Economy

Facebook China Unblock Without Proxy: Government to Allow Access to Social Media Sites, NY Times in Shanghai

There might be light at the end of the tunnel for social media in China There might be light at the end of the tunnel for social media in China. Chinese people have been left in the dark for several years since the nation blocked Facebook, Twitter, and a host of other social networks.

F-15 Silent Eagle: South Korea Rejects Boeing Fighter Jet, Cites Stealth Issues

Boeing said in a statement this week that it was "deeply disappointed" after South Korea rejected the aircraft company's bid to provide 60 fighter jets

iPhone 5 vs iPhone 5s vs iPhone 5c: Should You Upgrade If You Already Own an iPhone 5?

While many experts agree that the iPhone 5s is one of -- if not the most -- prominent smartphone to enter our market, it is still difficult for consumers to decide whether to buy it, since Apple introduces new iPhones so often.

Occupy Wall Street 2013: On Second Anniversary, Protestors Return to NYC and Zuccotti Park

100 people from Occupy Wall Street returned to lower Manhattan this week to mark the second anniversary of the nationwide protests against corporate greed.

General Motors Electric Car: GM Building Affordable Vehicle With 200 Mile Range

According to a report, GM is working on an all-electric car that would have a significantly better range of around 200 miles per charge.

Wal-Mart Bribery Scandal in Mexico Taints $626 Million Restaurant Chain Sale

In a move signaling a healthy Mexican economy Wal-Mart de Mexico has agreed to sell its Vips restaurant chain to Mexican restaurant operator Alsea for $626 million. The sale will simplify Walmex's operations and give a local flavor to Alsea's offerings.

Ford Recalls 370,000 Cars Due to Corrosion, Potential Steering Issues

Ford is recalling 370,000 cars due to corrosion that may lead to the loss of steering, according to the Associated Press.

Verizon Vodafone Merger 2013: Vodafone Plans to Sell Back Stake in Verizon, Stocks Rise

Vodafone has confirmed that it may be close to selling Verizon its 45 percent stake in Verizon Wireless.

Tesla Sedan Drives Record Sales, Stock Price Hits $170 High

We give you the latest on what's going down with the premier electric car company. There is one name in the auto industry right now that makes the biggest auto makers squirm: Tesla Motors.

New York Times Site Taken Down by Syrian Hackers

As of Wednesday morning, the website was still down in some areas. The New York Times website went down on Tuesday for the second time this month after it was reported that The Syrian Electronic Army most likely hacked into the company's system.

Obama College Plan 2013: President Ties Financial Aid to Performance, Reduces Loan Payments

The commander-in-chief outlined a plan that would link financial aid with performance while also making loan payments more affordable and realistic.

Bank of America Intern Dies After Working '15 Hours a Day or More'

Bank of America is under heavy scrutiny following the death of an intern who allegedly worked "15 hours a day or more" in a London-based office.

Kodak Bankruptcy Plan Approved: Reorganization Begins After 19-Month Wait

Eastern Kodak Co. has been approved for a Chapter 11 bankruptcy reorganization plan, signaling a new beginning for the once-dominant photo company.

Cisco Layoffs: 4,000 Workers Cut Despite Increased Earnings

Increased competition and a slow global economy have reportedly forced Cisco Systems to lay off 4,000 workers.

Chase Website Down: Customers Unhappy With Bank Site's Outage

While there is still no word as to why Chase.com is currently down, patience among customers is running low.

Chase.com Down? Server Disruptions at JPMorgan Chase, But Mobile Works

The websites for Chase Bank and the investment bank JPMorgan Chase went down Thursday morning. No word on whether this is a technical glitch or a cyber attack.

Heinz Layoffs: 600 Jobs Cut in US and Canada

H. J. Heinz Co. announced layoffs in US and Canada Tuesday, says UPI. H. J. Heinz Co. announced layoffs in the U. S. and Canada Tuesday, according to UPI.

Beef Recall: E. Coli Taints 50,000 Pounds of Meat in U.S.

In the latest food contamination debacle, The National Beef Packing Company, a firm based in Liberal, Kansas, recalled more than 50,000 pounds of ground beef because it may be contaminated with E. coli, according to Department of Agriculture's Food Safety and Inspection Service (FSIS) who made announcement yesterday.

4 out of 5: Poverty in America - Unemployment and Hunger Faces 80 Percent of US

Eighty percent of U.S. adults confront poverty, joblessness or a dependence on welfare at least once in their lives, according to recent survey conducted by the Associated Press.

Rosie the Riveter Factory Set for Demolition: $3.5 Million Needed This Week to Save a Piece of History

The Detroit-area plant that gave birth to “Rosie the Riveter,” the ubiquitous cultural icon of the Second World War that became a symbol of feminism and women’s economic empowerment, will soon be torn down unless a Michigan non-profit can raise the $3.5 million needed to save it by Thursday.
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