Incomes fall as stressed economy struggles

Australian average incomes are falling with the country's population growth "masking underlying economic weakness", according to a QUT economist.

Oracle shares fall on weak 3rd-quarter report (Update)

Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software—which the company attributed to a lackluster ...

Struggling Groupon ousts CEO Andrew Mason (Update)

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

Japan electronic giants eye chip merger: reports

Three of Japan's biggest electronics companies are to join forces in a chip-making venture, according to reports, days after a swathe of dire results from a sector struggling to compete globally.

Build it and they will come? Think again

When it comes to economic development in American cities, the trusted old theory "If you build it, they will come" may not work, a Michigan State University sociologist argues in a new study.

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