Why the new Cold War matters
Related: Russia is buying weapons – a lot of them So too is cutting off ties, refusing to engage, reaching for sticks and forgetting the carrots, and writing into law…
Category: Business
Davos just got a whole lot more expensive
On top of that, companies have to pay $20,000 per executive for a ticket. Then there are other essentials, such as bed and breakfast, not to mention wining and dining….
Target shuts down in Canada
Target is seeking a court’s approval to set aside 70 million Canadian dollars, or $59 million, to cover the cost of providing 16-weeks of compensation and benefits for affected employees….
U.S. airlines eager to fly to Cuba
Related: The promise for American businesses if Cuba sanctions are lifted – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All…
Texas: The boom-and-bust oil capital of America
Walker, now co-owner of oilfield services company Frontier Services, learned to keep cash on hand and avoid loading up on debt to pay for equipment. “I may have to get…
Sleepy Switzerland jolts currency markets
The ECB is widely expected to announce stimulus measures on January 22. That will flood the market with euros, making it difficult for the Swiss to defend a fixed exchange…
Forget actors — LA is full of wannabe Mark Zuckerbergs
“What it was like to start my company in ’98 compared to now, it’s night and day,” said Gil Elbaz, an entrepreneur and investor. “Even in the last five years,…
Caesars unit files for bankruptcy
In its 2013 annual report the group said the extent of its debt problems would require the company to “ultimately seek a restructuring, amendment, or refinancing of our debt.” –…
States where taxes hit the poor hardest
“No-income-tax states like Washington, Texas and Florida do, in fact, have average-to-low taxes overall. However, they are far from ‘low-tax’ for poor families,” the report notes. In Illinois, there is…
More victims of cheap oil: Schlumberger cuts 9,000 jobs
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar:…
IRS will do fewer tax audits this year
Related: 10 audit red flags The commissioner’s big concern: fewer audits will mean the agency will collect less of the money owed. He estimated that the IRS has been unable…
Despite condemnations, brisk sales for Charlie Hebdo
Related: Charlie Hebdo sells for hundreds of dollars on eBay The cover of this week’s issue, a depiction of a tearful Prophet Mohammed holding a “Je Suis Charlie” sign, has…
Xiaomi’s new phone wants to be an iPhone killer
Other products launched Thursday included headphones, and a tiny set top box. The privately-owned company is known in China for its cheap phones and ardent fans. The devices — which…
Southwest hit with $1.6 million fine for stranding passengers on tarmac
JetBlue (JBLU) passengers who were trapped on the tarmac for many hours got national attention after an ice storm caused long delays at New York’s John F. Kennedy Airport in…
Blockbuster ‘Lego Movie’ snubbed by Oscars
The films that were nominated over “Lego Movie” were “Big Hero 6,” “The Boxtrolls,” “How to Train Your Dragon 2,” “Song of the Sea,” and “The Tale of The Princess…
Warning: Bond rates are going negative
Switzerland isn’t alone in going negative. The yield on short-term government bonds of Belgium, Denmark, France, Germany, Japan, and the Netherlands are all sub-zero. Even short duration U.S. bond rates…
Elon Musk’s Hyperloop dream lives on
In California, the tube could be built above ground, roughly following the Interstate 5 highway between L.A. and S.F. The entire thing would be powered by solar panels mounted on…
Uncle Si’s Iced Tea maker sues Duck Commander
Under the terms of its agreements, Duck Commander was supposed to do photo shoots, media interviews, special appearances and planned meetings to promote the tea. But the lawsuit says that…
Elon Musk donates $10 million to back his fight against killer robots and computers
Related: Musk warns against unleashing AI ‘demon’ – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Uniqlo owner promises to clean up its factories
“Respecting human rights and ensuring appropriate working conditions for the workers of our production partners are top priorities for Fast Retailing, and in this we are completely aligned with SACOM,”…
Woe Canada! Many U.S. retailers fail up north
Antony Karabus, CEO of HRC Advisory, a retail consulting firm in Toronto, said some of these American retail chains expanded too aggressively. In some cases, there just simply wasn’t a…
Box office duds threaten Oscar ratings
A lack of known popular films was arguably one of the reasons the Academy expanded the Best Picture field from 5 to a possible 10 nominated films in 2009. –…
The new Charlie Hebdo is on sale in Paris
The initial plan called for 3 million copies to be distributed in France and other countries, a fifty-fold increase from Charlie Hebdo’s typical weekly circulation of 60,000. But the new…
Chipotle goes pork-free at some restaurants
Chipotle did not identify which of its suppliers had been suspended. A spokesperson for Chipotle supplier Niman Ranch insisted it was not them. – Chicago Mercantile Association: Certain market data…
Stop this stock market ride! I want to get off!
Oil prices actually stabilized on Wednesday. But the large drop in crude that started last fall and has continued into 2015 has definitely been one reason why traders have been…
Mexican billionaire more than doubles New York Times stake
“We believe a share repurchase program in this instance is an appropriate use of the cash proceeds,” said Mark Thomposon, president and CEO. “We believe it is in the best…
3 red flags causing the market to panic
2. Keep an eye on copper’s dramatic fall: One growing global worry is the steep decline in copper, which is used in many products and is often viewed as good…
25-year-old Doritos contestant could earn $1 million from $80 ad
Spoiler Alert: In the ad, a dancer is so revved up on Doritos chips that he picks up his partner for a beautiful aerial dance move. That’s when he slips…
Cheap oil can be good for stock market
The stock market shrugged off the turmoil in oil as well. The S&P 500 rose nearly 15% in 1986 and the Dow gained about 23%even though crude prices plummeted more…
Gas is less than $2 at most U.S. stations
It was just six weeks ago that a station in Oklahoma City became the first to dip below $2, but other stations quickly followed suit. – Chicago Mercantile Association: Certain…