Mitt Romney’s rivals put his corporate record under the microscope in a Republican presidential debate Monday, with most of his GOP opponents looking to dislodge the party’s frontrunner from his perch ahead of South Carolina’s primary on Saturday. The issue of poverty also factored prominently into the Martin Luther King Jr. Day match-up where a [...]
Full Story »
Zappos.com – the online source for shoes – was the victim of an attack that compromised account information for millions of customers. Zappos customers need to understand what is at stake, and be on alert for suspicious or malicious activity resulting from the attack. In a letter to Zappos customers, CEO Tony Hsieh explains that [...]
Full Story »
The euro is losing the relationship with riskier assets that underpinned the currency in 2011 as the deepening sovereign debt crisis reduces the creditworthiness of even the biggest economies in the region. The 17-nation currency has fallen 8.6 percent against the dollar since October, while the Standard & Poor’s 500 Index has gained 2.4 percent, [...]
Full Story »
Opponents of controversial federal anti-piracy legislation known as SOPA seem to be picking up steam. Supporters of the legislation in both houses of Congress appear have backed off, the Obama administration has expressed concerns with the legislation, and an Internet blackout slated for Wednesday is picking up supporters. A House subcommitte was slated to prepare [...]
Full Story »
Thousands of volunteers have raced to collect signatures near busy intersections and malls all over Wisconsin, at makeshift “drive-through” operations in parking lots, during Green Bay Packers viewing parties and New Year’s Eve pub crawls, and even at a fold-up table inside Milwaukee’s airport just off Concourse C. By a state deadline on Tuesday, these [...]
Full Story »
Senate Majority Leader Harry Reid said Sunday in a rare television interview that his Republican counterparts in the Senate are guilty of “obstructionism on steroids” and that the tea party is slowly “dying out.” “First of all, I understand the frustration of the American people,” the Nevada senator said on NBC’s “Meet the Press.” “I [...]
Full Story »
A Malaysian company’s plan to build a $4 billion convention center and big-time casino on the outskirts of New York City could be the biggest shot fired yet in a tourism arms race that has seen a growing number of Eastern states embrace gambling as a way to lure visitors and drum up revenue. New [...]
Full Story »
President Barack Obama’s request for authority to streamline U.S. executive agencies was greeted with skepticism from congressional Republicans while Democrats questioned elements of his reorganization plan. The president said yesterday he wants to be able to undertake any consolidation that would save money and shrink government, subject to a “fast-track” vote of approval or disapproval [...]
Full Story »
The White House waded into the red-hot online piracy debate with a statement Saturday that won’t satisfy either side. In a blog post penned by three administration officials, the White House said it opposes any bill that would make it easier for government to censor the Web or make the Internet less secure, but it [...]
Full Story »
It was only a few nights after the Occupy protesters began sleeping in his church sanctuary when the Rev. Bob Brashear realized that his laptop was missing. The refugees from Manhattan’s Zuccotti Park had found their way to his cavernous Presbyterian church on a cold winter evening, hoping to stay for a few nights, maybe [...]
Full Story »
While President Barack Obama has been touting the importance of “insourcing” jobs into the United States (as opposed to outsourcing jobs overseas), the U.S. Chamber of Commerce reminded America on Thursday that Obama recently rejected one of the most prominent and beneficial insourced opportunities: the Keystone XL pipeline, which would carry tar sand oil through [...]
Full Story »
The texts of Barack Obama’s recent speeches seem tailor-made for softening the White House’s often hostile description of American business, but the president’s impromptu additions are highlighting his efforts to subordinate business to government. At a Jan. 11 event in the White House where Obama’s published speech praised businesses for hiring American workers, for example, [...]
Full Story »
There was growth across the US at the end of 2011, according to one of the most positive sets of reports in months from Federal Reserve business contacts. Seven of the 12 Fed districts reported “modest” growth, four others reported moderate or accelerating growth, and only the Richmond district was downbeat saying that “activity flattened [...]
Full Story »
Just like many Americans, the maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to take a bite out of its high costs as it heads back into bankruptcy protection for the second time in less than a decade. Hostess has enough cash to keep stores [...]
Full Story »
For months David Axelrod, President Obama’s longtime senior strategist, has argued with evident anticipation that Mitt Romney offers a glass jaw when he boasts that his business record sets him apart as a presidential candidate. Now Mr. Romney’s Republican rivals have beaten the Obama team to the punch, and Democrats could hardly be more pleased. [...]
Full Story »
