Recent Articles
| 7:48 AM 2/17/2011
Steve Jobs, the CEO of Apple, has only six weeks to live, according to the National Enquirer. The often sensationalist tabloid published photos in of Jobs looking extremely thin and frail, according to TNT magazine.
| 7:32 AM 2/17/2011
Honda (HMC) is recalling almost 700,000 vehicles because of problems that could cause engines to stall.
The affected vehicles include Fit, Freed and City compact car models in Asia and North America, BBC News reported.
More than 100 complaints have been filed about the fault, though no...
| 8:25 AM 2/14/2011
Trump Entertainment Resorts agreed to sell the Trump Marina Hotel Casino in Atlantic City for $38 million.
The casino will be sold to Landry's Inc., which operates the Golden Nugget casinos in Las Vegas and Laughlin, Nevada, Trump Entertainment Resorts said in a statement.
The transaction is...
| 8:16 AM 2/14/2011
Boeing (BA) unveiled the new 747-8 Intercontinental jet Sunday, which can seat as many as 500 people.
The new plane has 12% lower costs per seat than the 747-400, Boeing said in a statement. The plane will also emit 16% less carbon.
"As the only airplane in the 400 to 500-seat market, the 747-8...
| 7:59 AM 2/14/2011
Starbucks (SBUX) said it will soon make a major announcement about a new product for the single-serve market.
The company is preparing for the expiration of its agreement with Kraft Foods (KFT), Reuters reported. Under the terms of the agreement, which expires March 1, Starbucks provides coffee...
| 7:28 AM 2/9/2011
Jeffrey Skilling, former CEO of Enron, was denied temporary release from prison to attend his son's funeral, CNBC reported.
John Taylor "J.T." Skilling was found dead at his home in Santa Ana, California, last week. The cause of the college sophomore's death is undetermined, pending a toxicology...
| 7:22 AM 2/9/2011
The Internal Revenue Service announced a new disclosure initiative to encourage people to bring money held offshore back into the U.S. tax system.
Individuals can bring their money back into the U.S. system, provided they pay a penalty, back-taxes and interest for as many as eight years, the IRS...
| 7:28 AM 2/8/2011
Chipotle (CMG), the chain restaurant serving Mexican food, fired hundreds of workers in Minnesota after receiving notice from Immigration and Customs Enforcement that they had "suspect documents."
The ICE began its probe of Chipotle in Minnesota, where the company employs about 1,200 workers, The...
| 6:30 AM 2/8/2011
Although he says he's "not exactly certain what" Groupon's appeal is, Jason Child has plenty of possibilities. And he's certain that even given the online coupon company's explosive growth, there's plenty of room for further expansion. But don't expect an IPO anytime soon.
| 8:32 AM 2/3/2011
Bank of America Corp. (BAC) is the subject of a lawsuit that accuses the bank of hiding foreclosure problems that contributed to a drop in its share price.
The suit, filed by a union benefit plan, says Bank of America concealed problems in its recording of mortgages, Reuters reported. This...