Recession | featured news

The excitement of March Madness inevitably provokes the debate: Just how much slacking is OK on the job? The answer is absolutely none, if you're talking to your manager. But if you're reading this while at work, it might be a matter you feel requires some clarification.

BOSTON (Reuters) - Getting into Harvard University got tougher this year as a record number of students applied to the school's undergraduate program, many drawn by attractive financial aid offers during the recession.

Six people were killed — including four children — after a shooting at a home in an upscale California neighborhood, police said on Monday.

It's what you do when you get there that counts.

The U.S. economy shrank at its fastest pace since 1982 in the fourth quarter and corporate profits plunged a record $120.1 billion, pulled down by falling consumer spending and exports, government data showed on Thursday.

Predictions have the major emerging markets—Brazil, Russia, India and China, a.k.a. the BRICs—overtaking the combined GDP of the G7 nations by 2027, nearly a decade sooner than the forecast in a landmark study a few years back.

New orders for long-lasting U.S. made goods rose in February for the first time in seven months and new home sales rebounded, government reports showed on Wednesday, suggesting the economic downturn might be easing a bit.

President Barack Obama said on Tuesday his administration was confronting the economic crisis on all fronts and seeing signs of progress as he sought to reassure recession-weary Americans about his recovery strategy.

A group of financial wizards looked into their crystal ball Tuesday and saw some good news.

Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.