Business

Business Report: Richest 1 percent own half of world's wealth Report: Richest 1 percent own half of world's wealth
The richest 1 percent of the population will own more than half the world's wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.
Business Company's struggles highlight challenges of inmate care Company's struggles highlight challenges of inmate care
For-profit prison care raises questions about ceding public responsibilities to private companies. It turns, though, on a thornier issue: How do you ensure care of people that society mostly would prefer not to think about?
Business Davos forum founder urges unity against 'dangerous' risks Davos forum founder urges unity against 'dangerous' risks
World leaders must do a better job of coordinating their actions if they want to effectively combat the menace of terrorism and the grave risks from conflicts and volatility around the globe, the founder of the World Economic Forum said Monday.
Business U.S. consumer prices drop 0.4 percent in December U.S. consumer prices drop 0.4 percent in December
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.
Business Target to shut 133 Canada stores to stem massive losses Target to shut 133 Canada stores to stem massive losses
Target is giving up on Canada. More than 17,600 employees will eventually lose their jobs when the U.S. discount retailer closes its 133 Canadian stores after only about two years to cut losses that went as high as a billion dollars a year.