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Bernanke Faces Grilling on Fiscal Stimulus Stance
2024-12-11 07:07:56| eWEEK Technology News
Ben Bernanke has tried hard not to follow his predecessor Alan Greenspan into the political arena by commenting on fiscal policy, but the Federal Reserve chief will find it difficult to stay above the fray.
Category: Information Technology
Economic Worries Grow Among Voters: Poll
2024-12-11 07:07:56| eWEEK Technology News
Voters are growing increasingly concerned about a recession, and the malaise is filtering into their views on the presidential election, according to a Reuters/Zogby poll.
Category: Information Technology
BEA Accepts $8.5 Billion Oracle Offer
2024-12-11 07:07:56| eWEEK Technology News
Oracle won a three-month-long campaign to buy BEA Systems by raising its bid for the business software maker by 14 percent to $8.5 billion.
Category: Information Technology
Boeing to Announce Further 787 Delay: Report
2024-12-11 07:07:56| eWEEK Technology News
Boeing Co is close to announcing a further delay to its 787 Dreamliner, The Wall Street Journal reported, threatening to push deliveries of the new, hot-selling plane even further back and increasing the risk of costly penalty payments to airlines.
Category: Information Technology
Apple to Rent Movies on Web, Shows Thin Notebook
2024-12-11 07:07:56| eWEEK Technology News
Apple will start renting movies over the Internet, Chief Executive Steve Jobs said at MacWorld Expo, moving the iPhone and iPod maker into a very competitive market.
Category: Information Technology
GM, Toyota Battle Turns Electric
2024-12-11 07:07:56| eWEEK Technology News
Toyota Motor Corp, likely to claim the title of world's biggest automaker later this month from General Motors Corp, threw down the gauntlet to GM in a race for the next "green" car.
Category: Information Technology
Alan Greenspan to Join Hedge Fund
2024-12-11 07:07:56| eWEEK Technology News
Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said that former Federal Reserve board chairman Alan Greenspan will advise his firm.
Category: Information Technology
Weak Retail Sales Fuel Recession Fears
2024-12-11 07:07:56| eWEEK Technology News
Retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
Category: Information Technology
Diebold to Restate Results Following Probe
2024-12-11 07:07:56| eWEEK Technology News
Diebold said it would restate its financial results for 2003 through 2006 and the first quarter of 2007 after a regulatory review that led it to adopt a new accounting method for recognizing revenue.
Category: Information Technology
Overtime Hours Point to Manufacturing Recession
2024-12-11 07:07:56| eWEEK Technology News
A drop in factory overtime hours to the lowest level since 2002 does not bode well for the manufacturing sector and has led many to expect widespread job cuts and a recession-plagued economy.
Category: Information Technology