The Case-Shiller numbers released this morning showed that 19 out of 20 cities are still in the gutter.
On a year-over-year basis, Washington is the only city that is higher.
The rest are scraping the bottom, and almost half of them show modest monthly gains.
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Competition in the wireless market continues to push some of the smaller players. Smartphone maker Research In Motion has announced plans to cut 2,000 jobs and move around some executives, according to Bloomberg.
The cuts would reduce RIM’s workforce by around 10 percent, bringing the company from down to 17,000 employees. The company explained that it intends to shift focus to areas with the most potential for growth as its BlackBerry loses market share both in the U.S. and abroad.
“It’s common for companies, once they run into a glitch, to look at the organization and determine what functions are duplicated or no longer strategic,” Jack Gold, founder of J. Gold Associates, told VentureBeat. “It should let them run a leaner ship and hopefully allow them to get products to market quicker with fewer groups and layers of management to get in the way.”
The “glitch” was a recent report that the company could see reduced revenue for the first time since 2002.
WASHINGTON — President Barack Obama’s advisers would recommend that he veto a bill authored by House Speaker John Boehner to cut government spending and raise the debt ceiling in two stages, the White House said Tuesday. The House is expected to vote on the Republican bill on Wednesday. Senate Democrats have offered a competing proposal to cut spending and lift the debt ceiling. The Treasury Department says the debt ceiling needs to be raised before Aug. 2 or the government will begin defaulting on obligations.
Today’s Headlines 7/26/2011
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— Keith Halbert has left his job as United Airlines’ chief information officer with a $3-million severance package.
Mr. Halbert was named CIO after the merger of United and Continental airlines last summer but resigned at the end of April, according to a filing Tuesday with the Securities and Exchange Commission.
He was replaced by Robert Edwards, a Continental veteran, who was vice-president of systems operations at that airline before the merger. United declined to elaborate on the shift.
Mr. H
BRUSSELS – THE ambitious steps taken by euro zone leaders pulled the euro from the brink of disaster, but dangers lurk before they can declare victory against the debt crisis.
The sweeping measures bring the 17-nation euro zone closer to the type of federal fiscal union that markets have demanded but that some nations, notably Germany, have resisted, analysts say.
Markets gave an initial thumbs up to the battleplan agreed at a summit on Thursday: a new massive bailout for Greece, improved loan terms for bailed out nations and an overhaul of a crisis fund to react faster to crises.
‘We are correcting the mistakes made since this crisis started: undersized Greek aid, exorbitant conditions and narrowness of the EFSF (crisis fund),’ said Bruno Cavalier, chief economist at French brokerage firm Oddo Securities.
‘However, there are significant risks,’ Mr Cavalier warned.
Business dress presents a special set of problems in the summer when you need to look professional and stay cool. When you’re not working, it’s easy to stay cool by dressing down – slipping into a tank top and a pair of shorts and sandals, for instance – when it’s hot out. But we all know that’s not appropriate business dress, not matter how hot it is. So what can we do?
Here’s some business dress advice from the experts around About.com to solve the summer business dress problem:
And what about business men? I wish I had some lightbulb moment inspiration to share here, but I don’t; the full business suit is de rigueur for most who work in offices. Picking garments in the lightest, most breathable fabrics is the best tip I can offer.
So in sum, the trick to successful summer dressing for success is to depend on lighter fabrics and conservative styles.
If you’re just starting out as a business owner, two of the hardest challenges are 1) spreading the word about your new business and 2) getting the help you need inexpensively. Fiverr.com is a fun and clever way to do both at once. The site allows entrepreneurs (or anyone) to offer their products and services for $5. At this meeting place for “people to share things they’re willing to do for $5,” you can sell or buy just about anything. Recent postings included website reviews and business card design, and if you’re looking for radio advertising, someone was selling 30 seconds of airtime. Want to test the waters with a new product or service? Try selli
July 24, 2011 – LONDON – Bank of China <3988.HK> <601988.SS> is a leading contender in the race to acquire the aircraft leasing business being sold off by Royal Bank of Scotland
Royal Bank of Scotland, which is 83 percent owned by the UK government after a bailout during the financial crisis, said on Sunday its aircraft leasing division RBS Aviation Capital was on the block again, a year after it shelved a previous sale attempt.
Bank of China, U.S. co