Housing starts jumped 13.2 percent in April, but some experts aren't celebrating. Most of the housing starts gains were in the multifamily sector, which, along with low wages and a stagnant recovery in well-paid full-time jobs, could signal a growing class of long-term renters in the US.
Fast-food protests going global means more union support and creating a presence in countries that fast-food chains increasingly depend on for most of their earnings.
Coca-Cola will be removing a chemical also found in flame retardant from many of its sodas and sports drinks by the end of the year. Coca-Cola joins Subway, Pepsi, and others as the latest food giant to make a recipe change to cater to a more ingredient-conscious public, but are such tweaks really improving the US food system?
Unemployment rate plunged to 6.3 percent in April, but teen employment still lags behind pre-recession levels. Why the high teen unemployment rate? Fewer teens want to work, and the ones who do face increased competition from immigrants, retirement-age workers, and even college and high school graduates.
As the NBA begins the likely messy process of forcing Donald Sterling to sell his team after giving him a lifetime league ban and a $2.5 million fine, a big question looms: If the NBA and its owners can get Sterling to sell, who will be the new Clippers owner? Several famous names have already thrown their hats into the ring, including sports superstars, titans of entertainment and business, and a former child actor.
Mercedes-Benz recall involves C300, C300 4Matic, C350, and C63 AMG vehicles with model years between 2008 and 2011. No accidents or injuries have been reported in connection to the Mercedes-Benz recall.
New home sales plunged an unexpected 14.5 percent in March, according to a report released Wednesday by the Commerce Department. New home sales figures can be volatile, but the surprise drop combined with other weak reports is worrying for the housing market's nascent recovery.
Existing home sales fell 0.2 percent last month and 5.7 percent below the level seen in March 2013. Still, analysts expect the busy spring buying season and improving weather to turn around existing home sales figures.
General Mills has introduced a revised legal policy that takes away consumers' rights to sue if they enter into certain forms of engagement with the company online, including downloading coupons, entering sweepstakes, and buying products from General Mills websites.