Business

  • PHOTO: This Is Your Supermarket Without Bees Have apples, carrots, lemons or watermelon on your grocery list? Bad news — without bees, these foods could be much harder to find in the… Like this:Like Loading...
  • Why A Strong Community Can Stand Against Adversity The idea of man as a social animal prescribes that humans derive pleasure and happiness from interacting with others. But, as a new study suggests,… Like this:Like Loading...
  • Scandals Pose Threat To Health Care Law WASHINGTON — Mounting scandals at the Internal Revenue Service are jeopardizing critical funding for the agency as it gears up to play a big role… Like this:Like Loading...
  • A Call For A Movement To Redefine The Successful Life EVERY day, news releases and books cross my desk that promise success in all sorts of areas — getting a job, getting a better job,… Like this:Like Loading...
  • Does Your Company Park Its Cash Overseas? Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Journalists made public… Like this:Like Loading...
  • Warren Explodes: ‘Here In Washington, Power Is Not Balanced’ Sen. Elizabeth Warren (D-Mass.) ripped "corporate interests" that are putting "enormous resources toward influencing the courts" on Thursday, claiming "power is not balanced" in Washington…. Like this:Like Loading...
  • Steve Rhode: I Got a Great Degree I Can’t Afford Huffington Post Reader Question Dear Steve, Went to Temple University and got a BS in Exercise Physiology. I owe Sallie Mae over $165,000 in loans,… Like this:Like Loading...
  • Gordon Ramsay Sued For Mistreating His Workers Prepare for a shocker. Gordon Ramsay is being sued for mistreating his employees. Radar online is reporting that the celebrity chef known for hosting FOX… Like this:Like Loading...
  • Tarun Wadhwa: Lessons From My Father: Thinking Like An Entrepreneur In Everyday Life My dream was always to become a lawyer. I used to believe that law was the most direct way to impact the world around me…. Like this:Like Loading...
  • EPA Confirmation Delay Raises Questions About U.S. Carbon Rules By Valerie Volcovici WASHINGTON, June 14 (Reuters) – With a Senate vote on President Barack Obama’s nominee to head the Environmental Protection Agency still in… Like this:Like Loading...
  • The Man Who Risked Everything To Expose China’s Forced Labor MASANJIA, China — The cry for help, a neatly folded letter stuffed inside a package of Halloween decorations sold at Kmart, traveled 5,000 miles from… Like this:Like Loading...
  • Workplace Flexibility Isn’t All It’s Cracked Up To Be Assume for a moment that your employer let you decide when and where you worked — you might arrive early so you could leave in… Like this:Like Loading...
  • John Pavley: How to Cheat the Iron Triangle With Tony Schwartz I believe the iron triangle applies to almost every human endeavor. From throwing a party to keeping a marriage alive for 28 years, no plan survives it’s first encounter with reality. The only real question is which corner of the iron triangle am I going to compromise on? Like this:Like Loading...
  • In Pakistan, ‘Power, Power, Power Is The Problem’ GUJAR KHAN, Pakistan — A woman named Rehana Yasmin struggles to keep her sick 2-year-old granddaughter cool in a sweltering hospital where working air conditioners… Like this:Like Loading...
  • States With The Fastest Growing Economies U.S. gross domestic product (GDP) grew by 2.5% in 2012 after growing 1.6% in 2011, the most the economy has grown since 2006. Nationally, manufacturing,… Like this:Like Loading...
  • Black Swan Event: The Beginning of the End of Unpaid Internships Two years ago, they didn’t stand a chance. Two days ago, when I heard they had won, I dug the e-mail out of my inbox: “I’ve been glad to read about your upcoming book, Intern Nation. I recently worked as one of approximately 20 illegally unpaid interns for the Oscar-nominated film Black Swan.” The e-mail ...
  • One Way Tebow Will Definitely Help the Patriots A third-string quarterback with zero Pro Bowl appearances and highly criticized throwing mechanics—who was recently dumped by his team from last year, and who many football analysts predicted wouldn’t be in the NFL this year—will have one of the league’s hottest-selling jerseys. Immediately after the New England Patriots announced that Tim Tebow had signed a ...
  • Build a Team for Success If you’re not a Denver Broncos fan—heck, even if you don’t like football—you can still benefit from the leadership advice of Ted Sundquist, the team’s former general manager. Leaders who can keep a team focused, unified and on track are more likely to achieve their goals. But don’t take my word for it. Listen instead ...
  • 4 Reasons Excessive Overdraft Fees Just Won’t Go Away Despite regulatory reform aimed at reining in checking account overdraft fees, the penalty is still a cash cow for banks — to the tune of about $31 billion a year. That’s down from $37 billion in 2009, but a new report from the Consumer Financial Protection Bureau makes clear the number ought to be far lower. ...
