Business

Economy

Social Mobility: Is The American Dream Slipping Away?

2:34pm March 07, 2013

As former Florida Gov. Jeb Bush made the media rounds for his book Immigration Wars, he also addressed what he sees as the biggest structural challenge facing America. "We're no longer socially mobile as a country," he told MSNBC, voicing the concerns of many Americans.

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BP Bows Out Of Solar, But Industry Outlook Still Sunny

12:50pm March 07, 2013

by Jeff Brady

The energy giant says it has "thrown in the towel on solar." The industry has evolved since BP entered the ring, currently emphasizing cheap production rather than research and development. BP says it just wasn't making money, though it will continue investing in other renewable resources.

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Now that Pope Benedict XVI has officially gone into retirement, the next leader of the Catholic Church has a lot to consider, including finances.

If The Catholic Church Were A Business, How Would You Fix It?

11:49am March 07, 2013

by Caitlin Kenney

The next pope will be the spiritual leader of the world's Catholics. He will also be leading a multibillion-dollar empire that faces some challenges.

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Economy

Time For The Fed To Take Away The Punch Bowl?

11:49am March 07, 2013

by John Ydstie

The stock market's long climb has some people concerned it may be a bubble about to burst — a bubble artificially pumped up by the Federal Reserve's easy-money policy. That's led to calls — even from within the Fed — for an end to the central bank's extraordinary efforts to keep interest rates low.

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Time Warner To Spin Off Magazine Unit

7:20am March 07, 2013

A statement from the company says that unit will become a separate publicly-traded company by the end of the year, and allow Time Warner to focus on its TV side. Time Warner had been in talks to combine its magazines with another company but those negotiations broke down.

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Tilghman Logan and his instructor, Craig Stagg, do some practice turns using sit skis. Some ski resorts have created opportunities for people with disabilities to participate in snow sports.

With Adaptive Skiing, Disabled People No Longer Left Out In The Cold

11:18am March 06, 2013

by Carrie Jung

As the fresh snow falls in New Mexico's ski resorts and mild temperatures welcome visitors into the region, new ski enthusiasts are making their way to the mountain tops. Some ski resorts now offer lessons to people with disabilities, and owners say not only is it a great equalizer, it's also increasing business.

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Financial Markets Rally After Dow's Record Close

11:18am March 06, 2013

Stocks in Japan and Australia hit highs not seen in more than four years after Tuesday's big rally on Wall Street. The benchmark Dow Jones Industrial Average hit an all-time high — topping a record set in the fall of 2007, just before the financial crisis hit.

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E.U. Hits Microsoft With $732 Million Fine

11:18am March 06, 2013

The fine was imposed on Microsoft for failing to offer Window users a choice of Internet browsers. The U.S. software company promised to give European consumers a choice of browsers back in a 2009 antitrust settlement.

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Congress has until March 27 to pass a Continuing Resolution. If it doesn't, the government will run out of money and will likely shut down.

Politics & Government

Four Things To Know About The Next Big Budget Battle

8:50am March 05, 2013

by Ailsa Chang

The continuing resolution allows Congress to carry over the previous fiscal year's budget into the next one. And if Congress doesn't pass one by March 27, the government will run out of money and likely shut down.

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Best Buy To End Flexible Work Program

7:27am March 05, 2013

Best Buy is calling its corporate employees back to the office. The move comes after Yahoo stirred debate for ending its work-from-home program. A Best Buy spokesperson told the Minneapolis Star Tribune the hope is the approach will lead to collaboration.

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