ESPN will lay off more than 100 employees later this month, according to a Thursday report in Sports Illustrated. The layoffs will affect a wide range of staffers, from on-camera personalities to employees in the technology department, but SportsCenter will be the hardest hit, SI reports. This isn’t the first time the network has had…
President-elect Donald Trump seems to already be making good on his campaign promise to work to keep manufacturing jobs in the United States. His incoming administration and United Technologies (UTX) reached an agreement that will keep roughly 1,000 jobs at Carrier Corporation in Indiana. Carrier, owned by UTX, had plans to move production from a…
U.S. housing starts surged to a more than nine-year high in October as builders ramped up construction of both single and multifamily homes, offering hope that housing will contribute to economic growth in the fourth quarter. Groundbreaking jumped 25.5 percent to a seasonally adjusted annual pace of 1.32 million units, the highest level since August 2007, the Commerce Department said…
Many people plan for retirement with the assumption that they will retire around age 65 and live to be 85 years old or so, leaving about 20 years to stretch out their retirement savings. Sounds reasonable, right? Financial advisors, however, say people tend to underestimate how long they will live and factoring in only…
President Obama Creates 15M Jobs In a recent op-ed by President Obama for the economist wrote that his team has created a “more durable, growing economy” with “15 million new private-sector jobs since early 2010.” No. Not Really. But, hey let’s give him, and the mainstream media that recirculated this overly-optimistic spin, an “A” for effort. The…
By Caroline Valetkevitch | NEW YORK U.S. stocks dropped on Friday, giving the S&P 500 its worst day since June as investor nervousness increased following a nuclear test by North Korea and Federal Reserve officials’ comments lifted rate hike bets. The CBOE Volatility index .VIX closed at its highest level since late June, while…
U.S. Internet firm Yahoo is being acquired by American telecom giant Verizon. Yahoo will be combined with AOL, another past internet star, purchased by Verizon last year. The price tag is well below the $44 billion Microsoft offered for Yahoo in 2008 or the 125 billion it was worth during the dot.com boom. The sales…
Beleaguered Fox News chairman Roger Ailes resigned effective immediately Thursday amid growing allegations of his sexual harassment of on-air talent. The long-time head of Rupert Murdoch’s $2 billion cable news operation will be replaced by his 85-year-old boss atop Fox News, according to a release from 21st Century Fox. Ailes will stay on with the…
