San Francisco, CA - Bank of America, the nation's largest bank, said it will be cutting 40,000 jobs, or 1 in 6 of their total employees, in an effort to cut costs and survive a crushing amount of toxic mortgages it has had to buy back, having already depleted most...
Orlando, Fla. AT&T announces new high-speed data offerings via today's press release: Demonstrating its ongoing commitment to small businesses, AT&T (NYSE: T) is offering its best-ever value for wired and wireless communications bundles. With the new plan, companies located in AT&T’s U-verse service areas in Florida can save up to $420...
Minneapolis based Target has said it will make its temporary holiday policy of price matching its competitors permanent following disappointing holiday sales. Target is the nations second largest discount retailer after Walmart but widely considered a step up in quality of products and customer service. The new policy is effective immediately...
Redmond, CA On Tuesday Microsoft announced that Satya Nadella will be the companies new Chief Executive Officer replacing Steve Ballmer who will retire later this year. Nadella is no stranger to the software giant having joined the company in 1992. He is currently the president of Server and Tools Business. One of...
WASHINGTON — Employers added only 54,000 workers in May, fewest in eight months, and the unemployment rate rose to 9.1%. The weakening job market raises concern about an economy hampered by high gas prices and lingering effects of the Japanese tsunami and nuclear disaster. The key question is whether the meager...
In our ever-connected global economy, it’s hard to make sense of where we are going with our economy. Is it getting better, worse, stagnant…? Who can say, here are the facts: Yesterday, President Barack Obama ordered the release of 30 million barrels of oil from the Strategic Petroleum Reserves in...
Sacramento- Web retailers have ended their online presence and sales to about 33 million consumers, residents of the state of California.  Major online retailers like Amazon and Overstock abruptly pulled out of the California market after warning state legislators that passing a bill to tax internet sales from out of...
Despite fines, tax penalties, and other regulatory burdens, nearly 9% of employers surveyed said they intend to end company health insurance for its employees. They plan to end the benefits in 2014 once the health care exchanges, a product of President Obama's health care reform laws, are up and...
Detroit has finally achieved its dream — for one month, anyway. It knocked Japan’s four best-selling cars out of the Top 10 best-sellers in the USA in May results reported this week. The Honda Accord and Civic, and Toyota Camry and Corolla are always grouped behind the two best-selling pickups,...
London, U.K. - Germans have reacted with visible anger as Britain decided not to join the new EU Fiscal Treaty, dubbed the "Merkozy" plan by pundits. Alexander Graf Lambsdorff, head of Germany's FDP group, part of the European Liberals, goes as far as to say it was "a mistake to let...