iOS app Android app

Business News

Starbucks Eyes Consumer Products Acquisition

Posted 05.25.2011 | Business

(Reuters) - Starbucks Corp (SBUX.O) may go for acquisitions over the next 12-18 months to expand its consumer products business, Chief Executive ...

Hedge Fund Manager Takes Huge Risk In His Own Trial

DealBook | Peter Lattman | Posted 05.25.2011 | Business

When Raj Rajaratnam was a hedge fund baron managing billions of dollars and being lionized as one of Wall Streets savviest investors, he was asked wha...

10 States Where Teachers Are Paid The Worst: 24/7 Wall St.

Posted 05.25.2011 | Business

24/7 Wall St wrote: Lost in the debate about collective bargaining rights and the related issues of pay, pensions, and health care coverage is the dia...

Lehman Brothers Battles With Investors

Posted 05.25.2011 | Business

LONDON (By Sarah White) - A legal tussle between defunct Lehman Brothers (LEHMQ.PK) and investors in highly complex debt vehicles has drawn attenti...

Walmart To Give Big Money Back To Shareholders

AP | Posted 05.25.2011 | Business

BENTONVILLE, Ark. — Wal-Mart Stores Inc. said Thursday that it is increasing its annual dividend 21 percent on the back of strong earnings. The...

Lila Shapiro

Unemployment Rate Falls In February, U.S. Adds 192K Jobs

HuffingtonPost.com | Lila Shapiro | Posted 05.25.2011 | Business

After a winter of weak improvement in the labor market, the Bureau of Labor Statistics has finally reported a promising sign of growth in the American...

World's Most Admired Companies for 2011: Fortune

Posted 05.25.2011 | Business

NOTE: this article was republished with permission from Fortune.com By Geoff Colvin, Shelley DuBois and Daniel Roberts, Fortune Now that the sk...

U.S. Airlines Raise Prices Again

AP | DAVID KOENIG | Posted 05.25.2011 | Travel

DALLAS — Airfares at major U.S. airlines are climbing again, continuing a dizzying pace of nearly weekly increases on both penny-pinching vacati...

William Alden

When Cities Struggle, Workers Punished -- But Bondholders Spared

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

NEW YORK -- As cities across the nation struggle to balance their budgets, a chorus of experts has told investors to take cover. Economists, analys...

Chrysler Recalls 250K Vehicles Due To Engine Shutoff Risk

Posted 05.25.2011 | Business

DETROIT (Reuters) - Chrysler Group LLC recalled more than 248,000 crossover wagons and minivans because of a defect that could allow the key to sli...

Service Sector Grows At Fastest Pace In 5 Years

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The U.S. service sector expanded in February at the fastest pace in more than five years and firms hired at the quickest rate since...

Jobless Claims Hit Lowest Level In 2.5 Years

Reuters | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - New claims for unemployment benefits unexpectedly fell last week to touch their lowest level in more than 2-1/2 years, a gover...

Bernanke: State Governments Face 'Tough Decisions'

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — State and local governments will struggle with budget shortfalls even as the U.S. economy picks up speed, Federal Reserve Chairman ...

Simon Johnson: New York Fed Making A Big Mistake?

The New York Times | Simon Johnson | Posted 05.25.2011 | Business

An uncomfortable dissonance is beginning to develop within the Federal Reserve. On the one hand, current and former senior officials now generally ag...

Fed: Job Prospects Improving 'Modestly'

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Economic activity kept slowly gaining strength as 2011 opened and manufacturers and retailers were having some success in push...

Bernanke: GOP Budget Cuts Could Cost 200K Jobs

Posted 05.25.2011 | Business

WASHINGTON (By Mark Felsenthal) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent t...

Wikileaks: How The Cola War Was Won In Libya

Posted 05.25.2011 | Business

WASHINGTON (By Mark Hosenball) - An unpublished U.S. diplomatic cable obtained by WikiLeaks tells the previously undisclosed story of how an American...

Investors Pull Billions From Emerging Markets

AP | PAMELA SAMPSON | Posted 05.25.2011 | Business

BANGKOK — Investors disillusioned by the implosion of Wall Street titans, economic anemia in Japan, and a debt debacle in Europe have found abun...

High Oil Prices Here To Stay, Says IEA Economist

Posted 05.25.2011 | Business

BERLIN (Reuters) - High oil prices are a threat to the global economic recovery and present a challenge the world will have to face over the long ter...

Bernie Madoff Of Sudan

Slate | Dan Morrison | Posted 05.25.2011 | World

Adam Ismael, a former police officer who didn't finish secondary school, resides at a villa in Khartoum. At a time when hundreds of students, journal...

Gold Surges To Record On Libya, Political Unrest

Posted 05.25.2011 | Business

NEW YORK (By Frank Tang) - Gold rose more than 1 percent to an all-time high on Tuesday above $1,432 an ounce as chaos in Libya and political turmoil...

How One Entrepreneur Built A Craft Beer Empire

Open Forum | Darren Dahl | Posted 05.25.2011 | Business

Taken with the idea of crafting his own brand of beer, Sam Calagione left his writing program at Columbia University in New York City in 1993 to appre...

How Some Life Insurers Deny Paying Benefits

Bloomberg | David Evans | Posted 05.25.2011 | Business

Jane Pierce spent nine years struggling alongside her husband, Todd, as he fought cancer in his sinus cavity. The treatments were working. Then, in Ju...

Mets Money Mishap May Make MLB a Monopoly After All

Brian Ross | Posted 05.25.2011 | Politics
Brian Ross

To get its exemption from antitrust law, baseball was defined as a bunch of separate businesses. Do they meet that standard today?

William Alden

Manufacturing Strongest Since 2004, But Challenges Remain

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In a sign that the economy continues to recover, albeit unevenly, manufacturing just finished up another strong month. New orders and production rose...