Latest Breaking Business News
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Lois Lerner Taking the 5th or Not
Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman ...
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Vogue of the speedway How motorsports improve what we drive
The rally car has allowed carmakers to conduct endurance testing on everything from engines to breaks. When the field lines up on the Indianapolis Motor Speedway track this weekend, they'll begin with a pace lap behind a 2014 Chevrolet Corvette Stingray driven by San Francisco 49ers coach Jim Harbaugh.Although Harbaugh might be more used to a gridiron than starting grid, he should feel at ...
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Oddie Confronts HSBC Over Forest Desecration
Bill Oddie has accused HSBC of funding the desecration of forests in a passionate speech at the bank's annual general meeting in London. The naturalist used his position as shareholder to challenge the bank’s bosses over its links with firms operating in Borneo and Malaysia. Oddie, 71, who won fame in The Goodies, backs campaigners who say that HSBC is funding the destruction of ...
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Photos A-Rod Sells Home for $30 Million
The New York Yankees third baseman sold his home in Miami Beach on Friday morning, according to ESPN.com reported. The home sold for $30 million and is one of the highest purchase prices for a home in Miami. It was previously listed for $38 million. A nearby home in a private island in Miami-Dade County sold for a record-breaking $47 million in Aug. ...
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Video NYC tech tour Foursquare BuzzFeed MakerBot
Telescopes from NASA's Solar Dynamics Observatory captured video of two large solar flares erupting off of the sun, one of which was the largest of the ...
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American Rights At Work Formal Complaint for FEC Investigation of Wal-Marts Unlawful Federal Election Activity
Formal Complaint for FEC Investigation of Wal-Mart's Unlawful Federal Election Activity WASHINGTON - August 14 - Today American Rights at Work, the AFL-CIO, Change to Win, and WakeUpWalmart.com will hand ...
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India Resource Center Coca-Cola Plant Shut Down in India
Chinta Dewi, Coca-Cola Bhagao, Krishi Bachao Sangharsh Samiti +91 94507 79325 (Hindi) Nandlal Master, Lok Samiti +91 94153 00520 (Hindi) Amit Srivastava, India Resource Center +91 98103 46161 (India) +1 415 336 7584 ...
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WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation
WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation WASHINGTON - August 14 - WakeUpWalMart.com today, along with American Rights at Work, Change to Win, and the American Federation of Labor and Congress of Industrial Organizations, jointly filed an official complaint with the Federal Election Commission. The groups filed the complaint of ...
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Microsoft office goes cloud to join cloud war with Google Docs
The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office ...
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Wall Street betting on last-minute debt deal
With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit rating, or even an actual governmnent debt default. The U.S. Treasury Department has said the Congress must act before Aug.2 to avoid a catostropic default. With the dealine drawing close ...
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Doomsayers warn of approaching bear market
As share prices soared across the globe this week - before crashing down in Tokyo - one group of doomsayers consistently stuck to their message: the market boom is on shallow foundations and the crash will be worse than ever.Albert Edwards, Britain's most persistent "Dr Doom" - and one closely connected to the heart of the financial system through his job as strategist at ...
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How to buy and sell shares … come boom or doom
stock markets recently hit levels not seen since the dotcom boom of 2000, then tumbled after a dramatic sell-off in Tokyo. What should investors do? Pick up some bargains marked down in the sell-off? Or junk ...
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Car insurance one bump and your old car could be on the scrapheap
car insurance following a minor bump. The warning comes after one London motorist had her vehicle written off following the smallest of accidents, in which just the side light on her ageing Toyota was broken.Lesley Hall, who lives in London, was told by her insurer, Cova, that it would send her a cheque for just 40 for her perfectly usable and very reliable L-registration Corolla, after an ...
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Downtown East in Minneapolis poised for second chance
The $400 million project and the $975 million stadium now in the works have created a buzz that maybe -- finally -- Downtown East will attract residential development that could help transform the area in a way that the Metrodome never did more than 30 years after its ...
