Economy

Microsoft to Buy Mojang: Minecraft Joins Xbox, Windows Phone Video Game Platform for $2 Billion

The Swedish company was founded by Markus Persson. It has been reported by The Wall Street Journal that Microsoft is close to inking the deal to buy Mojang AB, the company from Sweden that was responsible for the creation of popular video game Minecraft.

Why Marketers are Getting Hispanic Outreach All Wrong and How They Can Get it Right

Success within the Hispanic market simply demands that small businesses and large corporations provide first-rate service. There are few underhanded tricks to sway the growing community. U.S. born Latinos, as well as those who've recently entered the country under dire circumstances, must be treated with respect, something that many marketers are still struggling to understand.

Argentina Debt: Lawmakers Pass Legislation to Sidestep U.S. Court Order, U.N. Votes to Begin Treaty Negotiations over Vulture Funds

Argentinian lawmakers passed a measure to circumvent a US court decision that led to the country's default on its debt payments to bondholders. During the same week the UN passed a resolution to begin treaty negotiations to enact a global bankruptcy and stop predatory hedge funds, 124 countries voted for the resolution, the US said no.

Fast Food Protests: Workers Want $15 Minimum Wage but Burger King Fancies Canada for Lower Taxes

US Corporations are finding in the global market that corporation taxes are too high and uncompetitive at 35 percent so they are going shopping to buy companies in other countries and moving operations to take advantage of lower corporate tax rates like Ireland's 12 percent, Canada's 15 percent or the UK's 20 percent. The practice is know as inversion and the US government doesn't like it and is calling it unpatriotic.

2014’s Best and Worst Cities for Hispanic Entrepreneurs Revealed

In recent years, Hispanics have been launching businesses at a record rate, piloting industries at twice the rate of the national rate. Business-minded and natural risk-takers, it's no surprise that Hispanics often create their own home-based and/or small business, which goes to produce in-home revenue, as well as revenue for their community.

Hewlett-Packard Bribed Russian Officials: HP Fined for Using Cash and Gifts to Win Contracts in Mexico, Poland and Russia

The computer maker was fined $58.8 million. On Thursday, a U. S. judge ordered computer maker Hewlett-Packard (HP) to pay a $58. 8 million fine for charges of bribery.

Vail Resorts Inc. Buys PCMR: Park City Mountain Resort in Utah to Become Largest Ski Season Resort in United States

Vail improves investor relations, keeps jobs the same. The litigation between Talisker Land Holdings Inc. and Park City Mountain Resort (PCMR) had been going on for three years.

Toyota Pickup Parts & Recall: Tundra Truck Owners in Mexico, Canada and US Warned About Airbag Problem and Trim Piece

Recalled vehicles will have parts inspected by technicians. On Thursday, LA Times reported that Toyota issued a recall for the newer Tundra pickups due to possible problems with its airbag.

AT&T iPhone 6/Plus Price & Data Plans: What Fans, Users Think About Carrier's iPhone Options

The mobile phone company will be providing WiFi voice calls and is allowing customers to pre-order the iPhone 6.

Box Office Results, News & Reviews 2014: A Look at the Top Disappointments of the Year

Box offices across North America are causing concern for Hollywood executives and analysts who believe that 2014 will not be able to recoup from already low sales

One More Thing... What Apple Didn't Say About its Watch: Remaining Questions (and Some Answers)

Apple's announcement of its new smartwatch, which until Tuesday had been dubbed by the tech press the iWatch, garnered a lot of excitement. But after reflection, there are a few things Apple forgot to mention -- or deliberately obfuscated -- about its new wearable device.

RadioShack Bankruptcy & Locations 2014: Electronic Retailer to Explore Options Amid Plummeting Sales

Electronics retailer RadioShack said Thursday that it may have to file for bankruptcy protection if it continues in its struggling sales

Social Security Benefits Are Only Income for 43 Percent of Retired Latinos, Immigration Reform and Minimum Wage Hike Could Help

The statistics are worrying. Forty-three percent of Latinos depend entirely on social security in retirement, according to one report.

Hispanic Investors Are Hungry for Knowledge and Want to Be Educated on Investments and Savings

Nearly 75 percent of surveyed Hispanics indicated that they wished they had learned more about managing finances when they were growing up, compared to 61 percent of U.S. investors overall. Also, 45 percent said, "no one ever taught them about savings and investing."

Immigrant Youth Need Obamacare, Affordable Care Act Healthcare Coverage, Sexual Risk Behaviors Vary by Acculturation

Based on their degree of acculturation, Hispanic millennials exhibit different levels of sexual risk behaviors. The language spoken by Hispanic millennials and their place of birth likely determines attitudes and behaviors in regards to sex, says a study conducted by the Journal of Adolescent Health.

Ebola Virus Outbreak News & Symptoms Update 2014: Gates Foundation Commits $50 Million to Fight Disease

Gates Foundations commits $50 million to Ebola virus outbreak A $50 million contribution to support an emergency response to the Ebola outbreak in West Africa was announced Wednesday by the Bill & Melinda Gates Foundation, the Associated Press reported.

US Latino Unemployment Rate: 1.9 Million Latinos Unemployed But Millions More Not in Labor Force, Says Report

The U.S. Latino unemployment rate has declined based on the Bureau of Labor Statistics' August report, but the number of people employed and not in the labor force depict a different picture.

Internet Slowdown Day Hits as FCC's Tom Wheeler Hints at Neutrality Rules for Wireless

On Wednesday, Netflix, Digg, Reddit, Tumblr, and many others took part in an online protest reminiscent of the 2011 anti-SOPA action to protest against the Federal Communications Commission's planned new Open Internet policy and the "fast lanes" proposal associated with it. Meanwhile, FCC Chairman Tom Wheeler hinted this week at expanding Net Neutrality-type protections to wireless broadband.

Sprint CEO Marcelo Claure: Adding Customers is the Key

See what Sprint CEO Marcelo Claure thinks will turn Sprint around. In an increasingly competitive U. S. wireless market, there are four major national carriers: Verizon, AT&T, Sprint, and T-Mobile.

Employment Opportunities & Job Openings: Latino Millennials Optimistic About Future as Unemployment Figures Drop

Employment in the U.S. has been capricious of late, but the economic assault dealt by The Great Recession only helped to stagger job opportunities and heighten unemployment rates, particularly for non-whites. That said, new job numbers show that last month saw a decrease in Latino unemployment.