Tallahassee – Governor Rick Scot, (R) Florida, will approve the much-awaited SunRail for Central Florida and Orlando Metro Area. While there were hints that he intended to approve it with setting aside over $260 million for this current fiscal year for the possible project, he publicly kept up rhetoric...
Washington, D.C. - The U.S. Economy added 171,000 new jobs for the months of October and the consumer price index rose to its highest level in for years, both good signs that show Americans are ready and willing to start spending again. The unemployment rate, however, rose from 7.8 to 7.9...
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...
With riots in Greece over its debt problems and deep austerity measures being put into place hurting nearly everyone, the issues there are affecting governments, banks, and investments across Europe. The US, like Greece, has one of the highest debt to GDP ratios in the world. While one of the...
Cupertino, CA Apple has announced that it has bought Beats for $2.6 billion in cash and $400 million in equity in a deal that is expected to clear regulators by the fall. The equity was designed as an incentive to keep Dr. Drea (Andre Young) involved with the future development of...
Washington, D.C. - According to a federal review by six federal agencies, net oil imports to the U.S. is down 10% from last year and is on track to meet President Obama's pledge to reduce foreign dependence on oil by one third within 10 years. Meanwhile, domestic production is up,...
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...
San Francisco, CA Facebook celebrates its 10 year birthday today and a lot has changed from when it was thefacebook.com and was started in a Harvard dorm room. 10 year later Facebook has 1.2 billion users, $150 billion in market capitalization and over $8 billion in annual revenue. Facebook founder...
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...
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,...