Category: Business News

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Increased competition is making it more difficult for casinos to keep locals employed and pass along hefty payments to host states—which are the two biggest selling points for allowing gambling in the first place....

Obama Is Still Likely To Nix Keystone Pipeline, But That’s Not Bad For Oil Industry

Obama Is Still Likely To Nix Keystone Pipeline, But That’s Not Bad For Oil Industry

The proposed Keystone XL Pipeline is coming to a pivotal point. Now that the Department of State has said that construction of the line that would transport Canadian tar sands to the U.S. would...

Amazon Prime Price Hike Could Be a Major Mistake

Amazon Prime Price Hike Could Be a Major Mistake

Amazon has long been given the benefit of the doubt by investors, who have been content to forgo profits as long as Amazon has proven that it is rapidly growing its footprint. But the...

Google Is Making Itself a Lot Leaner and Meaner

Google Is Making Itself a Lot Leaner and Meaner

First, Google cracked the code on Internet search. Then the company used its search platform to build the world’s largest online advertising business. Now, the Silicon Valley icon is turning its attention toward streamlining...

Report: Microsoft Close To Naming New CEO

Report: Microsoft Close To Naming New CEO

Bloomberg is reporting that the tech giant and console manufacturer will be naming Satya Nadella to replace retiring CEO Steve Ballmer. In the report, Bloomberg says that a source within Microsoft says that Nadella...

Nearly Half of America Lives Paycheck-to-Paycheck

Nearly Half of America Lives Paycheck-to-Paycheck

The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months...

NFL Announces New Online Sports Network

NFL Announces New Online Sports Network

The NFL became the latest league to launch an online sports network Wednesday, debuting its new digital channel NFL Now in New York. The new, free network will mix game highlights, live streams of...

Motorola Was a Gargantuan Mistake Only Google Could Afford to Make

Motorola Was a Gargantuan Mistake Only Google Could Afford to Make

After agreeing to acquire Motorola Mobility three years ago for $12.5 billion, Larry Page, Google’s chief executive, gushed with optimism for the phone-maker’s future. No, he didn’t buy the company merely for its patents....

Economy Growing at Fastest Pace in 2 Years

Economy Growing at Fastest Pace in 2 Years

The U.S. economy grew at an annualized rate of 3.2 percent in the fourth quarter of last year, the government estimated Thursday. The  Department of Commerce estimate was in line with economists’ expectations, and...

Currency Crises Abroad Are Benefiting the U.S.

Currency Crises Abroad Are Benefiting the U.S.

Analysts are calling them “The Fragile Five,” a catchy sobriquet for five countries–Turkey, Brazil, India, South Africa and Indonesia–that have been experiencing serious turmoil in their economies and currencies in recent weeks. To one...