By one estimate, retail sales hit $59 billion over Black Friday weekend. Or was the sales total a mere $22 billion, as another index stated? Similarly, online sales on Cyber Monday may have reached $1.46 billion or $1.98 billion, depending on which set of statistics you prefer.
Dollar Menu Double Down: McDonald’s Pumps Up $1 Selections
Amid poor sales, McDonald’s is tweaking its Dollar Menu for the second time this year—and this time, $1 items are being added, not taken away.
Corporate America Seeks to Elude the Taxman Through Special Dividends
While the President and Congress have seemingly made little progress in reaching a compromise that would help the country avoid the fiscal cliff, corporate America isn’t sitting idly by. Parts of the fiscal cliff are tax …
What News Corp.’s Breakup and the Demise of ‘The Daily’ Mean for the Future of Murdoch’s Media Empire
Billionaire mogul Rupert Murdoch‘s plan to split his giant media conglomerate News Corp. into two independent publicly traded companies began to take shape Monday, after the company announced a flurry of management and …
Fugitive Software Guru John McAfee Seeks ‘Asylum’ in Guatemala, Claims He’ll Be Killed in Belize: Report
Update 12/4 4:30 p.m. EST: According to the Associated Press, fugitive software guru John McAfee will petition Guatemala for “asylum,” on the grounds that he believes he will be killed if he returns to Belize, where he has lived …
Top 10 Everything: Business & Money
In 55 wide-ranging lists, TIME surveys the highs and lows, the good and the bad of the past 12 months
Birth Rate Plunges During Recession
Birth rates hit an historic low in America last year. This small number of newborns will hit the workforce in 20 years, just as the last baby boomer reaches full retirement age. The pension math is not pretty.
Same-Day Delivery: Losing Money Is O.K. if You’re Winning Over Customers
Why Bravo’s Start-Ups: Silicon Valley Is Bad for Entrepreneurship
The Bravo TV show “Start-Ups” is more than just a poor representation of Silicon Valley — it’s flat-out dangerous for America’s aspiring entrepreneurs
How U.S. Firms like Google and Amazon Minimize Their European Taxes
Some tax ‘loopholes’ are legal, but could nonetheless hurt firms’ image with consumers.
Beyond Deals & Discounts: How Retailers Are Luring in Holiday Shoppers
Low prices are sure to draw in consumers during the ultra-competitive holiday shopping season. But cheap deals are hardly the only strategy being used by stores to woo consumers.
Is It Better to Rent or to Buy?
Is it better to rent or buy a home?