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General Motors has claimed the number one spot in the automotive industry just two years after GM filed for bankruptcy. According to media reports, the automaker has topped sales in every corner of the globe, managing to increase profits despite years of financial struggles. 
A protest to a Congressional bill called SOPA caused quite a stir on Wednesday as thousands of websites protested SOPA with blacked-out pages. But while many lawmakers chose to withdraw their support of the legislation, the Department of Justice (DOJ) took action to shut down one of the websites targeted by the bill. Shortly after this act, a hacking collective says it launched several attacks on government and entertainment industry sites in retaliation.
SOPA Protest Made Waves in Congress
U.S. unemployment claims have dropped to the lowest level since April 2008, says a new report released by the Labor Department on Thursday. Experts say the new data is more proof that the job market and U.S. economy as a whole are showing continued signs of improvement.
Unemployment Claims Drop by 50,000
In recent weeks, word of a planned SOPA blackout circulated around the internet as opponents of new legislation banded together to fight online censorship. But what exactly is SOPA and why is it making so much noise? More specifically, how could it single-handedly devastate thousands of small virtual businesses that rely on link-sharing and uploads to earn revenue?
What Is SOPA?
Global consumers are willing to share their personal information in greater detail than ever before, says a new study released on Monday. Despite the threats online sharing presents, including identity theft, shoppers feel very comfortable disclosing information to retailers in an effort to personalize their own shopping experience.
Personal Information for a Personalized Shopping Experience
Bank of America has told U.S. regulators that it is prepared to retreat from some parts of the country if its financial issues continue their downward spiral, the Wall Street Journal reported. While the bank is not certain that drawing back Bank of America locations will be a definite course of action, the option sits high on its list of emergency scenarios.
Bank of America Continues to Suffer Financially
Warren Buffett is continuing to prod the GOP into taking greater financial responsibility by promising a dollar-for-dollar match of any funds contributed by Republicans in Congress toward the national debt.
The number of home foreclosures fell by 33 percent last year, according a new report released by RealtyTrac. While the numbers looked good for the year, the company explains that the drop was attributed to a continued backlog of paperwork, not necessarily an improvement in the housing market.
Foreclosure Filings Fall to 3-Year Low
A new study has found that nearly one-third of adults who were raised with a middle-class income in the United States are not able to maintain this economic status when they reach adulthood. Further, the tough economy they face now will make it even more difficult for them or their children to find a place as middle-income Americans in the coming years.
American Adults Suffering from Downward Mobility
The Internal Revenue Service (IRS) announced this week that it will extend this year’s tax filing deadline to April 17, giving taxpayers two extra days to file. In a separate announcement, the IRS says it plans to increase audits on the nation’s top earners to crack down on offshore tax evaders.