Top Stories

  • Chevrolet drops top on super-hot Corvette Z06

    Published: Mon, Apr 14, 2014

    Take a 625-horsepower sports car and knock off the roof. That's behind the Chevrolet Corvette Z06 convertible that is expected to make its appearance at the New York Auto Show this week, USA Today reports. "The Z06 Convertible is a world-class supercar in every sense," says Mark Reuss, a General Motors executive vice president, in a statement. "Only a handful of convertibles in the world bring more than 600 horsepower and 600 pound-feet of torque."

  • Amazon offers employees $5,000 to quit

    Published: Fri, Apr 11, 2014

    Amazon is offering its warehouse employees up to $5,000 to quit their jobs, even as the company is in the process of adding workers and locations, reports CNN Money. The "Pay to Quit" program, which was announced by CEO Jeff Bezos in his letter to shareholders late Thursday, is an effort to make sure that the Internet retailer's employees really want to be there. "The goal is to encourage folks to take a moment and think about what they really want," he wrote in the letter. "In the long-run, an employee staying somewhere they don't want to be isn't healthy for the employee or the company."

  • Austin or bust: America's biggest cities lose people to urban B-list; OKC ranks 7th

    Published: Thu, Apr 10, 2014

    The flight to second-tier cities is thriving, says Bloomberg Businessweek. The fastest growth came in regions that host fracking boom towns and retiree meccas, but those areas still have relatively small populations.

  • Rich face tax surprise when they die

    Published: Wed, Apr 9, 2014

    If you're a New York multimillionaire, you now have another incentive to stay alive. A change this month in New York's estate tax, which was billed as tax relief for the wealthy, contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death. Certain estates could even wind up with a tax rate of 164 percent on portions of their estates, according to one tax expert.

  • Beef prices hit all-time high in U.S.

    Published: Wed, Apr 9, 2014

    Come grilling season, expect your sirloin steak to come with a hearty side of sticker shock. Beef prices have reached all-time highs in the U.S. and aren't expected to come down any time soon. Extreme weather has thinned the nation's beef cattle herds to levels last seen in 1951, when there were about half as many mouths to feed in America.

  • As Obama Spotlights Gender Gap in Wages, His Own Payroll Draws Scrutiny

    Published: Tue, Apr 8, 2014

    WASHINGTON — President Obama on Tuesday will call attention to what he has said is an “embarrassment” in America: the fact that women make, on average, only 77 cents for every dollar that a man earns. But critics of the administration are eager to turn the tables and note that Mr. Obama’s White House fares only slightly better. A study released in January showed that female White House staff members make on average 88 cents for every dollar a male staff member earns.

  • Taco Bell escalates breakfast war vs. McDonald's

    Published: Mon, Apr 7, 2014

    McDonald's is starting to look like Taco Bell's private punching bag, according to USA TODAY. Monday afternoon, the feisty Mexican fast-food chain, eager to attract attention -- and customers -- for its new breakfast platform, will release yet another commercial that makes McDonald's the butt of its running breakfast joke. This time, McDonald's gets skewered in a lampoon version of the song "Old MacDonald Had a Farm." While the Taco Bell ads seem like fun and games, they are very pointed attempts to steal attention -- and market share -- from the incredible lock that McDonald's has on the $50 billion fast-food breakfast business. For Taco Bell, it's all about garnering attention and social media buzz. For McDonald's, it's a tricky marketing decision about whether to ignore or respond to Taco Bell's high-profile sucker punches. Last week, in a rare move, McDonald's announced it was offering free, small coffees during breakfast hours at participating domestic McDonald's locations, USA TODAY reports.

  • Uncle Bubba's, co-owned by Paula Deen and her brother, closes after 10 years

    Published: Fri, Apr 4, 2014

    As long-time employees collected severance checks in the parking lot, Uncle Bubba’s Seafood and Oyster House announced its closing Thursday morning on its website and Facebook page, reports the Savannah Morning News. “Thank you for 10 great years,” the written comment stated, “Uncle Bubba’s is now closed.” The Whitemarsh Island restaurant is co-owned by Paula Deen and her younger brother, Earl W. “Bubba” Hiers Jr.

