Economy

Current World News: Mexico President Enrique Peña Nieto Has Ambitious Tequila Plans, Sets Sights on China

Mexico President Enrique Peña Nieto has big plans for his country's national drink, tequila. Mexico President Enrique Peña Nieto has big plans for his country's national drink, tequila.

Microsoft Gets Support from Tech Giants Against International Data Seizures

As online privacy becomes a larger issue concerning more users, tech giants are stepping up against the government in an attempt to stop the seizure of data stored overseas. Apple, Cisco, AT&T, and Verizon have now all joined Microsoft in the company's appeal to curb a warrant for an Irish customer.

International Monetary Fund Director Christine Lagarde Supports US Minimum Wage Boost to Help Low Income Families

The International Monetary Fund (IMF) has called on the United States to raise the nation's minimum wage. IMF Managing Director Christine Lagarde said a boost in the federal minimum wage would alleviate and raise and incomes of Americans along the poverty line.

Tesla Motors New Car Models Release 2014: Elon Musk Announces Model X Due Out In Early 2015

Tesla Motors said Monday that it would have a prototype of the long-awaited Model X crossover vehicle by the end of the year and begin producing it for consumers in early 2015.

Gas Gallon Prices and National Average: Price at Pump Continues to Rise, At 15 Month Highs in 14 States

Re-formulated Summer Blends of Gas and Iraq Unrest to Blame Gas prices nationwide have leveled off but they've reached 15-month highs in 14 states.

Miami, Florida Sues JPMorgan Chase Bank for Discriminating Against Latino, Black Neighborhoods

Last Friday, the city of Miami filed a lawsuit against JPMorgan Chase & Co. in federal court claiming the company has used discriminatory mortgage lending practices in minority neighborhoods.

Alibaba IPO Date, Stock Price and Reviews: Group & Financials Revealed, Stock Symbol and Plans Remain Mystery

More information has been revealed about one of China's most powerful companies In what could be the biggest tech company IPO in history since Facebook in 2012, Alibaba Group Holding gave an updated prospectus on the members of its 27-strong partnership and board on Monday.

Business & Finance News: Merrill Lynch Fined $8 Million; Company to Return $24 Million to Customers

Company faced allegations of overcharging. Merrill Lynch was fined $8 million and will have to return $24 million to customers due to allegations of overcharging more than 47,000 retirement accounts and charities invested in mutual funds.

GM Ignition Lock Recall: Car Company Announces 3 Million More Recalls, This Time Mid-Size and Large Vehicles Included

Same key issue is being blamed. General Motors is recalling even more cars, this time mid-size and large cars, for the same ignition lock issue that can be blamed for 13 deaths in smaller cars earlier this year.

Ford to Look into Making Eco-Friendly Car Parts Out of Tomato Fiber From Heinz Ketchup

Last Tuesday, Ford Motor Company and H.J. Heinz Company announced that they will look into using the ketchup maker's tomato fiber to make sustainable bio-plastic materials for the automobile maker.

Sprint Will Let T-Mobile Take Reigns in Potential Merger

Sprint might not be Sprint in the near future, and if the company does want to keep its name, it might have to pay a pretty penny.

Coffee Crop Disease, Spurred by Climate Change, Threatens Latin America's Economic Foundation

Coffee is one of Latin America's major exports, sustaining independent farmers in rural areas as well as corporate bankers in metropolitan areas. But changing climate patterns have exaggerated plagues and droughts in the region, and this has produced less than desirable conditions for coffee production.

Peruvian President Ollanta Humala: Promises Cheap Gas as the Country Tries to Push for Renewable Energy

Peru moves forward with natural gas projects but may begin using solar energy soon. Peru continues to exploit its large natural gas reserves in an attempt to lower energy prices for its people.

Toyota Sales CEO: Fewer Teens Interested in Cars Worldwide

More exciting products are needed, according to Toyota CEO. Younger people just aren't interested in cars like they used to be. That's according to the CEO of Toyota Motor Sales and Marketing.

PF Chang's Payment System Hacked: Chinese Restaurant Warns Customers to Check Bank Balance, Data for Sale Online

The hackers targeted the point of sale system. The Chinese restaurant chain P. F. Chang's confirmed that they had been a victim of a cybercrime that compromised the security of their payment system, affecting its credit card payment terminals and ultimately the credit card information of their customers.

Bitcoin Exchange News 2014: New York City College to Start Accepting Tuition in Bitcoin Payments

King's College, a Christian liberal arts school in New York City's Lower Manhattan, announced on Friday that it will become the first college in the U.S. to accept bitcoin payments, starting this fall.

World Cup 2014 Boosts Digital Advertising Spending in Brazil: Nearly $5 Billion in Computer, Mobile Ad Buying Projected by 2018

With the 2014 FIFA World Cup, host country Brazil has seen an increase in digital advertisement spending, and it is projected to more than double through 2018. According to eMarketer, 2014 will see $2.88 billion in advertising spending on all digital platforms including desktop computers and mobile devices.

Univision TV Owners Reportedly Seek Buyer, Sources Say Billionaire Haim Saban and Investors' Price Is Too High

Reports say that the owners of Univision, the largest Spanish language broadcast network in the U.S., are looking for a buyer.

Chevy Camaro Recall 2014: 500,000 Sports Cars Pulled Due to Ignition Switch Issue

2010-2014 Camaros are being recalled. More recalls for General Motors vehicles means more headaches for consumers. This time it's the popular muscle car the Chevy Camaro.

Top 2014 Electric Cars Tesla: Company Opens Patents to Public; Could It Encourage Invention?

Tesla hopes to encourage innovation and lure more people towards the electric car market. Tesla continues to break away from the norm and encourage innovation within itself and others.
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