Companies like Groupon, which rely on bargain-seeking consumers to spread the word, have enjoyed rapid growth. Mobile startup Solavei aims to become the next “social business.”
Editor’s Note: In an era of slow growth, smart companies seek to appeal to penny-pinching consumers while avoiding expensive upfront costs and capital expenditures. This article is the first in a series, The Austerity Economy, that highlights innovative business models that are attuned to the zeitgeist. Send your nominees for companies we should be highlighting to: firstname.lastname@example.org.The slow-motion recovery is now in its fourth year.
With an Ohio Walmart hosting a holiday food drive for its own workers, The Daily Beast's Michael Tomasky criticizes the notoriously stingy company for not paying them more.
How a text messaging service is getting aid to the most remote areas hit by Sandy.
How did an American educator’s child-molesting past elude authorities on four continents? Officials say thou-sands of International school boys may have crossed paths with William Vahey.