Business and Finance

The New York Times Starts Paywall Charging for Internet Access

Mar 18th, 2011 | By
The New York Times Starts Paywall Charging for Internet Access

The New York Times announced Thursday that on March 28 it will begin charging US readers for access to its website and apps, implementing a policy known as a “paywall.” Sample free access will remain available up to a limit, and after the limit is reached viewers must pay a fee for additional viewing. “Today
[continue reading...]



Senators Introduce BUILD Act for Infrastructure Financing

Mar 17th, 2011 | By
Senators Introduce BUILD Act for Infrastructure Financing

Tuesday Senators John Kerry (D-MA), Mark Warner (D-VA), and Kay Bailey Hutchison (R-TX) introduced the BUILD Act to create a national bank for financing infrastructure funding. The Senators proposed to launch the bank with initial government seed money, in order to attract funding from private investors to support continued operations. The proposed institution would be
[continue reading...]



Drugmaker Eli Lilly to Buy Janssen’s Animal Health Division

Mar 15th, 2011 | By
Drugmaker Eli Lilly to Buy Janssen’s Animal Health Division

Pharmaceutical manufacturer Eli Lilly announced Monday that it plans to acquire about 50 marketed animal health products by buying the Johnson & Johnson subsidiary Janssen Pharmaceutica’s Elanco division. Financial details of the purchase were not disclosed. Janssen, based in Belgium since 1953, is focused on drug research and development. Its animal health business is currently
[continue reading...]



February Retail Sales Rise, Friday Stocks Weather Quake

Mar 12th, 2011 | By
February Retail Sales Rise, Friday Stocks Weather Quake

Retail and food sales in the United States rose 1.0% from January to February to $387.12 billion, the most in four months, as shoppers looking forward to spring got out to buy cars, clothes, and electronics. But economists had hoped for a 1.2% increase, a disappointment which combined with a Japanese earthquake and other international
[continue reading...]



Starbucks Announces Alliance with Green Mountain Coffee

Mar 11th, 2011 | By
Starbucks Announces Alliance with Green Mountain Coffee

Coffeehouse chain Starbucks announced Thursday that it is partnering with specialty coffee company Green Mountain Coffee Roasters (GMCR). The two companies will join forces to manufacture, market, and distribute Starbucks and Tazo tea branded K-Cup portion packs for use in GMCR’s Keurig Single-Cup brewing system. GMCR, based in Waterbury, Vermont, specializes in organic, fair trade,
[continue reading...]



Carlos Slim Tops Forbes Billionaire List Again

Mar 10th, 2011 | By
Carlos Slim Tops Forbes Billionaire List Again

Mexican telecommunications tycoon Carlos Slim Helú topped Forbes‘ list of billionaires for the second year in a row, with $74 billion to Bill Gates’ $56 billion. Warren Buffett came in third with $50 billion. At 71, Slim is officially the richest known person in the world. He is the chairman and CEO of the telecommunications
[continue reading...]



Japan Medical Giant Terumo to Buy US Blood Firm for $2.6 Billion

Mar 10th, 2011 | By

Japanese medical technology giant Terumo announced Monday that it will buy US blood transfusion firm CaridianBCT for $2.63 billion. The acquisition will make the company the global sales leader in the blood transfusion industry. Terumo, founded as a thermometer manufacturing company in 1921, first entered the blood transfusion industry in the 1960s, shortly before opening
[continue reading...]



Gold Prices Fall Awaiting Developments in Middle East

Mar 9th, 2011 | By
Gold Prices Fall Awaiting Developments in Middle East

Gold prices fell Tuesday as safe haven investors held their breath awaiting the aftermath of a lull in the storm in Middle East politics. Libya’s instability has been pushing prices up, but so far the absence of a climactic conclusion leaves the market simmering and not boiling. Investors consider gold a hedge against inflation. When
[continue reading...]



Short Sales of Homes Falling Short in California

Mar 8th, 2011 | By
Short Sales of Homes Falling Short in California

California lenders were failing to complete 43% of short sales transactions that had gone to contract at the end of last year, according to survey results the California Association of Realtors released Monday. Additionally, 67 percent of those surveyed said they are not satisfied with the process of approving short sales, finding the process difficult
[continue reading...]



Microsoft to Pay Nokia $1 Billion for Windows Handsets

Mar 8th, 2011 | By
Microsoft to Pay Nokia $1 Billion for Windows Handsets

Microsoft has agreed to pay Nokia over $1 billion to develop Windows-based handsets, according to two inside sources cited by Bloomberg Businessweek. Sources remained anonymous because the deal has yet to be finalized. Microsoft and Nokia declined official comment until details are settled. Under the reported deal, Nokia will in turn pay Microsoft a royalty
[continue reading...]