Late last week, an investigative report from Reuters’ Enterprise Team uncovered the details of a big money contract between the Chinese telecommunications equipment company ZTE and the Telecommunication Company of Iran that included technology that can be used to conduct surveillance and crack down on dissidents. The details of the deal revealed surprising end-runs being made by Iran around global sanctions.
A house bill that would consider giving the Public Utilities Commission authority to force PSNH to sell its power plants to open up market competition is getting vocal opposition from business leaders and mayors in the state.
Berlin Mayor Paul Grenier says the move will raise electric rates and scare businesses away from his community.
These days, hotels aren't just looking to hire bellhops, concierges and housekeepers. What the industry really needs are digital bloodhounds: people who understand how to use new technologies to track — and attract — potential guests.
One of those newfangled workers is Greg Bodenlos. At 24, he's just a couple of years out of Cornell University's School of Hotel Administration. His official title is digital marketing strategist at The Mark Hotel, a luxury hotel in New York City.
According to the Federal Trade Commission, the number of complaints about consumer fraud against seniors has more than doubled since 2009. So called imposter scams, when someone poses as a relative or friend to extort money from someone they don't know increased by 22 percent last year.
At the end of 2011, Apple had a very enviable problem. It's not too many companies that have more cash than they know what to do with, and for the electronics giant, that amounted to nearly $100 billion burning a hole in its pocket.
So it certainly pleased current and potential investors when Apple announced that, for the first time since the mid-1990s, the company will start paying a dividend.
145,000 businesses start-up each year in the US. Many launch in garages, home offices, or in the case of Stonyfield Farm, a drafty old farmhouse on a New Hampshire hilltop with seven cows, and a dream. Like most entrepreneurial ventures, the company also had vision, tenacity, some capital, market research, and an understanding of expenses, competition and supply chains. How a new business will affect the personal lives of its leader, or the lives of their families and spouses, however, rarely figures into a business plan.
Shell Oil Co. has chosen a site near Pittsburgh for a major, multibillion-dollar petrochemical refinery that could provide a huge economic boost to the region.
Dan Carlson, Shell's general manager of new business development, said Thursday that the company signed a land option agreement with Horsehead Corp. to evaluate a site near Monaca, about 35 miles northwest of Pittsburgh.
Last year, Utah created jobs at a faster pace than any other state in the country — with the single exception of North Dakota. While the boom in North Dakota is being driven by oil and gas, the hot job market in Utah is being powered by technology companies.
Computer-system-design jobs in Utah shot up nearly 12 percent in 2011. Scientific and technical jobs jumped 9.7 percent. With job opportunities expanding, the state is having little trouble attracting new residents.
For Jill Layfield, the decision to move here from Silicon Valley was not a tough call.
Economists say many industries are looking up this year. But perhaps none has a better outlook than the energy sector.
New drilling technologies and rising fuel prices have generated a boom in drilling — and lots of high-paying jobs for people with the skills to work in the oil patch. On some college campuses, companies are so eager to find petroleum engineers that they are offering jobs to students even before they have graduated.
Optimism is growing about the U.S. jobs market. Fewer people are applying for unemployment benefits, and hiring is up. The lion's share of new jobs are coming from small and medium-sized firms. But even if the economy comes roaring back, many small businesses aren't likely to hire with wild abandon.
"It's a huge commitment, when you're a very small firm, to add someone," says Kate O'Sullivan, director of content for CFO magazine. "And I think that the outlook is still not completely firm."
The agricultural port city of Stockton, Calif., has made national and international news in recent years — for all the wrong reasons. In a new record, the city recently marked its 56th homicide in one year. And the BBC recently reported that a greater proportion of Stockton residents face the loss of their homes to foreclosure or repossession than anywhere else in America. If that's not enough, it ranked No.