Category Archives: bail out package

When it comes to recession-proof cities,”the Big O” is still on top.

The Japanese government has decided to intervene in the currency markets in an effort to rein in its skyrocketing yen. In a somewhat rare move, Japan’s Ministry of Finance announced that it would sell yen and buy U.S. dollars.

Stocks turned mixed Wednesday as investors digested a report showing a slowdown in manufacturing, and the U.S. dollar gained strength after Japan moved to rein in the surging yen.

President Obama has been talking — a lot — about what Washington needs to do to help save small businesses. Over the past week, he’s introduced a half-dozen different initiatives aimed at unlocking credit, creating jobs and expanding the Small … Continue reading →

Toyota Motor notified dealers it is prepared to unveil a solution to problems with the brake system of the popular Prius hybrid sedan, as well as a public relations campaign to try to repair its battered image.

Wall Street avoided a bigger walloping late last week, with sellers finally calling it quits after a nearly 10% plunge in less than three weeks. But the week ahead could be pivotal as investors either jump back in – or … Continue reading →

The government’s monthly job report on Friday showed that the disastrous labor situation plaguing the nation’s economy is moderating. But the report also underlines an unsettling reality: 8.4 million jobs have been vaporized since the recession began, and digging out … Continue reading →

It’s no wonder unemployed workers are getting discouraged: It’s never taken longer to find a new job.