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AP Business News
11/07/2009 15:10:55
| Jobless: 10 percent is tougher than it used to be
WASHINGTON (AP) - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job. And a bigger share of them have no health insurance, leaving them one medical emergency away from financial ruin. More » | Software cos. eye key patent case in Supreme Court
WASHINGTON (AP) - With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections for software. A ruling that sides with the Patent Office could bar patents on processes and methods of doing business, such as online shopping techniques, medical diagnostic tests and procedures for executing trades on Wall Street. And it might even undercut patents on software. More » |  Analysis: 10 percent jobless is Obama's new world
WASHINGTON (AP) - For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent. A year after his election Obama finds it increasingly difficult to blame the sour economy on George W. Bush or offer reassurances that jobless Americans will soon find work. More » |  Chinese premier: Africa trade push is 'selfless'
SHARM EL-SHEIK, Egypt (AP) - China's premier stressed Saturday that his country's push to boost already burgeoning trade ties with Africa was ``sincere and selfless,'' as the Asian powerhouse battled criticism its quest for natural resources was at the expense of the poverty-ravaged continent. In a speech punctuated with terms like ``equality'' and ``mutual benefit,'' Wen Jiabao appeared to be setting the stage for a China-Africa summit starting Sunday that would allow Beijing to both continue its investment inroads into Africa and mute critics who argue that its need to fuel its growing economy has allowed it to ignore the dismal human rights records of many of the continent's nations. More » | Philly transit union says pact reports 'premature'
PHILADELPHIA (AP) - A national spokesman for the Philadelphia transit system's largest union says reports of a tentative agreement were ``premature'' and the negotiations aimed at ending a five-day strike continue. Transport Workers Union Local 234 spokesman Jamie Horwitz says progress is being made and a counteroffer is being made to the Southeastern Pennsylvania Transportation Authority through U.S. Rep. Robert Brady, D-Pa. More » |
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