News

Print prices red – men will think it is a bargain

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Want to get a man to buy something? Print the price in red. However, this only works really well with men, not women. As unusual...

Consumer prices up 0.2% in July, USA

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Consumer prices rose moderately in July, according to the Bureau of Labor Statistics (BLS), mainly because medical care services, cars and food saw minimal...

Brazil Fast Food Corp. Second Quarter 2013 financial results

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The biggest fast-food chain in Brazil, Brazil Fast Food Corp., has just released its second quarter financial results of the year.  Brazil Fast Food Corp. has over...

Cisco plans to lay off 4,000 employees

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Cisco Systems Inc. has stated that it is planning to lay off five percent of its employees, translating into 4,000 people losing their jobs. Cisco...
Elderly Couple

Taxing retirement income is outdated

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An expert on taxation at the University of Illinois has said that while many people in the country prepare for retirement, the tax consequences...

Eurozone out of recession

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After a record, 18 months of economic shrinkage, the Eurozone has finally come out of recession. The 17-country zone’s GDP expanded by 0.3% during...

Bill Ackman resigns from J.C. Penney’s board

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Bill Ackman of Pershing Square Capital Management has just resigned from the board of J.C. Penney. The resignation comes following a series of decisions...

Mexico oil monopoly about to end?

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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...

Steinway Musical Instruments Inc. might sell for $477 million

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An investment firm has offered to pay $477 million for Steinway Musical Instruments Inc. ($38 per share),  topping a previous bid of $438 million by...

Unilever sells Wish-Bone salad dressings brand for $580 million

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Unilever is selling their Wish-Bone salad dressings brand for $580 million to Pinnacle Foods Inc. The purchase brings in new brands (such as the Western...