Business Timeline

US Unemployment Rate Hits Five-Year Low

US Unemployment Dips To Seven Percent

The US unemployment rate has dipped to its lowest point in five years. Employers in the US hired more people in November than anticipated. This brought the number of out of work job seekers down to seven percent from 7.3 percent in October. The US Labor Department reports that 203,000 jobs were added last month…. Read more »

Taco Bell Wants To Conquer Breakfast, Plans New Mobile Ordering Platform

Taco Bell Breakfast

Taco Bell really wants to conquer the breakfast market over the course of 2014. The company is also plotting to unveil a brand new mobile ordering platform that could theoretically revolutionize the fast food experience. Yum! Brands held its annual Analyst Day on Wednesday (December 4), an event that found the company discussing a number… Read more »

Bitcoin Mining: Scams, Value Bubbles, And $7.5 Million Lost In A Landfill

Bitcoin Mining: Scams, Market Bubbles, And $7.5 Million Lost In A Landfill

Bitcoin mining just became physical when English man James Howells decided to go “mining” for his lost hard drive worth $7.5 million in Bitcoins. But as the Bitcoin gold rush begins some people are raising warning signs. As previously reported by The Inquisitr, the US Senate recently held a hearing on whether the virtual Bitcoin… Read more »

Obama Stuns Bookstore Shoppers With Visit On Small Business Saturday

Obama Stuns Bookstore Shoppers

As President Obama stuns bookstore shoppers, and most likely the business owners on “Small Business Saturday,” you have to wonder what he was doing there. As previously reported by The Inquisitr, maybe the move was made in the hopes of offsetting the decision not to open the Obamacare small business portal until 2014. Obama got… Read more »

Condé Nast Shuts Down Internship Program After Lawsuit and Media Outrage

Conde Nast

If you’re a huge entertainment conglomerate, how do you respond to allegations that your internship program is illegal and unfair? By shutting it down permanently, of course. That’s what publishing giant Condé Nast did, following significant media backlash after two interns filed a lawsuit this summer claiming that they were owed minimum wage for the… Read more »

F-35 Cost Reductions May Save US Department of Defense $2 Billion

F-35 Costs Drop

F-35 costs are likely to go down and save the US Department of Defense nearly $2 billion. A new order for 40 fighter jets placed by South Korea will lower the individual costs for F-35 aircraft. US manufacturer Lockheed Martin will be tasked with filling Seoul’s order. According to Reuters, insiders believe that not only… Read more »

Peak Oil Hasn’t Been Averted, World Economy Still At Risk [Study]

Peak Oil Still On The Way, Shale Gas Not A Solution

Peak oil is still on the way and it’s not going to be pretty. At least, this is what a recent study examining oil production across the globe has found. The report comes from a multi-disciplinary, peer-reviewed study which seems to shoot down recent claims made by oil industry insiders and other sources. In fact,… Read more »

Bitcoin Bubble: Senate Holds A Hearing On Virtual Currency

Bitcoin Bubble

Some are arguing there’s a Bitcoin bubble, even as the US Senate holds a hearing on virtual currency. As previously reported by The Inquisitr, a company recently raised 9$ million to boost mainstream bitcoin use. The Bitcoin market price has been fluctuating all over the map, hitting $400 last week to rise all the way… Read more »

Microwave Popcorn Makers Face Long Road With Trans Fat Ban

Microwave Popcorn Makers Trans Fats

Makers of microwave popcorn could be the most affected by the FDA’s plan to ban trans fats from foods in the US. Popcorn is the source of much of the trans fats consumed by Americans each year. It will be a long process for manufacturers to rid the fats from their products, though some, like… Read more »

Mormon Church Will Be Florida’s Largest Private Landowner

Florida Land

The Mormon church will soon be Florida’s largest private landowner. The church made a deal to buy almost 400,000 acres of land in the state’s Panhandle region. A statement released by St. Joe Company, a Florida real estate firm, explained that the property purchased by the LDS church is mostly timberland, reports Reuters. The church… Read more »

Unemployment Rate Rises To 7.3% Even With 204,000 New Jobs

unemployment rate rises

The unemployment rate for October was released by the Labor Department on Friday. The report showed that 204,000 non-farming jobs were actually added to the market. In spite of the added jobs, the unemployment rate bumped from 7.2% in September to 7.3% in October. Economists were worried how the Government shutdown would affect the Labor… Read more »

Grand Canyon Uranium Mine Work Put On Hold

Grand Canyon Mine On Hold

A uranium mining company drilling near Grand Canyon National Park put its work on hold because of market conditions and the cost of litigation. The company, Energy Fuels Resources Inc., paused the operation until December 2014 or until a ruling is issued in a federal case challenging the US Forest Service’s decision to allow the… Read more »

Lululemon’s New Yoga Pants Draw Complaints Too

Lululemon New Complaints Yoga Pants

Lululemon has probably had enough of complaints about its yoga pants. The company also likely believed its sheer pants snafu was done and over. Unfortunately, it doesn’t seem that way. Just a few months after Lululemon recalled yoga pants for an issue that cost the company millions in sales, customers took to Facebook to complain… Read more »

Yuengling Brewery Fire Caused By Welder? [Video]

Yuengling Brewery Fire Caused By Welder

The Yuengling Brewery fire has had many wondering what the cause of fire was. As previously reported by The Inquisitr, the Yuengling Brewery fire caused over $1 million in damage but could have been far, far worse. The Yuengling Brewery fire may have looked horrible, with flames leaping from the roof and 60 firefighers dispatched,… Read more »