Raha Moharrak has broken not one, but two records with her summiting of Mount Everest.  The 25-year-old Saudi Arabian made it to the top of Everest — along with 34 other climbers from around the world and their 29 Nepalese Sherpa guides — Saturday morning.  Moharrak is both the first Saudi Arabian woman and the youngest Arab to reach the summit, which at 8,850 meters or 29,035 feet is the highest in the world.  She was part of a four-person expedition that also included the first Qata…

The Powerball jackpot has hit $600 million, passing the point where people who don't typically play the lottery decide to jump in, shell out a few dollars, and try their luck on an infinitesimally small opportunity to join the 1% One of the most interesting ways to look at this is through the statistical concept of expected value. How much is it worth to play, given the estimated winnings and initial up front costs? If we multiply the probability and payout of each possible prize, and sum that f…

You’ve heard it many times, and probably said it a few times yourself: A company is only as good as its employees. In fact, everyone seems to be saying it; that phrase, with slight variations, gets more than a million hits on Google. But while people may be, both literally and figuratively, the lifeblood of the organization, why do many companies act as if talent is a commodity? The current high unemployment rate may be partly responsible for a misperception that open positions will be easy to…

Washington tax lawyer Celia Roady acknowledged that at the behest of the IRS, she asked a question at a May 10 conference that would ignite the controversy over inappropriate targeting of conservative groups. Four days before a damning Inspector General's report was due to be released, the IRS wanted to get out ahead and potentially defuse some of the backlash.  Roady serves on the IRS Advisory Committee on Tax-Exempt and Government Entities. She asked the planted question to Lois Lerner, the…

Publicis CEO Maurice Levy has revealed that the group is unlikely to enter into any large-scale acquisitions in Europe in the foreseeable future, explaining that the marketing services company is focusing on growing its presence within emerging markets.  Levy spoke to The Drum about the company's strategy at the Publicis Groupe Investor Day, where it emerged that the group is likely to spend between €400m-€500m each year as part of a growth plan that will conclude in 2018. The day itself to…

The Obama administration cleared the way for broader natural-gas exports by approving a $10 billion facility in Texas, a milestone in the U.S. transition into a major supplier of energy for world markets.

J.P. Morgan Chief Executive and Chairman James Dimon is making the case for continuity in the final days before a potentially defining vote on his future.

Transocean shareholders rebuffed many of Icahn's efforts to bring about changes. But they awarded the activist investor one victory, dethroning the company's longtime chairman.

Starbucks has penetrated scores of markets over the years, but may face a challenge in Vietnam's deep-rooted coffee culture.

General Motors shares eclipsed their $33 IPO price, fueled in part by enthusiasm over the company's new vehicles.

The online poker giant PokerStars was dealt a setback in its quest to enter the U.S.'s burgeoning regulated online gambling markets, when a New Jersey state judge said the Atlantic City casino that PokerStars planned to buy could be put back on the market.

A year after Facebook's high profile IPO, investors are still skeptical about its prospects and the stock price is wallowing.

Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs.

Canada's annual inflation rate fell sharply in April, from 1.0 per cent the previous month to 0.4 per cent, largely on the back of lower gasoline prices

Several hundred garment factories near the Bangladeshi capital, Dhaka, reopened Friday after a four-day shutdown caused by worker protests over pay and working conditions.

A new report from the parliamentary budget officer shows Atomic Energy of Canada Ltd. continues to be a drain on the public purse and will cost an additional $236 million this year.

Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny.

A quantum computer made by Burnaby, B.C.-based D-Wave Systems has been purchased by Google and installed at a NASA lab to solve problems requiring 'creativity' — something that conventional computers aren't good at.

The European Union wants to ban the refillable olive oil bottles that sit on so many restaurant tables across the continent.