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China sees wider role for private business
Chinese Prime Minister Li Keqiang reacts at the end of a press conference after the signing ceremony of several agreements between Switzerland and China, in Kehrsatz near Bern, Switzerland, Friday, May 24, 2013. Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation ? the first comprehensive agreement his country has reached with a major western economy. Li ...
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St. John’s sells NYC campus
St. John’s University agreed to sell its lower Manhattan campus to a group including developer Steven Witkoff and property investor Fisher Brothers, which plan to build condominiums there. Selling the property at 101 Murray St. will give the university a "major infusion of capital," President Donald Harrington said yesterday. Proceeds will be used for student financial aid, ...
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Kid gloves for hedgie
Women working in the hedge-fund world know how hard it is for them to get ahead.That could explain why so few of them were willing to speak out against hedge fund legend Paul Tudor Jones, whose recent comments that having babies turns women into lousy traders kicked off a storm of controversy on Thursday. Hedgie women sprang to the defense of Jones, 58, who founded Tudor Investment Corp. in ...
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News Corp. bd. OKs split
News Corp. said its board approved a plan to split the company’s entertainment and publishing assets into separate companies. The company expects to complete the split by June 28. The board also authorized a $500 million stock-repurchase program for the new publishing company, which will retain the News Corp. name. News Corp. owns The Post. The company said it would book a pretax charge of ...
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No InterOil delivery could burn Paulson
While he’s still licking his wounds from the Sino-Forest scandal, hedge-fund titan John Paulson has waded into another controversial stock. The founder of $18 billion Paulson & Co. scooped up 1.87 million shares of InterOil Corp. in the first quarter, making him the company’s eighth-largest shareholder, with a stake worth roughly $160 million. InterOil has been touting its access ...
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$20M pay won’t fly
The US is opposing American Airlines’ proposal for $20 million severance pay to CEO Tom Horton as part of its merger with US Airways Group. It violates bankruptcy law, the Justice Dept. said yesterday in a New York court ...
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Yahoo joins the $1B hunt for Hulu
Yahoo! has jumped into the bidding for Web video destination Hulu, The Post has learned. Sources close to the process say the bid from Yahoo!, along with offers from a handful of other suitors, value Hulu at upward of a billion dollars. If Yahoo prevails, it would be CEO Marissa Mayer’s second $1 billion deal inside a month. The company just acquired micro-blogging service Tumblr for $1.1 ...
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US stocks remain weak on track for weekly loss
US stocks remained weak in midday trading on Friday, extending losses for the third straight day despite better-than-expected US durable goods data for April.The three major indices are on track for its first weekly decline after four weeks of gains.In the previous trading day, the major stock indices closed lower for a second consecutive day following a dramatic slump in the Japanese stock ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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Working Americans turn down pay raise to avoid ‘cliff effect’
NBC News' Lester Holt investigates a double bind for a growing number of Americans. Some hard-working people are grappling with an economic "cliff effect" where a pay raise can actually make them worse off while also costing taxpayers at the same ...
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Key Government Projects At Risk Of Failure
Dozens of major Government projects including the High Speed 2 rail line, Universal Credit welfare reform and the rollout of high-speed broadband are at serious risk of failure, Whitehall documents reveal. There are 23 schemes which have had amber/red warning flags raised against them in the report, meaning successful delivery of the project is in doubt and urgent action needs to be taken to ...
Salt Lake City Feature
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Downtown Salt Lake City redevelopment
Salt Lake’s downtown area has, like many major cities across the US, deteriorated in recent decades as businesses and homeowners have moved out into the suburbs, but now, even in the midst of one of the worst real estate crisis in recent history, a number of major Salt Lake City developers are turning the tide.
Salt Lake City will have an entirely different downtown area in the next few years as major residential and mixed-use developments and new condominiums come online. Well over 1000 residential units are under construction or in the planning stages with major developments such as the City Creek Project leading the new trend. Read more
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