  • Former Bank of America workers allege it lied to home owners (Reuters) – Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. Like this:Like Loading...
  • PIMCO’s Gross says Fed won’t raise rates significantly NEW YORK (Reuters) – Bill Gross, co-chief investment officer of PIMCO and manager of the world’s largest mutual fund, said Friday the Federal Reserve is not likely to raise interest rates anytime soon and that he sees intermediate-term Treasuries as an… Like this:Like Loading...
  • IMF urges repeal of ‘ill-designed’ U.S. cuts WASHINGTON (Reuters) – The International Monetary Fund urged the United States on Friday to repeal sweeping government spending cuts and recommended that the Federal Reserve continue a bond-buying program through at least the end of the year. Like this:Like Loading...
  • Calpers chief investment officer has prostate cancer LOS ANGELES (Reuters) – The chief investment of Calpers, California’s state pension fund, is undergoing treatment for prostate cancer, the fund said on Friday. Like this:Like Loading...
  • Exclusive: Hellman & Friedman plans IPO for Associated Materials – sources NEW YORK (Reuters) – Private equity firm Hellman & Friedman LLC is planning an initial public offering for Associated Materials, a maker of home-building products that it bought for $1.3 billion in 2010, two people familiar with the matter said on Friday. Like this:Like Loading...
  • Britain presses territories on tax action before G8 summit LONDON (Reuters) – Britain’s Prime Minister David Cameron will press its overseas tax havens to sign up to an international transparency treaty in London on Saturday, hoping to bolster British credibility ahead of next week’s G8 summit. Like this:Like Loading...
  • Wall St. Week Ahead: Investors will look to Fed to ease volatility NEW YORK (Reuters) – Stock investors eager to hear from the Federal Reserve about its plans for continuing economic stimulus may get some soothing words from the U.S. central bank next week. Like this:Like Loading...
  • Facebook got 9,000-10,000 government data requests in second half 2012 SAN FRANCISCO (Reuters) – Facebook Inc received between 9,000 and 10,000 requests for user data from various U.S. government entities in 2012′s second half, involving 18,000 to 19,000 of its users’ accounts, the world’s largest social network said in a… Like this:Like Loading...
  • Facebook got 9,000-10,000 government data requests in second half 2012 SAN FRANCISCO (Reuters) – Facebook Inc received between 9,000 and 10,000 requests for user data from various U.S. government entities in 2012′s second half, involving 18,000 to 19,000 of its users’ accounts, the world’s largest social network said in a… Like this:Like Loading...
  • Web companies begin releasing surveillance information after U.S. deal SAN FRANCISCO (Reuters) – Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they receive, a modest victory for the companies as they struggle with the fallout… Like this:Like Loading...
  • Web companies begin releasing surveillance information after U.S. deal SAN FRANCISCO (Reuters) – Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they receive, a modest victory for the companies as they struggle with the fallout… Like this:Like Loading...
  • Mitsubishi Motors eyes new Indonesian plant TOKYO (Reuters) – Mitsubishi Motors Corp is considering boosting output capacity in Indonesia and possibly building a new plant there to capitalize on brisk demand in emerging Asian economies. Like this:Like Loading...
  • BOJ’s REITs purchase to exceed previous estimate: paper TOKYO (Reuters) – The Bank of Japan will likely expand its purchase of Japanese real estate investment trusts (J-REITs) beyond its buying scheme announced earlier this year as part of the central bank’s hyper easing steps, the Nikkei business daily sai… Like this:Like Loading...
  • Aetna to exit California’s individual insurance market (Reuters) – Aetna Inc said on Saturday it has notified California’s insurance regulator that it plans to stop selling health policies to individual consumers in the state at the end of 2013. Like this:Like Loading...
  • Wal-Mart taps Cash as new presiding director, replacing Breyer (Reuters) – Wal-Mart Stores Inc said on Saturday that its board has appointed James Cash Jr. as lead independent director. Like this:Like Loading...
  • U.S. Unemployment Benefit Applications Fall to 334,000 (WASHINGTON) — The number of Americans seeking unemployment benefits dropped 12,000 last week to a seasonally adjusted 334,000, a decline that suggests steady job gains will endure. The less volatile four-week average decreased 7,250 to 345,250, the Labor Department said Thursday. Both figures are roughly 7,000 higher than month-ago levels, which were the lowest in ...
  • Gannett to Buy TV Station Owner Belo for $1.5 Billion (McLEAN, Va.) — Gannett said it reached a deal to buy TV station owner Belo for about $1.5 billion in cash, significantly boosting its presence in broadcasting. Under the agreement announced Thursday, Gannett will pay $13.75 per share for the TV station operator, which is based in Dallas. That represents a 28 percent premium over ...
