Economy

Coca-Cola to Buy 16.7 Percent Stake in Monster Beverages

Coke will invest $2.15 billion for the stake in the energy drink company Coca-Cola will spend $2. 15 billion in exchange for a 16. 7 percent stake in energy drink maker Monster Beverages.

Latino 'Ride Along' Producer Appointed as Head of Relativity Media's New Multicultural Division Focused on Projects With Diversity

Relativity Media has appointed a successful Latino producer as the head of a new addition to the studio: the multicultural division.

US Minimum Wage Increase: White House Releases Progress Report Favoring Wage Hike

President Barack Obama stated several times for Congress to raise the minimum wage to $10.10 per hour, and a new report reaffirmed his bid can come to fruition through state levels or executive action.

Dish Network Seen as Favorable T-Mobile Suitor After Sprint's Failed Merger Attempt

Dish Network is poised to be a favorable suitor to T-Mobile, say Moody's analysts, and if the second-largest satellite TV provider in the United States makes a solid bid, it could make T-Mobile a formidable force in the wireless industry.

US Retail Sales 2014 Remain Flat: July Sales Weakest in Six Months as Analysts Blame Consumers Frugality

Retail sales figures for July were the worst in six months, according to the U.S. Department of Commerce.

EPL News: EPL Soccer Set to Return to NBC, Telemundo With Manchester United vs Swansea City Opener

The English Premier League returns to NBC on Saturday, with Manchester United opening the season against Swansea City, as the network tries to capitalize on last year's successful inaugural broadcast run and the fervor of the World Cup.

Racial Discrimination Persists in Employment, Housing and Voting Rights, Says Justice Department at Geneva Convention

The U.S. Department of Justice addressed the role of race in the country in education, elections and the economy during the Convention on the Elimination of Racial Discrimination in Geneva.

Atlantic City's Revel Casino To Close In September, Negotiating With Potential Buyers

Officials at Atlantic City's Revel Casino Hotel announced Tuesday that the company will shut down next month after failing to find a buyer in bankruptcy court.

iPhone and Android-Users Can Now Open Bank Accounts From Their Smartphones

There are individuals who've not only failed to embrace online banking, but have yet to open a bank account at all. Lucky for them, opening an account just got a little easier in case they change their minds, because they can now remotely open an account from the comfort of their very own smartphones.

Common Cause NY Opposes Comcast-Time Warner Merger

A merger between Comcast and Time Warner now faces another hurdle in the state of New York as advocacy group Common Cause filed a formal complaint with the Public Service Commission (PSC) against the deal going through.

Android Gains vs. iOS in Enterprise Market

Google's Android mobile operating system continues to make gains against Apple's iOS, and this time the open source code seems have to have a dent in the enterprise market.

Apple Diversity Statistics: Latino Representation in Double Digits but CEO Tim Cook 'Not Satisfied'

Apple Inc. released its workplace diversity figures, and for the Latino population, the Cupertino-based company fared better than its rivals.

Affordable Care Act Premium Rates to Increase 7.5 Percent, Less Than Predicted

Premiums on the Affordable Care Act's (ACA) health insurance exchanges are expected to increase by an average 7.5 percent for 2015.

Stock Market Update: NYSE Mostly Down as Ukraine Remains in Focus

Dow down 9 points, S&P 500 down 3 Stocks were down Tuesday in light volume trading. Only 2. 2 billion shares exchanged hands Tuesday on the New York Stock Exchange, well below the 3.

Apple iPad Air 2 Enters Production Ahead of Late Q3 Release

Apple's next-generation iPad is on the way, as Bloomberg reports that mass production of the popular tablet series has started.

T-Mobile Goes After Sprint After Merger Falls Through

Sprint, the nation's third-largest wireless carrier, recently withdrew its intentions to acquire T-Mobile, and while No. 3 has been relatively quiet in the aftermath, T-Mobile has been firing off at its former potential partner.

Federal Judge Rejects Multi-Million Dollar Settlement in Silicon Valley Programmers' Suit Against Google and Apple

A California federal court judge, in a class-action lawsuit filed against Google and Apple, rejected the settlement of $324.5 million on Friday, ruling it wasn't enough to cover damages.

Buzzfeed Movie Studio: Media Company Lands $50 Million Venture Capital Investment, Will Launch Studio

BuzzFeed, an Internet-based media company that is best known for its viral list-based articles, just landed a $50 million investment from venture capital firm Andreessen Horowitz to launch a movie studio.

'Housing for Everyone' Competition to Award $2.5 Millions in Grants, Benefiting Low- and Moderate Individuals

Eight years ago, the TD Charitable Foundation began investing millions into the "Housing for Everyone" competition. In total, they've invested nearly $12.2 million, and helped to create or maintain 10,000 affordable housing units.

Greenpeace USA Controversy: Environmental Group Petitions Lego Partnership With Shell, Says Oil Company Doesn't Listen to Global Warming Signs

The toy company Lego is under fire from environmental group Greenpeace for a line of toy cars that feature Shell oil company.
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