Category: Business News

BP Warns of Rising Costs From Spill Settlement

BP Warns of Rising Costs From Spill Settlement

BP is warning investors that the price tag will be “significantly higher” than it initially estimated for its multibillion-dollar settlement with businesses and residents who claim the 2010 oil spill in the Gulf of...

Time Warner Will Spin Off Time Inc. After Meredith Talks End

Time Warner Will Spin Off Time Inc. After Meredith Talks End

Media and entertainment giant Time Warner will spin off Time Inc., parent company of TIME, into a separate, publicly traded company, Time Warner said in a statement Wednesday. The decision to separate Time Inc....

U.S. Economy Growing Throughout Country

U.S. Economy Growing Throughout Country

Strong auto sales, hiring gains and a continued housing recovery helped the U.S. economy grow throughout the country in January and February, according to a survey released Wednesday by the Federal Reserve. The Fed...

Weekly U.S. Unemployment Claims Fall to 340,000

Weekly U.S. Unemployment Claims Fall to 340,000

The number of Americans seeking unemployment aid fell to a seasonally adjusted 340,000 last week, driving down the four-week average to its lowest level in five years. The drop is a positive sign ahead...

E.U. Fines Microsoft $733M for Breaking Browser Pact

E.U. Fines Microsoft $733M for Breaking Browser Pact

The European Union Commission has fined Microsoft Corp. (EURO)561 million ($733 million) for breaking the terms of an earlier agreement to offer users a choice of internet browser. The penalty is a first for...

Dow Jones Closes at Record High — So What?

Dow Jones Closes at Record High — So What?

When the trading day ended on Tuesday, the Dow Jones Industrial Average closed at a record high of 14,253.77. It surpassed the index’s previous closing high of 14,164.53 reached back in the pre-recession days...

Martha Stewart Denies Wrongdoing in J.C. Penney Deal

Martha Stewart Denies Wrongdoing in J.C. Penney Deal

Home diva Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney’s stores across the country. Stewart testified...

First There Was IQ. Then EQ. But Does CQ — Creative Intelligence — Matter Most?

First There Was IQ. Then EQ. But Does CQ — Creative Intelligence — Matter Most?

In his new book Creative Intelligence, Bruce Nussbaum argues that creativity is an undervalued skill that anyone can cultivate. Not just for artists and musicians, he argues, creative intelligence — or CQ for short...

Will Reform of Fannie and Freddie Kill the 30-Year Mortgage?

Will Reform of Fannie and Freddie Kill the 30-Year Mortgage?

The sequester is all anybody wants to talk about. I get it: It’s the hip new crisis sweeping Washington. But remember Fannie Mae and Freddie Mac? You know, the once quasi-independent housing giants whose...