Business

Business
2:26 pm
Mon September 9, 2013

Net Neutrality In Court: Here's What You Need To Know

The future of the Internet is at stake in a case before a D.C. court.
Hoang Dinh Nam AFP/Getty Images

Originally published on Mon September 9, 2013 3:27 pm

The beauty of the Internet — and the reason for its ubiquitous place in our lives — is that just about anyone can use it to offer services, products or information. But the link between what's out there on the Internet, how fast it gets to us and how much data can get to us is dependent on Internet service providers and the rules that govern them. That's where things get thorny for the principle of net neutrality.

If your eyes are already glazing over, consider this: This debate could affect the speed, quality and cost of your Hulu or Netflix binge-viewing.

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Business
5:10 pm
Sat September 7, 2013

Baltimore Officials Want To Unplug Phones-For-Cash Kiosks

EcoATM kiosks dispense cash in exchange for used cellphones, MP3 players and tablets.
ecoATM

EcoATMs take old cellphones, MP3 players and tablets in exchange for cash. But the automated kiosks, operating 650 machines in 40 states, are getting bad reviews from police, who are concerned the machines are a magnet for thieves.

The transaction is fairly simple. The machine walks you through the process, scanning your ID to certify you're over 18 and verify your identity. An ecoATM employee inspects the transaction remotely in real time. Once the seller's identity is verified, the kiosk takes the device and assesses its value. You get the cash, and the device is recycled.

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Business
8:38 am
Fri September 6, 2013

Jobless Rate Ticks Down To 7.3 Percent; 169,000 Jobs Added

A recruiter for Cigna greets a job seeker at a career fair in Philadelphia over the summer.
Mark Makela Reuters /Landov

Originally published on Fri September 6, 2013 2:30 pm

The nation's jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.

The figures were roughly in line with what economists had been expecting to hear.

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Business
7:23 am
Tue September 3, 2013

For Microsoft, Nokia's Phones Are 'Key To Everything'

That's a Nokia Lumia 820 smartphone snapping an image of a Windows icon.
Dado Ruvic Reuters/Landov

Originally published on Tue September 3, 2013 12:52 pm

Here's why Microsoft says its $7.2 billion deal to buy Nokia's smartphone business as well as that company's patents and services makes sense.

"It all starts with the phone," writes PCWorld, in a piece that analyzes why "the phone is key to everything."

According to the magazine:

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Business
9:21 am
Thu August 29, 2013

Economy Was Stronger Than Thought In Second Quarter

Stronger-than-thought exports produced stronger-than-thought economic growth in the spring. (2010 file photo from the Port of Miami.)
Joe Raedle Getty Images

The U.S. economy expanded at a 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis said Thursday.

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Business
8:12 am
Thu August 29, 2013

Largest Strike So Far By Fast-Food Workers Set For Thursday

Outside a Taco Bell restaurant in Warren, Mich., early Thursday, supporters of the push by fast-food workers to raise the minimum wage were marching.
Jessica J. Trevino MCT/Landov

Originally published on Thu August 29, 2013 9:45 am

Organizers say workers at fast-food restaurants in cities across the nation will walk off their jobs Thursday in what's expected to be the largest such strike so far, The Associated Press writes.

As the wire service adds:

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Business
4:45 am
Thu August 29, 2013

In Colombia, Starbucks To Take On Juan Valdez

Drew Angerer AP

Originally published on Thu August 29, 2013 1:07 pm

Seattle-based coffee giant Starbucks has announced it's going to expand to Colombia.

The country is known for its Arabica beans and for the mythical coffee farmer Juan Valdez. He's helped sell Colombia's coffee for 50 years. Starbucks has cafes in 50 countries. And now, it's coming to perhaps the country most associated with coffee.

Howard Schultz, the company's chief executive, announced that the first shop will open in Bogota in 2014, followed by 50 more cafes and in other cities over five years.

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Business
5:13 pm
Wed August 28, 2013

The Latest Frontier In Gourmet Salt, From The Lowest Point On Earth

An Israeli man bathes in the Dead Sea. Spas have long touted the health benefits of the Dead Sea. So does Naked Sea Salt.
Sebastian Scheiner AP

Originally published on Sun September 1, 2013 8:34 am

When you go to the Dead Sea for a float in its extraordinarily buoyant waters, signs warn you not to drink a drop. "Did you swallow water?" one Dead Sea do's and don'ts list asks. "Go immediately to the lifeguard."

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Business
2:54 pm
Tue August 27, 2013

Facebook: U.S. Wanted Data On 20,000 Of Its Users This Year

Facebook has issued a report on government requests for its user data.
Flickr Scott Beale

Originally published on Tue August 27, 2013 7:22 pm

In its first "Global Government Requests Report," Facebook has released details on the number of requests it has gotten from government agents for user data.

Facebook reveals that governments around the globe have made 38,000 total requests for user data in the first half of 2013, and the U.S. dwarfs the rest of the world in requests. Up to June 30, the U.S. government asked Facebook for access to accounts of between 20,000 and 21,000 users, the company said.

Facebook has more than 1.1 billion users globally.

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Business
10:22 am
Tue August 27, 2013

Tesla Sales Hum In California, Beating Porsche, Land Rover

Tesla Motors has outsold several luxury carmakers in California in 2013, on the strength of its Model S, seen here in the foreground. The Telsa Roadster is behind it.
James Lipman Telsa

Originally published on Tue August 27, 2013 12:33 pm

It's been a good year for Tesla Motors, the luxury electric car maker, particularly in California, where it's selling more cars than Porsche, Jaguar, Lincoln, or Buick. In 2013, the company has sold 4,714 cars in the state, according to the California New Car Dealers Association.

