In politics, offshoring and outsourcing are dirty words. President Obama and Republican challenger Mitt Romney have traded attacks over the issue of American jobs being moved overseas. But economists tend to see the trend as inevitable in a modern global economy.
Some pay phones offer free Wi-Fi as part of New York City's experiment to breathe new life into its abandoned public phones. As the city plans to add more wireless-enabled kiosks, companies say advertising may pay for the Wi-Fi — and maybe even for free phone calls.
Ford Motor Co.'s new three-cylinder EcoBoost engine is one of the smallest on the vehicle market. The engine offers fuel economy numbers a hybrid could envy, but are American drivers ready to embrace a three-cylinder engine?
The company announced third-quarter revenue of $35 billion, or $9.32 per share, lower than the $37.22 billion, or 10.37 per share, that Bloomberg had estimated. It's only the second time since 2003 that Apple's profit and sales failed to meet projections.
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