  • Revenge of the nerds: 19 loser stocks bounce back

    Published: Thu, Apr 3, 2014

    Investors love a good comeback story, and they’re getting a few of them this year, according to USA TODAY. Stocks like for-profit college Strayer Education, teen retailer Abercrombie & Fitch and robotic surgery companyIntuitive Surgical, all but left-for-dead last year, are getting their revenge by blowing past the market averages this year. These comeback kids are a big reminder that some of the market’s biggest gains come from stocks Wall Street gives up on. There are 19 stocks in the broad Standard & Poor’s 1500 index that got clobbered 20% or more last year, but are beating the market this year, according to a USA TODAY analysis of data from S&P Capital IQ. Some of the bouncebacks are staggering, especially as the market is only up 2.3% this year so far, USA TODAY reports.

  • Charles Keating dies at 90; thrift owner accused of bilking investors

    Published: Wed, Apr 2, 2014

    Charles H. Keating Jr., who became the poster child of the savings and loan debacle 25 years ago after his Irvine thrift was seized by federal regulators in what at the time was the nation's costliest bank collapse, has died, the Los Angeles Times reports. He was 90. In the early 1990s, state and federal juries in Los Angeles convicted Keating of swindling thousands of Lincoln Savings & Loan customers and looting the thrift, whose failure cost the government $3.1 billion. Those convictions eventually were overturned, and Keating pleaded guilty instead to bankruptcy fraud charges in Phoenix, his adopted home and the city where Lincoln's parent company, American Continental Corp., was based. He served 4 1/2 years in prison.

  • Cobalts Were Seen as Lemons From Start, State Data Shows

    Published: Tue, Apr 1, 2014

    Long before the Chevrolet Cobalt became known for having a deadly ignition defect, it was already seen as a lemon. Owners complained about power steering failures, locks inexplicably opening and closing, doors jamming shut in the rain — even windows falling out. In more than 120 instances, General Motors was forced under state lemon laws to buy back faulty Cobalts, pay settlements to owners or let them trade in the cars, an analysis by The New York Times of state databases and court records shows. The buybacks came as dozens of claims were filed separately at G.M. from 2005 to 2009 that fit a specific pattern — moving cars, sometimes traveling at high speeds, would suddenly stop working.

  • Michael Moore: General Motors 'criminals' deserve death

    Published: Tue, Apr 1, 2014

    Liberal filmmaker Michael Moore believes that whoever was responsible at General Motors for failing to recall a faulty ignition switch deserves death, reports the Washington Examiner. "I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested and made to pay for their pre-meditated decision to take human lives for a lousy ten bucks," he wrote. Moore blamed former President George W. Bush's transportation Department for ignoring the problem in 2007 and praised new GM CEO Mary Barra for telling the truth about the problem.

  • How things got ugly between ABC and Josh Elliott

    Published: Tue, Apr 1, 2014

    Just how bitter has the relationship between Josh Elliott and ABC become? Consider this: He most likely won't be back on "Good Morning America" to say goodbye to his colleagues or fans, says CNN Money. Elliott was the news anchor on "GMA" and the presumed heir apparent to George Stephanopoulos. On Sunday, he notified ABC that he had accepted a job at the network's arch-rival, NBC. People at both networks immediately leaked the news -- ABC, to imply that "GMA" would be better off without Elliott, and NBC, to celebrate his arrival and destabilize "GMA."

  • Could this be the iPhone 6?

