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How Europe watches American unemployment
Aug 3, 2012
Today the world is watching us here in the U.S. The Labor Department is about to tell us how many jobs
were created in the U.S. last month and what the new unemployment rate is. It's seen as a key indicator for the health of the U.S. economy, which is still the largest in the world.
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Japanese electronic companies suffer losses
Aug 2, 2012
In Japan, two big electronics companies are reporting disappointing earnings this morning. Sony is reporting a $316 million quarterly loss. And Sharp announced a $1.2 billion loss, which was much worse than expected.
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Power problems persist across India
Jul 31, 2012
In India, 600 million people lost power this morning. It's the second major blackout there in just two days.
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India experiences massive power outages
Jul 31, 2012
Today blackouts in northern India spread to the eastern states, affecting half of the country's 1.2 billion people. Many office buildings are running on generators; More than a hundred trains were stranded in the summertime heat.
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Eurozone crisis hits Shell, other earnings
Jul 26, 2012
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
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Eight charged in U.K. phone hacking scandal
Jul 24, 2012
Eight people have been charged in the phone hacking scandal that closed down Rupert Murdoch's paper, News of the World. Prosecutors allege the employees took part in the illegal interception of voicemail messages of more than 600 people.
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Germany's strength doesn't protect from Moody's downgrade
Jul 24, 2012
Moody's Investors Service has lowered the outlook for the credit ratings of three of Europe's strongest economies: Luxembourg, the Netherlands and Germany. It's part of a busy day in Europe that has investors on-edge -- markets there are barely moving.
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Indian factory experiences dangerous worker riots
Jul 20, 2012
Employee riots at India's largest car-maker -- Maruti -- have burned down part of the factory, shut down the plant and killed a human resources manager.
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Chinese companies predict falling profits
Jul 18, 2012
Some of China's biggest companies are warning that profits for the first half of this year could be cut in half. It's the latest evidence of an economic slowdown in China and gives you a sense of how big that slowdown might be.
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Russian rocket carries U.S. astronaut for pay
Jul 16, 2012
Yesterday the Russian Soyuz spacecraft launched and is now on its way to the International Space Station. Since retiring their own shuttle program, NASA has been paying Russia millions of dollars to get astronauts into space.
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