Jobs Report Summer Chill for Economy?
Is a spring and summer chill ahead for the US economy? After this week’s upbeat reports on surging home prices and reasonably solid consumer spending, ADP, the payroll firm, released gloomy numbers on job creation just two days before the Labor Department’s April employment survey…. Read More »
EmailCheaper Gas Predicted for Summer Driving
Morning Business Memo…. Gas prices usually head higher during the spring and summer but not this year. The American Automobile Association’s new forecast says drivers are likely to pay less this summer, with prices dropping to below $3.40 a gallon in most states by July,… Read More »
Pregnant T-Mobile Employee Clocked Out to Use Toilet
Kristi Rifkin had been working at T-Mobile Call Center in Nashville for four years when she got pregnant with her third child. She says she loved her job. “I had a great run,” Rifkin, 40, told ABC News. “I was making bonus. T Mobile was… Read More »
Jason Collins Custom Jersey Sales Spike on Wash. Wizards’ Online Store
Washington Wizards center Jason Collins’ jerseys got a boost in online sales after he became the first openly gay athlete on a major U.S. team sport. Team spokesman Scott Hall told ABC News that 100 percent of custom jerseys ordered from the team’s online store… Read More »
Inmates Review Prisons on Yelp
It’s not unusual to go on Yelp to find reviews of restaurants or stores, but now the online review website includes posts about prisons from around the country. Purported inmates, employees and visitors are using Yelp to rate and review institutions from Rikers Island in… Read More »
Apple CEO Charity Auction Hit By Card Fraud
The charity auction for a coffee date with Apple CEO Tim Cook is back on after the highest bid was discovered to have been made with a stolen credit card. The date with Tim Cook, along with 137 other experiences, benefit the Robert F. Kennedy… Read More »
Deficit Surprise: US Pays Down National Debt
Morning Business Memo…. For the first time since 2007 – before the recession – the US Treasury is planning to make a down payment on the federal debt. The budget deficit has been shrinking more than expected. Thanks to government spending cuts, and higher tax… Read More »
T-Mobile Offers Refunds for ‘No-Contract’ Offer
Mobile phone users who purchased T-Mobile equipment and financed the purchase using T-Mobile’s Equipment Installment Plan may be eligible for a refund after the company settled alleged a suit over “deceptive advertising” of its “no-contract” plans. On Thursday, Washington State Attorney General Bob Ferguson filed a… Read More »
Flash Crash Over AP Tweet Hoax Eyed
Morning Business Memo… A weird thing happened to the stock market last week, and now financial regulators want to know if something much worse could cause a crash in the future. Someone hacked the Associated Press Twitter account and tweeted that President Obama had been… Read More »
Cigarette Makers Turn to E-Cigs to Fire Up Profits
Morning Business Memo…. Here’s a burning question for the tobacco industry. How do you pump up profits when cigarette sales are falling? The answer, as in so many other industries, may begin with an “e”. Marlboro maker Altria Group – the largest US cigarette manufacturer… Read More »
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