Business and Finance

This area provides up-to-date and interesting developments from the world of business, economics and finance.

A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.

Novel Incubator Arrangement Draws Substantial Chinese Investment

The facility has just opened as the largest tenant in the new Maryland International Incubator, a joint project of the University of Maryland and the state…

Study: Managers' hiring practices vary by race, ethnicity

Using more than two years of personnel data from a large U.S. retail chain, the study found that when a black manager in a typical store is replaced by a…

Siemens to decisively strengthen its position in the growth market solar thermal power

Siemens AG is to acquire the solar thermal power company Solel Solar Systems Ltd. To date, the majority stake has been held by Ecofin Ltd., a London-based…

Survey: Economists Are Fans of Wal-Mart

That puts economists in line with the 48 percent of average Americans who picked Wal-Mart as the company that “best symbolizes America today” in a recent poll…

Economists Say Economic Crisis Will Cause More Retirements

Wellesley College economists Courtney Coile and Phillip Levine have published a new paper, “The Market Crash and Mass Layoffs: How the Current Economic Crisis…

Hit by recession, IT industry changing focus rather than slashing jobs

The current recession has focused top information technology executives on cost-cutting, but they are not slashing jobs the way they did in previous economic…

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