Google is eliminating about 20 percent of the jobs at Motorola Mobility, the struggling cellphone manufacturer it finished acquiring earlier this year for $12.5 billion, according to reports from The New York Times, Dow Jones' All Things Digital blog and other news outlets.
Originally published on Mon August 13, 2012 8:51 pm
One factor that has kept Poland somewhat insulated from the eurozone crisis is domestic consumer spending. Poland had more than 4 percent growth last year while the rest of the continent was mired in negative or flat growth. Poles have more discretionary income than ever before, and they're using it to buy things in swank malls cropping up all over the country.
Originally published on Tue August 14, 2012 1:57 pm
If you don't love scallops, you probably just haven't had one that's cooked properly. That is, pan fried with some garlic and butter and herbs. They are very tasty.
In Maine, scientists and fishermen are learning how to farm, instead of catching, these tasty sea critters. That could be good for business and the environment.
Out on the water off Stonington, Maine, Marsden Brewer is motoring his lobster boat through the crowded fishing harbor. Today, just about all the boats here are lobster boats. But 30 years ago, he says, it was a different story.
Originally published on Mon August 13, 2012 11:22 am
Zoe Chace and Robert Smith are reporting from European borders this week. This is the third story in a four-part series.
The eurozone was supposed to create one big labor market by making it easy to cross borders for work.
But Gerhard Wiegelmann, a CEO in Stuttgart, Germany, can't find enough workers to staff his company — even with unemployment in Spain over 20 percent. He's had to turn down projects because he can't hire enough people.
Entrepreneurs are part of what makes America great. Many citizens over 50, rather than retiring early, have started their own businesses and are enjoying personal and monetary rewards. In this month's feature article we present a story by Commonwealth Financial Network that gives you some food for thought on the possibilities of entering the world of entrepreneurship.
Originally published on Wed August 8, 2012 2:39 pm
It may take some time to pinpoint the exact cause of India's massive blackouts last week, but the underlying issue for India and many other parts of the developing world is that supply is struggling to keep up with the growing demand for power — an imbalance that can affect the reliability of electric grids.
Originally published on Thu August 2, 2012 8:50 am
Maureen O'Brien told her daughter Emily Macri: dream big.
She could pick any college she wanted and they would figure out a way to pay for it.
Macri chose the University of Vermont, which costs more than $49,000 in tuition and fees per year for out-of-state residents.
O'Brien and her daughter co-signed a private student loan from Sallie Mae for $24,000 and a $30,000 Parent PLUS loan, a federal loan program for parents. And that was just for Macri's first two years of college.
The jobs gain was the best in five months and was much better than the revised estimated of growth for June — a gain of just 64,000 jobs. But it wasn't good enough to keep the jobless rate from rising slightly. In June, it stood at 8.2 percent.
Originally published on Wed August 1, 2012 1:26 pm
Weighing 400 grams, the Olympic gold medals that are being doled out at the London 2012 Summer Games are the heaviest ever, according to reports. But that doesn't mean they're the most valuable: at an estimated $620.82, they're nearly $590 short of the $1,207.86 value held by a gold medal from the Stockholm Games of 1912.
The discrepancy stems from the fact that the 2012 gold medals contain only 6 grams of gold; the rest is silver and copper. In fact, the London bling contains more copper than gold, which is only used to coat the medals with a plating layer.
Rebeca Espinal admits with a shy smile that she's a straight-A math student. She's a high school graduate who dreamed of going to college.
Instead, Espinal, 17, is working in a Charlotte, N.C., factory that makes gas turbines and generators. She is an apprentice with the German company Siemens.
"I was planning on getting a degree in international relations, but with financial aid and how difficult it is to pay for college and everything," she says. "So when Siemens came along and gave me the offer, it was too good of an opportunity to just let it go.
Originally published on Thu July 26, 2012 10:30 am
Apple reported its financial results for the quarter ended June 30, and depending how you look at it, they're either amazing or disappointing.
The company says it made $8.8 billion in profits over the course of three months. That's more than enough to buy every share of Alcoa, the global aluminum giant, which was worth just under $8.6 billion when the stock market closed this afternoon.
If there is a founding ethos in the world of high-tech startups, it's this: The idea is everything. Facebook's initial public offering might have seemed like the perfect illustration. A simple concept, conceived by a college student, became a $100 billion empire in just 8 years.
HSAs or Health Savings Accounts can provide significant tax deductions as well as help you deal with rising health care costs. However, they are not for everyone. Please read this month's lead article to learn if an HSA makes sense for your family.