Here's a rundown of the state's vehicle sales rankings:

  • Tesla: 4,714
  • Porsche: 4,586
  • Land Rover: 4,022
  • Volvo: 2,982
  • Lincoln: 2,230
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Business
10:16 am
Tue August 27, 2013

Latest Economic Signs Point To Slow, Steady Growth

A home construction site in Oceanside, Calif., earlier this month. Home prices continue to rise across the nation, though the pace appears to have slowed.
Mike Blake Reuters/Landov

Two key economic indicators — home prices and consumer confidence — both seem to signal that slow, steady economic growth lies ahead.

Tuesday's reports:

-- Confidence. The Conference Board's widely watched consumer confidence index increased only slightly in August, to 81.5 from 81 in July, the business research group says.

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Business
12:54 pm
Mon August 26, 2013

First Female Member Of New York Stock Exchange Dies

Muriel Siebert stands on the trading floor of her discount brokerage and underwriting firm in New York on May 9,1995. Siebert died Saturday in New York. She was 80.
Wyatt Counts AP

Originally published on Mon August 26, 2013 12:41 am

The first woman to buy a seat on the New York Stock Exchange and head one of its member firms has died.

Muriel "Mickie" Siebert died Saturday in New York at age 80, The New York Times reports. The cause was complications of cancer.

Here's more from The Times:

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AUGUST 2013
5:46 pm
Fri August 23, 2013

Social Security Rules and Strategies

Social Security
money.cnn.com

We often get questions about Social Security rules and strategies. Commonwealth Financial Network provides some excellent advice about when to apply for Social Security.  Don't miss it.  

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Business
8:58 am
Tue August 20, 2013

Samsung Under Fire For Alleged Brazil Labor Violations

A man holds up a Samsung S4 smartphone against a video screen. Samsung is accused of labor violations in Brazil, home to its largest manufacturing operation.
Dado Ruvic Reuters /Landov

Originally published on Tue August 20, 2013 9:15 am

We told you recently about new allegations of violations at three Chinese factories that make Apple's popular iPhones and iPads. Now, we have more allegations of labor violations – this time against Apple's main rival, Samsung, and its operations in Brazil.

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Business
2:46 pm
Mon August 19, 2013

The End Of Buttons: The New Gesture-Control Era

BlackBerry smartphones on a table during a "BlackBerry Brunch" in June in Berlin.
Timur Emek Getty Images

Originally published on Mon August 19, 2013 6:58 pm

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Business
2:56 am
Thu August 15, 2013

Pent-Up Demand Is Boosting Home Sales, But Can It Last?

Carpenters work on a housing site in Brandywine, Md., on May 31. Pent-up demand for homes could create jobs and help the struggling U.S. economy.
Gary Cameron Reuters/Landov

Originally published on Thu August 15, 2013 2:33 pm

Six years ago, the U.S. housing market plunged off a cliff. Now prices are bouncing back up — sharply in many markets.

That has some real estate analysts saying 2013 may mark the turning point — when pent-up demand will revive the housing sector and boost the broader economy.

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Business
3:08 am
Mon August 12, 2013

Too Much, Too Fast: China Sees Backlash From Massive Growth

Originally published on Mon August 12, 2013 11:25 am

At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there's no question that its economy is growing more slowly these days.

Just ask Yan Liwei, a salesman for a construction materials company, who was visiting a park in Shanghai this weekend.

"The number of new construction projects is declining somewhat. It's taking longer for many of our clients to pay us what they owe," Liwei says. "Many small and midsized developers are feeling a cash crunch."

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Business
9:02 am
Tue August 6, 2013

Will 'The New York Times' Be Next To Be Sold?

The New York Times' front page on Tuesday.
NYTimes.com

Originally published on Tue August 6, 2013 10:26 am

After Monday's surprising news that Amazon.com founder Jeff Bezos is buying The Washington Post for $250 million — a deal that came just days after the Boston Globe was sold for $70 million to Boston Red Sox owner John Henry — a question naturally occurs:

Who's next?

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Business
3:30 am
Tue August 6, 2013

Ski Resorts Find Ways To Stay Busy When There's No Snow

In the summer, Snowmass ski resort in Colorado rents bikes instead of skis. It's an effort to create year-round revenue during a time when most ski resorts are closed.
Jeremy Swanson Aspen/Snowmass

Originally published on Tue August 6, 2013 10:50 am

With sizzling temperatures in much of the country, tourists are turning to mountain ski resorts to find relief. Resorts from Colorado to California and Oregon are on track to set a record this year for summer business.

Brandon Wilke is spending a long weekend at a resort just down the road from Aspen, Colo. He came for a wedding, but Wilke and his brother-in-law decided to bring their mountain bikes and try out some bike trails at the Snowmass ski resort. At first, Wilke says he didn't know mountain biking was an option.

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Business
9:03 am
Mon August 5, 2013

The New York Times Co. Agrees To Sell The Boston Globe

A man walks out of The Boston Globe headquarters on Feb. 20, the day The New York Times Co. said it planned to sell the paper.
Darren McCollester Getty Images

Originally published on Sat August 3, 2013 3:11 pm

The New York Times Co. has announced the sale of The Boston Globe to the principle owner of the Boston Red Sox for $70 million, a sum that represents a fraction of the $1.1 billion paid for the flagship newspaper two decades ago.

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