Economy

AT&T Sells Stake in America Movil to Carlos Slim for Merger With DirecTV

AT&T has agreed to sell its holdings in Mexican telecommunications company América Móvil to Carlos Slim's holding company Inmobiliaria Carso in a move that sets up the Dallas-based wireless operator to acquire DirecTV.

iPhone 5s vs. iPhone 5c Price, Specs & Update: Wal-Mart Reduces Cost of Phone; Apple Lowers Price of iPod Touch

Latest iPhone slashed in price by Wal-Mart To encourage buyers to upgrade their devices before Apple announces new products, Wal-Mart and Apple are slashing prices on iPhones and iPods.

China News: Simon & Schuster Blame Chinese Publishers' Fear of Government for 'Effective' Banning of Memoir by Possible 2016 Presidential Candidate Hillary Clinton

Hillary Clinton's memoir, "Hard Choices," is not available in China because Chinese publishers have put an "effective ban" on it, Simon & Schuster executives said.

Mercedes, Infiniti to Build Cars in Mexico

Luxury automakers have agreed to build cars in plant near Guadalajara. Daimler and Nissan on Thursday completed a joint venture deal to build Mercedes and Infiniti cars in Mexico, sources close to the deal have told Reuters.

Sprint CEO Says Merger With T-Mobile Beneficial to Customers

A merger between Sprint and T-Mobile would benefit customers, Sprint Chief Executive Officer Dan Hesse recently said in an interview with CNET, by providing a stronger third competitor that can provide coverage options different from AT&T or Verizon.

U.S. Official Puts Pressure on High-Frequency Trading With Barclays Suit

The U.S. took its first stab at high-frequency trading, in the form of a civil suit from the New York attorney general.

US Consumer Spending Increases in May: Hispanics’ Trillion-Dollar Spending Power, Interest Identified as Jobless Rates Falls

Consumer spending in the United States improved in May, but the figures are considered "weak."

Alibaba IPO: Chinese Internet Giant Will Trade on NYSE Under 'BABA'

Alibaba, the Chinese Internet commerce giant coming to U.S. markets soon in the form of an initial public offering, just unveiled which exchange the much-anticipated stock will trade on. The New York Stock Exchange won the big name in yet another step toward a huge IPO.

GM Vehicle Recall: Car Manufacturer Set to Recall 33,000 Chevy Cruze Cars, Airbag Issue Cited

Takata airbags are blamed for another recall. General Motors is set to recall 33,000 Chevy Cruze cars from the model years of 2013-2014 because of potentially defective airbags.

FIFA World Cup 2014: Pharrell, Roberto Cavalli, and Missoni Redesign World Cup Soccer Balls for Charity

Highly acclaimed designers Pharrell Williams, Roberto Cavalli, Missoni, and Rick Owens have redesigned the official soccer balls from FIFA World Cup 2014 to raise money for a good cause.

T-Mobile and Sprint Offer Customers Test Drives

Following in T-Mobile's footsteps, Sprint announced earlier this week that it would also be offering a 30-day trial period for customers to try out its faster network, highlighting the aggressive mentality of the underdogs in the U.S. wireless industry.

Massachusetts Gov. Patrick Signs Minimum Wage Increase Into Law

By 2017, the state's minimum wage will be $11 per hour, the highest in any state. IKEA, meanwhile, raises its average base wage.

IKEA to Increase Minimum Wage for U.S. Workers

The company's average wage in the U.S. expected to be $3.51 higher than federal minimum IKEA is the latest retailer to up its company-wide minimum wage for U.

Google Glass Updates: New Stylish Design Offered by Net-A-Porter, More RAM in Future

Google Glass will be built into stylish Net-A-Porter eyewear. Google is making some improvements and updates to its Google Glass eyewear, including more RAM, easier photography and introducing a third party eyewear company to include Google Glass in their product offerings.

Minorities, Millenials Play Key Role in Housing Growth

The housing market continues its upward rise and will depend on both minorities and millenials. Six years since the economic downturn known as the Great Recession, the U.

GoPro Camera Debuts on Wall Street With IPO

New GoPro stock (GPRO) opens at $28.65. GoPro, the company known for its cameras that allow extreme athletes, active individuals and more to capture videos, went public Thursday morning.

Macbook Pro Retina vs. MacBook Air 2014 Specs, Features, Price & Comparison: Which System Is Right for You?

Which model should you plunk down your cash for? Let's see if we can help you decide. Ah, the MacBook. Aluminum unibody construction. Amazing AppleCare Protection Plan.

Soda in New York: Court Removes Ban on Large Sugary Drinks

The New York State Court has ruled that the NYC Health Department doesn't have the authority to ban large sugary drinks.

Diversity in Tech: Facebook Publishes Diversity Report & White Men Lead Senior Levels of Social Network Company

Following in the footsteps of Google, Yahoo and LinkedIn, social network Facebook released its diversity statistics report, and it also continues the excessive white male employee trend.

Wii U Video Game Sales & News Update: Could Gamepad Enhancements Boost System Sales?

It was written in blood: The Wii U was dead. It was written in blood: The Wii U was dead. Nintendo had less than stellar console sales before (Gamecube), but Wii U looked to be a sad sequel to the greatest console flop of them all: the Dreamcast.