Debtors Prison

Donald Sterling faces $662 million tax bill

By Bill Bischoff The original version of this column incorrectly stated the gain at two points in the story. It has been corrected. The Los Angeles Clippers NBA franchise is being sold to Steve Ballmer, the former Microsoft MSFT -0.21% chief executive, for a cool $2 billion, according to […] Click here to view original web page at www.marketwatch.com Read More »

Google Spending $1 Billion on Internet Satellites

Google (GOOGL) is planning to spend at least $1 billion on a fleet of satellites, according to a report from The Wall Street Journal. The goal of the project is to provide Internet access throughout the world.                   Click here to view original web page at www.foxbusiness.com     Read More »

World Economy: Euro-Zone Manufacturing Slows

The annual rate of inflation in Germany almost halved in May, heightening concern that the euro zone confronts a prolonged stretch of excessively low inflation that could derail its fragile recovery. The sharp drop in the inflation rate came as business surveys released Monday showed that manufacturing activity in […] Click here to view original web page at online.wsj.com Read More »

1 in 8 American Men of Prime Working Age Not in Labor Force

A record number of men ages 25 through 54 are not in the labor force, according to an analysis of government data by Senate Budget Committee Republican staff.  According to the analysis of Bureau of Labor Statistics data, there are 61.1 million American men of those prime working ages, but […] Click here to view original web page at www.breitbart.com Read More »

Consumer Spending in U.S. Unexpectedly Declines

Consumer Spending in U.S. Unexpectedly Declines

May 30 (Bloomberg) — Consumer spending unexpectedly fell in April after the biggest surge in almost five years as incomes slowed, a sign the largest part of the U.S. economy will take time to accelerate. Michael McKee reports on Bloomberg Television’s “In The Loop.” (Source: Bloomberg) Related Consumer spending […] Click here to view original web page at www.bloomberg.com Read More »

U.S. companies seek cyber experts for top jobs

NEW YORK (Reuters) – Some of the largest U.S. companies are looking to hire cybersecurity experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly worried about hacking threats. JPMorgan Chase & Co, PepsiCo Inc, Cardinal Health Inc, Deere & […] Click here to view original web page at www.reuters.com Read More »

Stocks could fall 20% as ‘QE fluff’ comes out of the market

Stock investors, brace yourselves for a nasty correction. The S&P 500 SPX  could fall 15% to 20% this year as the Federal Reserve stops buying bonds, according to Peter Boockvar,chief market analyst at The Lindsey Group. Related: How to know if the stock market has reached a top The chart […] Click here to view original web page at blogs.marketwatch.com Read More »

U.S. economy contracts in first-quarter

WASHINGTON (Reuters) – The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded. The Commerce Department on Thursday revised down its growth estimate to show gross […] Click here to view original web page at www.reuters.com Read More »

Apple Agrees to Buy Dr. Dre’s Beats Electronics for $3 Billion

Apple Inc. agreed to buy Beats Electronics LLC for $3 billion, its biggest-ever acquisition, nabbing a popular line of headphones and a nascent subscription music-streaming service as the iPhone maker seeks to rev up growth. Beats founders Dr. Dre and music-industry executive Jimmy Iovine , will join Apple, according […] Click here to view original web page at www.bloomberg.com Read More »