Word: businessese
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This week the largest financial firms in the nation have been reporting how they did in the last three months of 2009. In two words: not good. Citigroup and Bank of America lost roughly $8 billion and $5 billion, respectively. The credit-card and mortgage businesses of JPMorgan Chase, which...
The worry is that problems at the banks will restrict credit and make it harder for businesses to grow and individuals to spend. That could put the brakes on the economic rebound. What's more, the continued loan losses at the banks show that individuals and companies are still having...
Partnerships like these are currently free for businesses; Crowley says Foursquare is still trying to figure out how to make rewards even more useful for its members. While Foursquare isn't under any immediate pressure to make money - the site received $1.4 million in an August round of funding - its...
Xenophobes in homogenous European countries often complain that immigrants will erase their most precious cultural norms. The race riots in southern Italy last weekend may be one indicator that change is inevitable, as African immigrants who don't live by the country's infamous omertà code of silence violently...
Still, Vietnam remains a potentially lucrative growth market that had a stronger than expected showing at the end of 2009, and it remains to be seen if the Jetstar Pacific imbroglio will significantly deter new foreign investors. Even though Communist hardliners have clamped down on some freedoms, the government nonetheless...