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…
Tag: mercantile
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…
Dow jumps 275 points as oil prices rebound
“When you see an asset class in free fall, it’s hard to get excited about anything else. You’re not going to buy stocks because you’re afraid falling oil is a…
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…
‘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…
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…
Las Vegas casinos are losing big in Macau
But China isn’t a winning bet right now. An anti-corruption campaign by the Chinese government, travel restrictions and a smoking ban on casino floors are keeping gamblers with deep pockets…
Even millionaires struggle with depression
“You’re saying, well gee, I’m the CEO or I’m the Goldman Sachs partner or partner at McKinsey or whatever the high status thing is, and I’m supposed to have my…
How an oil boom brought diversity to North Dakota
He said he often sees other Africans around town. Sometimes they stop him and ask for advice on how to get a job. “A lot of them are farm people,…
Los Angeles director wins $1 million in Super Bowl Doritos ad contest
Nearly 4,900 contestants participated in this year’s Doritos contest, submitting 30-second Super Bowl spots to vie for the $1 million grand prize. Related: Doritos contestant wins $25,000 from spot with…
London’s population at record high
4. Pricey homes: The influx of rich has left its mark on London’s property market, which is now worth as much as Brazil’s annual economic output. 5. Moving around: More…
The Buffett Rule is back
The president’s budget also calls for a change to “a loophole that lets some high-paid professionals avoid Medicare and Social Security payroll taxes, costing the Trust Funds almost $10 billion…
China’s anti-corruption campaign snags banking heavyweight
One of Minsheng’s top stakeholders, Chinese insurance firm Anbang, made headlines last year after acquiring the iconic Waldorf Astoria luxury hotel for nearly $2 billion. – Chicago Mercantile Association: Certain…
Pint of hypocrisy? Bud makes fun of craft beer in Super Bowl ad
At the time, former Anheuser-Busch president David Peacock said that the company was “very committed to expanding in the high end beer segment, and this deal expands our portfolio of…
Sprint, T-Mobile CEOs in Super Bowl Twitter brawl
Claure used an image to respond to Legere’s “half-assed” tweet. The message was: “Never sacrifice your class to get even with someone who has none. Take the high road.” Legere…
Union oil workers go on strike
The National Oil Bargaining talks, first held 50 years ago, sets a contract that covers workers at at least 65 refineries around the U.S. The USW said its key demands…
Super Bowl ads: The year of the Dad
It’s amazing that it took this long for marketers to realize that ads that tug at the heartstrings of emotionally engaged fathers can be as effective (if not more so)…
Super Bowl advertisers ‘are on trial’
Companies facing negative reviews on Sunday nightbut still lots of chatter about their adsincluded Nationwide Insurance, T-Mobile and GoDaddy. Nationwide’s ad showed a boy speaking about the life he would…
The tale of the missing Super Bowl I tape
The Paley Center for Media, a cultural organization, restored the recordingoriginally on two-inch quadruplex tapesbut “we keep it locked up in a vault,” said Ron Simon, Paley’s curator. Simon has…