Angel Correa

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Low-paid workers unable to escape poverty trap - report

Only one in four workers who were low-paid in 2001 managed to move on to higher pay after a decade, says social mobility study<p>The extent to which low-paid workers in the UK stay trapped in poverty is highlighted by a report showing only one in four workers who were low-paid in 2001 – and who have …

Hellmann's owner sues over rival's use of 'Mayo'

You have to break some eggs to make an omelet and, according to a lawsuit from the maker of Hellmann's, the same goes for mayonnaise.<p>The food company Unilever is suing a California company that uses the word "Mayo" in its sandwich spread name, saying that federal regulators and dictionaries define …

It just got easier to visit China for business and pleasure

Mention the words "Chinese visa" to Americans who travel regularly and you're likely to get an earful about how painful it can be to secure the entry permit.<p>Americans are required to apply in advance for visas, and fees can total hundreds of dollars. The process can be especially onerous for …

Fiat Chrysler CEO sees Ferrari IPO in second quarter-third quarter of 2015

BALOCCO Italy (Reuters) - The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, the chief executive of parent Fiat Chrysler Automobiles (FCA) said on Tuesday.<p>Slideshow (2 Images)<p>FCA CEO Sergio Marchionne said last month he …

Greenberg to Testify as Early as Thursday in AIG Trial

The central figure in the landmark $40 billion case against the United States government regarding the bailout of American International Group Inc. (AIG) will take the witness stand later this week in Washington D.C, possibly as early as Thursday, sources close to the matter tell the FOX Business …

$6.6M settlement for Social Security workers with disabilities gets preliminary approval

A federal administrative law judge in Baltimore has given preliminary approval to a $6.6 million settlement for more than 570 current and former Social Security Administration employees with disabilities.<p>The deal would resolve a nearly decade-long dispute over promotions and accommodations. A final …

UAW says new Volkswagen policy to open door to union representation of workers at Tenn. plant

The United Auto Workers union is hailing a new Volkswagen policy as a vehicle to soon gain representation of workers at its first foreign auto plant in the South.<p>Not so fast, says a group of workers who orchestrated the defeat of the UAW in a union vote at Volkswagen's Chattanooga plant earlier …

Tesla Aims to Win Battle of Supply vs. Demand

Investors and analysts appear confident consumer demand isn’t a problem for Tesla Motors (TSLA), which has promised to drastically increase production in the coming years.<p>Last week, Tesla provided some disappointing news in its third-quarter earnings report. The maker of electric cars lowered …