August 6, 2013 The news that billionaire Jeff Bezos has purchased The Washington Post came shortly after Red Sox owner John Henry agreed to buy The Boston Globe. That's left many scratching their heads as to why a successful businessperson would take on a paper when revenues are plummeting.
August 6, 2013 Across the country, courthouses are closing in response to financial woes. California is in the process of shuttering almost 80 courts, many in remote locations. Litigants must now travel long distances to handle small claims, criminal cases and other legal matters.
August 6, 2013 KAJXIn an effort to make money year-round, ski resort companies in the West offer attractions like mountain biking and hiking during the summer months. These attractions help resorts bounce back to pre-recession numbers and offer year-round jobs for resort workers.
August 2, 2013 While the number of jobs did increase last month, the hiring pace was slower than in the spring, marking a setback for unemployed Americans. "The labor market begins the second half of 2013 with a fizzle," says economist Heidi Shierholz, with the Economic Policy Institute.
August 2, 2013 The drop in the U.S. unemployment rate surpassed expectations, but the increase of only 162,000 jobs came in below projections. Hourly earnings for all workers on private nonfarm payrolls fell 2 cents last month.
August 1, 2013 The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.