Wall Street stocks traded higher on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year. The Standard & Poor’s 500-stock index rose 0.2 percent in late trading, the Dow Jones industrial average added 0.4 percent and the Nasdaq composite index was up 0.4 percent. European shares closed moderately higher....
Jan
08
China Says It Will Overhaul Re-education System
Labels: WorldBEIJING — China will start overhauling its draconian system of re-education through labor in the coming year, according to the state news media, signaling the incoming leadership’s determination to alter one of the government’s more widely despised cudgels for punishing petty criminals, religious dissidents, petitioners and other perceived social irritants. The brief announcement on Monday,...
Providing a Template to Challenge Apple
Labels: TechnologyTAIPEI — In the China smartphone market, Apple has seen better days. Despite having reported record sales of the iPhone 5, the U.S. technology giant’s presence on the mainland flagged in 2012; it was pushed out of the top five smartphone makers in that market during the third quarter, with just 8 percent of the market, according to the research firm Canalys. As Coolpad, Huawei,...
Health Spending Growth Stays Low for 3rd Straight Year
Labels: LifestyleWASHINGTON — National health spending climbed to $2.7 trillion in 2011, or an average of $8,700 for every person in the country, but as a share of the economy, it remained stable for the third consecutive year, the Obama administration said Monday. The rate of increase in health spending, 3.9 percent in 2011, was the same as in 2009 and 2010 — the lowest annual rates recorded in the 52 years...
Health Spending Growth Stays Low for 3rd Straight Year
Labels: HealthWASHINGTON — National health spending climbed to $2.7 trillion in 2011, or an average of $8,700 for every person in the country, but as a share of the economy, it remained stable for the third consecutive year, the Obama administration said Monday. The rate of increase in health spending, 3.9 percent in 2011, was the same as in 2009 and 2010 — the lowest annual rates recorded in the 52 years...
Wall Street Trades Lower as Earnings Reports Begin
Labels: BusinessStocks trading on Wall Street ticked lower on Tuesday as an earnings season that is expected to show sluggish corporate growth got under way. The Standard & Poor’s 500-stock index fell 0.5 percent in afternoon trading, the Dow Jones industrial average lost 0.5 percent and the Nasdaq composite index fell 0.4 percent. Over the next couple of weeks, reports on fourth-quarter profits...
Jan
07
Supporters Back Strike at Newspaper in China
Labels: WorldJames Pomfret/ReutersDemonstrators gathered outside the headquarters of Southern Weekend Monday in Guangzhou, China. BEIJING — Hundreds of people gathered outside the headquarters of a newspaper office in southern China on Monday to show their support for journalists who had declared a strike to protest what they called overbearing censorship by provincial propaganda officials. The journalists,...
Virtual U.: Massive Open Online Courses Prove Popular, if Not Lucrative Yet
Labels: TechnologyOnline Learning, En Masse: More top colleges are offering free massive open online courses, but companies and universities still need to figure out a way to monetize this tool for democratizing higher education.MOUNTAIN VIEW, Calif. — In August, four months after Daphne Koller and Andrew Ng started the online education company Coursera, its free college courses had drawn in a million users, a faster...
When the Plague Came to New York
Labels: LifestyleJakob Schiller for The New York TimesSurvivors Lucinda Marker and John Tull at home a decade after having the plague. It was November 2002, little more than a year after planes had been flown into the World Trade Center and anthrax mailings had killed five Americans. New York City was still in a state of high alert for suspected terrorists. Suddenly all eyes were on a middle-aged married...
When the Plague Came to New York
Labels: HealthJakob Schiller for The New York TimesSurvivors Lucinda Marker and John Tull at home a decade after having the plague. It was November 2002, little more than a year after planes had been flown into the World Trade Center and anthrax mailings had killed five Americans. New York City was still in a state of high alert for suspected terrorists. Suddenly all eyes were on a middle-aged married...
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