After several false alarms, software giant Microsoft is claiming that the end of Windows XP is finally on its way, and customers now have 1,000 days until the company stops supporting Windows XP.   The purpose of the decision is to start encouraging more Windows users to upgrade to Windows 7, which may not be [...]

Unemployment in June rose to 9.2 percent, with employers adding just 18,000 jobs, raising concerns that the second half of 2011 won’t lead to an expected economic revival. Forecasters predicted that the rate would remain unchanged at 9.1 percent. In spite of poor numbers, analysts still believe that the economy will rebound in the remaining [...]

As lawmakers meet today to discuss the debt ceiling and related problems, President Obama has a full agenda on his plate. He’s seeking broad changes to Social Security and Medicare, as well as an overhaul of the tax code, all as part of a package to reduce the deficit by $4 trillion. This extensive proposal [...]

Tuesday morning, Christine Lagarde began her job as the new chief of the International Monetary Fund, filling the gap left by the departure of Dominique Strauss-Kahn back in May.  Strauss-Kahn voluntarily resigned after his reputation was soiled by allegations that he had sexually assaulted an employee of the Manhattan hotel where he had been staying [...]

In the first half of 2011, personal bankruptcies have taken a dramatic enough fall that many are speculating the worst may be over.  In June 2011 alone, there were 6,500 fewer bankruptcies than in June 2010, and when the numbers for the entire first half of the year are taken into account, there has been [...]

Inflation in China in May hit its highest point in nearly three years, and although numbers aren’t out yet for last month, forecasters believe rates continued to increase throughout June. The Cabinet expects rates to be high due to higher food costs blamed on summer floods which damaged or destroyed crops. According to some predictions, [...]

Hsu Fu Chi international, a pastry and candy company in China, is reportedly in talks with various firms, including Nestlé, concerning a possible buyout of the company.  Hsu Fu Chi has suspended the trading of its stock as of Monday morning to help protect shareholders and keep a stable share price, while negotiations are under [...]

After a week of bad reports and some doom and gloom about economic recovery, there is a piece of good news found in U.S. manufacturing. The pace of growth in this sector increased in June, for the first time in four months. A report by the Institute for Supply Management said the index of factory [...]

Stocks on Wall Street climbed higher on news that Greece would be able to reach a compromise on a debt rescue package. Lawmakers in the country passed an austerity bill, one of the contingencies under which international lenders agreed to release more emergency loan money. Banks and insurance agencies in Germany also agreed to roll [...]