Tag: business & economy
Greece on fire as protesters decry government's decision on austerity measures
Some 40 buildings were set ablaze as protesters in Athens, Greece, rallied in the streets to demand the government stop imposing more austerity measures on the country -- conditions that European finance ministers have insisted on in order to release the latest round of bailout funding....
JCPenney will stick with Ellen DeGeneres in the wake of conservative protests
One Million Moms, a conservative group, is lobbying JCPenney to reverse its decision to bring on Ellen DeGeneres as the company's new spokeswoman. But the company is holding firm, saying DeGeneres, who is gay, shares their values....
Obama, states announce massive settlement with banks over foreclosure process
Economists have identified the housing crisis as one of the biggest drags on the current economic recovery. On Thursday, state and federal officials announced a settlement with the mortgage industry that will provide cash to underwater homeowners and those who lost their homes, but there's debate on whether it will jumpstart the economy....
Argentina likely manipulating Big Mac prices to keep inflation seemingly lower
In Argentina, try to find a Big Mac on a McDonald's menu and you'll have to look hard. Order one, though, and it'll be among the cheapest items on the menu. That's because, economists say, the government is probably fixing the price in a bid to make inflation seem lower....
Romney's comments about the poor ignite discussion of social mobility
As the middle class increasingly feels pressed from the bottom and the top, comments on CNN by Mitt Romney about not being concerned with the very poor have prompted a discussion about just what it is that is holding back the middle class — and the poor as well....
Investigation finds SEC regularly exempting Wall Street banks from fraud penalties
In an investigation by The New York Times, reporters discovered that the SEC is regularly declaring that the strictest penalties for fraud, penalties it regularly imposes on other businesses, often are not imposed on Wall Street investment banks....
U.S. economy shows surprising surge, adds 243,000 jobs; unemployment falls
The American economy surprised economists by adding 243,000 net new jobs in January and dropping the unemployment rate to 8.3 percent. That rate represents the lowest figure for the American economy in almost three years....
As Spain's economy sags, professionals look abroad for work
There's a burgeoning Spanish population in Germany and they're not going for the change in climate. As Spain's unemployment rate hovers around 23 percent, Germany's 4 percent rate is luring many of Spain's most educated to jobs outside their native land....
Will Facebook IPO change the soul of the company?
When Facebook becomes a publicly traded company, it will have a duty to its shareholders to maximize company profits. As it traverses from social media start-up to massive, publicly traded company, one media theorist says the company will have to battle to maintain its identity....
VIDEO: Facebook IPO could break records, make billions
Perhaps as early as Wednesday, Facebook is expected to file the documents necessary to begin the journey toward making its Initial Public Offering of stock — an occasion that could generate $10 billion for the company....
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