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J.C. Penney’s Real Problem: The Shrinking Middle Class

Ron Johnson’s office seat has barely cooled off following his departure as business observers everywhere dissect what went so dreadfully wrong at J.C. Penney. The former Apple executive was too Silicon Valley for the Plano, Texas, retailer. He was arrogant. He didn’t test his ideas, maintaining the …

10 iPhone and iPad Apps That Are Guaranteed To Increase Your Productivity

An increased sense of productivity makes us feel more accomplished, organized, and in control.<p>Since our smartphones and tablets are with us at all times, make your experience more productive by checking out these 10 apps.<p>They'll help keep you on track and help to get more done.

China's Ex-Railway Boss Could Face Execution For Corruption Charges

"He asked me to guarantee that he would not face the death penalty," lawyer Gao Zicheng told Chinese media.<p>Unfortunately, Gao said, that just wasn't something he could guarantee.<p>Liu has good reason to be concerned — one recent support suggests China may secretly execute thousands of people each …

CBS Chief Les Moonves Took Home $62 Million In Pay Last Year

His compensation included a $20 million cash bonus for his "successes" as CEO, plus a $7.5 million cash bonus for the creation of "premium content" for CBS. The company did not describe in detail what those successes entailed, in its filing with the SEC:<p>With respect to Mr. Moonves' 2012 bonus, the …

Renault's New Electric Concept Car Looks Like A Firefly On Acid

Welsh design star Ross Lovegrove helped create the nature-inspired Twin'Z city car.<p><i>Click here to enter the gallery</i><p>French carmaker Renault and Welsh industrial designer Ross Lovegrove teamed up to create this LED-covered, lightning-bug-looking electric city car, called the Twin'Z. They unveiled the …