Business | GlobalPost

Flying has never been safer, says new data

Alexander BesantDecember 30, 2012 12:57

Those who are afraid of flying can take this to heart next time they board a plane: this year was the safest ever to fly.

E-book sales skyrocket as print declines, new data suggests

Alexander BesantDecember 27, 2012 20:38

E-book and tablet sales jumped sharply over the last year with print books in rapid decline.

Toyota to pay $1.1 billion to consumers for acceleration problem

Alexander BesantDecember 26, 2012 18:56

Toyota has agreed to pay $1.1 billion to about 16 million consumers to settle a class-action lawsuit dating back to 2009.

Starbucks cups are asking Congress for a fiscal cliff deal

Kaitlin FunaroDecember 26, 2012 09:46

Schultz said he plans to widen his marketing blitz on Twitter and Facebook posts, buy coverage on AOL's local news websites and take out ads in the Washington Post and New York Times later in the week.

Instagram faces class-action lawsuit from users over privacy

Alexander BesantDecember 25, 2012 13:02

Instagram is facing a class-action lawsuit in a San Francisco court over privacy concerns.

RIM, Blackberry-maker stocks sliced by nearly 25%

Alexander BesantDecember 21, 2012 21:36

Shares in the Blackberry-maker Research in Motion (RIM) dropped by nearly 25 percent on Friday.

Milk consumption drops off massively in the US

News DeskDecember 11, 2012 20:56

Milk consumption in the US has fallen off massively since the 1970s causing a crisis in the industry.

Delta buys 49% stake in UK's Virgin Atlantic

Kaitlin FunaroDecember 11, 2012 12:49

Delta will pay $360 million for it's 49 percent, the maximum share that can be owned by non-EU entities under British law.

IMF's Lagarde: US faces 'zero' growth without a comprehensive budget deal

Kaitlin FunaroDecember 9, 2012 12:28

International Monetary Fund Managing Director Christine Lagarde said the US is at risk of zero percent growth rate next year without a comprehensive deal to avoid the fiscal cliff.

AIG estimates its Sandy loss at $1.3 billion

Kaitlin FunaroDecember 7, 2012 23:34

The insurance company American International Group said on Friday that it is expecting to take an after tax loss of at least $1.3 billion related to superstorm Sandy. Reuters reports that New York-based AIG will contribute $1 billion from existing funds to its US property insurance subsidiaries to help cover the losses from the storm.