Trade Deficit Hits New All-Time Record on High Summer Oil Prices
America's trade deficit hit an all-time high as record imports of oil swamped a solid gain in U.S. exports. The deficit rose to $69.9 billion in August, up 2.7 percent from July's $68 billion deficit, which had also been a record. The sharp deterioration in the deficit in recent months has occurred because soaring global oil prices have pushed America's foreign oil bill to historic highs.
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Boom or bust? The global economy in 2007
In recent weeks, four leading economists and analysts have looked ahead to the prospects for the global economy during 2007.
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U.S. Falls From Top Spot in Global Competitive Rankings
Switzerland now ranks No. 1, followed by Finland, Sweden, Denmark, and Singapore. Despite a surge of entrepreneurial activity, years of running budget deficits have knocked the United States from its top spot on a closely-watched ranking of the world's most competitive nations.
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'GooTube' marks 'next step' for Web
The founders of YouTube Inc. built this year's standout Web phenomenon by figuring out how to make online video sharing easier than ever. What they hadn't yet figured out was making money from their site. Google Inc. took that problem off their hands Monday, by agreeing to buy the site for $1.65 billion.
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Most Small Businesses Start Without Outside Capital
New Census reports reveal how the nation's businesses are funded, where they are based, and other demographics. Half of U.S. businesses are home-based and almost two-thirds are self-financed, according to a pair of new Census Bureau reports. Nearly 2.5 million firms were interviewed for the two reports, which were released Wednesday as part of the bureau's ongoing 2002 Survey of Business Owners.
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It's good to be the boss
Female chief executives are taking charge at a slew of corporate giants. Call it the year of the Most Powerful Woman CEO. PepsiCo. Xerox. eBay. ADM. Kraft Foods. Sara Lee. Avon. The list of brand-name companies with women chief executives is longer and more impressive than ever, after a year of stunning breakthroughs in corner-office hiring. The first big surprise landed in the spring, when $37-billion-a-year Archer Daniels Midland (Charts) wooed former Chevron exec Pat Woertz to take over.
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