GM Launches Latest Move in Truck Wars
By MARY PATRICK General Motors announced the release this month of updated versions of its popular SUV brands, seeking to stay ahead of a bevy of competitors. The car company …
Posts in category Business
Koch Makes $7.2 Billion Purchase of Molex
Koch Industries announced the purchase this week of Molex, the maker of electronic connectors that partners with many companies, including Apple.
The $7.2 billion deal is one of the biggest ever by the privately-held company. They will buy out shareholders and take the company private, which will immediately eliminate one of Molex’s biggest expenses: $150 million paid annually as a dividend to shareholders.
Economists Maintain Optimistic Outlook on U.S. Economy
By MARY PATRICK A recent survey found that economists are keeping a positive outlook on the United States economy, predicting 3% growth by the second quarter of 2014. The numbers …
Global Economy On Track to Improve, New Report Finds
By MARY PATRICK The global economy in developed countries is on track to improve in the coming year, although central banks will need to continue loose monetary policies that are …
Amazon Seeks to Level Playing Field in Internet Sales Tax
In a strange twist, Internet retail giant Amazon is both supporting and fighting the effort to get sellers on the web to collect state sales tax. Late last month, Amazon …
More Companies Offering “Limitless Vacation” Time
By MARY PATRICK Many companies are adopting a new policy that seemed unthinkable not that long ago – allowing employees to take an unlimited amount of time for vacation. Most …
Reports Show Optimism Picking Up for Small Business Owners
By MARY PATRICK In a sign of an improving economic outlook, recent surveys have found that small business owners had increased optimism about the future in July and August. Also, …
Consumer Spending Rises Modestly in July
By MARY PATRICK Consumer spending rose .1% in July, lower than many experts predicted and also lower than the .6% increase in June, according to the U.S. Department of Commerce. …
General Motors Decides to Return to Super Bowl Advertising
By MARY WALKER After steering clear of Super Bowl advertising in 2013, General Motors has announced that it will purchase advertising time for Super Bowl 48, which is scheduled to …
Donald Trump Accused of Fleecing University Students
By MARY PATRICK Donald Trump has been accused of the bilking college students of about $40 million through his Trump University real estate program, according to New York prosecutors. In …