  • Hindenburg Omen: A Real Problem for Stocks or Just Hot Air? When simple economics fail as an indicator for the direction of stocks, as is often the case, Wall Street likes to lean on a variety of myths, truisms, axioms, and bromides. Front and center right now: The Hindenburg Omen. Students of history can well imagine that this omen, such as it is, does not portend ...
  • Patient Zero: The Battle for Music Exclusives Heats Up This post is in partnership with Evolver.fm, which is the first publication for music fans that’s dedicated to music apps. The article below was originally published at Evolver.fm. Before a piece of music is everywhere, it is nowhere. At one magical point in between, new music appears on the internet for the very first time, in a certain, ...
  • Rupert Murdoch Files for Divorce from Wendi Deng (LOS ANGELES) — News Corp. CEO Rupert Murdoch has filed for divorce from Wendi Deng Murdoch, his wife since 1999, citing a breakdown in the relationship. The matter doesn’t alter the succession plan for the media company, which the 82-year-old founder controls through a family trust. Murdoch filed a one-page document Thursday indicating that he was opening a divorce case ...
  • You Probably Agreed to NSA Snooping When You Accepted That Website’s Terms of Service Everyone from Mark Zuckerberg down to the average Facebook user has expressed surprised outrage at the existence of PRISM, a top-secret government program that the National Security Agency uses to access user data from at least nine major Internet companies in order to target foreign threats. But maybe we all shouldn’t be shocked at all, ...
  • Grading Abenomics: After Stock Slide, Japan Economic Reforms Under Scrutiny Is Japan now officially in bear market? It’s a question being asked by many investors today, given that the Nikkei closed yesterday 20 percent down from a recent high on May 22nd. The market was up slightly, by 1.9%, on Friday, but mainly off the back of bargain buying. In technical terms, a 20 percent ...
  • No, the Lululemon CEO Didn’t Get Fired for See-Through Yoga Pants Earlier this year, yoga-wear company Lululemon had to initiate a massive recall of its popular luon yoga pants, which failed to fulfill one of the main duties of pants: opacity. The see-through-pants debacle cost the Vancouver-based firm an estimated $67 million in sales, and gave the press enough material for headline puns to last a ...
  • New Age Philanthropy: Donor-Advised Funds Defy Sluggish Giving Trends Charitable giving has a new look, one that is broadening the giving pool and helping keep the dollars rolling into nonprofits even during tough economic times, according to a new report. The reason for this change are so-called donor-advised funds, which are the fasting growing charitable giving vehicle in the country. Some 175,000 of these ...
  • Wall Street Falls in Love with Snapchat The photo-sharing app that’s all the rage with teenagers has found a surprising new clientele: Wall Street bankers and traders. Snapchat, an app that lets users send one another photos that self-destruct in seconds, is becoming increasingly popular in the heavily regulated world of finance — and it’s hard not to wonder if the trend is ...
  • Four Months After the ‘Poop Cruise,’ the Carnival Triumph Sails Again—And Is Sold Out Is it safe to go back in the water? Based on how the Carnival Triumph was fully booked last week, when it embarked on its first departure after the infamous “poop cruise” incident, plenty of cruise passengers seem to say yes. A local TV station in Texas reports that the first post-”poop cruise” voyage for ...
  • The Other Complication for Airbnb and the Sharing Economy: Taxes Sharing economy businesses like Airbnb, RelayRides, and FlightCar have come under fire recently, with participants accused of failure to comply with insurance regulations, building codes, and other rules. In addition to those complications, which I wrote about in the recent issue of TIME magazine, there’s the problem of taxes. Namely, it seems as if almost ...
  • The New and (Maybe) Improved Beverage Containers Beverage manufacturers just keep on inventing new bottles and cans—and growlers and pouches and “Vinis”—to hold beer, wine, and other drinks. This summer, your beverage of choice may come in an innovative new container that makes the drink fresher and tastier. Then again, the vessel’s main innovation could just be that it’s more eye-catching than ...
  • Amplats workers end underground protest at South African mine JOHANNESBURG (Reuters) – Anglo American Platinum said on Saturday operations at its Thembelani mine in South Africa were back to normal after a “group of employees” on Friday prevented 2,400 workers from going above ground. Like this:Like Loading...
  • Tesco stops sourcing from a Bangladesh factory due to safety concerns LONDON (Reuters) – Tesco, the world’s No. 3 retailer, has stopped sourcing clothes from a factory in Bangladesh after discovering serious problems with the safety of a building, the company said on Saturday. Like this:Like Loading...
  • Spain’s Rajoy calls on ECB to create bank lending scheme for smaller companies MADRID (Reuters) – Spanish Prime Minister Mariano Rajoy on Saturday called on the European Central Bank to create a cheap funding scheme for small businesses, mirroring those used by authorities outside the euro zone to try and get credit flowing via b… Like this:Like Loading...
