Money

China’s GPS Rival Extends Its Reach to Europe and Africa

China’s alternative to the American-owned GPS extended its coverage beyond the Asia-Pacific region with a goal of becoming a dominating technology in the future, spurring gains in shares of related companies. The service, called Beidou, is now available in some parts of Europe and Africa within China’s Belt and Road initiative, spokesman Ran Chengqi told …

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Will Sears Exist in 2019? Or on Saturday? Liquidators Are Circling as Buyout Deadline Nears

The clock is ticking on Sears’ survival. The 125-year-old retailer will be gutted by liquidators unless a proposal to buy it out of bankruptcy is offered by tomorrow, Dec. 28. The company, which filed for bankruptcy in October, employs more than 68,000 people. The only known possible savior today is the company’s chairman, Eddie Lampert, …

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Pedialyte Rolls Out a Hangover Cure for Adults, Just in Time for New Year’s

For hard-partying revelers, Pedialyte has long been regarded as a morning-after cure for hangovers. Now Abbot Laboratories, the pharma giant that makes Pedialyte, is fully embracing that trend with a product targeted at intemperate adults. Just in time for New Year’s Eve (or morning, really), Abbott has rolled out Pedialyte Sparkling Rush, a packet of …

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Federal Employees’ Twitter #ShutdownStories Show Furloughed Workers’ Wide-Ranging Money Problems

With no end in sight to the U.S. government shutdown, federal employees–whether furloughed or working without pay–as well as their family members and friends took to Twitter to tell #shutdownstories. They’ve made it quite clear: this holiday season is anything but a joy. With the senate adjourning until December 31, it looks like federal worker …

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Melting Arctic Ice Adds 14,000 Tons of Water Per Second to Rising Sea Levels, Study Says

Melting Arctic ice from glaciers and surface ice is producing the equivalent of 14,000 tons per second of water into the Earth’s oceans, a recent scientific survey found. Examining land-ice patterns in the Arctic between 1971 and 2017, the study concluded that in the past 47 years, ice melting in the Arctic has contributed 23 …

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Lin-Manuel Miranda is Reprising His Role in Hamilton to Support the Arts in Puerto Rico

Hamilton creator Lin-Manuel Miranda will be reprising his iconic role in the hit Broadway play next month when the musical hits Puerto Rico, where both of his parents were born. The Tony Award winner will play the title role in a limited run of the musical January 8-27, 2019 at Teatro UPR. Miranda and his …

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Elon Musk Seeks To Dismiss Defamation Lawsuit After Calling British Cave Diver ‘Pedo Guy’

Elon Musk is seeking to dismiss a defamation lawsuit brought against him by a British cave diver, who Musk called “pedo guy” and a “child rapist,” according to court documents filed Wednesday in U.S. District Court in Los Angeles. Musk hurled his attacks at Vernon Unsworth last summer during a mission to save 12 young …

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