December 5, 2013 |
SAN FRANCISCO - Apple may be inching closer to a deal with China Mobile, that nation's largest carrier, to sell the iPhone. But whether it's absolutely final or not remains unclear. Late Wednesday, the Wall Street Journal said a source had indicated that a deal would be announced Dec. 18 at a China Mobile conference. But Thursday, a Reuters article disputed that, saying talks were ongoing. "We are still negotiating with Apple, but for now we have nothing new to announce," China Mobile spokeswoman Rainie Lei told Reuters.
October 1, 2013 |
MEXICO CITY -- Storms and insecurity are further eroding once-optimistic predictions for Mexico's economic growth, analysts say. At the start of the year, Mexico's new government under President Enrique Peña Nieto boasted of a robust economy that would grow at a rate of more than 3.5%, better than many countries in the region. Those boasts earned positive headlines for Mexico beyond its borders, as officials here portrayed a country ready to leap into prosperity. Now, however, even government economists have had to dial down the projections.
August 29, 2013 |
WASHINGTON -- The American economy grew at a considerably faster pace in the second quarter than previously thought, as revisions showed stronger U.S. trade activity and business investments in nonresidential structures. The Commerce Department said Thursday that the nation's gross domestic product, or total economic output, expanded at an annual rate of 2.5% in the April-to-June period. That was up from GDP growth of 1.1% in the first quarter of the year and 0.1% in last year's fourth quarter.
August 12, 2013 |
Japan's economic growth slowed in the second quarter, spurring debate over whether the country should raise its sales tax in order to more quickly pay down its public debt. The country's gross domestic product grew at an annualized 2.6%, coming in at a lower rate than many analysts' expectation of 3.8%. The previous quarter's GDP growth rate was also revised downward from 4.1% to 3.8%, the Japanese government said Monday. Top celebrity overseas commercials Japan's economy, which has had record deflation for much of the past two decades, has seen aggressive actions by Prime Minister Shinzo Abe to turn around the world's third-largest economy.
July 31, 2013 |
WASHINGTON -- Economic growth unexpectedly picked up in the second quarter of the year, expanding at a still-sluggish 1.7% annual rate, the Commerce Department said Wednesday. The figure was a significant improvement over the 1.1% growth rate in the first quarter, which was revised down Wednesday from an earlier 1.8% estimate. Analysts had expected economic growth to have slowed down in the second quarter, with economists surveyed by Bloomberg News projecting just 1% growth. Although the initial read on the pace of economic expansion from April through June far exceeded those estimates, it remained weak in the face of tax increases and federal spending cuts that kicked in this year.
June 27, 2013 |
A new national survey ranked California Gov. Jerry Brown at No. 10 among U.S. governors for private-sector job creation since he took office in 2011. In its ranking, On Numbers, a blog from the American City Business Journals, noted that under Brown's leadership , the state has added 622,000 private sector jobs for an annual growth rate of 2.3%. The rankings are based on seasonally adjusted data from the U.S. Bureau of Labor Statistics. Economists have noted that a governor's job creation record is sometimes the consequence of factors outside their control.