What's Occurring?

Skilled workers such as electricians, carpenters and welders are in short supply, resulting in another obstacle to the global economic recovery, according to a research paper by Manpower Inc (MAN.N). “It becomes a real choke-point in future economic growth,” said Jeff Joerres, Manpower Chief Executive. “We believe strongly this is really an issue in the  [ Read More ]

Apple Inc plans to rent TV shows to viewers for 99 cents through iTunes and is in talks with News Corp, Walt Disney and other media conglomerates, according to sources. The industry sources, who will remain anonymous because negotiations were private, claimed the discussions were aimed at enabling viewers to rent network programing for 48  [ Read More ]

Hewlett-Packard Co could spark a bidding war for data storage company 3PAR Inc after offering to pay $1.6 billion, topping rival Dell Inc’s bid by a third. It appeared that investors were anticipating a higher bid when shares in 3PAR climbed 45 percent to above HP’s $24-a-share offer. Analysts said 3PAR is a particularly attractive  [ Read More ]

The CEO of Chrysler, Sergio Marchionne, admitted on Monday it will be “difficult” for the automaker to end this year in profit. The USA’s number three automaker narrowed its net loss to $172 million in the second quarter, from a $197 million net loss in the first quarter after emerging from a government-supported bankruptcy in  [ Read More ]

Dell Inc and Hewlett-Packard Co reported strength from corporate customers and only slight weakness from consumers, dismissing worries about a weakening demand for technology. Fears persisted concerning the strength of any consumer spending recovery, as growth moderates in Europe and China as well as in the United States according to analysts. But, even as shares  [ Read More ]

Music group EMI warned it needs to raise more capital to pay off debts despite reporting a large reduction in annual losses. Losses of £1.75 billion were improved with a pre-tax loss of £624 million up until the end of March 2010. A rise in revenue of 5% to £1.65 billion is partly attributed to  [ Read More ]

A number of holidaymakers affected by the collapse of Kiss Flights are still awaiting refunds from another bust travel company. As many as 50,000 passengers were affected by the collapse of Goldtrail last month and some rebooked flights with Kiss which has now also ceased trading. An estimated 70,000 holidaymakers have been affected by the  [ Read More ]

Six UK airports are in danger of being closed later this month if talks to avert a strike are unsuccessful. A 1.5% pay offer has been rejected by security staff, engineers, and firefighters who have all colluded to strike. BAA has warned that Heathrow, Stansted, Southampton, Edinburgh, Glasgow and Aberdeen airports could all be closed  [ Read More ]

A world record level of £100 million ($156 million) in shirt sponsorship for the new season has been negotiated by Premier League football clubs. According to Sporting Intelligence, The combined value of all struck deals for the 20 clubs in England’s top division is £99.75 million, up from last season’s total of £71.8 million. The  [ Read More ]

A new study by the Pew Internet & American life project has revealed the majority of Americans do not favour making affordable, fast Internet access a priority by the government. Researchers asked a total of 2,252 adults whether a government priority should be to expand affordable high-speed Internet access to everybody in the country. But,  [ Read More ]