BlackBerry Reports Surprise Profit Amid Slumping Sales

Posted On March 27, 2015

(Undated) -- The fourth-quarter was surprisingly profitable for BlackBerry. The profit came about even as the embattled smartphone maker cut costs and raised the average price of its phones amid slumping sales. Sales fell short at 660-million dollars, a 32-percent drop from a year earlier. In the fourth quarter, the average price of a BlackBerry…

Wall Street Warns Of Possible Atlantic City Default

Posted On March 27, 2015

(Atlantic City, NJ) -- Wall Street is warning that Atlantic City is in danger of default. Analysts are not impressed with New Jersey Governor Chris Christie's 130-million-dollar budget cut and layoff plan. Moody's Investors Service and Standard & Poor's are both saying it's unrealistic. Four of the New Jersey gambling mecca's 12 casinos are now…

Ford CEO Makes $18.6 Million in 2014

Posted On March 27, 2015

(Detroit, MI) -- The top man at Ford Motor Company is bringing home nearly 19 million dollars in salary and compensation. Still, Mark Fields overall pay as CEO for 2014 was about three-million dollars less than that of his predecessor, Alan Mulally. Thanks to performance-based stock awards, Mulally made more than 22-million dollars in salary…

GDP Stays Level In 4th Quarter

Posted On March 27, 2015

(Undated) -- The nation's economy is staying level. The Commerce Department reported Friday that fourth quarter GDP growth of two-point-two percent matched the third quarter of 2014. For the year, GDP expanded two-point-four percent over 2013. The Gross Domestic Product measures the total output of goods and services in the U.S.

House Approves Bill Making Changes In Medicare, Senate Delays Vote

Posted On March 27, 2015

(Washington, DC) -- A bill making some structural changes in Medicare is being delayed in the Senate after passage by the House. The vote was 392-37.   Republican House Speaker John Boehner said the measure will reduce costs and will improve the way doctors get reimbursed by Medicare. It also extends healthcare benefits for poor…