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Thomas Cook hit by shock CEO departure, slowing growth

a shared story    18 minutes ago
LONDON (Reuters) - British holiday company Thomas Cook said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.  

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ECB outlook lifts Europe shares, Australian dollar sags

a shared story    18 minutes ago
TOKYO (Reuters) - European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook.  

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

a shared story    301 weeks 2 days 8 hours 24 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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Saudi, Russia pre-OPEC talks yield no oil output cut

a shared story    1 hour 18 minutes ago
VIENNA (Reuters) - Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.  

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EU's Juncker proposes $380 billion investment plan

a shared story    1 hour 18 minutes ago
BRUSSELS (AP) -- Jean-Claude Juncker, the president of the European Union's executive branch, is proposing a 315-billion euro ($380 billion) investment plan to boost the bloc's flagging economy with some 21 billion coming from EU institutions.... 

Bikes help commuters get around gas prices

a shared story    333 weeks 19 hours 35 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) 

Wholesale prices soar in June; sales are sluggish

a shared story    332 weeks 20 hours 58 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) 

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

a shared story    320 weeks 2 days 17 hours 8 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    264 weeks 6 days 7 hours 25 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    225 weeks 5 hours 34 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

Jobs outlook weak as state's unemployment rate hits 6.9% in June

a shared story    331 weeks 4 days 3 hours 10 minutes ago
California's jobless rate crept ahead Friday as experts saw weakness spreading into new areas of the economy. For months, job losses were concentrated in the state's housing industry. But with June's increase of one-tenth of a percentage point to 6.9%, it was evident that a broader downturn...(more) 

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UC System Could Gain Millions From Stimulus

a shared story    303 weeks 3 days 17 hours 35 minutes ago
If the $819 billion stimulus package passed by the U.S. House of Representatives Wednesday survives the legislative gauntlet in the coming weeks, it would boost financial aid chances for students and pump millions of dollars into the University of California, higher education officials say. It is unclear...(more) 

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