American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
United States
Google, Facebook partner up to assist client ads in FBX platform
Rivalry between Google Inc and Facebook Inc seemed to have thawed after the former announced its partnership with the latter on aiding clients to purchase ad inventory.
Investors applaud Yahoo's plans to keep bigger stake in Alibaba
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
Federal Reserve says US economy remains steady even budget battle started
The US Federal Reserve's Beige Book report reflected a somewhat stable US economy in its first week of the government shutdown.
eBay blames US government shutdown and consumer spending habits for low holiday forecast
EBay Inc's fourth quarter earning estimates were in the range of USD0.79 to USD81 per share, lower than analysts' estimates.
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Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
The New York Stock Exchange (NYSE) had approved a dry run on October 26 for trading firms to test its systems to check whether there are technical issues that could affect trading in the upcoming Twitter Inc IPO.
An impending economic crisis could have happened to Americans should US Congress and the government had not arrived at a debt ceiling agreement.
Global ratings agency Fitch ratings was confident that the US government would be able to fulfill its debt payments even if no agreement would be passed after October 17.
NBC had cancelled "Welcome to the Family" and "Ironside" after only three episodes.
US retailer Walmart fired and then gave an employee his job back after he helped woman who was assaulted in a company store parking lot.
Small business IT administrators were not pleased with manually updating each Windows 8 device to Windows 8.1.
For PCMag's Matthew Murray, Windows 8.1 won't be worth the upgrade for desktop fans. Matthew Murray, in an article in PCMag, said the recently-released upgrade to Windows 8 doesn't do much for traditional desktop users.
Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.
