promotion

Popular daily-deal sites, such as Groupon and LivingSocial, work with businesses to offer group discounts for shoppers. But a new site called oBaz, which launches Tuesday, wants to reverse the model by enabling shoppers to ask for what they want.

Highly skilled women will lose about a quarter of a million dollars, or as much as a third of their lifetime earnings, by choosing to have a child, making the prospect of raising a family a far more expensive one for college grads than their less-educated counterparts, a new study shows.

Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the number of executives who report directly to CEO Vikram Pandit.

Fresh data show that the number of promotions given to American workers has dwindled, suggesting that even those with jobs are having a tough time getting ahead. Fewer promotions are "a sign of the lingering impacts of the recession," one expert says.

Matthew Biberman had a story to tell about his dad and a one-of-a-kind motorcycle, and he soon turned his passion into a book deal. But the newly published author says the book deal is just the beginning -- learning how to pitch your story is what builds audiences.

As retailers wrapped up their earnings reports this week, most said they're back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits will have to be squeezed out of slowly rising sales.

Goldman Sachs Group (GS) promoted a record number of employees to the position of managing director, giving them more money and prestige as the bank rebounds from the financial crisis. The bank raised 321 people to the status of MD, up from 272 last year, Bloomberg News reported. Earlier this...

Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May. Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement. Sponsored Links "Steve is a proven leader who has been an...

Best Buy Inc. will give away four types of mobile phones each Friday in October, marking the largest U.S. electronics retailer's effort to maintain momentum after beating earnings estimates for its most recently completed quarter.

The weather was hot in July, but consumers went cold, leading to disappointing retail sales that came in below or at the low end of most forecasts. The high temperatures may have been one culprit, helping boost sales of marked-down summer clearance items.