B2B News

A research firm, IDC, reported that despite the economic distress in Europe and a shortage of hard drive, worldwide IT sales increased by 5% last year. 5% may not be huge number but nonetheless, the increase was seen as satisfactory considering the state of the economy around the globe. The calculation was made based on [...]

A survey showed that the nation’s growth rate in 2011 was 1.1%. On that same year, Silicon Valley had a 3.8% job growth. The world’s tech capital was reported to have added 42,000 jobs in 2011 and is expecting a surge in job growth and wealth this year. If this comes true, Silicon Valley will [...]

The dollar fell against the euro and the yen after data showed bigger-than-forecast increases in U.S. home prices and consumer confidence, easing concern the economy is slowing and sending U.S. stocks up. The yen still headed for a fourth monthly gain versus the dollar, its longest winning streak in 19 months, as speculation the global [...]

Stocks are ending lower as worries about the economy outweigh optimism from a fresh round of corporate deal making. According to preliminary calculations, the Dow Jones industrial average gave up 39 points, or 0.4 percent, to 10,174. The Standard & Poor’s 500 index fell 4, or 0.4 percent, to 1,067, while the Nasdaq composite index [...]

The tax break, which started at 12:01 a.m. Friday and runs through midnight Sunday, lifts the state’s 6 percent sales tax on many school supplies priced less than $10 and certain books, clothing, footwear and accessories less than $50. This weekend is the first back-to-school tax holiday since 2007. Retailers typically offer their own discounts [...]

Unemployment insurance unexpectedly rose last week to its highest level as number of U.S. workers filed new claims for jobless benefits. This is a fresh signal of a weak jobs market. Labor Department said on Thursday that the number of new claims for jobless benefits rose 2,000 to 484,000 in the week ended August 7, [...]

The probability of another recession over the next 18 to 24 months is higher than that of expansion, researchers said in the latest issue of the regional Fed bank’s Economic Letter. There is a “significant” chance the U.S. economy will slip back into recession in the next two years although a reversal is unlikely in [...]

Strong economic and earnings reports drove investors to riskier assets, pushing the U.S. dollar lower against major currencies last Monday. The euro mount up to $1.3170 in late New York trading from $1.3053 late Friday, while the British pound jumped to $1.5893 from $1.5699. The dollar fell to 1.0239 Canadian dollars from 1.0295 Canadian dollars [...]