All Economy
IRS to close for five days: this week in the economyThe IRS will shut its doors to the public for five days in the coming months due to federal budget cuts. IRS closure dates and other news from around the economy this week.
Could 'microbatteries' revolutionize the electric car?Imagine a battery so small it could feature in a credit card-sized cellphone, charge in mere seconds, with enough power to jump-start a car, Ingram writes. Now imagine it scaled up for use in an electric vehicle.
AAPL, below $400 a share, may fall moreAAPL needs to announce a dividend increase or its share price will fall even more, warns analyst Dan Niles. Its lack of products at the low end and middle range of the market has already pushed AAPL down from more than $700 a share to less than $400.
CVS racist slur leads to lawsuitCVS racist slur on receipt prompts Korean-American woman to sue the chain for $1 million, despite the pharmacy chain's apology for the CVS racist slur.
Losing $25M a day? Congress shrugs off USPS lossesThe United States Postal Service is losing $25M a day, but Congress voted against cutting Saturday deliveries. The USPS might still choose to deliver nothing but packages on Saturdays, some analysts say.
Stocks slip on weak earningsStocks fell on Wall Street Thursday after disappointing earnings from a range of companies. Commodities stocks held steady following a wild couple of days.
Jobless claims rise by 4,000Jobless claims increased by 4,000 to 352,000 claims from 348,000 claims for the prior week, according to Thursday's jobless claims report.
Toyota hybrid sales pass 5 million; 2 million in the USToyota has been refining its hybrid mtoro technology for a decade and a half, becoming an industry leader in the process. Now, Toyota has announced that its hybrid sales have surpassed the 5 million mar worldwide.
Want to be a successful entrepreneur? Look for mentors.Every entrepreneur benefits by getting help from battle-scarred industry insiders, Cornwall writes, and mentors can get intrinsic and financial rewards from guiding young entrepreneurs.
Asian shares dip amidst slowing economic recoveryWorries about trends in global growth, drove down U.S. and European equities, commodities and Asian markets on Wednesday. Earnings forecasts continue to be revised downward, say analysts.
Time to invest in Intel? Not so fast.There is still way too much belief that Intel can seamlessly compete in mobile and cloud, Brown writes. Until there are signs that Intel has either truly turned things around, he says there is very little opportunity for an investment.
Stocks down on signs of global economic slowdownStocks fell on Wall Street Wednesday as evidence of a slowing global economy grows. The drop comes just one week after US stocks hit an all-time high.
McDonald's settles lawsuit over false 'Halal-friendly' food claimMcDonald's has agreed to pay $700,000 in a lawsuit brought by members of Michigan's Muslim community. The group claims that a Detroit-area McDonald's falsely advertised food as prepared according to Islamic law.
Mortgage rates drop to 3.52 percentMortgage rates declined 4 basis points to 3.52 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
Boston bombings: A moment of unity amid economic divisionThe Boston bombings have united Americans, Reich writes, but the country continues to split apart economically.
21st Century Fox, finally: What took 13 years?21st Century Fox will be the new name of NewsCorp's entertainment arm, which will be separated from its newspaper and publishing business. So with 21st Century Fox on the way, what happens to 20th Century Fox?
What happened to state tax reform?Months ago, several Republican governors proposed major tax reform plans, Gleckman writes, but by tax day, two of those governors had abandoned their tax reform plans. What happened?
Bank of America settles lawsuit; profits disappointBank of America has agreed to settle a class action lawsuit brought against Countrywide Financial, its troubled mortgage lending arm. The settlement came as Bank of America announced its first quarter income, with profits soaring but failing to meet analysts' expectations.
Lottery winners still getting welfare? In Michigan, yes.Lottery winners got welfare benefits in more than 3,500 cases last year, a new Michigan report finds. That's 14 percent of state lottery winners on welfare, and the state aims to crack down.
Stocks bounce back from worst day of yearStocks rose on Wall Street Tuesday the day after they had their biggest decline since November. Tuesday's strong housing and earning reports helped stocks recover.
