Construction of New Homes Surged in September
Economy watchers were delightfully surprised by the surge in new homes and housing permits in September to levels that haven't been seen since before the 2008 financial crisis.
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Apple used an impressively complex network subsidiaries to avoid paying billions of taxes in a scheme that will pit the company against congressional investigators on Tuesday.
Economy watchers were delightfully surprised by the surge in new homes and housing permits in September to levels that haven't been seen since before the 2008 financial crisis.
The walls continue to close in on Lance Armstrong as his biggest sponsor has ended their contract with him and he's stepping down as the head of the charitable foundation that bears his name.
For a second year in a row, News Corp. annual shareholder meeting on Tuesday involved a lot of shareholders firing disapproving questions at Rupert Murdoch, only to re-elect him and the companies 13 other board members.
After about a month of boiling, cooling, fermenting and settling—the verdict on the White House beer recipe is in: It's delicious!
Every day The Atlantic Wire highlights the video clips that truly earn your five minutes (or less) of attention.
The first semester of freshman year is hard. Your interest expand beyond your teenage obsessions. You find new things to focus on. Sometimes you grow too fast, and relationships get strained. Like the one between Jonathan Krohn and VICE which only lasted three weeks.
CitiGroup CEO Vikram Pandit and his right hand man, COO John Havens, took the financial world by surprise this morning and announced their resignations from the financial giant effectively immediately—an abrupt change from two months ago when Pandit said he was looking forward to spending several years as the bank's CEO.
You know what's wrong with America? Its jeans. Glenn Beck denounced Levi's last year after the company featured global protests and revolutions in their ads, and now he's put denim where his mouth is and launched his very own jean line at 1791 Supply & Co.
Can a time period be defined by its method of killing the pesky housefly—or the mosquito, the cockroach, the spider, or other unwanted home invaders of the insect variety? Perhaps.
Most of the $20.1 billion the Softbank paid to buy a 70 percent stake in Sprint will go to shareholders, but a least a little bit of it will get invested in the company's 4G LTE network.
The Nobel Prize for Economics has been awarded to Americans Alvin Roth and Lloyd Shapley for work that has helped to craft more efficient and stable markets.
The Treasury Department just issued new data about the federal deficit. Do you want the good news first or the bad news?
Contrary to a rumor going around, Twitter CEO Dick Costolo insists that founder Jack Dorsey is not difficult to work with, though we're not sure we believe him.
The U.S. Consumer sentiment is at a level we haven't seen since before the recession. What that means, in the simplest terms, is that you feel pretty awesome about buying things right now.
The science of unemployment claims has never been more heated. The reaction to this week's report has morphed from confusion to disbelief into an email war between the State of California and Henry Blodget.
Oracle CEO Larry Ellison is thinking about becoming the kingpin of the L.A. sports scene. He wants to be the man responsible, and rich enough, for bringing football back to the city of angels.
Sprint has confirmed it is in talks with Japanese telecommunications company Softbank for a "potential substantial investment" that could change control of the company, report Reuters' Taro Fuse and Sinead Carew.
Now that Jay Penske has purchased Variety there's a can't-help-ourselves rumor that Bonnie Fuller, who currently edits his site Hollywoodlife.com, will take it over, pitting her against both Deadline.com's very-volatile Nikki Finke as well as her former Us Weekly sidekick and successor Janice Min who's now the savior-editor of The Hollywood Reporter.
When it comes to book publishing, not all countries are created equal, as this distorted map of the world by the International Publishers Association based on publishing market size shows.
The deal for Variety is done. The Los Angeles Times is reporting that Penske Media, which bought Deadline.com from Nikki Finke, has acquired the 107-year-old showbiz news source and trade publication for a cool $25 million.
GameStop cemented its place atop the video game-buying world, Greenpeace banked on cute, and Levi's tricked you into thinking you like adventurous things in this week's rankings.
While an optional, 15-minute walkout at The New York Times might seem pretty polite as labor actions go, it is the biggest step the Times newsroom has taken at showing their displeasure with the progress of contract negotiations on wages and benefits.
Google, the search engine company that also happens to do 35 other things, is expanding its horizons once again with a new financial services division.
Though we applaud the go-getter-ness of these college kids who started their own hedge fund, we don't think we would trust them with our money.
The buzziest part of the economy — the social media startups centered in Silicon Valley — were once heralded as a way to kickstart the economy. Now that there's some good news on the job front — unemployment lower than it's been since January 2009 and 114,000 new jobs last month — it's clear that's not where job growth is coming from.
