Specific steps help consumers reach their goals

Making specific plans is an effective way of helping consumers meet their goals, according to a new study published in the Journal of Consumer Research.  The researchers examined how consumers act…

The Impact of women-led businesses

The considerable economic impact of women-led business in the USA has been illustrated in a new infographic released by the National Women’s Business Council. The National Women’s Business Council…

Financial regulators meet Obama

Yesterday, President Barack Obama met lead independent financial regulators. According to a White House statement, the President and the financial regulators discussed the considerable progress…

Will Merrill Lynch cease to exist?

After acquiring Merrill Lynch and Co. four years ago, Bank of America Corp. says it is considering closing it down. Bank of America says it aims to keep the brand name Merrill Lynch going, but…

Are USA & Europe net debtors or net creditors?

If official statistics fail to capture most assets held by households in the USA and European in offshore tax havens, it is likely they significantly underestimate how much wealth rich nations hold,…

Taxing retirement income is outdated

An expert on taxation at the University of Illinois has said that while many people in the country prepare for retirement, the tax consequences of retirement income for retirees are “outdated and…

Mexico oil monopoly about to end?

Is the 75-year-old oil monopoly in Mexico about to end? Enrique Peña Nieto, the President of Mexico, has presented Congress with a bill that would open up the oil industry. If the Bill - which aims…

Sanofi in bribery investigation in China

French pharmaceutical giant, Sanofi is under investigation in China after a local newspaper - the Guangzhou-based 21st Century Business Herald - published bribery allegations. Several European…

Hourly wages down in UK, up in Germany

Wages have gone up 2.7% over the last three years in Germany, and fallen 5.5% in the UK during the same period. According to the Labour Party, which gathered data from the House of Commons library,…

Carlos Slim bids to control KPN

Carlos Slim, the richest man in the world, has made a bid through his company, America Movil SAB, to purchase the rest of Royal KPN NV for €7.2 billion ($9.6 billion). Many see this as a move to…

Washington Post sold to Amazon.com founder

Jeffrey P. Bezos, founder and chief executive of Amazon.com has agreed to buy the Washington Post from the Graham family. The Washington Post, which was founded in 1877, is the most widely…

ITC Apple import ban overturned

The Obama administration has overturned a ban on older models of iPhones and iPads being sold in the USA. This is despite the ITC (International Trade Commission) ruling that Apple had violated…

Boston Globe sold for just $70m

The Boston Globe has been sold by The New York Times for just $70m, a fraction of the $1.1bn it paid for the newspaper two decades ago. The Boston Globe has been sold to John W Henry, who owns the…

Employment rose by 198,000 in private sector

Employment rose by nearly 200,000 in the private sector in the USA from June to July 2013, says the July ADP National Employment report. Job gains were revised upwards from 188,000 to 198,000. The…

Facebook is changing how we talk about brands

Facebook and other communication channels are changing how people talk about products and brands. Word-of-mouth tends to be spontaneous while the written word is more carefully expressed. Jonah…