The Federal Reserve is predicting slower growth and less improvement in the unemployment rate through 2013. The news comes after a meeting of the Fed's policy-making committee, in which it decided against taking new measures to stimulate the economy. But Chairman Ben Bernanke said additional steps may be needed down the road.
Italy's prime minister promised European leaders that he would come up with solid proposals to show his country can reduce its mountain of debt, stimulate its economy and avoid a bailout. But he's expected to show up at the G-20 summit with with a vague list of measures that aren't likely to satisfy.
America's original discount store has filed for federal bankruptcy protection and plans to close its 46 stores. This isn't the first time the company has filed for bankruptcy, but it appears to be its last. The company cited increased competition from department stores, private-label discounters and the economic downturn.
One of the main solar companies in the United States, First Solar, is in trouble. Its CEO was forced out in October and its stock prices have fallen dramatically. Thursday the Arizona-based company announces its earnings and investors are going be demanding answers. From member station KJZZ in Phoenix, Peter O'Dowd report.
Machines used to take over work that was physically hard, or dangerous, or just monotonous. But one expert says that now the things that are easiest to automate are not the lowest-skill activities. Instead, higher-skill, better-paying jobs are being lost.
Nailah Lymus, a 27-year-old aspiring designer and Muslim woman, had her first runway show during New York City's Fashion Week. Her clothing line, Amirah Creations, aims for modesty, but is also "transitional" in catering to both Muslims and non-Muslims.
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