Economy

Best Buy Announces the Closings of 50 Stores in the US
By Marc I. Weber
April 17, 2012 - 3:52pm
After announcing the closings of stores last month, Best Buy has announced the 50 stores that will close and its future plans.

Electronics retailer Best Buy has unveiled the 50 stores it plans to close by the end of the year. The announcements were first made during its quarterly earnings on March 29, but there was no specific stores named. As well as close stores, the company also plans to cut 400 corporate jobs and trim $800 million in costs.

With the market dominated by online retailers like Amazon, Best Buy has been struggling to compete. The company faces slower sales of expensive items like televisions and now it tries to avoid the fate of Circuit City, which closed in 2009.

Massachusetts Attorney General Suing Major Banks
By Olivia Dibs
December 1, 2011 - 4:53pm
State attorney generals and banks attempt a nationwide solution to foreclosure mess

While many state attorney generals are still trying to negotiate for a nationwide settlement regarding fraudulent foreclosures from some of the nation's big banks, it seems that Massachusetts Attorney General Martha Coakley is fed up.

Traders Occupy Wall Street as US Stocks Surge
By Conor Hurley
November 28, 2011 - 5:36pm
Many stocks gain at least 3 percent due to holiday shopping and optimism about the European debt crisis

The Stock Market had a positive day on Monday amid the Occupy Wall Street Protests that are not only prevalant in New York City, but across the entire nation as well. The surge in stocks on monday have been attributed to a busy holiday shopping weekend which started with Black Friday.