Economy

Chile Cyber Day: Black Friday, Cyber Monday Spinoff Attempt Unsuccessful

More than two dozen companies participated in the first ever "Cyber Day" in Chile, which mimicked Cyber Monday -- except it was not during the normal holiday shopping season.

Environmental Study Finds Carbon Dioxide Emissions Threaten Alaska Waters, State's Fishing Dependent Economy

Businesses and fisheries in Alaska, including the king crab delicacy, could be at risk due to man-made carbon dioxide emissions, a recently-released report said.

Homeowning vs. Renting: Rate of US Home Ownership Falls to 19-Year Low

Ownership rate has fallen nearly 5 points since 2004 high The American dream of owning a home appears to be eroding, as fears from the recession linger and people are increasingly choosing to rent, according to a Reuters report.

US Consumer Confidence Soars in July, Reaches Highest Level Since 2007

Consumers more confident in the economy. Consumer confidence soared in July to its highest level since 2007 as consumers are becoming more confident in the economy's recovery efforts, according to CNBC.

Mexico President Enrique Peña Nieto, California Governor Jerry Brown Discuss Immigration Crisis, Climate Change

California Gov. Edmund “Jerry” Brown and Mexico President Enrique Peña Nieto spoke climate change and the immigration crisis on Monday as part of the governor's three-day trip.

Metropolitan Opera Contract Negotiations Continue Ahead of Deadline, IATSE International President Weighs In

Met Opera workers are facing a lock out on Thursday if contract negotiations can't be settled. The Met's management want $30 million in cuts, workers argue management has run away cost with new productions.

Real Estate Giant Zillow Agrees to Buy Trulia for $3.5B in Stock

Company would be an online real estate giant. Zillow has agreed to buy Trulia for $3. 5 billion, both companies announced in a joint statement Monday. The deal is expected to close in 2015 and was done in an all stock deal.

Dollar Tree & Family Dollar Deal 2014: Discount Store Purchases Rival for $8.5 Billion

Discount store chain Dollar Tree announced on Monday that it will buy rival Family Dollar for $8.5 billion in cash and stock, making it the biggest discount retailer in North America.

T-Mobile's Cheap Family Plan Woos Customers From Rival Carriers

Plan is cheaper than rivals by $60 T-Mobile has introduced a new limited time family plan that will beat rivals AT&T, Sprint and Verizon's prices by $60.

California Governor Jerry Brown to Meet Mexico President Enrique Peña Nieto for Immigration, Trade Talks

California Gov. Jerry Brown embarked on a three-day trip to Mexico to meet with Mexico's president, Central American leaders and religious figures for a variety of issues including immigration and trade.

Tyson Foods Inc. to Sell Mexico, Brazil Poultry Operations to Handle Debt From Hillshire Brands Purchase

On Monday, Tyson Foods, Inc. announced its selling of its poultry businesses in Mexico and Brazil. On Monday, Tyson Foods Inc. announced its selling of its poultry businesses in Mexico and Brazil.

Mexico, Central America Among Most Popular Vacation Destinations for US Hispanics

Latinos truly value their vacation time, more so than Americans overall. Hispanics take time off of work each year, primarily during the summer and/or the holiday season.

China Could Help With Argentina's $1.5B Debt : A Look at China's Impact on Latin America and the Caribbean Region

What could China do to help Argentina pay off the country's debt? China and Latin America's business arrangement seems to go as far back as 2000.

Social Media Saturday: Facebook Takes Off, Twitter Looks Shaky, and Two Social Networks Reveal Unsurprisingly Low Diversity

This week in social media, Facebook took a victory lap on Wall Street, while Twitter's earnings next week look to be disappointing. Also disappointing, but not surprising, were the diversity figures released this week by Twitter and Pinterest.

Colombia-Panama Power Grid: Project to Restart Transmission Line After Two-Year Hiatus

Fromer Panamanian prez balked at price tag of a project that would increase electricity to region, but new prez is all for it saying it will give Panama energy security; also has potential to expand and provide for all of Central America and Mexico.

Wealth Likely to Triple for US Hispanics by 2025, but Impact From Recession Still Lingers

The U.S. Hispanic population is on the rise, and so is Hispanic-owned wealth. By 2050, the Hispanic population in the U.S. will double; by 2025, and the wealth owned by Hispanic families will likely triple if wealth-growing trends from the past two decades hold.

El Pollo Loco IPO : Restaurant Stock Soars During Debut, Tries to Escape Debt With Grilled Citrus Chicken in 400 Locations

Stock from the initial public offering of the California-based fast food chain El Pollo Loco sizzled yesterday, selling 7.1 million shares by the end of its first day on the market

iPad Sales Slump But Can Enterprise Help It Rebound?

What's eating the iPad? The former king of the hill doesn't seem to be doing so well nowadays, according to Apple's recent earnings call, and the reason may be the very characteristic that made it so appealing in the first place.

AT&T and DirecTV Merger Passes Brazil Antitrust Regulators

AT&T and DirecTV's proposed merger has gained significant steam, the company said during its second quarter earnings call.

Upscale and Affluent Latinos Are Tech Savvy, Bilingual and Big Spenders

Savvy, affluent and upscale Latinos have soaring purchasing power, and ad campaigns have been working to connect with high-earning Latinos by attempting to understand the preferred media and voice of this segment.
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