In May, we speculated that staunch Democrat and Hollywood producer Harvey Weinstein was planning an October Surprise with the release of his special ops thriller SEAL Team Six: The Raid on Osama bin Laden, a dramatization of the mission to kill al Qaeda's leader. Turns out, we were one month off: Weinstein is releasing his film two days before the election.
Dana Milbank on Obama's evasiveness, Paul Hodgson on bank clawbacks, Timothy Egan on the idiot undecideds, Jonathan Weil on hedge funds from prison, and Thomas J. Espenshade on affirmative action.
The unemployment rate plunged to 7.8 percent in September, its lowest level since Barack Obama took office in 2009.
GOP forces have outed Maine State Senate candidate Colleen Lachowicz as a hardcore, level 85 rogue of orc descent—meaning yes, the world of politics has completely gotten all World of Warcraft on us.
Samsung posted a ridiculously high $7.3 billion quarterly profit from July to September, which is a personal best, so the company shouldn't have any trouble paying Apple that pesky $1 billion they won in court.
It's kind of tragically hilarious that people wondered if Zynga underpaid for OMGPOP, the company that makes mobile game Draw Something, since Zynga's earnings report out today has OMGPOP at half its purchase value.
While Facebook CEO Mark Zuckerberg made the media rounds to talk up the site's one billionth user, he ended up spending a lot of time defending the future of the site.
Today in Ad Watch: President Obama accuses Mitt Romney of using coal miners as props, Romney talks straight into the camera again, the Romney campaign admits Joe Biden is better at selling their economic message, and an anti-immigration group targets black voters.
Take a look at the cover of Fortune's new "50 Most Powerful Women" list, and you'll see Yahoo CEO Marissa Mayer looking powerful and professional and nothing close to pregnant, which she was up until Sunday—a decision the magazine says they made because Mayer declined their request.
Newton N. Minow on debates, Dana Milbank on zingers, Peter Orszag on progressive entitlements, Michael Kinsley on gaffes, and Josh Ozersky on meat supply.
Ellen Pao shook up Silicon Valley's power base when she sued one of the biggest venture capital firms in the business and is likely to shake it up even further by suddenly announcing on Quora that the same firm just fired her.
Apropos of crutch words, apropos of despicable words, apropos of very word-world as we know it, there's another word rant that I must bring to your immediate attention. Really. Really! Really? Oh yes.
Over the last month, Facebook has been spelling out its new take on advertising, a lot of which involves giving your personal information to marketers. Over that same period, its stock price, which had been in freefall since its IPO, has climbed back 25 percent, leading us to believe that Wall Street likes its new data-driven, privacy-challenging ad strategies.
Eugene Robinson on which Mitt will debate, Todd Moss on Obama's Africa failure, Roger Lowenstein on high-frequency trading, Jeffrey Goldberg on Obama's Middle East policy, and Mallory Factor on public union "official time."
Fresh off the heels of a favorable court ruling, Samsung announced this morning that it's adding the brand new iPhone 5 to the list of Apple gadgets that it thinks rip off its patents.
New York Attorney General Eric Schneiderman dropped a bomb on JPMorgan early Monday evening: a multi-billion dollar lawsuit that accuses the bank's subsidiary, Bear Stearns, of defrauding investors.
After another strong quarter the three major stock market indices are way up in 2012, with the NASDAQ rising nearly 20 percent this year.
Despite the government tax breaks and obvious low fuel costs, capitalism is taking its toll on the electric car industry.
This week Burberry showed us the perks of exclusivity while Capcom rode yet another Resident Evil launch to a rise in the rankings.
The United States Postal Service has announced that it will default on a $5.6 billion loan payment due this Sunday but is insisting it's totally Congress's fault.
The Casual Vacancy, the first and much-buzzed-about book for adults from “Harry Potter” author J.K. Rowling, is likely to be Hachette’s top-selling title this fall. Many readers will rush to buy it tomorrow — but thanks to the realities of the ebook price fixing settlement, they’ll be paying an unusually high price for it.
Thursday's weekly report of first-time unemployment claims brought some unexpectedly good news, as the number of those seeking the benefit fell dramatically from the previous week, but the GDP also fell.
Media blogs, books, Toronto's rock scene, and of course The Times, keep The New York Times' new, digitally minded public editor informed and entertained.
The NFL and the NFL Referee's Association have come to an agreement on a new, long-term collective bargaining agreement that will even put the real refs back on the field for Thursday night's Baltimore-Cleveland game.
There's no question the death of Osama bin Laden was great for President Obama's poll numbers—could it also be great for a Japanese camera-maker?
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