Bing and Baidu strike a deal
Microsoft this week struck a deal with China’s largest search engine, Baidu.com, to offer English-language searches in China. A link to Microsoft’s Bing search service will appear on Baidu Web pages by year’s end. Google withdrew from China 16 months ago, partly over censorship concerns.
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The value of interns
American companies save $2 billion annually by not paying their interns minimum wage, analyst Ross Perlin recently estimated. In fact, 48 percent of all internships are unpaid. Once the domain of students, internships are now common among older Americans struggling to find jobs in a tight labor market.
Reuters.com
Corn prices fall
Corn prices have fallen sharply after U.S. farmers planted some 92 million acres, the second largest corn crop in nearly seven decades. If the harvest is strong, the abundant corn supply could eventually lead to a decline in food prices.
The New York Times
Private investors to buy Go Daddy
A group of private investors said last week it would pay $2.25 billion to buy Go Daddy, the Internet’s largest domain-registration company. The buyers, including KKR and Silver Lake Partners, are expected to increase the company’s Web hosting and online marketing services.
Los Angeles Times
Nike signs up Michael Vick
Philadelphia Eagles quarterback Michael Vick this week signed a new endorsement deal with Nike, four years after the company dropped him after he admitted involvement in dog fighting. Vick spent 21 months in prison. Terms of the deal were not made public.
Associated Press
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie