AT&T Inc. says it plans to sell a satellite phone from TerreStar Corp. that can place calls even in the deep wilderness or at sea. The TerreStar Genus phone, due next year, will have all the features of a standard “smart” phone, including the ability to use…

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Terrestar Corporation – Satellite phone – Satellite – Business – Telecommunication

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AT&T to sell satellite phone from TerreStar

Iraq’s budget shortfall due to low oil prices presents a challenge to building up the country’s army and raises questions about whether it will be able to protect itself when U.S. troops leave, a top American commander said Wednesday. Iraq’s security plans…

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Iraq – United States – US – Middle East – Warfare and Conflict

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US: Iraq budget shortfall poses security challenge

An EU-commissioned report says Georgia’s unjustifiable attack on its breakaway South Ossetia region “marked the beginning” of last year’s war with Russia. The report says the five-day war in August 2008 followed “long periods of increasing tensions,…

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European Union – Georgia – 2008 South Ossetia war – Russia – South Ossetia

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EU report: Georgian attack started war with Russia

The recession faded in the spring with economic activity shrinking at a pace of just 0.7 percent, a better-than-expected showing that buttressed beliefs the economy is growing now. The small dip in gross domestic product for the April-June quarter follows the…

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Economic – Gross domestic product – Recession – Social Sciences – Business

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Economy dips at 0.7 percent pace in 2Q

NEW YORK (Reuters) – U.S. private employers cut a larger-than-expected 254,000 jobs in September, though this was less than a revised 277,000 jobs lost in August, a report by a private employment service said on Wednesday.

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U.S. private sector cuts 254,000 jobs in September

WASHINGTON (Reuters) – The U.S. economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending cushioned the impact of a record decline in inventories, according to a government report on Wednesday.

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U.S. GDP shrinks at a smaller 0.7 percent rate in Q2

TV viewers can now TiVo using their BlackBerry. TiVo Inc., the maker of digital video recorders that can pause and rewind live programming, unveiled a free application Wednesday for the BlackBerry that lets subscribers set up recording of TV shows from the…

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TiVo – Television – BlackBerry – Digital video recorder – Television program

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TiVo unveils BlackBerry app for show recording

Wal-Mart Stores, the world’s largest retailer, plans to offer more than 100 toys at $10 during the holiday season. During last year’s holiday season, the Bentonville, Ark.-based retailer promoted just 10 toys for $10. Additionally, Walmart will match any…

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Wal-Mart – Retailing – Christmas and holiday season – Bentonville Arkansas – Business

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Wal-Mart to offer 100 toys for $10 during holidays

In a sign that optimism is returning to the corporate world, the chief executives of some of the country’s biggest companies anticipate increased sales in the next six months, though not enough to translate into higher capital spending or hiring,…

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CEOs predict an increase in sales, survey finds

NEW YORK (Reuters) – U.S. stock index futures rose on Wednesday after data showed the U.S. economy contracted at a slower pace than previously thought in the second quarter.

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Stock futures gain after Q2 GDP data

2003 STAR-LEDGER FILE PHOTOIt’s no miracle on 34th Street, but shoppers this Christmas are expected to spend with a little more cheer compared with last year’s dismal holiday season. Halloween sales, however, are expected to be frightening, with the average…

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Stores a ghost town as economy scares many Halloween shoppers away

NEW YORK (Reuters) – Bank of America Corp has struck a deal to sell a long-term asset management business, part of its Columbia Management division, to Ameriprise Financial Inc for about $1 billion.

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BofA to sell asset management unit for $1 billion

NEW YORK (Reuters) – U.S. stock index futures pointed to a higher open on Wednesday after robust factory data from Asia and better-than-expected results from Nike encouraged investors as the quarter comes to a close.

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Stock futures up as Q3 nears end; jobs data, GDP eyed

Q. Could I have a quickie seminar about annuities? The advertisements sound too good to be true, so naturally, I have doubts. My concerns include the health of the company “guaranteeing” them, and the interest rates they advertise. The rates…

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Determine if annuities are right for you

On the eve of China’s big 60th-anniversary bash, the country’s top te…

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China Tech: Huawei’s New CTO