According to insure.com, Santa Claus would make $139,924 this year. This is up 1.5 percent from last year.
The insurance website used Labor Department wage and hour data to calculate its estimate. Most of Santa's salary comes from managing the North Pole toy factory and piloting the sleigh, which the survey determined would earn him the salaries of an industrial engineer and a pilot, respectively.
They also commissioned a survey to see how much people think Santa should make. A total of 29 percent say $1.8 billion, or $1 for each child on the planet under the age of 15. Another 29 percent said he should work for free, and the rest split the difference.
The survey polled 895 adults who said Santa visits their homes.
Pharmaceutical giant Merck is acquiring antibiotics maker Cubist for more than $8 billion. The deal upends conventional thinking in the market: Some 23,000 Americans die each year from infections resistant to drugs, and overprescribing worsens the problem. Yet big drug companies have been exiting the space since it’s not lucrative.
Analysts say the Merck deal may make sense for a few reasons. Drug companies are focusing more on targeted products than blockbusters. Those new antibiotics can shorten hospital stays and persuade insurance companies to pay for them. Federal grants also help companies develop new antibiotics, and more may be on the way. Finally, the scarcity of next-generation antibiotics may help drug makers raise prices.
Click below to hear an interview on the subject with Michael Kinch, director of Washington University's Center for Research Innovation in Business.
Click below for a longer interview with Jeff Wager, co-founder and CEO of Enbiotix.
The dollar is super strong right now. It's up 11 percent against the euro, and 16 percent versus the yen.
That's good news for Americans who want to spend their money abroad. It's even better news for foreign companies who want to sell their stuff to us. Except for the ones that borrowed money in dollars – which is a lot of companies over the last few years.
Those companies have to pay interest in dollars on those loans, but they get paid locally in their own currency. So, as the dollar rises, they have to pay more local currency to buy the dollars to service their debts. There's a big risk here, if companies start to default on those loans, or, worse go bankrupt. It could present a threat to their host countries, and maybe to the entire economy.
Cosmopolitan magazine has teamed up with one of their biggest advertisers, Cover Girl makeup, to ring in the New Year together.
The two companies agreed to a joint sponsorship of the New Year’s Eve ball at Times Square in New York City.
The event has lots of marketing potential, according to Jessica L’Esperance, a Vice President of User Experience at Huge Inc. She says experiential advertising is preferable to stagnant, traditional methods. For Cover Girl, the event means people in Times Square will be able to try their products in an environment that they associate with a fun celebration.
"There is no print ad or TV commercial that's really going to help you see it on your own face," says L’Esperance.
From Cosmo’s perspective, getting one of your advertisers like to help foot your marketing bill is a pretty savvy strategy too, according to Cathy McPhillips of the Content Marketing Institute. Cosmo and Cover Girl has very similar audiences and they're not competitors.
But McPhillips says getting into bed with just one advertiser could backfire for Cosmo. They run the risk of losing advertising dollars from some of their other clients.
Afghanistan has an ideal climate for growing saffron, the most expensive spice in the world. But little is exported. Rumi Spice is working with small farmers there to build the U.S. market for it.
The White House says the report "could lead to a greater risk" to U.S. facilities and individuals around the world, but that the president supported the Senate's release scheduled for Tuesday.
The United Nations Children's Fund says that an estimated 230 million children around the world live in countries where there are armed conflicts.
The call by national organizations representing fraternities and sororities comes after the magazine acknowledged "discrepancies" in its story on gang rape. The story had prompted the suspensions.
The rate for early elective delivery for women covered by Medicaid has fallen since 2007. Still, the early births remain common and are a potential source of health trouble for mothers and babies.
The end of the year means plenty of deadlines, and here's one that maybe you forgot about: spending down all the tax-free money socked away in a healthcare flexible spending account, or FSA.
When that happens, a lot of us go shopping, says Kate Goughary, who manages Modern Eye in West Philadelphia.
“Our buzz months are usually in June and December,” she says. June because its the end of many firms’ fiscal years, and December because of FSAs.
“I always just say, 'Don't panic,’” she says. “We're here to help, and I have something in this store for every budget and every face.”
People get so worked up because, historically, flexible spending accounts have been use-it-or-lose-it. That changed last fall, and now you can set aside up to $2,550 and roll over as much as $500 to the next year.
“So there won't be as much of a rush at the end of the year for employees to spend money on things that they don't really need,” says Bruce Elliott with the Society for Human Resource Management.
The new rule came out so late in 2013 most employers didn't shift their policies, but Elliott expects that to change for 2015.
So if you have dollars left to spend, “You can use it for just about any medical, dental or vision expense," Elliott says, "as long as it's not cosmetic and as long as it's therapeutic.”
Liberians aren't letting a brutal epidemic put a crimp in their amazing sense of fashion. The streets are still full of stylish folks, because as the local saying goes, "Looking good is business."
General Mills helped define the industrial era of American breakfasting with its ringlets of processed oats. Soon, it'll put out a version with "ancient grains," which aren't, actually, very ancient.
The oil giant had hoped to limit how much it will pay under a 2012 settlement with people and businesses on the Gulf Coast. BP originally estimated it would pay $7.8 billion to settle claims.