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After a billion apps were downloaded and the company posted a huge profit, Apple is letting go of 1,600 employees at its stores.
Retail sales rose $20 million in the fiscal second quarter compared to the same quarter 2008, but the growth in retail net sales …

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

With falling demand, oil is still falling. Today a barrel of crude closed around $63 a barrel. U.S. factory numbers came out today and the report showed US manufacturing activity fell to the lowest levels in 26 years.
The fall in manufacturing is bad …

OPEC announced today that it would be slashing oil production by 1.5 million barrels a day. The news was not seen very positively by either American or British governments. Both had representatives saying that the cut in oil, and the subsequent rise in …

Studies are showing up that the wealth gap is starting to become and more separated not only in America but America in relation to other countries as well. In America I’m sure people can feel it here without me saying much about it. I’m sure …