Recession is Going to have Long Term Effect on US Economy

July 22nd, 2009 On The Call: Yahoo CEO Carol BartzYahoo sometimes confuses analysts by lowering its expenses only to wipe out some of the savings by increasing spending later. It looks like that is about to happen again.

January 20th, 2009 BANGALORE - Azim Premji, chairman of IT major Wipro, is optimistic about the revival of the Indian economy earlier than the world economy, saying the country remained largely insulated from the fallout of the financial meltdown and recession in developed countries. 'I am little more optimistic about the India situation.

February 26th, 2009 BANGALORE - Indian IT industry body Nasscom has reacted cautiously to US President Barack Obama's remarks on outsourcing, saying global outsourcing had benefited US firms that generate over 50 percent of their business overseas. 'American companies generate more than 50 percent of their business outside the US.

January 20th, 2009 MUMBAI - India's markets watchdog Wednesday decided to tighten the disclosure norms for company promoters who pledge their shares with lenders, finding lapses during investigations into the Rs.70-billion scam in Satyam Computer Services. 'The founders must disclose shares with lenders,' C.B.

February 16th, 2009 With recession hitting the world economy, video games continue its record sales. The video game market is thriving with blockbusters like Grand Theft Auto IV, and popular ones like the Nintendo Wii.

June 23rd, 2009 WASHINGTON - Two Indian-Americans, Indra Nooyi of PepsiCo and Shantanu Narayen of Adobe Systems, have been named among America's "25 Top Gun CEOs" who put their companies on the path to success in the midst of a recession. Nooyi, the only female listed this year, was ranked No.

July 27th, 2009 BANGALORE - Investment in IT training and software certification is set to decline by 25 percent in the Asia-Pacific region this fiscal as budgets on tech spending fall due to recession, a study by IT research and advisory firm Gartner said. "Training budgets are among the first to be cut as part of cost containment efforts in the downturn.

January 28th, 2009 SAN FRANCISCO - Microsoft is laying off 5,000 workers, Intel is closing five fabrication plants, and even mighty, can-do-no-wrong Google is slashing perks and laying off recruiters. But for a Silicon Valley steeled by the 2001 dot-com bust, a recession that could be the longest and deepest in 80 years is not causing panic or prophecies of doom.

July 24th, 2009 Microsoft, Amazon weighing on world marketsLONDON — European and U.S. stock markets fell Friday as downbeat U.S.

July 24th, 2009 Dollar mixed on disappointing earningsNEW YORK — The dollar rose against the pound but slipped versus the euro Friday after Microsoft Corp. and Amazon.com Inc.

January 20th, 2009 MUMBAI - India's markets watchdog Wednesday decided to tighten the disclosure norms for company promoters who pledge shares with lenders, finding lapses during its probe into the Rs.70-billion Satyam Computer Services scam. 'The founders must disclose shares with lenders,' C.B.

January 21st, 2009 KOLKATA - Too many agencies simultaneously probing the Satyam Computer Services scam might not be the best way to bring out the truth, Bombay Stock Exchange (BSE) chairman Jagdish Capoor said here Thursday. 'I am not sure whether all the agencies launching investigation at the same time is the best way to bring out the truth expeditiously.

September 16th, 2009 Stocks jump as industrial production risesNEW YORK — Stocks picked up steam Wednesday as strength in industrial production gave investors new reason to wager that the economy is recovering. A third day of gains by General Electric and an advance by International Business Machines helped lift the Dow Jones industrial average 85 points in the final hour of trading.

December 27th, 2008 NEW DELHI - Financial services, information technology, consumer goods, retail and real estate sectors have witnessed the maximum decline in the creation of new jobs because of the economic slowdown, a leading business chamber has said. The Assocham Research Bureau, which tracked job vacancy data in 30 sectors to analyse the creation of new jobs in the economy, found that the 'employment outlook of India has come under severe strain'.

September 21st, 2009 Leading economic indicators rise in AugustNEW YORK — A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference's Board leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth.