Financial news on November 7th, 2009
Business and Financial news
The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time. Read more..
A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession. Read more..
Regulators, central bankers and citizens are criticizing bankers for continuing large compensation packages while receiving government funds. Read more..
The founders of Skype will drop their lawsuits against the company and a consortium of buyers who bid to purchase Skype. In exchange, the founders will get a 14 percent share in the new Skype. Read more..
To take Synergenz’s Respiragene test, consumers swab the inside of a cheek to get DNA and send the sample to a laboratory in Kentucky. The Synergenz Web site says a physician is required to sign a form requesting the test. The Respiragene te... Read more..
The head of European operations for General Motors quit after the automaker backed out of a deal to sell its Opel brand, a decision that has angered German workers and government officials. Read more..
The airline says the additional reductions are necessary in what its chief calls the most difficult year in airline history. Read more..
Scaring people into quitting is the marketing rationale for a new genetic test, which purports to identify which smokers have the highest risk of developing lung cancer. Read more..
Stock in the company, creator of the BlackBerry smartphone, has lost about a third of its value since September. Read more..
The number of unemployed rose to 15.7 million in October, as 190,000 nonfarm jobs were lost, the government said, and economists do not expect relief until next year. Read more..