Fed report sees weak U.S. economy modestly improving
The weak U.S. economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains, the Federal Reserve said on Wednesday in a report that gives it little reason to move from its current ultra-low interest rates. Read Full Article here.
Sam Zell resigns as Tribune CEO, remains chairman
Sam Zell is resigning as chief executive of Tribune Co after two years at the helm of the bankrupt media company whose $8.2 billion buyout he engineered in 2007. Read Full Article here.
Labor market marks slight improvement
The U.S. labor market improved in November, with the number of jobs lost in the private sector falling again and the number of planned layoffs also easing, separate reports showed on Wednesday. Read Full Article here.
Gold surges to record high; nears $1,220/oz
Gold hit a record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions on expectations for a fresh leg of dollar weakness and more central bank buying. Read Full Article here.
EA sees fewer game titles
Electronic Arts Inc sees a future where its online and mobile games are as critical as Madden NFL and other console games as the company focuses on building core franchises and winnows its number of titles, said Chief Executive John Riccitiello. Read Full Article here.
Amazon.com shorts workers on overtime pay: lawsuit
A former Amazon.com Inc worker has sued the online retailer, saying it shorts as many as 21,000 warehouse workers nationwide on overtime pay. Read Full Article here.