San Jose, CA Tesla has said it will build its massive $5 billion battery “gigafactory” just outside of Reno, Nevada.  The new manufacturing plant will cover 10 million square feet, equivalent to 174 football fields. Once built, the new plant will be able to manufacture enough batters to build 500,000 cars...
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...
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,...
June was not a good month for the anemic economy. Only 18,000 net jobs were added to the labor pool, and unemployment inched up to 9.2%. Businesses added 57,000 jobs, but governments nationwide cut 39,000 workers from their payrolls. That means that there are now 14.1 million unemployed Americans...
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...
Washington, D.C. - According to the U.S. Mint, it now costs 2 cents to make 1 penny, so instead of spending your pennies, go trade them in for cash at your local metal scrap yard? Ok, that won't exactly work out so well for you after you figure in the profit...
A man walked out of an art gallery on Tuesday with a Picasso original under his arm. How did he do it? Did he buy it? Was it in the middle of the night; was he wearing a mask, or a disguise; is he an elite international art thief? Nope....
San Francisco, CA - YouTube has announced that it will begin charging a subscription fee to watch some content on the popular streaming video website, which is owned by Google. Under the plan, viewers will pay about .99 cents to subscribe to one channel each month, YouTube will be offering 53...
Three private investment firms together bought Go Daddy for $2.5 billion plus the assumption of its debt.  KKR & Co., Silver Lake Partners, and Technology Crossover Ventures worked together to buy the world’s largest domain registrar whose sales have climbed 25% in the last year to $947 million and...
Orlando, FL The new iSquare Mall and Hotel was given the green light by Orlando city leaders to build and open a new large shopping mall and hotel on the corner of International Drive and Kirkman Rd.  The new mall will also feature a revolving restaurant at 360 feet up,...