Category: Business News

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...

Ernst & Young Pays $123 Million, Avoids Tax Shelter Prosecution

Ernst & Young Pays $123 Million, Avoids Tax Shelter Prosecution

US Attorney for the Southern District of New York Preet Bharara (Image credit: AFP/Getty Images via @daylife) In a deal with the government signed this week, accounting firm Ernst & Young agreed to pay...

Help Wanted: Buffett Asks A Berkshire Bear To Grill Him At Annual Meeting

Help Wanted: Buffett Asks A Berkshire Bear To Grill Him At Annual Meeting

(AP Photo/Nati Harnik) Warren Buffett is throwing a new wrinkle into Berkshire Hathaway‘s annual meeting. After adding journalists and analysts to question him and Vice Chairman Charlie Munger in recent years, the billionaire now...

Watch Ads, Get Paid: Is This The Future Of Ad-Supported Content?

Watch Ads, Get Paid: Is This The Future Of Ad-Supported Content?

Don’t feel like paying for Ironman? Click “Earned Pay” and your ad views will foot the bill. Right now you’re essentially getting paid to view our ads. OK…we’re getting paid. But by serving you...