Wednesday, October 1, 2014
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A former eBay executive was sentenced Wednesday to 15 months in federal prison for insider trading tied to the Internet auction site's 2011 acquisition of a King of Prussia-based e-commerce firm.
The Street: The list factors in how much of a renter's paycheck goes toward rent, as well as the overall cost of living and inflation. Philadelphia has one of the priciest neighborhoods in the U.S., as well as a couple of the cheapest.
Economics in a nutshell: “The economy doesn’t seem to have picked up any steam in September.”
The longer the password, the better. Use letters, numbers, symbols, upper- and lowercase, few words. If you do use words, misspell some. Don't use common quotes like a poem's first line.
The Street: There were several gift ideas at NYC's Holiday Showcase event that turned heads, including a new way to refresh your clothing in only 10 minutes, a kitchen scale which is capable of thinking for you and a 21st century method for growing hair.
The Delaware River Port Authority plans to take $3.7 million from the remnants of its controversial economic-development bankroll to help pay for repairs to the Ben Franklin Bridge.
The Street: UPS got a big black eye for Christmas last year. So it's no surprise that UPS is investing in everything from trucks to distribution centers this year to prevent a repeat performance.
Continuing problems with communications software have further delayed the delivery of refurbished PATCO commuter rail cars, officials said Wednesday.
The Street: In addition to dealing with the stress of infertility, couples are often weighed down by the financial burden of treatments. Now, the power of the Internet is helping couples afford fertility treatments through crowdfunding.
As a leader in the union, he felt pressure to convince contractors to hire Ironworkers, even threatening and condoning violence.
The Street: Consumers are going to love wearable technology such as the Apple Watch in the short term, but it's going to have to prove its worth if it wants to survive.
NEW YORK (AP) - The New York Times Co. is launching another round of buyouts and layoffs, telling staff on Wednesday that it must cut 100 newsroom jobs to further reduce costs and focus resources on its digital operations. It's also axing its NYT Opinion app after four months and relegating the NYT Now app to a smartphone-only product aimed at new and younger readers, after the lower-priced subscription products failed to take off as hoped.
The Insider Q&A module sent for use as part of Money & Markets Extra for the week ending September 6 erroneously reported the estimates of Toby Shea, Vice President of Moody's Investors Service. Shea estimates the pre-tax profit of wholesale power companies such as NRG Energy and Calpine will rise 25 percent this year. The financial performance of the wholesale power subsidiaries of larger utilities such as Exelon and PSGE will begin to improve next year, not this year as reported.
Many of us hold on to an idyllic vision of our golden years, imagining we'll be in good health and living self-sufficiently in our own home.
WICHITA, Kan. (AP) - Amazon.com plans to close a distribution center in southeast Kansas in February, a move that is expected to affect hundreds of workers.
COLUMBUS, Ohio (AP) - A 911 caller who reported a man carrying a gun in Wal-Mart told state investigators he heard an officer repeatedly say "put it down" about two seconds before police shot the man, killing him, according to a summary of the interview released by the state.
DETROIT (AP) - General Motors says a new high-performance version of the Chevrolet Corvette can go from zero to 60 miles per hour in under three seconds.
WASHINGTON (AP) - The top U.S. and Chinese diplomats publicly aired differences Wednesday over the protests in Hong Kong, where students want democratic changes to the electoral system.
NEW YORK (AP) - People are quitting their jobs at a faster clip and that's pushing small business owners to work harder to hold onto top talent.
More cringing - and possibly more explanation - is in store for parents watching TV with children when the latest Viagra commercials appear on screens.
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