Business

Watch Stephen Colbert's Sobering Monologue About the Oregon Shooting

Hosting a late-night comedy show is a challenge at the best of times, yet becomes even more challenging when the nation is rocked by tragedy and there's not a whole to laugh at. "Whether or not we hit the right notes on any given night, I think that the least that we can do is pretend to not always know what to do or say ", he told audiences.

Business

Michigan farmer uncovers 11000-year-old mammoth

Fisher told the Post most of the skeleton was there: the skull, tusks, vertebrae, and most of the ribs were all found, along with one kneecap and most of the shoulder blades and pelvis. "We didn't know what it was, but we knew it was certainly a lot bigger than a cow bone", said Bristle in the press release. The two farmers then chose to contact the University of Michigan to get a few expert advice.

Business

Retailer JC Penney buys group annuity for retiree pensions

Burgeoning retirement and pension costs, tied with slumping demand and sales had shriveled the retailer's bottom line performance. The company won't need to make any cash contribution, and Prudential Financial Inc. "There were a number of complexities associated with this structure, but we worked through them very much together with J.C. Penney ". As part of the group annuity contract, benefit and administration payments for roughly 43,000 retirees will now be shifted to Prudential.

Business

Marijuana News: Oregon Is 3rd State to Allow Recreational Cannabis

Will the same happen in Oregon? Many dispensaries, such as Shango Premium Cannabis and Green Oasis Dispensary in Portland, gave special offers and discounts for the first customers. The use of cannabis for medicinial purposes is legal in 23 states and the District of Columbia, but it is still categorized as a Schedule I controlled substance by the federal government, defined as a risky drug with no now accepted medical use and a high potential for abuse.

Business

New credit card readers coming to stores Thursday

They're technically called EMV cards, which stands for Europay, Mastercard and Visa , the three companies behind this new technology. The swipe is being replaced by a slide on new terminals that read the information on the chips embedded on the cards.

Business

How the Dow Jones industrial average fared on Monday

The Dow Jones Industrial Average declined 12.69 points, or 0.1 per cent , to 16,272.01. The S&P 500 rose 0.2 per cent at 1923.82 at 4pm in New York, after jumping 1.9 percent Wednesday. It had plunged 2 percent the day before. Domestic demand is tepid in the world's third-biggest economy and China's slowdown has crimped Japanese exports.