Business News

In the wake of unpopular rate increases that caused customers to cancel subscriptions in droves and resulted in the company stock nosediving, Netflix CEO Reed Hastings apologized in a blog post on Sunday. “I messed up,” he said. “I owe everyone an explanation … In hindsight, I slid into arrogance based upon past success.”

With unemployment over 9 percent, most people who're working these days are just grateful they have a job.  A job, any job, even one you hate, is better than having no job and depending on welfare.  Or is it? Speaking of "hated jobs", you may be surprised to know that list includes some of the best-paying jobs in the country.  It's true. Read on.

Meeting at its corporate HQ in North Carolina, Bank of America's Board of Directors and top executives have decided to eliminate at least 40,000 jobs, mostly in California, and close a number of branches all over the country.

Top executives at Bank of America are meeting today to talk about eliminating roughly 40,000 jobs during the first wave of a restructuring that aims to reduce the bank's workforce of 280,000 over a period of years.

The Real Estate Center at Texas A&M has released a report showing the Longview metro area of Gregg, Rusk and Upshur counties posted a 4.2 percent rate of employment growth for the period of June 2010 through this June.  That's the highest rate in the state.

Maybe it's the shaky economy, and the financial uncertainty and insecurity it's causing all over the country. Whatever their reasons, it's a fact that millions of people are paying off all their bills, including their mortgages, and discovering the pure unadulterated liberated joy of living "debt-free".  A lot of them live in Angelina County.

In a study that anyone who works in an office will heartily embrace, researchers found that spending small parts of the day wasting time on the Internet makes workers more productive because it acts to mentally refresh them. “Browsing the Internet serves an important restorative function,” concludes the report from the National University of Singapore.

Texas Attorney General Greg Abbott is accusing Petroleum Wholesale LP, Sun Development LP and related defendants of defrauding their customers by diluting medium and premium-grade gasoline with regular unleaded fuel.