American inequality widened from 2000 to 2011
From 2000 to 2011, American inequality widened, says the Census Bureau. Median household net worth increased among the top 40% (top two quintiles) of...
Russian shrinking economy going from bad to worse
Is the Russian shrinking economy heading for a meltdown? According to the Economy Ministry on Friday, the country’s economy has shrunk in annual terms...
Amazon online advertising Google challenge
Will Amazon online advertising be taking Google head on in the multibillion lucrative Internet ad market? It appears the giant online retailer is developing...
US Job market slack remains, says Yellen
Despite unemployment coming down to 6.2%, US job market slack still remains, said Janet Yellen, chair of the US Federal Reserve.
In her opening remarks...
Dynegy acquires 21 power plants from Duke Energy and ECP
Dynegy acquires 21 power plants from private equity firm Energy Capital Partners (ECP) and Duke Energy in a $6.25 billion investment that will almost...
Mexican economic outlook improved
Mexican economic outlook improved says The Conference Board, after the country’s Leading Economic Index increased 1.7% in June, the fourth successive rise, and its...
Family Dollar rejected Dollar General bid, sticks to Dollar Tree deal
Family Dollar rejected a bid worth $8.9 billion from its largest rival Dollar General , saying it prefers the Dollar Tree merger deal, even...
Cloud computing research awards
Two cloud computing research awards worth $10 million have been announced by the National Science Foundation (NSF). The projects will be called CloubLab and...
London Stock Exchange operating profit up 36 percent
The London Stock Exchange operating profit increased by 36% in fiscal Q1 2015 to £102 million compared to £74.8 million in Q1 last year....
Argentine plan illegal, says US court
A US court said that the Argentine plan to get creditors to swap their defaulted bonds for new debt issued locally is illegal. According...