John J. Heldrich Center for Workforce Development at Rutgers University in a national survey found that seven in 10 Americans believe that U. S. economy has witnessed an irreversible trend in the economy, which is not for good. Experts said that it seems great recession has caused a permanent sense of fear and negativity in the minds of US residents.

AT&T spokesman Brad Burns said in an emailed statement on Tuesday that the carrier is amalgamating its wireless and business divisions into one single unit, which will be called the AT&T Mobile and Business Solutions Group.

On Monday, a U. S. Senate committee announced hearings after The Associated Press revealed that Diablo Canyon plant is under constant compulsion by a senior federal expert to terminate the operations of its nuclear reactors.

Fairchild Semiconductor International Inc., one of the oldest chip manufacturers, has announced to close some of its aging plants. The company has also stated to cut about 15% of its workforce. The closure could affect about 9,000 employees of the company.

In a Tuesday announcement, South Korean tech giant LG revealed that it will showcase a pen-equipped model of its G3 flagship smartphone at the Internationale Funkausstellung (IFA) event, which will be held in Berlin from September 5 through September 10.

Sources have revealed that Taiwan's Wei family has reached an agreement to acquire majority control of China Network Systems (CNS) for nearly $2.4 billion (1.44 billion pounds) including debt from private equity firm MBK Partners. The Wei family is famous for controlling Hong Kong-listed noodle maker Tingyi Cayman Islands Holding Corp.

Fundraiser for Gov. Chris Christie who is in charge of the state's gambling and entertainment policy gets second opportunity to remake Atlantic City, even when many casinos are closing and over 6,000 people are unemployed.

The governors of Massachusetts and New Hampshire announced on Friday that an agreement has paved a way to sell Market Basket to Arthur T. Demoulas and restore his control of the 71-store supermarket chain.