Business & Technology

Asia
1:57 pm
Fri December 2, 2011

World Starts To Worry As Chinese Economy Hiccups

Originally published on Fri December 2, 2011 5:55 pm

Not long ago, economists and others expressed concerns that China's economy was expanding too quickly. Now, the latest data are raising concerns about a slowdown — and the woes it could trigger.

With a sluggish U.S. economy and troubles in the eurozone, Chinese exports are taking a hit, causing a slowdown on shop floors in Shanghai and Shenzhen. Earlier this week, the Chinese Purchasing Managers' Index, or PMI, fell to its lowest level in nearly three years.

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The Two-Way
12:41 pm
Fri December 2, 2011

Online Gaming Company Zynga Says Target Valuation Is Around $7 Billion

As we've noted before, 2011 has been a great year for Internet companies seeking to go public. Today, Zynga said it hoped to price its shares at $8 to $10 per share during its initial public offering later this month. Depending on whose math you trust, that means the company will try to raise about $1 billion and the debut could value the company at $7 billion. (Some news outlets are putting that number as high as $9 billion.)

What is Zynga you ask? They're the makers of social games like Farmville and Cityville.

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Economy
12:01 pm
Fri December 2, 2011

Jobless Dip May Overstate Economic Improvement

NPR

The unemployment rate dropped unexpectedly to 8.6 percent in November, in part because hundreds of thousands of Americans stopped looking for work. But analysts said the modest increase of 120,000 jobs created last month points to an economy that's generally still limping.

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The Two-Way
11:50 am
Fri December 2, 2011

Samsung, HTC And Carrier IQ Face Suit Over Logging Software

Originally published on Fri December 2, 2011 12:02 pm

The first lawsuit has been filed against Samsung, HTC and Carrier IQ over software installed on millions of phones that can capture a wide range of data including key strokes.

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The Two-Way
7:34 am
Fri December 2, 2011

Unemployment Rate Drops To 8.6 Percent; 120,000 Jobs Added

A job fair in San Francisco last month.
Justin Sullivan Getty Images

Originally published on Fri December 2, 2011 10:46 am

The nation's unemployment rate fell to 8.6 percent in November from 9 percent in October as payrolls went up by 120,000 jobs, the Bureau of Labor Statistics says.

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The Evolution Of A Startup
11:01 pm
Wed November 30, 2011

Setbacks And Surprises Part Of The Deal For A Startup

Bluebox Now CEO Naresh Dhiman attends a TechStars retreat with other startup founders at a cabin outside Seattle. His wife is considering getting a job so he can continue to focus on the company.
Courtesy TechStars

Originally published on Tue December 6, 2011 7:21 am

Launching a new company is never easy. But in the beginning, the founders of Web-based marketing firm Bluebox Now felt they were on track. The Seattle startup lined up a large paying customer, had a lot of other great leads and was reasonably confident it would get a sizable amount of outside funding. A lot has happened since then.

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The Economy Project
7:38 am
Sat January 16, 2010

Biden Announces Loan Forgiveness

New Orleans, La. – The Vice President said New Orleans and other cities and agencies will soon have an opportunity to shed some crushing debt. He said communities must show they still need help to have those loans forgiven.

He made the announcement at the St. Bernard Community Center. Senator Mary Landrieu joined Biden at the event attended by about 300 people. She also arranged for him to visit southwest Louisiana communities still recovering from hurricanes of 2005.

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The Economy Project
12:55 pm
Thu January 14, 2010

Full Circle for a Farmers Market

New Orleans, LA –
Just as cycles of growth and rebirth set the pace down on the farm, a farmers market in Mid-City has recently come full circle, and hopes are high that it will bear new fruit.

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The Economy Project
1:33 pm
Thu January 7, 2010

When Fine Meals Defy Financial Markets

The wine flows at a party at Le Meritage, one of the ambitious restaurants to open in New Orleans despite a sputtering economy.
Le Meritage

New Orleans, LA –
Discouraging financial news seemed inescapable last year as America's economy continued to limp along. But narrow the focus to the realm of New Orleans restaurants and you might have thought 2009 was a boom year.

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