Few tweets for CEOs
Seven in 10 Fortune 500 CEOs have no presence on major social media networks such as Twitter, Facebook, LinkedIn, Pinterest, and Google+.
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BofA settles Merrill Lynch lawsuit
Bank of America agreed to pay $2.4 billion last week to settle a lawsuit alleging that it misled shareholders about the financial health of Merrill Lynch when BofA bought the company in 2008.
Los Angeles Times
Facebook and Twitter in China
Facebook has 63.5 million users in China, up from 7.9 million three years ago—even though Facebook is banned there. Twitter has tripled its users in the country since 2009, to 35.5 million.
Bloomberg Businessweek
Global trade slows down
Global trade growth will slow this year to just 2.5 percent, according to the World Trade Organization. That’s down from 5 percent last year and nearly 14 percent in 2010. The 20-year average is 5.4 percent.
Reuters.com
Smartphones' rising share of household costs
Smartphones are taking a bigger chunk out of our household budgets. Americans spent $116 more on telephone services in 2011 than they did in 2007, even as total annual household expenditures increased by just $67. Over the same period, restaurant spending declined by $48, apparel spending by $141, and entertainment spending by $126.
The Wall Street Journal
Temporary jobs for the unemployed
Unemployed workers who take a temporary job are less likely at first to find a permanent one, but a year and a half after they were laid off, they are more likely to be hired than those who stayed home and sent out résumés.
Harvard Business Review