With midterm elections coming up this November, democrats in the United States Congress are trying to show their constituents that they have a plan in place to help the struggling economy by pushing for approval of a small-business bill that is expected to be received from the Senate this week. Lawmakers at the capital return [...]

Nokia announced on Tuesday that it had decided to delay the launch of the N8, its top of the line cell phone, for the second time and that consumers could expect it in stores in October. The N8 is seen by industry experts as Nokia’s best chance to challenge Apple’s iPhone and Google’s Android for [...]

According to the top United States official overseeing the efforts to plug the oil well that has continued to spew millions of gallons of crude the past 153 days, the well today was officially sealed. The Macondo well was torn apart last April when the oil rig controlling it exploded killing everyone aboard.  British Petroleum [...]

During the annual Developer Forum held today Intel Chief Executive Officer Paul Otellini told attendees that Intel will begin shipping processor early next year that will be geared towards getting its chips into two market leading brands of smartphones.  Otellini did not elaborate on which brands of phones who be using Intel chips but the [...]

In a move expected to make it more competitive with rival Apple, Nokia today announced the hiring of Stephen Elop, a Microsoft top level executive. Elop, who turned 46 this year, is seen as a rising star in the high tech world.  In the past 5 years he has progressed from CEO of Macromedia, to [...]

Lawyers representing Hewlett-Packard went to court today and sued former employee and top executive Mark Hurd to prevent him from going to work at rival Oracle Corporation.    Lawyers representing HP said that by hiring Hurd Oracle would have access to trade secrets that are proprietary and would put those secrets at risk of being [...]

The internal probe conducted by British Petroleum regarding the April twentieth disaster that sent oil spewing into the Gulf of Mexico will implicate other oilrig partners as well as themselves. The report that is to be released on September 8th is just one of many in depth reports that have been conducted since the Deepwater [...]

In a bid to boost the economy, as well as dipping ratings at the poll for Democrats running for re-election, President Obama announce proposed legislation that will allow businesses to write-off new investments. An administration official divulged the proposed plan and said it is intended to allow businesses to write off new plant and equipment [...]

The International Monetary Funds’ John Lipsky said the global economy is on track for a moderate recovery.  Challenges remain in areas like medium term financial consolidation. Referring to representatives that are meeting the G20 meeting being held in South Korea, Lipsky said, “They are mainly confident that there is a moderate recovery underway globally.  Obviously [...]

The government released today the August jobs report and it indicated mixed results in the workplace.  On the positive side there was positive growth in the private job sector.  On the down side, there was not enough growth to offset the overall unemployment level. The majority of new jobs were created in the construction field [...]