France: We’re bringing economy in line with reality
Hollande said his government would also improve the tax system to encourage companies, entrepreneurs and workers to come to France. “We’re investing in bringing investment to France,” he said. –…
Tag: chicago
NHL partners with GoPro for on-ice action during live games
Related: Apple patents camera, and GoPro shares tank The on-ice footage will likewise be used on the social media platforms of the NHL and GoPro throughout the season. – Chicago…
Phone wars: Li Ka-shing’s Hutchison to buy O2 for $15 billion
Related: Hong Kong has a tycoon problem Li has been on spending spree of late, earlier this week paying £2.5 billion ($3.75 billion) for Britain’s Eversholt Rail. – Chicago Mercantile…
Oil crash may kill the Texas housing boom
A number of large, Texas-based energy companies have recently announced job cuts, including 7,000 by Baker Hughes (BHI) and 9,000 by Schlumberger (SLB). Not all of those jobs cuts will…
Heard at Sundance: ‘Black lives matter’
“There is no reason to sing those songs” now, Simone said. “Nothing is happening. There is no civil rights movement.” Garbus said, “I think that’s one of the saddest moments…
Jack Ma: Alibaba is just a baby
Alibaba is a growing force in Asia, Brazil and Russia, where it’s already one of the top three e-commerce entities. It’s also helping farmers in Washington state and fishermen in…
Microsoft unveils next version of Office
But Microsoft understands that a lot of people still want to use Office the old-fashioned way. For them, Microsoft will release a new version of Office called Office 2016 in…
McDead? More lousy results from McDonald’s
“As we begin 2015, we are taking decisive action to regain momentum in sales, guest counts and market share,” said CEO Don Thompson said in a statement Friday. The company…
Box jumps 70% in first big IPO of 2015
Late Thursday Box priced its initial public offering at $14 per share. That means there’s lots of demand for Box shares because the company anticipated going public at $11 to…
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…
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…
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…
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…
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…
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…
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.
New stats spur rivalry between Chicago and Atlanta airports
The score for 2014: Chicago, 881,933; Atlanta, 868,359. Hey, this is important. It’s about who’s No. 1. It’s about bragging rights. “Chicago reclaims its place” as the “world’s busiest airport,”…
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…
$7.54 for a Big Mac? Only in Switzerland
On average, a Big Mac in Russia will set you back $1.36, or 89 rubles. Russia’s currency has plunged to record lows in recent months as falling oil prices combined…
Europe says no reason to ease pressure on Russia over Ukraine
Related: Ukraine president says no room for negotiations with Russia Sanctions left Russia more exposed to the collapse in oil prices that is wreaking havoc on its economy, still heavily…