Staples to Close 70 Stores in North America
Staples Inc. suffered its worst stock decline in almost seven months after the company posted disappointing results and announced plans to shutter 70 stores in…
Economy
Finland starts paying 2,000 unemployed people a basic income
Finland has become the first European country to pay its unemployed citizens a basic income as part of a two-year trial that leaders hope will…
Apple owes $14.5 billion in back taxes, European authorities say
European authorities ruled on Tuesday Apple struck a sweetheart deal with Ireland that allowed the tech giant to underpay its taxes by more than $14.5…
Hackers steal bitcoins worth millions in attack on exchange
Hackers have stolen bitcoins worth about $65 million after attacking a major digital currency exchange. The exchange, Bitfinex, responded by halting trading, deposits and withdrawals,…
SolarCity slashes Buffalo factory commitment
SolarCity has sharply reduced its job creation commitment for the solar panel manufacturing plant under construction in Buffalo from 1,460 to 500 jobs, according to…
Wendy’s response to minimum wage hike: Replace staff with machines
Just when you think the fight for a $15 minimum wage is making progress, an international corporation hawking “old-fashioned hamburgers” comes along and throws a…
Staples, Office Depot Scrap Merger After Judge Blocks Deal
Staples and Office Depot said Tuesday they are scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had…
Creator of online money Liberty Reserve gets 20 years in prison
Before the virtual currency Bitcoin there was Liberty Reserve — and its founder just got sentenced to 20 years in prison. Arthur Budovsky, 42, ran…
Hacker Group Anonymous Has a New Target
Hacktivists affiliated with Anonymous successfully took down the Greek Central Bank’s website. They said it was the first in a series of global central banks…
Justice Department approves deal to create new cable giant
Federal regulators will impose several conditions meant to protect online video services as they back Charter’s bid to buy Time Warner Cable and create the…