Global risks surveyed
The widening income gap between the rich and poor and burgeoning government deficits are the risks most likely to have a global impact over the next decade, according to experts surveyed by the World Economic Forum. Climate change, water shortages and aging populations rounded out the top five risks.
Target price match
Target Corp. is pledging to match prices of select online rivals year-round. The nation’s second largest discounter said it will match prices that customers find on identical products at top online retailers, all the time.
Fraud at Foxwoods
A group stole more than $90,000 from Foxwoods Resort Casino by fraudulently accessing accounts of customers who were awarded free slot machine play, Connecticut state police say. Surveillance video showed a New Britain man and about seven others picked up rewards cards inadvertently left on the gaming floor. They then obtained personal information about the players online and accessed their accounts.
New Chevy slogan
Chevrolet is dropping its “Chevy Runs Deep” slogan and replacing it with the new tagline “Find New Roads,” saying that it’s better geared toward drivers outside the U.S. “Find New Roads” will be used in the brand’s advertising starting in the U.S. this quarter.
Jobless rates mixed
The Labor Department said Tuesday that rates fell in November from October in 215 of the 372 largest metro areas. Rates were unchanged in 33 and rose in 124. Atlantic and Cape May counties were among four metro areas tied for fifth-highest jobless rate among the 372, at 14.5 percent.
Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide in the continent, the EU warned Tuesday, when figures showed joblessness across the 17 EU countries that use the euro hit a new high. Eurozone unemployment rose to 11.8 percent in November, the highest since the euro currency was founded in 1999.
Boeing confirmed that a fire on one of its new 787s appears to have started in a battery. The National Transportation Safety Board said it will send two more investigators to Boston to examine the Japan Airlines plane. The NTSB said the battery had “severe fire damage.”
AT&T said it sold more than 10 million smartphones in the last three months of 2012, topping its previous record of 9.4 million set in the same period a year earlier. In the third quarter, AT&T said it sold 6.1 million smartphones.
Diabetes drug risk
Johnson & Johnson’s experimental diabetes drug might bring minor heart risks, because it raised cholesterol levels in patient testing, according to federal drug reviewers. Food and Drug Administration experts conclude studies showed J&J’s canagli-flozin raised levels of LDL, or bad cholesterol, and slightly raised risk of heart attack, stroke or death, compared to two other types of diabetes medications.