Sex, drugs and murder in oil country
Related: Oil boomtown could see 20,000 layoffs by June With all that expensive oil field equipment around, theft is a big issue. One company recently had a forklift stolen right…
Tag: chicago
Mysterious ‘Apple Electric Car, Inc.’ files for patent
Purcher noted in this blog that the granted patent might have been acquired by another company, because one of the inventors listed on the patent has no connection to Apple…
OPEC leader sees oil prices shooting back to $200 a barrel
Underinvestment leads to a shortage: The Secretary-General said that, “if you don’t invest in oil and gas, you will see more than $200” when it comes to future oil prices….
Ad revenue expected to drop more at the New York Times
“This is tricky territory, but some of the best news organizations in the world have already navigated it,” Baquet said. – Most stock quote data provided by BATS. Market indices…
K-cup ‘Freedom Clip’ lets you brew unauthorized coffee
A spokeswoman from Keurig Green Mountain disputed the notion that it doesn’t offer choice, noting that more than 400 different beverages from 60 brands are authorized for the Keurig 2.0…
Oil refinery strike negotiators back at the table
ExxonMobil (XOM), which has employees covered by the nationwide contract, said it won’t comment on negotiations but that it wants to reach a deal “to allow us to operate safely.”…
Uber to develop self-driving cars
But the Wall Street Journal, also citing an anonymous source, batted that notion down, calling Bloomberg’s report “blown out of proportion.” The Journal said that the app Google is developing…
Your chocolate bar is getting smaller
“Won’t be able to call it a family block anymore. We are a family of five and we will be lucky to get three pieces each,” said Cheryl Woodlands. –…
Disney’s profits keep on their hot streak, earnings beat expectations
During a call with analysts, Iger made a point of noting that the company has 11 franchises that will generate $1 billion in retail sales this year. – Most stock…
Oil shock: More energy firms slash spending
Last week, Royal Dutch Shell said it was scaling back its planned capital investment by $15 billion over the next three years. Chevron (CVX) said it would trim spending by…
IRS says it’s using technology from JFK’s time
“It’s like driving a Model T that now has a great GPS system and wonderful sound system, [and] has a rebuilt engine,” he said. Part of the problem: All the…
McDonald’s tried to turn Chipotle into another McDonald’s
Related: 5 stunning stats about McDonald’s Chipotle refused to take advice from the industry leader on other weighty issues. – Most stock quote data provided by BATS. Market indices are…
Chipotle stock tanks after earnings. Was it a little too hot?
Higher food prices are also affecting Chipotle’s bottom line. Food costs rose an hefty 35% last quarter as certain meat prices are at historic highs. But customers can rejoice: Chipotle…
Charlie Hebdo to return on Feb. 25
Watch: Mayor says Paris will sue Fox News – Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed…
RadioShack employees wonder: What’s next?
Even if RadioShack is circling the drain, staffers won’t necessarily be out of work immediately. – Most stock quote data provided by BATS. Market indices are shown in real time,…
Is the 3-D printing revolution already over?
Rendering images in 3-D and printing them out is undeniably cool. It’s something that many businesses in a variety of industries are using. Clothing, engine parts, food and hearing aids…
Wall Street bets on Staples-Office Depot marriage
In a letter to Staples CEO Ron Sargent last month, Starboard suggested that it could enlist other shareholders to join its cause if the company didn’t cooperate. Staples responded that…
Doom and gloom dominates Corporate America
Strong dollar, weak guidance: Just look at what United Technologies (UTX) said late last month when it warned of below-consensus results. The helicopter and elevator maker said that while it…
Why should we trust the Sony PlayStation Network ever again?
But it’s been especially patchy lately. In August, digital punks calling themselves “Lizard Squad” interrupted the PlayStation Network along with several others. On Dec. 8, they attacked knocking the network…
‘American Sniper’ now ranks as No. 1 war movie at the box office
The war movie milestone is significant. Critically-acclaimed movies set in Iraq, like “The Hurt Locker,” and other post-9/11 features like “Zero Dark Thirty,” earned just a fraction of what “Sniper”…
Offshore corporate cash piles at risk from Obama tax plan
“I don’t think this is going to pass,” said Kelly Phillips Erb, a tax attorney in the Philadelphia area, who said the proposed tax rate of 19% is unrealistically high….
3 stocks we’re never selling
This unique competitive position combined with a focus on maintaining dividends is a recipe for long-term profits for investors and makes the stock worth holding forever. Related: Are We on…
Stocks plunge, but bonds are still red hot
And the dollar is on fire right now. Higher interest rates and strong currencies often go together like peanut butter and jelly. But it all comes down to safety. Investors…
New Lands’ End CEO comes from Dolce & Gabbana
Huber led the apparel company through its spinoff last year from another iconic American brand, Sears (SHLD). Sears bought Land’s End in 2002. – Chicago Mercantile Association: Certain market data…
Super Bowl XLIX posts record overnight TV ratings
According to ESPN’s Sports Business Reporter Darren Rovell, 89% of the TVs on in Seattle during the game were tuned into the Super Bowl. – Chicago Mercantile Association: Certain market…
Greece: We’re not looking for a fight over debt
Read more: Greek banks plunge as new government challenges bailout Campaign promises to end austerity don’t mean Greece would not meet its obligations to the ECB or IMF, Tsipras said…
Julián Castro: Obama’s housing chief wants to talk about the middle class, not politics
But Castro said he is confident that 2015 can be “a year of housing opportunity.” Falling gas prices, easing home prices and low interest rates mean “more folks will have…
Another new record for Super Bowl streaming
An NBC Sports spokesman said the average streaming viewership number is not yet available. Even with a peak of 1.3 million simultaneous viewers, the online streams account for barely 1/100th…
Half of Super Bowl ads had hashtags
“Preventable ads are the #1 cause of death among our multi-year ad contracts. #MakeSafeHappen,” tweeted Sean Davis, chief operating officer at Media Trackers. Related: Super Bowl advertisers ‘are on trial’…
Nationwide ad meant to be jarring
And Jauchius told his colleagues that the dead child ad “balances that edge of being interventionist to get attention, but it’s approachable enough not to turn people off at the…