All Economy
Six celebrities who could buy the LA ClippersAs the NBA begins the likely messy process of forcing Donald Sterling to sell his team after giving him a lifetime league ban and a $2.5 million fine, a big question looms: If the NBA and its owners can get Sterling to sell, who will be the new Clippers owner? Several famous names have already thrown their hats into the ring, including sports superstars, titans of entertainment and business, and a former child actor.
Amazon is losing business in states where it collects online sales taxAmazon and other online retailers have argued for years that they鈥檒l lose business if they have to collect sales taxes on their online transactions. According to a new study of Amazon sales, they're right, which聽may increase support by some online sellers for federal legislation to standardize sales tax collections.
Mercedes-Benz recall includes 284,000 cars with faulty taillightsMercedes-Benz recall involves聽C300, C300 4Matic, C350, and C63 AMG vehicles聽with model years between 2008 and 2011. No accidents or injuries have been reported in connection to the Mercedes-Benz recall.聽
Mega Millions winners: Florida pair claim half of a $414 million prizeMega Millions winners: Raymond Moyer and Robyn Collier have claimed their $207聽million聽prize, the聽Florida聽Lottery announced Tuesday. The jackpot was the third largest in the game's history.
Twitter stock plummets: Revenue has doubled, so what's the problem?Twitter聽Inc. posted a loss of $132.4 million in the January-March quarter, but it had 255 million monthly users at the end of March, up 25 percent from a year ago.聽
Home buying loses allure: ownership rate lowest since 1995When home buying was at its peak, the homeownership rate peaked at 69 percent. Now, the rate has fallen below 65 percent 鈥� a 19-year low 鈥� as Americans reconsider buying a home.- Silver City newspaper: Stop the presses! No, wait, don't.Silver City newspaper: Family-owned聽Silver聽City聽Daily Press Publishing Co. announced Friday that it would print its final edition on Monday. On Tuesday, the Silver City newspaper reopened under new ownership.
Lime price spike causing pain for US eateriesA case of 200 or so limes fetches between $80 and $130 now, up from about $15 last year 鈥� the result of a perfect storm of circumstances.
Pork giant cancels IPO amid soaring US prices, virusPork聽giant WH Group, which bought US producer Smithfield Foods last year, is shelving its multibillion-dollar Hong Kong IPO as investor demand sags. As US pork prices soar,聽Chinese聽pork聽prices have fallen to their lowest in years because of oversupply
Should Congress curb donor-advised funds?Donor-advised funds (DAFs) are an easy, low-cost way for people (who tend to be upper middle-class but not super-rich) to both shelter income and give to their favorite charities. Dave Camp's tax proposal holds a聽major change for these charitable vehicles, where funds currently can sit indefinitely.
Energy Future Holdings files for bankruptcy, power business will continue operatingThe company owns TXU聽Energy, a retail electricity provider, and Luminant, the state's largest power generator.
鈥楥apital鈥� offense? Best-selling book calls for progressive tax on wealth.'Capital in the Twenty-First Century,'聽by French economist Thomas Piketty 聽is a dense,聽nearly 700-page historical treatise on economics that some are saying will be remembered as a watershed moment in our understanding of money. It was the best-selling book on Amazon last week.聽
Nokia names new CEO, eyes change after quarterly loss of $239 millionRajeev Suri, the Indian-born former head of聽Nokia聽Solutions and Networks, will become Nokia's CEO on May 1.
GoDaddy exec. Christine Jones to run for Arizona governorGoDaddy executive Christine Jones聽filed nominating petitions Tuesday to enter the Republican primary for Arizona governor. The former GoDaddy exec聽called herself an 'unapologetic conservative' who will fight for gun rights, border security, and to eliminate federal intrusion into school policy.
Taco Bell breakfast a success? Yes, but...Taco Bell breakfast will succeed, but that's in part because the company's bar for success is actually quite low. Parent company Yum! Brands is aiming for Taco Bell breakfast to account for 7 percent of store sales, compared to 25 percent for McDonald's.聽
Frontier Airlines will charge economy travelers for carry-on bagsFrontier Airlines has introduced a new barebones ticket option with one big catch. Economy travelers on Frontier Airlines now have to pay extra for seat assignments and overhead bin space.聽
Toyota to Texas? Move planned to cut operating costs.Toyota to Texas move may be designed to help the automaker cut costs. The Toyota move would聽shift the majority of its California operations to Texas over a two-year period, and the聽company's 5,300+ California-based employees聽would be let go or bought out.
Nissan debuts self-cleaning paint. The end of the car wash?Nissan has debuted a new kind of paint that repels dirt, dust, and even mud, keeping cars bright and shiny without their human owners lifting a finger. But the paint is only being explored in Europe, which is good news for American car wash fans.聽
Should Donald Sterling give up Clippers? Magic Johnson could step in.Magic Johnson's ownership group has expressed interest in buying the Clippers in the wake of owner Donald Sterling's alleged racist remarks, according to a report from Yahoo! Sports. Would Donald Sterling even sell the Clippers? And could it be to anyone better than Magic Johnson?聽
Farm Hack: connecting farmers with low-cost toolsPurchasing and maintaining farm equipment is not only costly聽but can also create a barrier for聽young farmers.聽Farm Hack has turned into a national effort to connect farmers with ingenious designs that ease startup costs for farming.
