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Statoil resumes operations in Algeria after deaths

a shared story    35 minutes ago
HELSINKI (AP) -- Norwegian oil company Statoil says it will resume operations at a gas field in Algeria, 19 months after five Norwegian workers were killed in a terrorist attack there.... 

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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    289 weeks 8 hours 41 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

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Euro zone factory growth slows in August amid Ukraine tension - PMI

a shared story    2 hours 35 minutes ago
LONDON, (Reuters) - Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed on Monday.  

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UK manufacturing growth 'slows'

a shared story    2 hours 35 minutes ago
UK manufacturing body the EEF trims its growth forecast for the sector after its members report a slowdown in both orders and output. 

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Weak investment, trade drive second quarter contraction in German economy

a shared story    3 hours 35 minutes ago
BERLIN (Reuters) - Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe's largest economy is running out of steam just as the impact of the crisis in Ukraine starts...(more) 

Bikes help commuters get around gas prices

a shared story    320 weeks 5 days 19 hours 52 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 

China manufacturing slowdown ripples through region

a shared story    4 hours 35 minutes ago
SYDNEY (Reuters) - Growth in China's vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.  

Wholesale prices soar in June; sales are sluggish

a shared story    319 weeks 5 days 21 hours 15 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 

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Retreat in China's PMIs heightens calls for policy easing

a shared story    6 hours 35 minutes ago
BEIJING (Reuters) - Growth in China's vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more.  

In Silicon Valley, more homeowners are spending more than half their income on housing

a shared story    308 weeks 17 hours 25 minutes ago
Laura Meneses made the same fateful choice that thousands of local home buyers have made since 2004: She decided to spend most of her family's income on housing. Over the last four years, the number of Santa Clara County homeowners who spend over half their income on...(more) 

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Price to PepsiCo for Not Being in Court: $1.26 Billion

a shared story    252 weeks 4 days 7 hours 42 minutes ago
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two...(more) 

As Finances Tighten, Furloughs Give Way to Pay Cuts

a shared story    212 weeks 5 days 5 hours 51 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

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