Economy

Bias in Banking: Minority Business Owners Suffer More Scrutiny, Offered Less Help

When Latino and black entrepreneurs enter banks to secure a loan to jumpstart their small businesses, they are given less information, asked more questions regarding their personal finances, and are offered less help with their application than white loan applicants.

Supreme Court's Knockout Blow: Aereo's Whole Business Violates Copyright Law

The Supreme Court effectively destroyed Aereo's fundamental business strategy Wednesday, but Aereo's technology could survive and make Internet media better.

Nina Vaca, CEO of Pinnacle Technical Resources, Champions Entrepreneurship Worldwide

Named one of the 101 Most Influential Latinos in America by Latino Leaders Magazine for the past three years, the Ecuadorian-American entrepreneurial trailblazer is living proof that having it all is possible. In addition to her impressive resume, Vaca is the mother of four children, an entrepreneur who came from humble beginnings, a tri-athlete and a small business advocate who helps represent more than 3.1 million Hispanic businesses in the country.

Whole Foods Fined $800,000 for Overcharging Customers: Investigation Finds Items Were Mislabeled to Appear Lighter

There is no word on refunds to consumers yet After an investigation proved that Whole Foods Markets Inc. was overcharging California customers, the Austin, Texas-based company agreed to pay $800,000 in penalties.

Stocks Rebound on Wednesday; Investors Confident in Second Quarter Numbers

Wednesday report shows expansion in service sector. Stocks recorded positive gains Wednesday after a report showing expansion in the service sector created an uptick in the major stock indices.

AT&T, DirecTV CEOs to Congress: $48.5B Merger Won't Guarantee Lower Prices

Executives representing AT&T and DirecTV were grilled by members of congress on Tuesday when they proposed a $48.5 billion merger that Democratic critics and public interest groups fear will result in higher costs and less competition.

Lost in Translation: Maryland Man Suing British Airways for Sending Him to Grenada, Caribbean, Not Granada, Spain

A dentist from North Bethesda, Maryland is suing British Airways for flying him to Grenada in the Caribbean (northwest of Trinidad and Tobago and northeast of Venezuela), instead of his planned destination, Granada, Spain.

Elon Musk's SolarCity Acquires Panel Manufacturer Silevo, Expands NY Factory

Billionaire jack-of-all-trades Elon Musk announced last week that residential solar panel company SolarCity would be acquiring high-quality solar panel manufacturer Silevo in a move that involves the creation of one of the largest solar panel factories in the world.

AT&T to Lawmakers: Our Merger Is Different

AT&T took its argument for a merger with DirecTV to lawmakers Tuesday, arguing that the deal is different than other mergers in the industry, including a potential one between Sprint and T-Mobile.

World Cup Fans Flock to Buffalo Wild Wings, Company Shares Hit All-Time Highs

Stock jumps Monday after soccer fans head to restaurants to enjoy matches Soccer fans are showing up in record numbers at Buffalo Wild Wings locations to watch the World Cup Matches, and it's helping the company's stock hit an all-time record high.

Cable vs. Streaming: Cable, Satellite TV Still Popular, Streaming Services Gain Ground With Millennials

With Hulu and Netflix viewership gaining speed, cable and satellite operators could see a decline in their industry. According to Harris Interactive, cable and satellite companies shouldn't worry much as three-fourths of U.S. adults stated they regularly watch television through their providers.

Venezuelan Starts Online English-Language School, Targets Latin America's Growing Internet Population

Venezuelan Andres Moreno founded Open English, an online English language school targeted toward Latin Americans with classes running 24/7, back in 2008. Now, the school is worth an estimated $350 million and has 100,000 students.

US Home Sales Hit 6-Year High in May: Larger Impact from Hispanic Homeowners as Consumer Confidence Increases

Consumer confidence reached new heights in June with levels not seen since January 2008. According to the Consumer Board, via MarketWatch, consumer confidence hit 85.2 percent in June, which is the highest percentage since lows during the early recession six years ago.

World Cup 2014 Advertising Views on YouTube Top NFL Super Bowl Videos: Brazilians Viewing More Soccer Videos than US, Mexico

The 2014 World Cup has attracted more advertisement views than NFL's Super Bowl on YouTube. The 2014 World Cup has attracted more advertising views on YouTube than the NFL's Super Bowl.

Jailbreak iOS 7.1 Untethered Cydia Tweaks, News, Download, & Update: Will Evad3rs Release an iOS 8 Jailbreak?

The iOS 8 release might make it hard to Jailbreak. Apple doesn't want hackers to jailbreak iOS devices. They've tried to release updates and increase the security to prevent jailbreakers.

FIFA World Cup Sponsors: Budweiser Partnership Changing Alcohol Bans in Brazil, Russia 2018, Qatar 2022

Soccer fans can be passionate, particularly across Latin America. Unfortunately, that passion sometimes escalates to violence and death. In 2003, Brazil outlawed the sales of alcoholic beverages in soccer stadiums. For FIFA, the alcohol sales ban hindered one of the organization's major sponsors: Budweiser.

Honda Cars & Recall 2014: Airbag Issues Affect More Than 2 Million Vehicles

Airbag inflaters coming from Japanese company could cause airbags to rupture A potential faulty airbag system is forcing Honda to recall over two million vehicles worldwide.

Hispanic Millennials More Comfortable Than Peers With Financial Technology, Mobile Banking

Ninety percent of Hispanic millennials said they use online tools/phones for their daily banking activities. Forty-four percent of Hispanics use mobile banking applications and sites, compared to 29 percent of the general population. Young Hispanics often engage in banking activities such as balance inquiries, bill payments, quick payments and much more.

American Apparel Seeks to Can CEO Dov Charney [Video]

American Apparel is looking to fire CEO Dov Charney for matters relating to his 2011 sex scandal, as well as for violating other company policies.

Sprint and T-Mobile Merger: $40 Billion Deal Gets Financing for August

According to a new Reuters report, eight banks, including international banks JPMorgan Chase & Co, Goldman Sachs Group, Deutsche Bank AG, Bank of America Merrill Lynch and Citigroup Inc, have agreed to help finance the acquisition of T-Mobile. All in all we're looking at a $40 billion deal, $8 billion more than previously thought.