Economy

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.

Celebrity Tax Havens: The Guardian Publishes List of Famous People Avoiding Taxes

Mel Gibson has been revealed as one of these celebrities. Note: The following story contained information from the Guardian which incorrectly named Placido Domingo among the list of stars accused of avoiding paying their taxes.

Volkswagen Stops VW Golf: Models Halted Due to Steering Issue

About 800 new cars will be taken off the market. The newest Volkswagen Golf will have to wait to be sold. That's because the company is telling dealers to stop selling the 2015 Golf and Golf GTI because of a newly discovered issue with the car's steering.

Univision World Cup: Spanish-Language Chanel Beats ESPN & ABC but Future Remains Uncertain in Media Market

The company is a large standalone Spanish-speaking media outlet but has been in talks for a sale to large English-speaking companies. It's biggest competitor, Telemundo, is backed by media giant Comcast. In hopes of beating ESPN and ABC in World Cup coverage, the company spent half a million on new technology to beat broadcast times of the other two-- it succeeded. The move comes at a time when the future is uncertain and the station may need the success to attract a sale.

Sprint and T-Mobile Merger: SoftBank Reaches Skeletal Agreement

A merger between wireless carriers Sprint and T-Mobile seems to be picking up steam, as Sprint parent company SoftBank Corp. has reportedly reached a skeletal agreement with T-Mobile parent Deutsche Telekom AG for the acquisition.

New Cyber Security Bill Passed: Is This Is The End For Internet Users?

What does this new Cyber Bill really mean? The Senate Intelligence Committee voted 12-3 Tuesday to send a new cybersecurity bill to the full Senate, but the bill could strip average people's privacy rights as they share information over the digital highway.

Amazon Shipping News: Seattle Company Requests FAA Approval for Commercial Drone Use as Part of Prime Air

Amazon has requested permission from the Federal Aviation Administration to continue forward with its plan to use drones to deliver packages to customers in less than 30 minutes.