Archive for the ‘Economy | Finance’ Category

A “frustrated” Wisconsin Governor Scott Walker was poised on Friday to issue layoff notices to 1,500 state workers, blaming the move on a two-week standoff over his bill to curb union collective bargaining rights. The threat of layoffs increased the stakes in a bitter battle between Wisconsin Republicans and Democrats, a fight being watched around [...]

Corporate espionage, shady political motives, secret documents, closed door meetings, confidential hacking plots – there’s a scandal brewing in the cybersecurity world that has all the makings of a best-selling John Grisham novel. Three computer-security consulting firms proposed to hack left-wing nonprofit organizations on behalf of a well-connected law firm, a firm whose clients include [...]

Here’s something for your “can this possibly be for real” file this morning. Over at the Buffalo Beast — the former print alt-weekly turned online newspaper founded by onetime editor Matt Taibbi, typically best known for its annual list of “The 50 Most Loathsome Americans” — there appear to be recordings of a phone call [...]

President Obama’s proposal for the fiscal year 2012 federal budget is just that: A proposal that would have to wind its way through a Republican-controlled House and a divided Senate to become law. So there’s no sense in panicking about what’s in it and what isn’t. But here is why you need to pay attention: The wish [...]

AOL Inc will buy Arianna Huffington’s influential website for $315 million, looking to the high-profile liberal pundit to rescue it from the dustbin of Internet history. The move, announced Monday, comes at a hefty premium. AOL is estimated to be paying 32 times earnings before interest, taxes, depreciation and amortization for The Huffington Post, said [...]

Three in 10 Americans commit “financial infidelity” by lying to their spouses about money, sometimes suffering consequences such as separation or divorce, according to a new survey. The Harris Interactive online poll of 2,019 adults released on Thursday showed 31 percent of American couples who have combined finances were not truthful about issues such as [...]

The U.S. Federal Reserve’s journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right. While that day seems distant now, some economists and market analysts have even begun pondering the unthinkable: could [...]

The world’s biggest economies are working to find ways to bring down soaring food prices, a G20 official said on Friday, as top exporter Thailand vowed to keep rice supply steady and avert a repeat of the 2008 food crisis. Global food prices hit a record high last month, outstripping the levels that sparked riots [...]

Hugh Hefner, whose Playboy magazine first exposed many Americans to the possibilities of sexual freedom during the buttoned-up 1950s, is taking the bunny private. Playboy Enterprises Inc, the publisher known for its bunny ears and nude centerfolds, plans to go private in a deal that values the company at $207 million. The owner of rival [...]

Facebook is generating profits at a faster-than-expected rate, and will likely attract so many investors this year that it will have to disclose financial data similar to a publicly traded company by April 2012, according to a document distributed by Goldman Sachs. The move could set the stage for a much-anticipated Facebook initial public offering [...]