May 2010 Current Events: Business News

U.S. News | World News | Disasters & Science News

Here are the key events in business and science news for the month of May 2010.

  • United, Continental Announce Merger (May 3): The chairmen of United Airlines and Continental Airlines announce their intent to merge, with United's purchase of Continental. The new enormous airline company will have 10 national hubs and will be bigger than the current leader, Delta Air Lines.
  • U.S. Economy Adds 290,000 Jobs in March (May 7): The U.S. economy added 290,000 jobs in March, the biggest gain in four years. However, the unemployment rate rose slightly, from 9.7% to 9.9%. This is mostly due to people who had previously given up looking for work restarting their job search.
  • Apple Passes Microsoft as Most Valuable Technology Company (May 26): In a stunning turnaround over the last decade, Apple passes Microsoft as the world's top technology company. Apple, the maker of the ubiquitous iPods, iPhones, and now iPads is headed by co-founder Steve Jobs; Microsoft, founded by Bill Gates, the creator of Windows and Office software, has dominated the technology industry for over 20 years.

Information Please® Database, ©2010 Pearson Education, Inc. All rights reserved.

2010 Current Events

More on May 2010 from Fact Monster:

  • David Cameron - Biography of David Cameron, Prime Minister of the United Kingdom, 2010-present
  • Nick Clegg - Biography of Nick Clegg, Deputy Prime Minister of the U.K., 2010-present
  • Jennifer Love Hewitt - Biography of Jennifer Love Hewitt, Sarah on TV's Party of Five
  • Elena Kagan - Biography of Elena Kagan, Barack Obama's 2010 nominee to the U.S. Supreme Court
  • Oscar Arias - Biography of Oscar Arias, The Nobel Prize-winning president of Costa Rica