Business and Economic News

"Mony Mony" by Billy Idol was number one on the Billboard pop chart 30 years ago today. It was the second straight cover of a song first recorded by Tommy James and Shondells to top the charts. The previous week Tiffany had a number one hit with the Tommy James song "I Think We're Alone Now." Ritchie Cordell had a hand in writing both of them. He says the title for this one was inspired while he was in Manhattan and saw the Mutual of New York building. It was adorned with the company's initials: M-O-N-Y.
Stores hoping to keep people shopping offer Cyber Monday deals
Shoppers are expected to spend $6.6 billion on Cyber Monday, up more than 16 percent from a year ago. And more people will be picking up their phones to shop: Web traffic from smartphones and tablets is expected to top desktop computers for the first time this year.
Meredith Corp. buys Time Inc. in Koch-backed deal
In a long-elusive acquisition for Meredith, the two magazine giants have struck a $2.8 billion deal, that joins two vastly different media portfolios.
After weeks of deals, stores aim to draw Black Friday crowds
About 69 percent of Americans, or 164 million people, intend to shop at some point during the five-day period from Thanksgiving to Cyber Monday, according to a survey released by the NRF. It expects Black Friday to remain the busiest day, with about 115 million people planning to shop then.
Trump organization cuts ties to controversial SoHo hotel
The part hotel, part condo building, from which the president had continued to profit as president, potentially linked him to murky financing arrangements and allegations of fraud.
If the developing world can go solar, maybe Puerto Rico can too
With most of the island still without electricity, some Puerto Ricans are hoping to follow the example of developing world countries -- and turn to the sun for power.
FCC's Pai: 'Heavy-handed' net neutrality rules are stifling the Internet
The FCC chairman says repealing net neutrality is a needed return to a "free market-based" Internet. One opponent says Ajit Pai's plan "would end the Internet as we know it."
Uber data on 57 million people stolen in massive hack
CEO Dara Khosrowshahi says there is no excuse for the cover up of a 2016 data breach. A source says that the company paid hackers $100,000 to delete the data and keep the attack a secret.
Uber reveals cover-up of hack affecting 57 million riders, drivers
Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service's customers and drivers.