Globally, it is not the richest 1%, but the wealthiest 3% who control one-fifth of the world's income, according to Gallup poll results. Income inequality levels are highest in sub-Saharan Africa and East Asia.
Buried among pages of financial data, descriptions of risks and details about the Hewlett-Packard's divisions in its recently filed 10-K was the disclosure that the HP will cut 34,000 jobs. That is 5,000 more…
The dominant theory about Fiat's buyout of a UAW health care trust that gives it 100% ownership in Chrysler is that the Italian car group has made huge hedge in the United States. However,…
Most analysts have pointed to luxury auto imports as the leaders in terms of growth. However, the real victors in the U.S. car industry are heavy pickup trucks, particularly those made by the Big…
ThinkstockFiat bough out the UAW’s ownership position in Chrysler and will hold 100% of the U.S. car company. The spin: January 1, 2014 , Auburn Hills, Mich. – Chrysler Group and the International Union,…
Boeing's shares rose more than 80% in 2013, the best in the Dow Jones Industrial Average, which was just over 25% higher for the year. The next closest in the index was American Express…
Facebook remains the leader in social media use. As has been the case for several years, two or three other social media continue to jockey behind it. The service that has come on the…
The desktop, laptop and tablet markets are supposed to be dominated by Apple and Microsoft. But both face erosion of their leads by the same major culprit of the erosion that has dogged them…
In a year in which high-end cars have sold particularly well, the prices of several imports have moved higher than $100,000 -- in some cases, much higher. The imports in this segment of the…
In Detroit, the largest American city to enter bankruptcy, Realtor.com lists 515 homes for sale at between $5,000 and $10,000. Unfortunately for Detroit, no one wants to move into the neighborhoods with sub-$10,000 homes.
There were 20 U.S. companies with $100 billion of sales or more in 2012. Amazon.com will join that short and elite list next year.
The number of states in which the price of an average gallon of regular gasoline is below $3 has dropped to three. The probable causes are a rise in oil prices and limited refinery…
The Centre for Economics and Business Research has made several predictions about China's economy and its place in the world, including that China's GDP will overtake the United States in 2028. But how likely…
courtesy Best Buy Co. Inc.Whatever many retailers made in profits over the holiday season might wash away with after-Christmas sales. USA Today has made the point that discounts seem greater than usual. The newspaper’s…
courtesy of AOL, IncThe battle between Google (NASDAQ: GOOG) and Yahoo! (NASDAQ: YHOO) for the lead in U.S. unique visitors continued into November. Once again, the portal edged out the search firm–based on desktop…
A new Pew study finds that in rural states as many as 50% of households are "wireless only," having abandoned their home phones, probably permanently.
The National Highway Traffic Safety Administration does not believe the problem of engine fires in Tesla Motors Inc. (NASDAQ: TSLA) cars is great enough to strip the electric auto manufacturer of its coveted five-star…
New research may undermine Bitcoin's efforts to be treated as a viable means of exchange for products and services. Is the use of Bitcoin as a currency as risky as many forms of gambling?
States with very small populations continue to have an unemployment edge over more populous states. The unemployment rate in North Dakota dropped to 2.6% last month.
The iPhone is about to become the hot consumer electronics product in the world's largest nation by population. Why wouldn't counterfeiters ride along?