Author: Brandon Ballenger
Apple and Amazon appear to be building systems for selling used e-books, as well as digital music, movies and software. Publishers and media companies aren’t thrilled.
In the past two years, the tech companies have more than doubled the amount of cash they’ve tucked away out of Uncle Sam’s reach. Between the three it’s now $134.5 billion.
Despite having lots more vacancies, companies are taking 50 percent longer to fill them than in mid-2009.
The Federal Reserve’s latest round of stress tests on the biggest American banks shows they have enough money on hand to weather future crises – all except one that’s been bailed out before.
Senator Bill Nelson from Florida and Claire McCaskill from Missouri, both Democrats, say Congress should take a pay cut for failing to stop the sequestration.
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo were all involved. Some people were even wrongly evicted despite being current on payments and out of the country.
A quarter also said they had more credit card debt than money in the bank.
A customer says he never signed up for a service with automatic recurring payments. The bank says he did, by phone, but refuses to offer evidence.
The five-best paid CEOs have collectively laid off – or plan to lay off – over 60,000 people in the past two years and this one, while raking in $62 million in total compensation.