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Business

Working From Home: Efficient, or Corporate Suicide?

First, it was Yahoo! CEO Marissa Mayer, the corporate mommy who built a private nursery next to her office, then banned employees from working from home.

Top CEO, Average Joe Pay Gap Continues to Increase

CEOs of the largest U.S. companies were paid an average of $12.3 million last year -- 354 times more than the average U.S. worker who made $34,645, according to a study released Monday by the AFL-CIO.

Justin Bieber Promotes SpendSmart Debit Cards

A company that uses Canadian singer Justin Bieber to promote prepaid debit cards says the cards help teach kids to handle money but financial experts disagree.

Dell, Icahn Come to Terms

Dell and business magnate Carl Icahn have come to an agreement governing how many shares of the company he and his affiliated entities can control.

Econ Prof Offers Calif. Senate a Dose of Anathema

Economist Bill Watkins laid out a bleak vision for California in the 21st century, but offered some unusual suggestions for solving the state's potential economic woes -- including aggressively recruiting foreign workers and eliminating the minimum wage.

Boeing 737: A Jet for Tip of the Top of the 1 Percent

If new, the basic 737 airframe costs $40 million to $50 million -- and luxurious custom interiors can easily double the cost.

Boeing May Cut 300 Senior Engineers in California

Boeing will reduce its workforce at its Space and Intelligence Systems unit by some 5 percent this year, employees learned Monday.

US Economy Showing Strength

The US economy shows strong signs of strengthening, despite threats stemming from Europe and excessively sharp short-term government spending cuts, the International Monetary Fund (IMF) said Tuesday.

Thermo Fisher to Pick Up Life Tech for $13.6 Billion

Thermo Fisher Scientific said today it will acquire Life Technologies Corp. for nearly $13.6 billion, or $76 in cash per fully diluted common share.

Gold Prices Continue Historic Plunge

Gold slipped another 10 percent on Monday to complete its largest two-day drop in Comex history.

Health Care Industry Continues to Merge Despite Misses

Hospital systems and doctors look at mergers to keep costs down and gain access to well-insure patients.

Penney's Draw on Revolving Credit Is a Stop-Gap Measure: Fitch

JC Penney drew down $850 million from its $1.85 billion revolving credit facility, the company said on Monday.

Shoppers Not So Hot on Penney's

A shopper strode out of J.C. Penney at a Texas mall without buying anything because the store didn't have the makeup she was looking for. Also she doesn't like Ellen DeGeneres.

Pescanova, Spanish Fishing Colossus, Files for Bankruptcy

Giant Spanish fishing firm Pescanova said Monday it had filed for insolvency while trying to maintain its activities.

Diversity Is Not Just a Human Resources Function Anymore

Many business organizations today are experiencing "diversity fatigue," while others are experiencing great success with diversity initiatives. The difference often lies in the basic assumptions about diversity, what it means and what it can achieve.