Bill & Melinda Gates’ next target: banking
Literally stuffing cash in a mattress: People in rich countries can drive or walk to the bank, use digital services like PayPal and write checks that can be deposited, sometimes…
Tag: reserved
Tootsie Roll names 83-year old widow as new CEO
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Samsung-BlackBerry rumors still swirl
The anonymous source that spoke to The Financial Post told the paper that Watsa would likely endorse a deal above $15 a share. Related: BlackBerry ended 2014 on a sour…
Oil boomtown: ‘We could see 20,000 layoffs by June’
Arthaud, a North Dakota native who’s been active in the state’s oil industry since the late 1970s, said he isn’t particularly concerned for his company, which employees some 2,000 people…
I’ve made millions playing poker, own almost nothing
In 2013, my travels led me to a silent meditation retreat at a Buddhist monastery on a small island in Thailand. I handed over what was left of my belongings,…
Struggle City: Most U.S. cities haven’t recovered yet
Related: Still waiting for a pay raise? You’re not alone The other America: Meanwhile, several U.S. cities located near the Great Lakes ranked in the bottom 50 cities worldwide for…
ECB expected to unveil new stimulus
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Hands on with Microsoft’s HoloLens
Related: Microsoft’s insane holographic vision of the future After an on-stage demonstration of the sleek, wraparound black glasses, Microsoft gave reporters four hands-on demos of the device at its Redmond,…
London mayor Boris Johnson bends to IRS, settles U.S. tax dispute
Last year, Johnson told NPR that officials were “coming after him” for capital gains tax on the sale of his first London home. Asked whether he would pay the bill,…
Wal-Mart China: Hitting headwinds
In the 1980s, China started opening up and rolled out the welcome mat: tax breaks and other incentives to attract technology and capital. Now China’s just a more “normal” place…
Greece elections: Have 5 years of austerity paid off?
Related: EU must end austerity and restructure debt 2. Healthier banks: Greece’s banking sector is much more resilient. Banks have been recapitalized and the industry has downsized from 18 commercial…
The Army gun: My ‘Lethal Weapon’ moment
I first heard about the M9 in 1985, when the Army first issued it to replace its previous gun the Colt M1911, reminding me of my grandfather who served in…
McDonald’s sued over claims of racism
“McDonald’s closely monitors everything we do, from the speed of the drive-through line, to the way we smile and fold customers’ bagsbut when we try to tell the company that…
T-Mobile rejects half of its customers because of bad credit
“This is the dirty little secret in the industry,” Carey said. “You see all these adsget this, get thatbut if you step back and see what’s happening, one out of…
3 reasons why the ECB stimulus matters
Draghi said Thursday that the ECB will purchase €60 billion worth of bonds a month as part of its so-called quantitative easing program, a good bit higher than chatter Wednesday…
Obama’s #SOTU press strategy: all of the above
Related: How Obama would close the ‘trust fund loophole’ The White House started pushing what it called State of the Union “spoilers” as soon as the New Year started, leading…
Heath insurers are stock market darlings thanks to Obamacare
Simply put, greater access to health insurance has led to more customers for the insurance giants. And UnitedHealth is not the only company to benefit. The other four members of…
Toy story: What toy sales tell us about China’s future
John Liu, the Marketing Director of Zenit, a Chinese company that sells high-quality wooden toys, said that he first realized two years ago that there was a strong opportunity to…
30% of U.S. shale industry may vanish — Ross Perot Jr.
Perot’s comments come as a growing number of oil companies announce cuts to jobs, production and investment. BHP Billiton (BBL) announced Wednesday it was cutting its U.S. onshore rig operations…
Fox’s Bill O’Reilly calls possible lawsuit from Paris ‘ridiculous’
O’Reilly accused Hidalgo of “playing to the left” and added, “The suit’s going nowhere. It’s ridiculous.” On Tuesday Hidalgo told CNN’s Christiane Amanpour that Fox News had “insulted” her city…
Macau: China’s gambling mecca desperately needs to diversify
More than 80% of government revenue comes directly from the casinos. When the industry booms and tax revenue jumps, residentsmost of whom are employed in the businessreceive payouts from the…
Driving a jet-powered Corvette
Both cars were perfectly legal to drive on public roads, but the Chrysler, of which 55 were built, felt absolutely ordinary compared to the one-and-only Jet Vette. While the Chrysler…
Billionaires battle for the Internet in space
Whoever owns the skies has the opportunity to be the telecom operator of the future, creating a network in space akin to what AT&T (T, Tech30) made by laying down…
Hackers tweet ‘I am not Charlie’ from French newspaper account
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Oil tycoon Harold Hamm sells company for $3 billion
Related: Winners and losers of oil’s plunge – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Jay Leno wades into Cosby controversy
However, instead of being edited, Buress’ act went viral, leading to the public getting its news without any filter. “Because somebody just filmed it and put it out there, you’re…
Oil’s influence on stocks is ‘not normal’
Since the beginning of this year, that correlation has jumped to 60% or even higher. On some three-day stretches it has even hit 90%. That’s because when prices of some…
EBay cuts 7% of workforce
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Jindal’s PAC takes on ‘liberal media’ in fight over ‘no-go zones’
Related: Paris mayor says she will sue Fox News The idea of “no-go zones” reached a fever pitch on Fox News following this month’s terrorist attacks in Paris. – Factset:…
Time to get your Starbucks (stock) again?
The departure story: Alstead was just promoted last January to COO from Chief Financial Officer, and became responsible for the company’s daily business. His departure comes right after Starbucks had…