Uber restarts in New Delhi
Related: Uber’s global ambitions hit roadblocks If granted a license, Uber will be regulated under the same set of rules as taxi companies. Uber has long argued that it is…
Category: Business
Davos elite: We are not the bad guys
“Billions of people in emerging markets are lifted to the middle class,” he said. “I am not going to apologize for creating a company that employs 179,000 employees.” Inequality is…
AT&T texts can be faked to hack you
Third, the text messages don’t even have a consistent format. Sometimes they start in all capital letters: “AT&T FREE MSG.” At other times they’re lowercase: “AT&T Free Msg.” To test…
Russian elites warn West: Sanctions will never move Putin
“Russia and America might have no relationship after that,” said VTB’s Andrey Kostin on Friday. “If there is no SWIFT, there is no banking … relationship, it means that the…
2015 World Economic Forum: Live Updates From Davos
The 2015 World Economic Forum is taking place in Switzerland this week. The event, also known as the Davos Annual Meeting, brings together some of the world’s leading voices in…
Tim Cook on his way to the billionaire club
Despite his big payday, Cook was one of the lowest-paid executives at Apple (AAPL, Tech30) last year. New Apple Store chief Angela Ahrendts got a $73.3 million pay package, most…
16 firms worth billions even though they lose millions
Here are 15 other tech companies worth billions despite making no money: 1. Snapchat: At $10 billion, fast-growing Snapchat is one of the world’s most valuable private tech startups. Yet…
Rocker Jerry Lee Lewis’s Harley for sale
The titles of his best-known songs went go along with his white-hot stage presence. Among the most memorable were “Great Balls of Fire,” “Breathless” and “Whole Lotta Shakin’ Going On.”…
Lands’ End missed the lumbersexuals memo
Smells like Sears: Experts believe the problem for Lands’ End might be its ongoing relationship with Sears. Although Sears (SHLD) spun off Lands’ End into separate company in April, Lands’…
Google is becoming a wireless carrier
Related: T-Mobile rejects half of its customers because of bad credit Adding Google to an already competitive field that is in the middle of a major price war isn’t likely…
Kelley Blue Book’s Best Resale Value Cars
A number of domestic vehicles topped their respective market segments, according to KBB. Among high-performance cars, General Motors’ Chevrolet Corvette holds its value best and the Camaro V6 is best…
Sony: Hack so bad, our computers still don’t work
The film has brought in at least $46 million to date. On Tuesday, Netflix (NFLX, Tech30) announced that the Seth Rogen comedy will be made available to its subscribers in…
How CNN’s Global Wage Calculator was put together
The share of employees in total employment varies across the world. In most developed economies, employees represent about 85% of total employment. However, in developing countries this is much less….
Obamacare website reins in personal data sharing
Citing Healthcare.gov’s many technology glitches, they wrote: “This new information is extremely concerning, not only because it violates the privacy of millions of Americans, but because it may potentially compromise…
Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Exchange
Now two of the biggest boosters of the virtual currency, Cameron and Tyler Winklevoss, are trying to firm up support by creating the first regulated Bitcoin exchange for American customers…
Sports Illustrated lays off its staff photographers
Novak acknowledged that the decision was driven in part by financial considerations. “As a media enterprise, it’s incumbent upon us to manage our business in a way that delivers the…
‘Records on top of records’ for ‘American Sniper’
It wasn’t a coincidence that the Academy Awards nominations were announced a day earlierCooper was nominated for best actor and the movie was nominated for best picture, giving “Sniper” even…
A Scorsese Documentary on Bill Clinton Is Stalled
Martin Scorsese has tackled the mob, the Dalai Lama and the real-life Wolf of Wall Street. But he appears to have met his match in Bill Clinton. Mr. Scorsese’s partly…
Madoff defends sons in email to NBC
Madoff once again asserted that his sons were never involved in his massive, long-running Ponzi scheme, a claim that he has made since his arrest in Dec. 11, 2008. He…
Europe Puts Its Money on the Table
After more than a year of speculation, Mr. Draghi, the never-predictable head of the European Central Bank, has given global investors what they have clamored for, with an extra twist:…
Fast Track on Drug for Ebola Has Faltered
As Ebola raged through West Africa last summer, an experimental drug was tried for the first time on two American aid workers in Liberia who were gravely ill with the…
JPMorgan’s Dimon Gets Cash Bonus, Total Pay Unchanged
Jan 22 (Reuters) – JPMorgan Chase & Co paid Chief Executive Jamie Dimon a first cash bonus in three years, part of a total 2014 pay package of $20 million…
Oil price collapse saves China $100 billion in six months
Oil prices tumbled from $116 per barrel to less than $50 in just six months, with the fall accelerating after OPEC decided in November not to cut production. Lin’s comments…
Finally, Jamie Dimon gets his cash bonus
Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
How Uber Fails To Prove Its Drivers Make More Than Taxi Drivers
There’s a lot of uncertainty about how much money Uber drivers make and whether being an Uber driver is, as the company says, an ideal part-time job. Uber released a…
European Central Bank Launches 1 Trillion Euro Stimulus
* ECB launches bond-buying program with new money * Amounts to 60 bln euros a month together with existing schemes * Program to run until end-September 2016 * National central…
E.C.B. Move Leaves Further Stimulus Up to Eurozone Politicians
Mario Draghi, the European Central Bank president, said Thursday that the governing council agreed to a quantitative easing program that will see it buy up to 60 billion euros’ worth…
Your Chipotle Could Be Getting Carnitas Back Soon
Carnitas lovers rejoice! (Sort of.) Finding carnitas during the ongoing Chipotle pork shortage may not be as hard as you originally thought. The Mexican chain is rotating the menu item…
Mario Draghi’s Bombshell is Europe’s Last, Best Hope to Return to Growth
Follow Us: Get the Upshot in your Inbox JAN. 22, 2015 Neil Irwin – For nearly eight years, since the first tremors of what would become the global financial crisis…
Southwest Airlines is saving billions on fuel
Related: Delta Air Lines is saving $2 billion on fuel – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights…