Economy

US Millennials Have Trouble Buying Homes But Won't Hesitate for a Car Down Payment, Study Says

While the housing market continues to recover following the Great Recession, millennials are reportedly more cautious about purchasing a home and cite financial reasons. Young adults between the ages of 18 and 34 said finances are the "single biggest obstacle" preventing them from becoming homeowners.

Rupert Murdoch Companies 2014: Media Mogul Back to the Drawing Board?

Rupert Murdoch has his thumb over a large portion of TV networks (and other media) in the US, and he only seeks to increase his share. But CNN parent company Time Warner rejected an $80 billion deal, which would involve selling off CNN.

CVS to Buy Miami-Based Navarro Discount Pharmacy: Biggest Hispanic-Owned Drugstore Chain Was Founded in Cuba in 1940

On Monday, CVS Caremark announced its agreement to buy Navarro Discount Pharmacy, the biggest Hispanic-owned drugstore chain the U.S.

Colleges, Universities to Face New Financial Challenges Despite High Hispanic Enrollment

While several business sectors are still recovering from the financial crisis of 2008, colleges and universities are reportedly set to face further "substantial" economic challenges.

BRICS New Development Bank Will Offer Alternative to IMF, World Bank

Economists, anti-poverty advocates and journalists comment on the implications BRICS announcement creating the New Development Bank and currency reserve pool.

Sprint Asks Banks for More Time in T-Mobile Merger as Spectrum Warchest Is Prepared

A Sprint and T-Mobile merger deal is beginning to look likely as Sprint parent company SoftBank pushes for more financing and the two companies plan a $10 billion warchest for next year's FCC spectrum auction.

BRICS Nations Agree on $100B Bank to Help Developing Countries

The countries will also have a reserve fund with $100 billion The leaders of the five BRICS countries have signed a deal to form a new $100 billion development bank and a reserve fund with equal money, according to BBC.

LIRR Strike, Update & Schedule: Will Either Side Reach A Deal Before Planned Strike?

If agreement isn't reached strike could begin Sunday The New York Metropolitan Transit Authority (MTA) asked Long Island Rail Road (LIRR) unions to resume talks Wednesday.

iPad vs. iPhone 2014: Apple, IBM Partner Up in Business Software Deal; Companies Will Sell Tablets and Phones to Businesses

Previous competitors IBM and Apple have joined forces to break through the Microsoft Windows-dominated business software market by using Apple's continuous lead in the market with tablet and phone sales. The comprehensive deal includes 100 business apps to run on iOS and IBM support for the companies who buy the products.

Time Warner Deal: 21st Century Fox Nixes $80 Billion Bid From Rupert Murdoch

The $80 billion bid on Time Warner Inc. made by 21st Century Fox in recent weeks has been rebuffed. The $80 billion bid on Time Warner Inc. made by 21st Century Fox in recent weeks has been rebuffed.

Electric Cars 2014 on Twitter: Tesla Announces Model 3 Will Debut in 2017

Model III will cost $35,000 Tesla confirmed late Tuesday night that a third-generation Tesla vehicle will debut in 2017 and it will cost $35,000. The Tesla Model III will be half the price of the popular Model S.

Pregnant Women Health: EEOC Outlines New Guidelines to Address Discrimination Against Pregnant Workers

For years women have been complaining about forced maternity leave and being fired from their jobs due to pregnancy. The EEOC has seen an increase in violations and complaints over the years and is now addressing the issue.

BMW Recall: Company to Replace 1.6 Million Vehicles Due to Faulty Airbags

BMW joins other car makers by recalling cars with Takata air bags. BMW is following other car makers by recalling 1. 6 million vehicles worldwide that have airbags made by Takata Corp.

Brazil, Russia, China, India and South Africa to Form Independent Development Bank and Currency Reserve

The leaders from Brazil, Russia, India, China and South Africa announced in a joint statement the creation of their own development bank. The announcement was made after a plenary meeting of the five BRICS heads of state in Fortaleza, Brazil. Its funding aim will be infrastructure projects in developing nations, and they will begin lending in 2016.

Latinos and the Housing Market: Latinos 'Crucial' in Market's Recovery, FMIC Could Mark Trouble

Latinos are playing an important role in the housing market, and it does affect employment and the economy.

Microsoft to Announce Largest Layoff in History Next Week?

After acquiring Nokia in September, the company has had to reassess and determine how to make Microsoft leaner and fit to compete with competitors like Apple and Google.

New York Data Breach: 7.3 Million New Yorkers Affected; Usernames, Passwords Stolen

Almost 23 million New Yorkers affected in last eight years. Almost 23 million New Yorkers' private records have been exposed in data security breaches by more than 3,000 businesses, nonprofits and governments over the past eight years, the New York attorney general reported.

Citigroup Pays $7 Billion in 'Historic' Mortgage Loan Settlement to US Justice Department

Citigroup Inc. resolved federal and state claims regarding the company's handling of residential mortgage-backed securities (RMBS) by settling with the U.S. Department of Justice for $7 billion.

Stocks Close Out Higher, End Bad Week

After an unstable week on Wall Street, the S&P 500 ended its worst week since April with modest gains on Friday.

Android vs. iOS: Google OS to Pass 1 Billion Shipments in 2014, Predict Analysts

If trends continue, Google's Android shipments this year could surpass the magical number of 1 billion.
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