Articles by Sylvia Arce
Study: Richest 1 Percent Lives About 15 Years Longer Than Poorest 1 Percent
A JAMA study shows a correlation between income and life expectancy. This means that richer Americans live longer than the poorer ones.
Goldman Sachs Agrees To Settle Mortgage Probe For $5 Billion
Goldman Sachs agreed to a $5 billion final settlement over accusations it failed to exercise due diligence on mortgage-backed securities. The amount will cover for the civil penalty, pay borrowers who went underwater and for other claims.
40,000 Verizon Wireline Workers Plan To Go On Strike
Some 40,000 employees of Verizon Communications are set to go on strike starting April 13 after stalled negotiations over a new contract. CWA President Chris Shelton announced to the media that unless Verizon reconsiders its position on the issues, the wireline employees will be forced to stage the walkout as scheduled.
Global PC Shipments Down 9.6 Percent, Lowest Quarterly Sales Since 2007
Preliminary data from Gartner peg total worldwide PC shipments for Q1 2016 at 64.8 million units, 9.6 percent down from Q1 2015 figures. This is the first time since 2007 that sales volume fell below the 65 million mark.
World Bank Trims Growth Forecast For East Asia But Expects Over 6 Percent In 2016 And 2017
Despite a gloomy global scenario and a slowing-down China, East Asia and the Pacific will continue to be resilient. Growth expansion in the region is predicted to have a marginal decline from 6.5 percent in 2015 to 6.3 percent in 2016 and 6.2 percent in 2017-2018.
Forget The Shard: London Plans To Build The Toothpick, A Skyscraper Made Of Wood
If approved by London mayor Boris Johnson, a giant wooden skyscraper will soon rise in the London skyline. It certainly would stand out in a horizon dominated by tall towers made of steel, glass and concrete.
Keystone Pipeline Leak In South Dakota Not 187 Gallons But 16,800 Gallons
The Freeman pump station leak spilled about 16,800 not 187 gallons of oil. This forced Transcanada to indefinitely shut down the Keystone pipeline that supplies nearly 600,000 barrels of crude oil to the U.S. Midwest daily.
Mortgage Rates At Lowest In Almost Three Years, 30-Year Fixed Pegged At 3.75 Percent
Mortgage rates fell for the third consecutive week to its lowest this week with the 30-year fixed pegged at 3.75 percent. This comes on the back of Federal Reserve Chair Janet Yellen’s remarks to the Economics Club of New York on April 5.
Fiat Chrysler Will Lay Off About 1,300 Workers In Michigan Plant Effective July 5
Fiat Chrysler Automobiles Sterling Heights, Michigan plant is set to cut 1,300 jobs by July 5. This comes amid the weakening small car market and low gas prices fueling the shifting preferences of American buyers for truck models.
Verizon Will Reportedly Bid For Yahoo Next Week
Verizon is set to make a bid for Yahoo next week as Google weighs its options. It also expressed to buy Yahoo Japan valued at about $8.5 billion.
Why Is eBay Selling Branded Boxes And Envelopes?
eBay will soon launch a branded online supplies store that will provide eco-friendly boxes and other shipping supplies to its sellers. This comes as an answer to the sellers' clamor for branded packaging in a cost-effective and convenient manner.
Panama Papers: Mossack Fonseca Law Firm Looks Into Possible Hack, Rules Out Data Leak
Panama lawyer Ramon Fonseca and his law firm Mossack Fonseca are in hot waters for the leak of 11.5 million confidential client documents. Now called Panama Papers, the documents include the names of world leaders and other prominent people.
Amazon Payments Partner Program Is Like A Steroid Shot For Pay With Amazon Feature: Should PayPal Worry?
Amazon recently launched its Amazon Payments Partner Program to attract more merchants as a viable online payment option. Participation is free and is open by invitation in the U.S., UK, Germany and Japan.
Disney COO Thomas Staggs Will Step Down On May 6
Thomas Staggs, COO of Walt Disney Company, is set to step down on May 6. He will, however, remain to be an employee of the company until fall to serve as a special adviser of Disney CEO Bob Iger.
As Economy Improves, US Labor Force Grows: Report
The improving U.S. economy is triggering an increase in the workforce. According to a U.S. Department of Labor report, nonfarm payroll employment rose by 215,000 jobs.
Brazil's Petrobras To Cut 12,000 Jobs To Save $9.2 Billion
Petrobras, Brazil's state-run oil and gas company struggles to save the business by implementing a voluntary layoff program. This will save about $9.2 billion for the company.
