SCOTT MURRAY

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CISPA, the infamous cybersecurity bill, is headed back to Congress

An infamous cybersecurity bill may be headed back to Congress in the new year. Representative Dutch Ruppersberger (D-MD) has told <i>The Hill</i> that he will be reintroducing CISPA to the House on Friday, as a response to the growing cybersecurity challenges facing the nation. The bill has been put before …

McDonald's Is Cutting Jobs At Its Headquarters

The company says the job cuts are part of a $100-million cost-cutting and restructuring effort.<p>McDonald's employs about 1,700 at its Oak Brook, Ill. headquarters.<p>"McDonald's is moving with a sense of urgency to improve our financial performance by taking actions based on the long-term," a company …

Macy's Shares Slide As Retailer Plans Restructuring And Store Closures

Macy’s is getting a little bit leaner: the retailer announced Thursday afternoon that it plans to shed jobs, close 14 of its stores and restructure its marketing and merchandise operations, moves that it says will save $140 million starting this year. But investors are jeering the move — …

FHA to lower cost of mortgage insurance

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs.<p>Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of …

Real Estate

J.C. Penney, Macy's to shut stores, lay off scores

After posting holiday shopping sales on the high end of muted expectations,department store chains J.C. Penney and Macy's head into 2015 with a focus on smaller operations and fewer employees.<p>J.C. Penney JCP is shuttering 39 underperforming stores and laying off 2,250 workers, while Macy's …

Winter may be knocking on your window, but 2014 was the warmest on record

You don't have to look hard to find evidence that the earth is warming up. In fact, you have to look pretty hard to find something that suggests that the earth isn’t warming up.<p>You have to look past the rapidly melting ice around both poles and on most of the world's glaciers. You have to look past …

China steps in to support Venezuela, Ecuador as oil prices tumble

China stepped up its courtship of Latin American countries Thursday, promising to double trade with the region by 2025 and offering fresh loans to …

Most Americans are one paycheck away from the street

Americans are feeling better about their job security and the economy, but most are theoretically only one paycheck away from the …

Tycoon's ex rejects $975 million divorce check

Not everyone gets to see a check for $975 million with their name on it. But after a highly contentious divorce, Sue Ann Arnall is looking for more.<p>She rejected the check her ex-husband Harold Hamm sent her Monday, according to his attorneys.<p>Hamm agreed to pay the nearly $1 billion back in …

In an up year for stocks, many individual investors lost out

Last year was a good one for the market. But for many investors, it was far less than great.<p>According to a study from SigFig.com, which makes a …

Alibaba and Tencent to launch consumer credit rating services

China’s central bank yesterday issued a notice allowing eight Chinese private organizations, including Alibaba’s Sesame and Tencent, to prepare for the launch of their consumer credit rating services over a six-month period.<p>It’s no secret that Ant Financial Services Group, Alibaba’s finance arm, …

Tasmania moves to allow corporations to sue protesters for defamation

The Tasmanian government has committed to giving corporations the right to sue protesters for defamation, part of a package of anti-protest laws that included legislation last year which beefed up jail sentences and fines for “unlawful” demonstrations.<p>The state’s attorney general, Vanessa Goodwin, …

Rights & Freedoms

Palestinians join war crimes court after failed UN statehood bid

Ban Ki-moon says Palestine will join the international court on April 1, enabling state to pursue charges against Israel<p>Ban Ki-moon, the UN Secretary-General, has announced that the state of Palestine will join the International Criminal Court on April 1, a high-stakes move that will enable the …

CES 2015: Intel CEO unveils wearable processor, drone camera tech

Intel's chief executive pulled a button off his jacket, played hands-free pingpong with a drone and chatted with someone through a robot during a keynote presentation Tuesday afternoon that pitched the computer chip maker as a solution for nearly every buzzed-about technology of the moment.<p>The …