Economy

U.S. Lawsuits Related to Fannie Mae, Freddie Mac Profits Dismissed

A U.S. federal judge on Tuesday dismissed claims seeking to stop the U.S. government from making Fannie Mae and Freddie Mac pay a quarterly dividend to the U.S. Treasury.

Donald Trump Trolled on Twitter, Threatens to Sue Prankster

Donald Trump trolled, retweets image of serial killers, threatens to sue prankster Real-estate mogul Donald Trump was trolled on Twitter and now wants to sue the prankster whose tweet he retweeted.

Advertising Week 2014 NYC Speakers: 'Debunking the Millennial Myth' Kicks Off AdWeek, Teaches How to Target the Hispanic Market

"Debunking the Millennial Myth," an AdvertisingWeek event held on Monday, Sept. 29, shared industry secrets, including how to target the Hispanic market from a place of strength and education

Ford Shares Tumble on Lower Profit Outlook For 2014-2015

Higher recall costs in North America and steeper losses in Russia andSouth America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday.

Japan Jobless Rate Falls to 3.5 Percent in August

Japan's jobless rate shrank to 3.5 percent in August and the availability of jobs held steady at the highest in 22 years, reflecting recent improvement in the labor market.

Dollar Set to Cap Off September With Solid Gains, Hong Kong Unrest Eyed

The dollar hovered at a four-year peak against a basket of major currencies early on Tuesday, on track to post its biggest monthly gain in well over a year even as some analysts warned its three-month long rally was at risk of running out of puff.

Immigration Reform Update: National Hispanic Leadership Agenda Release Congressional Scorecard, Ranks Lawmakers on Immigration, Economics

A nonpartisan coalition of national Latino organizations published a scorecard of the 113th Congress on how lawmakers' votes affected the social, economic and political life of Latinos.

Fed Hawk Fisher says U.S. Risks Falling Behind Curve on Inflation

Richard Fisher, president of the Dallas Federal Reserve Bank, said the United States risks falling behind the curve on inflation as wage pressure starts to bubble in some parts of the country.

Brussels to Accuse Apple Over Illegal Irish Tax Deals: FT

The European Commission will accuse Apple Inc of benefiting from illicit state aid inIreland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter.

Pimco Sees $10 Billion in Withdrawals After Gross Exit: WSJ

Bill Gross's exit from the investment firm Pimco had an immediate impact on the company, with investors withdrawing about $10 billion following the announcement, the Wall Street Journalreported, citing a person familiar with the matter.

iPad: Apple Inc. Buys Digital Magazine Platform PRSS

Why would Apple Inc buy an IPad digital magazine platform? It could take IBooks to the next level. Apple Inc. has acquiesced another digital company, the Dutch iPad digital Magazine platform Prss.

A Look Into the $1B Acquisition of Twitch by Amazon

Amazon.com, the technology, online services and international shipping giant, has acquired Twitch, an online video game company, for nearly $1 billion. This is no game; these two online companies have been working on this deal for quite some time.

ABC 'Shark Tank' Cast & Episodes: Season 6 Starts, Premiere Releases Judge Line-Up, Looks Back at Previous Season's Winners

Many contestants apply for the TV show, but very few will get a deal. ABC's number one hit series on Friday nights, "Shark Tank," has just started its sixth season.

Facebook vs. Ello: Ads-Free Social Network Looks Awesome, Receives 27K Invite Requests an Hour

The site is against data mining and selling as practiced by sites such as Facebook. The new buzz in town is Ello, which as of this writing is still in beta and invite-only mode.

Microsoft Windows 9 Release Date: Beta, Preview to Be Announced at Sept. 30 Event

Some of the new features and screenshots have been leaked ahead of the official announcement. It seems that there is something brewing over at Microsoft, since the company has just issued an invitation for a Sept.

Apple iOS 8.0.2 Update & Features: Touch ID, HealthKit and Cellular Data Usage Among Bugs Fixed by Latest Download

Apple worked overtime to address software concerns, and it still has to deal with the critics who claimed the new phone bends too easily.

iPhone 6/Plus Encryption: Passcode Stops NSA Data Extraction, Critics Worry Apple is Protecting Criminals

The OS' unique mathematical algorithm is practically undecodable, but does that make law enforcement more difficult?

Adidas Fights to Draw Top Talent to HQ in Sleepy Bavarian Town

Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against U.S. rival Nike , but persuading them to move to its headquarters in rural Germany is difficult.

Argentina Default & Debt News 2014: Country Faces Contempt Hearing in NY and $50,000 Daily Penalty Over Hedge Fund Battle

U.S. Federal Judge Thomas Griesa has scheduled the Argentina government for a contempt hearing on Monday in New York over its failure to follow a court order to pay off hold-out hedge fund owners.

Brazil: Favelas to Be Incorporated by Microsoft and Google Maps

Brazilian favelas to be incorporated by Microsoft and Google maps Brazilian slums have long been left out of modern maps, but a combination of escalated violence and the attention that the World Cup brought to the area has brought that to light -- Google and Microsoft are now including the favelas in Rio de Janiero on maps.
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