Money Matters - Simplified

United States

Jobless rates rise in 28 US states

The United States continues to witness high unemployment rate, as joblessness increased in as many as 28 states in the month of June.

Toyota to recall 82,000 Hybrid SUVs due to faulty wiring

A faulty computer-board wiring that could cause the vehicles to lose power has prompted Toyota Motor Corp to voluntarily recall about 82,200 hybrid SUVs from its 2006 and 2007 lines.

US Jobless rate hits 9.1% in May

Latest data on unemployment has raised fears that recovery in the U.S job market may have already peaked.

USPS faces tortuous road ahead

If the organization is the second-largest civilian employer, employing 571,566 full-time workers, in the United States, next only to retail behemoth Wal-Mart Stores, one has a reason to believe that it is huge.

Global data equivalent to US covered in 13 layers of books

Can you guess the amount of information stored in the world? Scientists have measured the data available and found it to be 295 exabytes by 2007. An exabyte is equal to ten to the power of 18 bytes. Scientists say that information is equivalent to 1.2 billion hard drives.

News Corp unveils The Daily, a revolutionary digital app for iPad

News Corporation has unveiled a sensational new digital application for the Apple iPad, which it believes to be its most ambitious venture.

Tessa Worsley wins giant slalom squeaker

Saint Moritz, Switzerland -- Tessa Worley of France nipped surging Finn Tanja Poutianen by one 100th of a second Sunday to win the women's World Cup giant slalom event at St. Moritz Sunday.

Worley won her second consecutive giant slalom with a two-run time of 2 minutes, 10.70 seconds to Poutianen's 2:10.71 and third-place Tina Maze of Slovenia's 2:11.01.

The second-place finish for Poutianen extended her streak of podium performances that included thirds in the previous two World Cup slalom events. "The one-hundredth of a second that separated me from victory is rather annoying, but I skied a good race and I'm satisfied," she said.

Roddick returns for 2011 Davis Cup

White Plains, N.Y. -- Andy Roddick, who finished 2010 ranked No. 8 in the world, has committed to play Davis Cup tennis for the United States next year.

Roddick wasn't on the U.S. team that lost a first-round series in March to Serbia, which went on to win the 2010 Davis Cup title. But he said he would rejoin the team for its March 4-6 first-round series against Chile.

Those matches will mark the debut of Jim Courier as U.S. team captain.

"Having Andy commit to the 2011 campaign is huge for our team," Courier said. "Andy not only brings his outstanding Davis Cup record but also his experience and team leadership, which will be invaluable to our efforts.

Orioles disavow Scott's 'birther' comments

Lake Buena Vista, Fla. -- The Baltimore Orioles Wednesday disavowed comments made by designated hitter Luke Scott alleging President Barack Obama wasn't born in the United States.

Scott, in an interview with Yahoo! Sports at baseball's annual winter meetings, said Obama "does not represent America" and that "he was not born here," echoing the beliefs of the conservative group known as "birthers."

"Luke Scott's comments do not reflect the opinion of the Baltimore Orioles organization," Orioles Communications Director Greg Bader said in an e-mail to "The fact is that Barack Obama is our president, duly elected by the people of the United States. End of story."

Study: Diners would pay to eat 'green'

Columbus, Ohio -- Restaurants in the United States could benefit from a desire by American consumers to dine at environmentally friendly establishments, a study says.

Researchers at Ohio State University found 8-of-10 diners in the Columbus, Ohio, area would be willing to pay more to dine at "green" restaurants, a university release said Tuesday.

The only problem, one researcher says, is very few restaurants are marketing themselves as "green" or environmentally friendly.
"It is clear that green practices could be beneficial for restaurants. Customers want their restaurants to be environmentally friendly and say they're willing to pay more for it," Jay Kandampully, professor of consumer sciences, says.