Hot Business Topics
Online coupon seller Groupon Inc. is discounting its expectations for its first stock offering.
The Chicago-based company, which offers consumers daily discounts targeted toward their city and preferences, now expects net proceeds of about $478.8 million from its initial public offering of 30 million shares. In June, it said it hoped to raise up to $750 […]
Ford’s credit rating was lifted to within one level of investment grade Friday, making it cheaper for the automaker to borrow, after it secured a new contract with workers.
Standard & Poor’s Ratings Services raised Ford two levels to “BB+” from “BB-,” saying the agreement will allow its North American operations to remain profitable.
Ford Motor Co. […]
Greece’s international creditors warn that a second rescue package tentatively agreed in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans, according to a draft of a debt inspectors’ report obtained Thursday by The Associated Press.
Although the inspectors said Greece has […]
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General Electric Co. will build the largest solar factory in the U.S. near Denver.
The company, which had announced in April it would build the factory, said Thursday it had selected Aurora, Colo., a suburb east of Denver, for the location.
The factory will have an annual capacity of 400 megawatts, enough to supply electricity to about […]
Filed under: finance, management by Forest
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A Congressman investigating shortages of hospital drugs is demanding that secondary drug distributors reveal how they are getting scarce, life-saving medicines and explain the huge markups they charge.
Letters from a House committee cite an Associated Press report that the shortages are responsible for at least 15 patient deaths and that secondary distributors are selling drugs […]
President Barack Obama is turning to Republican rival Rick Perry’s home state to rally support for his $447 billion jobs bill and to raise money for his re-election.
Obama will appear Tuesday at a community college in Mesquite, Texas, to tout aspects of the jobs bill that he says will help keep teachers in classrooms and […]
Double-dipping _ the well-established practice of public workers collecting government pensions and salaries at the same time _ has become a hot topic for lawmakers struggling with strained budgets.
Even as some states have begun curbing the practice, a review by The Associated Press found tens of thousands of state and public school employees drawing government […]
Filed under: legal, management by Forest
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The Centers for Disease Control and Prevention has reported a third Colorado death linked to listeria in cantaloupes, bringing the nationwide death toll in the outbreak to as many as 17 people.
The CDC said Friday that 84 people in 19 states have become ill after eating Colorado cantaloupes. That number includes 15 deaths, the CDC […]
The ranks of the nation’s poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in over two decades.
The Census Bureau’s annual report released Tuesday offers a […]