Category: Business News

Low-Pay Jobs Replace High-Pay Jobs Since Recession

Low-Pay Jobs Replace High-Pay Jobs Since Recession

A new report by the National Employment Law Project finds that unsteady economic recovery has been powered by the replacement of high-earning jobs lost in the recession with low-paying positions in the service industry...

Pfizer’s $100 Billion Bid for AstraZeneca ‘Imminent’

Pfizer’s $100 Billion Bid for AstraZeneca ‘Imminent’

An expected deal worth $100 billion would add to an already feverish year for health care industry deals, racking up a worldwide total of $1 trillion. The union would also combine two promising strands...

Ford CEO Could Escape Company With $300 Million in Stocks, Options

Ford CEO Could Escape Company With $300 Million in Stocks, Options

You could throw one heck of a Fiesta with that much cash Ford CEO Alan Mulally will be sitting pretty when he retires from the helm of the Detroit-based motor company. CNNMoney reports the...

A Fading Middle-Class Perk: Lower Mortgage Rates

A Fading Middle-Class Perk: Lower Mortgage Rates

For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates. Now, even that perk is fading away. Most ordinary homebuyers are paying the same or higher...

Four Questions I Still Have About Microsoft’s Nokia Acquisition

Four Questions I Still Have About Microsoft’s Nokia Acquisition

Now that it’s a done deal, what’s next? So it’s official: The phone manufacturer which we’ve known as Nokia for decades is now Microsoft Mobile. The software kingpin’s $7.2 billion gambit to reinvent itself...

9 Cities Where Americans Are Getting Rich Right Now

9 Cities Where Americans Are Getting Rich Right Now

The United States is still slowly recovering from the recession, and incomes across the nation have declined in recent years. Nationwide, median household income was $51,771 a year during the three-year period of 2010...

GameStop Signals Major Retail Transition, Says It’ll Close 120-130 Stores

GameStop Signals Major Retail Transition, Says It’ll Close 120-130 Stores

The digital game retailer’s plan to shutter between 120 and 130 of its 6,457 stores worldwide falls into its CEO’s description of “GameStop 3.0,” a new phase of the company’s lifespan where it will...

Microsoft Closes $7.2 Billion Nokia Purchase

Microsoft Closes $7.2 Billion Nokia Purchase

Microsoft closed 0n Friday its $7.2 billion purchase of Nokia’s devices business, a move Microsoft claims will increase the profitability of its Windows smartphones and increase its share in a market dominated by Google,...

U.S. and Japan Fail to Reach Trade Deal During Obama’s Visit

U.S. and Japan Fail to Reach Trade Deal During Obama’s Visit

The U.S. and Japan failed to reach a last-minute bilateral trade deal during President Obama’s visit this week, which would have paved the way for a 12-nation, U.S.-led Trans-Pacific Partnership, the main economic component...

Facebook Rolls Out a New Plan To Crush Twitter

Facebook Rolls Out a New Plan To Crush Twitter

Facebook launched FB Newswire, which aims to be journalists’ social media resource for breaking news Facebook announced a new service Thursday designed to make it the primary social media resource for journalists covering breaking...