  • U.S. SEC charges, fines Revlon for misleading shareholders June 13 (Reuters) – The U.S. Securities and Exchange Commission on Thursday said it charged Revlon Inc with misleading shareholders about details of a “going-private” transaction, and the cosmetics… Like this:Like Loading...
  • Rocky market derails Unilabs high yield bond LONDON, June 13 (IFR) – Swiss medical diagnostics business Unilabs postponed a EUR685m three-part high-yield bond on Thursday, citing unfavourable market conditions following a sharp widening in… Like this:Like Loading...
  • Envision Healthcare Holdings files for IPO of up to $100 million June 13 (Reuters) – Envision Healthcare Holdings Inc, the parent of the largest U.S. provider of ambulance services formerly known as Emergency Medical Services Corp (EMSC), filed with regulators to… Like this:Like Loading...
  • BRIEF-Royalty says Elan Ads holders seen rejecting deals DUBLIN, June 14 (Reuters) – Royalty Pharma: * Royalty pharma – says elan ads holders decisively vote against theravance and Like this:Like Loading...
  • Cerberus questions management of Japan’s Seibu ahead of annual meeting TOKYO, June 14 (Reuters) – Cerberus Capital Management LP publicly questioned the management of Seibu Holdings on Friday, hoping to garner support for its plans to shake up the board of the Japanese… Like this:Like Loading...
  • JPMorgan’s private equity unit to become independent June 14 (Reuters) – JPMorgan Chase & Co said its private equity unit, One Equity Partners, will become independent from the bank and raise future funds from an external group of partners. Like this:Like Loading...
  • UPDATE 2-JPMorgan’s private equity unit to become independent June 14 (Reuters) – JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses. Like this:Like Loading...
  • Deals of the day — mergers and acquisitions June 14 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: Like this:Like Loading...
  • Bain Capital-backed Trinseo files to withdraw $400 million IPO June 14 (Reuters) – Trinseo SA, a plastics maker backed by Bain Capital, said on Friday that it has decided not to pursue its proposed initial public offering of up to $400 million. Like this:Like Loading...
  • Wilbur Ross-backed International Automotive Components files for $115 mln IPO June 14 (Reuters) – International Automotive Components Group, backed by billionaire U.S. investor Wilbur Ross, filed with U.S. regulators on Friday to raise up to $115 million in an initial public… Like this:Like Loading...
  • Stock Building Supply Holdings files for up to $175 million IPO June 14 (Reuters) – Stock Building Supply Holdings Inc filed with regulators to raise up to $175 million in an initial public offering, the latest building supplier looking to tap the market to take… Like this:Like Loading...
  • Lululemon Posts “CEO Wanted” Ad On Homepage Of Its Website High-end yoga-wear maker Lululemon is advertising for a new CEO. Apply online if you have Bill Clinton and Oprah Winfrey on speed dial. Via: lululemon.com Visitors to Lululemon’s website today looking for $98 yoga pa… Like this:Like Loading...
  • Deal Code Name Challenge Bankers and lawyers negotiating deals often use code names to prevent press leaks. As the deal economy has grown, they have become an integral part of Wall Street M&A culture. Test your knowledge with our code name quiz. When it comes to neg… Like this:Like Loading...
  • PRESS DIGEST – Wall Street Journal – June 14 June 14 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. Like this:Like Loading...
  • Market Chatter-Corporate finance press digest June 14 (Reuters) – The following corporate finance-related stories were reported by media on Friday: Like this:Like Loading...
  • Help for retailers — by the book Retail executive George Minakakis maps out a road to success for retailers in his book. Like this:Like Loading...
  • Steel fight adds to EU-China trade tension Another product, steel tubes, was added Thursday to the growing list of goods currently subject to a trade dispute between Europe and China. Like this:Like Loading...
  • Coty makes its public debut Read full story for latest details. Like this:Like Loading...
  • Would a smartphone ‘kill switch’ deter thieves? Read full story for latest details. Like this:Like Loading...
  • Exxon sued over Arkansas pipeline spill Read full story for latest details. Like this:Like Loading...
  • News Corp CEO Rupert Murdoch files for divorce News Corp CEO Rupert Murdoch filed for divorce from his wife Wendi, days after his company announced approval of its own split, a Murdoch spokesman confirmed Thursday. Like this:Like Loading...
  • Nintendo sticking to its strategy despite soft sales Since the days of the Nintendo 64, the masses have flocked to Nintendo’s systems on the strength of its games. Like this:Like Loading...
  • Rwanda’s new coffee buzz Rwanda’s coffee beans — now imported by the likes of Grace Hightower De Niro — are bolstering the economy of the central African nation. Like this:Like Loading...
  • Regulator eyes currency traders Read full story for latest details. Like this:Like Loading...
  • Gmail attacks spike as Iran votes Phishing campaigns spike on eve of Iranian election. Like this:Like Loading...