Nation Dec 18 Stronger job market means Fed will reduce upcoming QE3 bond purchases During a Dec. 18, 2013 news conference Federal Reserve Board Chairman Ben Bernanke notes that the U.S.'s economic activity is expanding at a moderate pace. Photo by Alex Wong/Getty Images The Federal Reserve announced Wednesday that it will begin…
Nation Dec 17 GlaxoSmithKline to stop paying doctors for drug promotion Photo by Flickr user Ian Wilson Doctors will no longer be paid to speak on behalf of GlaxoSmithKline and its products, the British drug maker said Tuesday. In addition, the pharmaceutical company said, the pay of…
Nation Dec 04 What’s Libor and why is it in the news again? Photo courtesy of Angelos Tzortzinis/Bloomberg via Getty Images. The European Union Wednesday morning became the latest regulator to fine global financial institutions to settle charges they colluded to rig benchmark interest rates to their benefit. The 1.7 billion…
Nation Dec 04 Shoppers spend record amount online on Cyber Monday Screenshot by PBS NewsHour Online deals from companies, such as Wal-Mart and Amazon, stretched from the beginning of November through Black Friday, and according to research firm comScore Inc., shoppers spent a record amount online. E-commerce…
Dec 02 Senate hearing to explore Amazon delivery drones Amazon announced its intent to use drones to deliver packages under five pounds within a few years. Photo by Amazon. A U.S. Senate committee will hold a hearing early next year on the potential economic impact of… Continue reading
Nov 12 Justice Department reaches deal to settle airline merger lawsuit The U.S. Department of Justice announced Tuesday that it was settling its merger lawsuit with American Airlines and U.S. Airways. The preliminary agreement would increase the number of low-cost carriers at several major airports across the country. Photo by… Continue reading
Nov 11 An appropriate final rental for Blockbuster The last BLOCKBUSTER rental 11/9 Hawaii 11PM @ThisIsTheEnd #BlockbusterMemories @Sethrogen @JamesFrancoTV @JonahHill http://t.co/RsXABlqfzL— Blockbuster (@blockbuster) November 11, 2013 Blockbuster announced November 6 that it was closing its remaining 300 brick-and-mortar… Continue reading
Nov 07 How much is 140 characters worth? A cool $31 billion Graphic by Elizabeth Shell/PBS NewsHour Twitter's first day out in public wasn't too shabby. In the course of Thursday trading, the company saw its share price vault between $26 to more than $50. When the dust settled, each share… Continue reading
Nov 07 Twitter opens at $45.10, but investors still question its profitability Twitter opened the New York Stock Exchange Thursday morning at $45.10, a 73 percent increase from its initial public offering of $26 Wednesday. $TWTR is officially #OPEN on the #NYSE at $45.10 http://t.co/BPICWU8d6f… Continue reading