PARIS — Coca-Cola said Thursday it has suspended plans for a euro17 million ($24 million) investment in France to protest a tax on sugary sodas that’s part of government efforts aimed at shrinking the country’s huge debts. The investment in the factory in Pennes-Mirabeau in southern France is on hold pending parliament’s debate on the [...]
WASHINGTON — A record level of exports and a drop in oil prices narrowed the U.S. trade deficit in July to its lowest point in three months. The jump in exports could give the economy a lift at time when it is at risk of another recession. The trade deficit fell to $44.8 billion in [...]
TRIPOLI, Libya — The new governor of Libya’s central bank says the former regime sold about 20 percent of the country’s gold reserves to cover salaries amid the uprising that ousted Moammar Gadhafi. Qassim Azzuz told reporters Thursday that Gadhafi’s regime sold 29 tons of gold to local traders in April, netting about 1.7 billion [...]
Texas faces a transportation funding gap of $315 billion over the next 20 years, according to the state’s transportation commission. Ten of its top 20 congested roads are in or around Houston. Yet while the mitigation plans for congestion around several of those existing roads remain unfunded, the state is moving ahead with the construction of more [...]
Turns out men are happier than women in the office, at least according to a recent survey by digital media company Captivate Network. After polling 673 white-collar professionals, men reported being 25 percent happier at work and generally more satsified with their work-life balance than women, despite working longer days on average. Although Captivate Network’s poll may [...]
TAIPEI, Taiwan — Fitch Ratings said Thursday that China’s credit risk has increased because local governments have become heavily indebted, with a lack of disclosure by financial institutions compounding the problem. The comments by Fitch, one of the three major credit rating agencies, come amid concerns that borrowings by local authorities in China for expensive [...]
Last month, after watching his manufacturing shop struggle through 10 years of decline, Frank Shannon finally decided it was time to close the doors. As recently as early spring, businesses like Shannon’s were thought by many economists to be the driving heart of the country’s economic recovery. In 1990, Shannon purchased Finishes LTD, based in [...]
If Americans had their choice, most would rather have a male boss than a female one, but that preference isn’t nearly as strong as it once was,according to a Gallup poll. When Gallup first asked the question in 1953, 66 percent of respondents said they’d rather have a man at the helm, with just five [...]
Detractors of Warren Buffett take note: The more a country taxes its richest citizens, the happier everyone in that country will be. Such are the findings of a new study, led by University of Virginia psychologist Shigehiro Oishi, which compares 54 different countries and finds a correlation between progressive tax policies — that is, higher [...]
MINNEAPOLIS (David Bailey) – Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank would spare no effort to boost disappointingly weak growth and lower unemployment, and he downplayed concerns about inflation. While the Fed chairman did little to disturb expectations of a further easing of monetary policy when officials meets on September [...]
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