Posted In: Retail, Science
Despite a lagging economy, Americans are buying smart phones over plain cell handsets, making the U.S. market a tough battleground for wireless carriers. Competitors strive to give the lowest price for the snazziest product. Dan Grech reports.
States with double-digit unemployment numbers are finding that cuts to local government are inevitable. Miami-Dade county has reached 10.6%, and every county employee is getting at least a pay cut, if not worse. Dan Grech reports.
UPS and FedEx are in a battle over unions. UPS lobbied for FedEx teamsters to have the right to organize, a move FedEx is resisting. Dan Grech reports.
Posted In: Economy, Housing, Retail
Taking advantage of cheaper real estate, 7-Eleven is aggressively expanding nationwide and adding 250 new stores. But the convenience store chain is not the only company hoping to come out ahead during the recession. Dan Grech reports.
AIG is due to pay about 40 senior managers delayed performance bonuses totaling $2.4 million. But this time around, the company has asked for the blessing of the Obama administration's new compensation czar. Dan Grech reports.
California has issued about $3 billion worth of IOUs this month. But starting tomorrow, many financial institutions, like JP Morgan Chase and Bank of America, say they're going to stop accepting them. Dan Grech reports.
Posted In: Internet, Washington
Officials are trying to find the source of a new wave of cyber attacks on Web sites in the U.S. and South Korea. There's speculation that North Korea is behind the attacks, but sourcing a cyber offensive can be tricky. Dan Grech reports.