Category: Business
Traveling Overseas: Best Bang for Your Buck?
Nick M Do/Getty Images(WASHINGTON) — While a growing euro storm may be brewing, the dollar has increased in value — much to the delight of American tourists.The trend over the past few months is clear: the dollar is worth more against the euro. And t…
George Lucas’ California Housing Proposal to Become Reality
Chip Somodevilla/Getty Images(MARIN COUNTY, Calif.) — A defiant George Lucas showed his Indiana Jones-caliber feistiness when the filmmaker ended nearly 25 years of neighborhood opposition to a California studio by announcing the land would instead be…
Obama Tells Oil Industry to Drill Idle Leased Land
Digital Vision/Thinkstock(WASHINGTON) — After a drumbeat of complaints from energy companies that the Obama administration is blocking domestic oil and gas production, the Interior department released a report claiming that U.S. oil and gas producers …
New Verizon Data Plans Coming, Likely to Kill Unlimited Data Plans
Verizon Wireless(NEW YORK) — While Verizon Wireless used to offer unlimited data plans for its customers, it stopped offering all-you-can-eat data plans last July for new customers. However, those that had been grandfathered in under an unlimited data…
HSBC doubles turnaround target to $2 bn
Hong Kong/London: HSBC doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe’s biggest bank picks 22 markets to drive its growth and eyes more cost cutting to cope with new regulations in the wake of the financia…
Pepsi Drops Tennessee Walking Horse Sponsorship
DON EMMERT/AFP/Getty Images(NEW YORK) — In the wake of an ABC News investigation revealing extreme animal cruelty, Pepsi has canceled its sponsorship of the annual Tennessee Walking Horse championship, the Celebration.The discontinuation of the relati…
Jobless Claims Stay Put at 370,000
Spencer Platt/Getty Images(WASHINGTON) — Jobless claims didn’t budge last week, remaining at 370,000, the Labor Department reported Thursday.The figure for the week ending May 12 is a revision from the previous week’s number, which was initially said …
Foreclosure Filings Down to Lowest Level Since 2007
iStockPhoto/Thinkstock(NEW YORK) — Is the foreclosure crisis in the U.S. nearing its end? New numbers out Thursday by RealtyTrac show that foreclosure activity is down to a near five-year low across the country.”In April 2012, there were less th…
Facebook’s IPO: What It Means For You
LOIC VENANCE/AFP/Getty Images(NEW YORK) — At the same time the price and public clamor for Facebook’s blockbuster IPO is rising, experts’ expectations for the company’s performance are in decline.The company on Tuesday raised the asking price of its o…
Facebook Employees Will Be Ringing in IPO with ‘Hackathon’
Peter Foley/Bloomberg via Getty Images(MENLO PARK, Calif.) — It’s going to be a sleepover at Facebook the night before the big IPO.Employees from the social networking site will be holding what the company calls a “hackathon” Thursday night.&nbs…
