Economy

Abbot Labs to Buy Latin American CFR Pharmaceuticals for $2.9 Billion

Company will buy Chile-based CFR for $2.9 billion Abbot Laboratories announced Friday that it will buy Chile's CFR Pharmaceuticals SA for $2. 9 billion.

Facebook Friends App: MobilDuster Analyzes Your FB Friends List and Suggests Who to Remove

Free app scours your list to see who you rarely interact with. Are you one of those Facebook users with over 1,000 friends? Do you know them all? Personally, do you know them? Even if you don't know all of your Facebook friends, you likely have them on your friends list for a reason.

Latin America's Local Brands' Business Growth, By Country: Mexico's Grupo Bimbo Makes Impression; Coca-Cola No. 1

Local brands are proving to be popular across Latin America in comparison to global brands. Local brands are proving to be popular across Latin America in comparison to global brands.

iOS vs. Android Market Share in North America: BlackBerry's Decline Gives Microsoft Windows Phone 3rd Place

A study with approximately 300 million Canadian and U.S. Internet impressions found Microsoft's mobile operating system topped BlackBerry in Web traffic.

Comcast Denies Data Cap Plans, But Is It Inevitable?

Comcast Executive Vice President David Cohen has come out against a statement he made earlier in the week about the future of Comcast broadband and data usage caps. While Cohen emphasized that there are "no plans to announce a new data usage policy," the real truth is that you should expect data caps from more ISPs than just Comcast in the future.

Red Lobster Restaurants 2014: Darden Sells Seafood Chain for $2.1 Billion

Darden is selling seafood chain to Golden Gate Capital. Darden Restaurants is selling Red Lobster to Golden Gate Capital in a cash deal for $2. 1 billion, the company said Friday.

Cannes Film Festival 2014 Day 3: Ryan Reynolds' 'The Captive' Is a Bust; Sony Pictures Classics Takes Rights to Argentinean Film 'Wild Tales'

The third day of the Cannes Film Festival saw the premiere of Atom Egoyan's latest film, and the results were dismal.

FCC Spectrum Auction Impact on Hispanic-Owned Businesses: Congested Airwaves May Hinder Latino Firms

Texas has become a breeding ground for Hispanic-owned businesses and entrepreneurs, but wireless technologies appear to be a problem in targeting audiences and markets.

Goya Foods Expands Production Facilities with $250 Million Investment in 'Strategic' Four US States

The largest Hispanic-owned food company in the United States expanded its production facilities as part of a $250 million investment.

US Homebuilding Increases 13.2 Percent in April Despite Harsh Weather Across Nation

The Commerce Department said Friday that construction began on more than 1.07 million homes in April, at a rate 13.2 percent higher than in March.

Jennifer Lopez & Mario Lopez: Can Pop Culture Powerhouses Attract Acculturated Latinos to NUVOtv?

How do you get into the mindset of the modern Latino? Hire some of the most successful Latino Americans who live, breathe and consume entertainment and pop culture, like Jennifer Lopez and Mario Lopez.

Xbox One vs. PS4 Sales, Games, Price, Review: Sony, Microsoft Offer Discounts to Playstation, Xbox Users, Respectively

This week Sony has kicked off May Madness with several promotional sales for its Playstation products, and Microsoft has announced some change coming to Xbox Live Gold members.

Cannes Film Festival 2014 Day 2: Mike Leigh's 'Mr. Turner' Early Front-Runner for Palme D'Or?

The second day of the Cannes Film Festival provided the opening to one of the most anticipated films of the competition.

Samsung Gear Glass Specs, Review and Release Date 2014: Samsung Could Unveil Gear Glass in September

To compete against the likes of Google, technology manufacturing giant Samsung is poised to release its own version of the Google Glass device as early as September.

FCC Says 2015 Spectrum Auction Isn't Just for the Big Guys

The FCC may be on the front pages for its take on net neutrality but agency regulators quietly voted in a rule Thursday for the 2015 spectrum auction that has major telecom companies AT&T and Verizon steamed. Why? They won't be able to buy as much spectrum as they'd probably like.

T-Mobile and Univision Team Up for Latino-Based Wireless Service Plan

It's a well-known fact that Latinos are some of the foremost consumers of mobile technology and T-Mobile aims to please with the announcement of a new wireless service with Univision called Univision Mobile.

Chipotle Short Story Cups: Toni Morrison, Judd Apatow, and Malcolm Gladwell to Be Featured Authors

Famous authors' short stories will be printed on cups. Chipotle Mexican Grill is embracing on-table entertainment, not with trivia boxes or newspapers, but with short stories, printed on their cups.

Hundreds of Fast Food Workers Stage Protest, Strike Over Minimum Wage Debate

Hundreds of fast-food workers in a several U.S. and international cities joined the minimum wage debate Thursday by staging a walk off from their jobs and demanding a $15-an-hour wage.

911 Text Message: New FCC Program Allows Users to Text 911 During Emergencies; Four Major Cellular Providers Agree to Participate

New way to inform dispatchers of emergency. Beginning Thursday, those needing to contact 911 for an emergency will now be able to send a text message. This could be especially useful for someone who is deaf, hard of hearing or in a dangerous situation where calling 911 isn't possible.

Netflix Movies Online 2014: Company Accounts for More Than a Third Of North America's Internet Streaming

The traffic that Netflix generates has grown substantially over the years as it now accounts for more than 34 percent of the wired downloads on the Internet in North America.