All Economy
Smith & Wesson: Gun sales decline, but demand is still strongFirearms manufacturer Smith & Wesson reported its net sales were down 4.6 percent Thursday, while its shares were down about 10 percent Friday. Demand for guns, however, still remains high with the looming possibility of stricter gun laws.
Look out, iPhone: Amazon Fire Phone could be a market game changer.Apple's iPhone and the Android have been competitors in the smartphone market. But the Amazon Fire Phone could be a game changer for smartphones, writes Louis Ramirez.
Darden Restaurants disappoints as Red Lobster, Olive Garden struggleDaren Restaurants聽said Friday that sales continued to slide at聽Olive聽Garden聽and Red Lobster in the latest quarter, dragging down the company's profit. Darden's struggles come as sit-down chains decline in popularity.聽
Ford recalls Escape crossovers in salt-belt states due to rustFord Motor Company has recalled Escape crossovers from model years 2001-2004 in states that use a lot of road salt. In affected vehicles, part of the car could suffer damage from rust and even lose steering control.- Minimum wage bill in Massachusetts gets Obama's praisesMinimum wage bill in Massachusetts would raise the state's per hour wage from $8 to $11. President Obama聽said Thursday he looks forward to Gov. Deval Patrick, a fellow Democrat, signing the minimum wage bill.
Tax subsidies reduce cost of health care under ACA, HHS reportsThe cost of the average federal health insurance exchange premiums has gone down from $346 to $82, thanks to tax subsidies, US Department of Health and Human Services reports. In other tax news, senators Chris Murphy and Bob Corker proposed to raise the gasoline taxes.
Entrepreneur Barbie: Mattel's famous doll gets stylish new careerMattel has launched Entrepreneur Barbie, an 'independent professional [who] is ready for the next big pitch.' As part of the doll's marketing, Entrepreneur Barbie has partnered up with eight real-life entrepreneurs.聽
GM slapped with $10 billion lawsuit, but also J.D. Power honorsGeneral Motors faced another massive recall, a congressional grilling, and a multibillion dollar lawsuit this week. But the automaker's sales continue to be strong, and newer GM drivers are among the most satisfied in the country, according to a recent J.D. Power and Associates survey.聽
North Carolina has highest car repairs costs, report findsNorth Carolina had the highest costs for car repairs at $426.45 for auto parts and labor in 2013. The national average for repairs was $392.49.
White House hails rebound of US manufacturing, but is it for real?The US manufacturing industry is coming back, a new report from the US National Economic Committee declares, but manufacturing experts aren't ready to declare victory just yet.
To save capitalism, business leaders express concerns about middle classBusiness leaders realize that their companies and capitalism are at stake, writes Robert Reich. Unless the middle class becomes stronger and more confident, businesses could face more financial trouble.聽
Dov Charney ousted as American Apparel CEOAmerican Apparel founder Dov Charney has been ousted by the brand's board of directors. Dov Charney's termination follows an ongoing investigation of alleged misconduct, American Apparel's financial woes, and several sexual harassment lawsuits.
Top 20 cities to save on hotels this summerThis summer, travelers can save money on hotels in these 20 cities. Can you guess which destination offers the deepest hotel discounts?
Touchscreen laptops' prices drop by 50 percent since 2013Touchscreen laptops' prices have decreased between 50 to 62 percent since last year. Is now the right time to buy a touchscreen laptop?
Bitcoin Bowl? Online currency to sponsor NCAA football gameBitcoin, the controversial online currency, is making another attempt to go mainstream. Bitcoin processor BitPay is now sponsoring an NCAA football bowl game: The Bitcoin St. Petersberg Bowl will be held Dec. 26 in Florida.
Mary Barra grilled by lawmakers on GM report findingsMary Barra, General Motors' CEO, appeared before a House subcommittee for the second time Wednesday, answering questions on why it took 11 years to recall millions of small cars with defective ignition switches.聽Mary聽Barra聽endured skepticism and some lecturing at the hearing.聽
Better value iMacs can be found at Apple refurb storeApple's new budget iMac is $200 cheaper than the previous version, but it doesn't come with a quad-core CPU. However, Apple customers can find better values in Apple's refurb store.
Amazon unveils its Fire Phone: Business game-changer or gaffe?The most important update offered by Amazon's Fire Phone may be Firefly, visual recognition software that allows users to point their phones at, and locate where to buy, some 100 million objects.
U.S. Marshals accidentally leak potential Bitcoin bidders listA list of potential bidders for the Bitcoin auction was accidentally leaked by the U.S. Marshals Service on Wednesday, according to the agency.
Airbnb: Bumps in 'sharing' economy. How one town 鈥� Malibu 鈥� is navigating themCommunities are trying to figure out the right balance between proponents of entities like Airbnb and Uber, and those who have pushed back hard against such enterprises. Malibu, Calif., has turned to subpoenas.