    Published: Tue, Apr 1, 2014

    Green Day, you might not want to sleep through September this year. Rumor has it that's when the new iPhone 6 is set for release, says the Huffington Post. And, if the leaked images featured on French site are to be believed, the gadget rumored to be called the iPhone Air is gonna be a real beaut. Take a look:

  • Heir's sentence raises questions in child rape case

    Published: Mon, Mar 31, 2014

    WILMINGTON, Del. -- A judge who sentenced a wealthy du Pont heir to probation for raping his 3-year-old daughter noted in her order that he "will not fare well" in prison and needed treatment instead of time behind bars, court records show. Superior Court Judge Jan Jurden's sentencing order for Robert H. Richards IV suggested that she considered unique circumstances when deciding his punishment for fourth-degree rape. Her observation that prison life would adversely affect Richards was a rare and puzzling rationale, several criminal justice authorities in Delaware said. Some also said her view that treatment was a better idea than prison is a justification typically used when sentencing drug addicts, not child rapists.

  • GM halts most Chevy Cruze sales

    Published: Fri, Mar 28, 2014

    General Motors has halted the sale of most of the Chevrolet Cruzes now on dealer lots, CNN Money reports. The Cruze is GM's best selling car model in the United States, and is also widely distributed internationally. Spokesman Alan Adler confirmed that GM has ordered a halt to sales of models with the 1.4-liter turbo engine, the most popular version of the compact car. Adler did not know the reason for the halt, and said there hasn't been a recall issued on cars already sold.

  • Teen who turned idea into a $250M company

    Published: Wed, Mar 26, 2014

    Arizona teen Bella Weems wanted a new car when she turned 16. Her parents weren’t planning to buy her one, and she doubted she’d earn enough money babysitting to afford the white Jeep she dreamed of, according to The Daily Ticker. So in 2010, Weems started selling jewelry at a local mall kiosk. She called the company Origami Owl and logged a remarkable $20 million in sales the first year. Four years later, the company has a professional CEO, employs hundreds of workers and markets its products through 60,000 independent sales representatives nationwide. Retail sales last year surpassed $330 million. Weems, now 17, still oversees the designs of the lockets and charms her company sells and stops by the Chandler, Arizona office almost every day after school.

  • What happens if the Keystone XL Pipeline isn't built?

    Published: Mon, Mar 24, 2014

    After five years, it appears the Obama administration will soon issue a decision on whether to build the long-delayed and controversial Keystone XL oil pipeline, which would cross an environmentally sensitive area of the Great Plains and move nearly a million gallons of oil a day to Gulf Coast refineries, reports NBC News. Backers of the project say it would stimulate the U.S. economy and enhance energy security, stressing that a new pipeline is the cheapest, safest way to transport dirty tar-sands crude from Canada’s booming oil fields to U.S. refineries. Environmentalists, who earlier this month chained themselves to the White House fence in protest, counter that it would endanger the water supply in several states and exacerbate climate change. They want to stop or slow the exploitation of an energy source the Sierra Club calls “the most toxic fossil fuel on the planet.” But what happens if, after all the shouting, the pipeline isn’t built?

  • SandRidge to let its oil leases expire on much of its acreage in Oklahoma, Kansas

    Published: Sat, Mar 22, 2014

    A lot of land will hit the oil-lease market this year, the Wichita Eagle reports. SandRidge Energy has said it will allow leases on about 700,000 gross acres of land in Kansas and Oklahoma to expire this year, and hundreds of thousands of acres more in 2015, 2016 and 2017. It said in a filing with the U.S. Securities and Exchange Commission last month that it has 1,026,000 gross acres set to expire this year in northern Oklahoma and southern and western Kansas. The company said it expects to hold on to about 30 percent of that by either paying to exercise the options or by holding them by producing oil and gas.

  • Zuckerberg Says Obama Steps on NSA Spying Not Enough

    Published: Sat, Mar 22, 2014

    Facebook Inc. (FB) Chief Executive Officer Mark Zuckerberg left a meeting with President Barack Obama unsatisfied with administration assurances that the government can protect privacy while continuing surveillance. Zuckerberg and five other Internet and technology executives were invited to the White House yesterday to discuss National Security Agency spying following revelations the NSA may have infected millions of computers globally with malware to advance surveillance.