All Economy
- IBM layoffs expected. Instead, IBM adds 500 positions.IBM layoffs have been put on hold, says union of IBM workers. Instead of layoffs, IBM announced this week that it's adding 500 jobs in Buffalo.
Can Bitcoin survive? Debate rages, but experts say regulation is possible.The closure of Bitcoin exchange Mt. Gox has rattled the market for the crypto-currency and sharpened the debate over whether it can be regulated without tarnishing its appeal.
Britain's trendiest food is... the hot dog?Popularity in the hot dog is soaring these days, as customers develop a taste for a meal that is relatively cheaper than other menu options, plus gets the gourmet treatment from British restaurants.- Determining the cost of car maintenanceFiguring out how much a car will cost to maintain over its lifetime can be tricky -- but Dealnews.com reports on an effort that collected driver data from 30 million people and their automobiles to see where problems with the vehicles were most likely to appear.
Sick of Mt. Gox and Bitcoin? Here are four alternative cryptocurrenciesWith Bitcoin's recent woes, topped off by a potential Mt. Gox shut down, some are looking at the growing list of alternative digital currencies.
Chicago Fed: National economic activity slowed in JanuaryThe Chicago Fed reported that its National Activity Index showed economic growth slowed in January due to declines in production-related areas. However, the agency reported that the national economy has been growing over the past several months.
Tesla Motors (TSLA) eyes battery factory to boost electric car productionAutomakers and consumer electronics manufacturers increasingly turn to lithium-ion batteries to power their products. After Tesla Motors (TSLA) reportedly consumed a significant chunk of battery output produced in 2013, the company may begin working with other manufacturers to produce their own battery supply.
Honda to end Insight hybrid productionFacing lagging sales and stiffer competition from Toyota's Prius models, Honda reportedly has pulled the plug on its own Insight hybrid.聽- Levin: Time for IRS to tackle Swiss bank tax evasion. Again.IRS loses billions of dollars in taxes by failing to go after Credit Suisse, a Senate panel charges, allowing Americans to continue using Swiss bank accounts to avoid paying US taxes. Of estimated 22,000 US clients, Swiss bank has divulged names of 238.
Arizona's 'religious freedom' bill. How much would it cost the state?Business leaders fear the 'religious freedom' bill allowing firms to refuse to serve gay customers could have serious consequences for Arizona. Topping their concerns: the fate of the Super Bowl.
Spring break deals: How to save the most on travelSpring break deals can be hard to come by between February and April, but there are savings to be had. Booking at the right time and being willing to take a layover can lead to great spring break deals.聽
TSLA: Tesla Model S named Consumer Reports 'Best Overall' vehicleTesla Model S won Consumer Reports' 'Best Overall' vehicle award, beating out cars from traditional automakers like Ford and Chevrolet. The Tesla Model has been a Consumer Reports favorite since it joined the fleet last year.聽
Home prices see biggest gains since 2005, and no bubble in sightHome prices rose 11.3 percent nationwide in 2013 鈥 the biggest year-over-year jump in eight years, a new report shows. That brings prices to levels last seen when the housing boom was in full swing.
GOP House tax plan will be released this weekThe House will release a tax plan on Wednesday that聽would cut the top individual tax rate to 25 percent. Read on for the GOP's tax proposal and and teh rest of today's tax news.- Waffle Taco headlines Taco Bell breakfast debut next monthWaffle Taco is going national: Taco Bell breakfast makes its debut next month with offerings like the A.M. Crunchwrap and the Waffle Taco. Can Taco Bell topple McDonald's from its fast food breakfast throne?聽
Bitcoin heist darkens Mt. Gox exchange; massive theft reportedBitcoin heist: Exchange Mt. Gox is offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. The bitcoin heist may have lifted more than 740,000聽bitcoins from the exchange, which froze withdrawals earlier this month.
Netflix cuts deal with Comcast for faster, more reliable serviceThe landmark Netflix/Comcast deal marks the first time that a content provider has paid fees to improve Internet service. It's a game changer for the Internet, boosting service providers.- Laptop deals: Save $450 on multimedia-friendly computersLaptop deals this week include the HP Envy 15, Lenovo's IdeaPad Yoga 2 Pro, and a Dell desktop replacement. But to get four of the best laptop deals, you'll need a coupon. See below.
Existing home sales plunge in JanuaryExisting home sales fell 5.1 percent since December and 5.1 percent below the level seen in January 2013.聽
Olympians called on to renounce McDonald's sponsorshipMcDonald's is one of the chief corporate sponsors of the Olympics, but a group of advocates are calling on US medalists to renounce McDonald's endorsement deals.聽
