimously elected to Oracle’s board, according to an announcement made on Monday.
Oracle, based in Redwood City, said that appointing Panetta...
Facebook is on a hiring spree, posts 1,159 job openings
Facebook has posted 1,159 job openings on its corporate site, part of the the social networking giant’s aggressive growth strategy.
According to a company filing,...
Chinese growth in 2014 was the slowest in over two decades
In 2014 the Chinese economy grew at its slowest rate in over twenty years.
China posted GDP of 7.4% in 2014 versus the same period...
DreamWorks has begun a round of layoffs, up to 400 jobs could be affected
A labor union announced that DreamWorks Animation SKG Inc has already started laying people off. The exact number of layoffs has not been announced,...
UK closes two-year-probe into HP purchase of Autonomy
Britain's Serious Fraud Office (SFO) has closed a two-year-old probe into alleged accounting issues related to Hewlett-Packard Co.’s $11-billion purchase of the British software...
Gas prices are below $2 a gallon in 28 states across the US
Gasoline prices are now less than $2 a gallon across 28 states in the US.
The national average price for regular-grade gasoline is now $2.05...
Denmark cuts deposit rate, will not remove currency peg to euro
The Danish central bank reduced its deposit rate into negative territory on Monday as the market speculated that it could do something similar to...
Fast radio burst from unknown source detected by astronomers in real time
Astronomers have observed an extremely short, sharp flash of radio waves from an unknown source in the universe. The mysterious phenomenon was detected, unlike...
UK North versus South wealth gap is widening, says new study
The gap between the UK's best- and worst-performing cities has widened dramatically over the past ten years, creating a two-tier economy of decline (mainly...