American whiskey popularity grows overseas
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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…
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…
Silk Road founder’s parents speak out
Kirk: It was like a bomb went off in the house. We had no idea anything like that was coming. CNNMoney: Tell me about the Ross you know. Lyn: Ross…
S&P to pay $1 billion to settle U.S. charges about ratings on mortgage securities
S&P had initially argued that the lawsuit lacked merit and suggested that the government was acting in retaliation for downgrading the United States credit rating in 2011. The ratings agency…
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…
Caddies to PGA: Stop treating us like second-class citizens
Caddies are experts on golf courses, and a good caddie can mean the difference between a loss and a win. The complaint says “caddies also serve as coaches, strategists, general…
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…
How many funds is too many for your retirement portfolio?
I don’t want to set a specific limit to the number of funds you should havefive, six, seven or whatever. But once you’ve got a diversified core portfolio, any extra…
Geolocate your keys — or your cat
Users take a picture of each item and assign each tag a name in the app. Then, affix the tag onto the item. Next time it’s missing, just open up…
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…
Corinthian students get $480 million in debt relief
Corinthian’s tuition is expensive – a bachelor’s degree can cost as much as $75,000. Federal loans won’t cover such high tuition, so students often had to take out private loans….
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,…
Alibaba strikes financing deal with Lending Club
Read next: Non-bank loans: Quick, easy…and addictive? Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two…
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…
Controversial, Capitalist Koch Brothers Pledge Millions To Catholic University Business School
(RNS) Billionaire brothers Charles and David Koch recently made headlines by pledging nearly $900 million to help elect candidates who support their libertarian strain of economic conservatism, but the industrialists…
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…
‘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….