Tag: business
Older Americans working longer, keeping their kids from finding jobs
With the economy still bumping along and a recovery still off in the future, many Americans over age 55 are continuing to work. More than ever, older Americans are staying in the workforce, which is making it harder for their children to find jobs....
Bloomberg uncovers details of previously secret Federal Reserve bank loan program
According to their reporting, the Federal Reserve lent out as much as $1.2 trillion, virtually no strings attached, at very low interest rates to banks during 2008. The program had been shielded from public scrutiny and hidden even for Congress. The program netted banks a $13 billion profit....
Patent expires on blockbuster Lipitor drug; generics on the way
After 20 years being the only game in town, Pfizer, the manufacturer of Lipitor, is about to get some competition in the space for treating those with chronic high cholesterol. The patent expired Wednesday and one generic drug is ready to hit the market. Others should arrive in six months....
Retail records broken over Black Friday weekend, but signs of trouble still ahead
Sales on Black Friday broke records. Sales on Cyber Monday broke records. The American consumer is spending again, but economists say it's not necessarily something to get too excited about....
American Airlines parent files for bankruptcy protection
AMR Corporation, the parent company of American Airlines, announced Tuesday morning that the company had filed bankruptcy in New York. American is the last major legacy U.S. carrier to seek the help of the courts to reduce costs. The airline said operations will continue normally through the process....
South Africans prepare for life after Mandela
Though he's still living, Nelson Mandela, the revered former leader of South Africa, makes fewer and fewer public appearances. Now 93, many South Africans are preparing for the day Nelson Mandela will no longer be alive....
VIDEO: U.S. and allies levy new, stricter sanctions on Iran
The United States was joined by two of its closest allies in imposing a new round of financial sanctions on the Iranian banking system, seeking to up the pressure on Iran as it continues what the west says is its pursuit of nuclear weapons....
Tea Party activists meet Occupy Memphis protesters for civil discussion
In Memphis, an online discussion between the two largest protest movements going right now, the Tea Party activists and the Occupy Wall Street protesters, led to an in-person discussion where the two sides tried to better understand each other and find common ground....
Target employee creates petition to protest store's midnight opening on Black Friday
Target stores across the country will be opening early this year: at midnight. They're joining a trend of stores opening earlier and earlier, but one employee wants you to help him say no....
Congressmen seek changes to environmental protection law
In the wake of an investigation into a well-known Tennessee guitar manufacturer, Gibson Guitar, two Tennessee lawmakers are seeking to loosen the environmental regulations that enabled the federal government to raid the company....
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