Economy

Tesco Chairman Considers Stepping Down: WSJ

British grocer Tesco Plc's Chairman Richard Broadbent might consider resigning after the investigation into company's accounting practices is complete, the Wall Street Journal reported, citing sources familiar with the matter.

AT&T Says Some Customers Being Informed of Data Breach in August

AT&T Inc informed about 1,600 customers that an employee gained unauthorized access to their personal data in August, a person familiar with the matter told Reuters, the latest in a flurry of data breaches in recent months.

JPMorgan Chase Hackers Tried Infiltrating Other Institutions: WSJ

Hackers who breached JPMorgan Chase & Co's computer network earlier this year also tried to infiltrate other financial institutions, the Wall Street Journal reported, citing people familiar with the investigation.

Latino Unemployment Rate in September 2014: Jobless Rate Falls to Lowest Point Since May 2008

While the overall U.S. unemployment rate dropped to its lowest levels in six years, the Latino unemployment rate also fell to a new low.

An Invisible Workforce: Home Care Workers Are Highly Valued but Overworked and Underpaid

Baby boomers are retiring at the rate of 10,000 a day, and because of advances in medicine, the elderly population is booming. Often these groups need help from home care workers -- an unregulated workforce that is often poorly paid and works inconsistent hours.

Bill Gross Told Rival Gundlach: ‘I am Kobe, You Are LeBron’

It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites about whether to join forces.

Breast Cancer Action: Stop the Distraction of Pink Products During Awareness Month

Breast Cancer Action: stop the distraction of pink products during awareness month The Breast Cancer Action watchdog nonprofit that is anti-pink product promotions during the awareness month of October is sending out their message again this year to stop selling pink products.

Tesla Motors Model S P85D Leaked: Dual Motor Allows 0-60 in 4 Seconds, Elon Musk Promises Autonomous Electric Vehicle

Musk's Twitter announcement comes at a time when the car manufacturer seeks to overcome its range perception issue.

Latest GM Recalls Cover 57,000-Plus Vehicles

General Motors Co said on Saturday it was recalling more than 57,000 vehicles in the United States for potential problems ranging from a wiring problem in the steering column to inadvertent shutdown of the engine.

Verizon's Redbox Instant Video Streaming Service to Shut Down

Redbox Instant, a streaming video service operated by Verizon Communications Inc and Outerwall Inc's Redbox, will shut down next week because the venture has not been as successful as hoped, the two companies announced Saturday.

Yahoo Values Snapchat at $10 Billion: Alibaba Success Drives Tech Giant to Invest in More Startups

Yahoo recently acquired 40 percent of the Chinese online company Alibaba. Now it looks to invest in Evan Spiegel's Snapchat messaging app.

New iPad Air/Mini Rumors & Release Date 2014: Apple Expected to Update Tablets, Mac OS X Yosemite at Oct. 16 Event

One month after the announcement of iPhone 6/Plus, Apple Pay and the iWatch, Tim Cook is about to update the rest of the device lineup with new tablets.

States Probe JPMorgan Chase as Hack Seen Fueling Fraud

Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase & Co in a massive cyber attack uncovered over the summer, and more may soon join, Reuters learned on Friday.

US Unemployment Rate September 2014: House Speaker John Boehner: Democrats Trying to Convince 'Things Are Great'

The overall U.S. unemployment rate fell to its lowest levels in six years, but Republicans are not celebrating the achievement.

Jobs & Hiring Update: 248,000 People Hired in September; Unemployment Dips to 5.9 Percent

Employers hired more people in September but wages remain stagnant and lower wages are something employers are taking advantage of according to a paper published by the San Francisco Federal Reserve. The economy is going to be a big issue for voters in the mid-terms.

Latin American Business Leaders Emphasize Good Ethics During Madrid, Spain Conference

On Wednesday, Latin American business leaders emphasized the importance of merit when it comes to running successful companies.

GM Recall 2014: Half a Million Cars Affected in Latest General Motors Recall

Recent recall is the 71st this year for embattled American automaker General Motors Co. said Friday that it is recalling 524,384 vehicles around the world because of issues with latches and loose parts, another of many recalls by the company this year.

US Unemployment Rate: Applications for Unemployment Benefits Drop to 287,000

The unemployment dropped 8,000 according to the latest figures from the Labor Department but 2.4 million are still making claims. The economy is the number one topic on voter's minds as the country heads to midterm elections.

Underpaid and Underrepresented Homecare Workers Holding Their First Summit in St. Louis

Domestic workers and homecare workers -- vital for the well-being of children and adults -- are by the nature of their work isolated from other workers which petitioning for grievances and seeking readdress difficult. A first of its kind summit for homecare workers will be held in St. Louis giving attendees tips on organizing.

White House Flaunts 'Fact Sheet' on Obama Administration's Accomplishments for the Latino Community: From Immigration, Health Care and Economics

President Barack Obama has had a turbulent few months with the Latino community due to inaction from Congress on immigration reform and his executive action delay. Despite the setbacks in Washington, D.C., the White House wants to remind the Latino community of the Obama administration’s accomplishments.
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