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Archive for September, 2012

When it comes to an individual’s healthcare there is no room for making a half-hearted decision regarding what options to go for. A lot of people take their health for granted – they only go to the hospital when they literally have no other choice or they do not sit and think about the different options which they have available to them. A lot of the time this is to  [ Read More ]

SAN FRANCISCO A U.S. appeals court ruled on Friday that a lower court should reconsider a sales ban against Samsung’s Galaxy Tab 10.1 won by Apple in a patent dispute with the South Korean electronics maker. The injunction was put in place ahead of a month-long trial that pitted iPhone maker Apple Inc against Samsung Electronics Co Ltd in a closely watched legal battle that ended with a resounding victory for Apple last month on many of its patent violation claims. However, the jury found that Samsung had not violated the patent that was the basis for the tablet injunction […]

BRUSSELS The European Commission said it raided several lead recycling companies in a number of European Union countries on September 26 as part of an investigation into suspected cartel practices. The Commission did not name the countries or the companies, that it said had been buying old batteries and scrap lead for recycling. “The Commission has reasons to believe that the companies concerned may have violated Article 101 of the Treaty on the Functioning of the European Union (TFEU), which prohibits cartels and restrictive business practices,” it said. The EU executive arm said the unannounced inspections were a preliminary step […]

MADRID Spain’s debt will reach 90.5 percent of gross domestic product by end 2013 after hitting 85.3 percent of GDP by the end of this year, the government’s budget document showed on Saturday. The debt ratio included 30 billion euros of the planned 100-billion-euro aid request for the country’s banks, the document said. The Treasury saw gross debt issuance requirements of 207.2 billion euros next year after budgeting in 2012 for gross issuance of 186.1 billion euros. While almost all the issuance would be in medium- and long-term bonds and Treasury bills, the document noted the government would consider issuance […]

Although you may not be able to shut off the flow of direct-mail ads for credit cards entirely, you can narrow the stream.The Fair Credit Reporting Act lets insurers and creditors send unsolicited offers based on information they learn about consumers through credit reporting bureaus. Anytime you get pre-approved credit card offers, you can bet the companies got information about your credit history to make sure you fit their target markets.On the other hand, the law also gives you the right to just say no. Some consumers choose not to receive prescreened credit card offers because they want to protect […]

BEIJING China’s economy has almost certainly suffered a seventh straight quarter of slowing growth, with a new private sector survey of factory managers revealing a near year-long decline in business activity and a fresh fall in export orders in September. The HSBC China Manufacturing purchasing managers index (PMI) showed overall factory activity shrank for an 11th consecutive month in September, despite the 47.9 final index level being slightly ahead of a preliminary, or flash, estimate of 47.8 and the August reading of 47.6. It extends the longest run of readings below 50 – which separates expansion from contraction – in […]

China has long been a desired destination among the world’s biggest multinationals looking to fill labor-intensive positions on the cheap. But recent riots there may have some foreign manufacturers thinking about moving production closer to home.   From Apple’s (AAPL) biggest iPhone manufacturer, Foxconn, which employs tens of thousands of people in China, to Toyota (TM) and Caterpillar (CAT), manufacturers have long taken advantage of China’s low-cost labor, solid infrastructure and softer regulations. But calls for better wages and working conditions have been growing louder in China over the last decade, recently exploding in a 2,000-person fight at Foxconn just […]

The September jobs report is due next week and the numbers could play an important role in the upcoming presidential election. Jobs are undoubtedly the central theme of this campaign. President Barack Obama, if he expects to win re-election, has to convince voters that his policies are addressing the causes of a stubbornly high unemployment rate (8.1% in August). A lousy jobs report just a month before the Nov. 6 election won’t be helpful. Former Massachusetts Gov. Mitt Romney, the Republican candidate, has argued that Obama’s economic policies have failed and that the recovery should be much farther along nearly […]

4 things to know about 401(k) fees

If you’re in a 401(k) plan, you should recently have received a new disclosure about the fees you are paying within that plan. It may be dry reading, but it deserves your close attention.Many people don’t even realize they are paying fees in a 401(k) plan. After all, it’s not like you have to write a check or anything — the fees are automatically deducted from the value of your investments. In fact, it might be better if people did have to write a check for these fees, because being more aware of those charges would probably lead to closer […]

U.S. households stretched to pay for costlier gasoline on meager income growth in August, undercutting spending on other items and pointing to lackluster economic growth. Other data on Friday showed factory activity in the Midwest contracted this month for the first time in three years. The Commerce Department said consumer spending rose 0.5 percent last month after gaining 0.4 percent in July. The increase was the largest in six months, but it reflected a rise in gasoline costs that pushed inflation up by the most in nearly 1-1/2 years. Adjusting for the jump in prices, spending edged up a scant […]

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