Healthcare Reforms Keep 2.5 Million Young Adults C...

U.S. healthcare reforms under the Affordable Care Act supported and authorized by President Barack Obama in 2010 keeps young adults insured. The biggest U.S. health reform in 50 years aims to make medical insurance available to over 30 million Americans. In September, the law has allowed children through age 26 to join or remain covered under their parents’ health coverage. This announcement made on Wednesday means...

AMR Corporation Making a Way around Bankruptcy

On Tuesday, American Airlines parent company joined those that filed for Chapter 11 bankruptcy. High fuel prices, over $800 million labor costs and competitors winning the airline’s business travelers over caused its defeat. Despite the filed bankruptcy with a cash stockpile of $4.1 billion, the company said buying new aircraft from Boeing and Airbus is still feasible. It may resurface as a tough contender by 2012’s end...

Obama Faces Convincing Struggles with Weakening G2...

President Barack Obama will meet with Group of 20’s French President Nicolas Sarkozy and Germany’s Angela Merkel on Wednesday at the world economic summit in France. He is expected to be frank about pushing European leaders to end their debt situation but has to tread carefully. After all, the country he runs is faced with fixing its own fiscal problems. This limits his means to interfere with the European crisis which...

Wall Street up 3 Days on Hopeful Europe, Payroll R...

Euro zone plans to support European banks and as investors see a declining financial crisis threat, stocks went up for 3 straight days. Wall Street saw gains for bank shares on Thursday. The European Central Bank expressed its readiness for bond-buying to offer cheap longer-term funding for European lenders. While still one of the year’s weakest, the S&P Financial Sector was up 3.2% and was up 8.8% in the last 3...

Typhoon Nesat Causes Closure of Hong Kong Schools,...

The strong typhoon which killed 35 people in the Philippines, hit Hong Kong. The city raised storm signal No. 8, the highest in two years, shutting financial markets, schools, courts and government offices. But at 5 p.m. local time, as Typhoon Nesat neared at 450 kilometers, it was reduced to a strong wind signal.  About 287 flights were delayed, canceled or diverted. Branches of HSBC Holdings Plc and Standard Chartered Plc...

The Poor’s Health and Budgets Improved by Medicaid...

A Harvard School of Public Health study found that new recipients of Medicaid will certainly feel the improvement of the health insurance that helps the poor. Record access to doctors with improved finances as better physical and mental health coverage ensures the insured don’t go into debt to support medical bills. Medicaid’s role in the huge U.S. budget deficit has been subject for debates. In Obama’s health revamp...

Samsung Wants to Forbid iPad, iPhone U.S. Imports

While resolution for infringement on five of Samsung’s patents, the company asked the U.S. International Trade Commission to bar the importation of Apple’s iPhones, iPads and iPods. The complaint, filed on Tuesday, said the infringement involved telecommunications standard and user interface inventions. Another patent lawsuit was filed by Samsung on Wednesday. Apple filed a complaint against Samsung’s Galaxy mobile...

Response to Slow Economic Growth Awaited From Fede...

The Federal Reserve’s reaction to economic slowdown and rising inflation will be anticipated after their meeting with the U.S. central bank on Tuesday and Wednesday. While there’s no proof that things are out of control, the economic data has been weak since the Fed’s last meeting in April. Economist Nigel Gault wonders how the Fed views the present combination of weak growth and higher-than-expected inflation. There...