If you think that government and the financial industry are a bit too friendly in the U.S., try England. London's version of Wall Street is called the City. And in the City, the line between government and corporate interests gets even blurrier. Critics say it's time for change.
The Labor Department announced Friday that the economy added 195,000 new jobs in June, exceeding expectations. Concerns remain over the fact that many of the jobs being added are for relatively low-paying seasonal work in leisure and hospitality, and the fact that the number of long-term unemployed remains stagnant.
The Labor Department reported Friday that the nation's unemployment rate held steady at 7.6 percent in June, as employers added 195,000 jobs, and more people started to look for work.
SoftBank's acquisition of a majority stake in Sprint Nextel appears to have cleared a final hurdle. The FCC reportedly approved the deal on Wednesday. Regulatory approval is the last step before the mega deal can be completed.
by Charles Ornstein, Tracy Weber and Jennifer LaFleur, ProPublica
Paying doctors to prescribe particular drugs is illegal. But drugmakers pay some doctors to talk with their peers about prescription drugs. The speakers say they aren't influenced by the money they get for promoting the drugs. But data show many of them are top prescribers of the medicines.
David Green says capitalism practiced with empathy is the right way to make health care available to the masses. The social entrepreneur is working on medical devices and services that can make a difference in the developing world.
Indiana is the only state where you can't buy packaged beer, wine and liquor on Sundays and the only state that regulates alcohol sales based on temperature. Convenience stores want to change the laws, but the state's liquor stores — who would seem to have the most to gain — are fighting back.
The Obama administration has decided to delay the date companies with 50 or more full-time employees are required to comply with the Affordable Care Act. They'll now have until 2015.
Homebuyers are on edge after a sudden jump in mortgage rates. Industry analysts wonder if the spike in rates will scare off potential buyers or push them into closing a deal before rates go up more.