As the U.S. economy continued its steep fall into a deeper recession, many major oil companies – in particular Exxon Mobil – enjoyed a steep ascent into record-setting profits.
The U.S. gross domestic product (GDP), which measures economic activity, fell at a yearly rate of 3.8% in the fourth quarter of 2008 (adjusted for inflation).
That’s the [...]

A choice few inaugural speeches are remembered in the annals of history, some for particularly stirring turns of phrase and others for striking just the right note for the nation at the time.
Others are totally forgotten, or at best remembered for how bad they were.
These worst inaugural addresses in U.S. presidential history represent a laundry [...]

Bucking the disappointing retail sales trend, Amazon.com Friday announced its best holiday season ever, selling 72.9 items per second on one peak day, Dec. 15.
The online retailer, which did not disclose revenues, said that in that 24-hour period, it received 6.3 million orders and shipped to customers in more than 210 countries.
Best sellers included – [...]