Business News
Do We Need Hierarchy?
Forbes - 16 Jan 2015 11:13
The words "future of work" and "hierarchy" don't exactly go together. I have never come across an executive who said they wanted to add more layers to their organizations or create MORE hierarchy. In fact in today's rapi...
Again? Stock Indexes End Lower for Fifth Consecutive Day
The Street - 16 Jan 2015 02:27
NEW YORK (TheStreet) -- The stock indexes closed down for the fifth day in a row on Thursday. The DJIA lost another 106.38 points to close at 17,320.71 while the S&P 500 was lower by 18.60 to close at 1,992.67. The Nasd...
VIDEO: Swiss franc soars as euro cap ends
BBC - 16 Jan 2015 15:23
The Swiss franc soars as much as 40% in chaotic trade after the Swiss Central Bank abandon the cap on the currency's value against the euro.
Watch SpaceX's Falcon 9 explode in crash landing
Venture Beat - 16 Jan 2015 22:37
SpaceX today posted a video of its Falcon 9’s short flight on Saturday, the first attempt after multiple delays. The rocket had a successful launch from the autonomous ocean platform, though the same can’t be said fo...
Luxury Brands Should Ride High In 2015
Forbes - 17 Jan 2015 01:58
Last night I attended a meeting of the Luxury Marketing Council, hosted at the Strand Hotel here in New York. Our firm has represented major players in the luxury goods segment for over two decades, so the Council is a g...
National Bank of Greece (NBG) Stock Falling Today as 2 Greek Banks Seek ELA
The Street - 16 Jan 2015 19:41
NEW YORK (TheStreet) -- Shares of the National Bank of Greece are down by 4.09% to $1.64 in mid-morning trading on Friday, as two of the country's banks, Eurobank Ergasias and Alpha Bank, request emergency liquidity ass...
Do the Rich Pay Lower Taxes than You?
NBC News - 16 Jan 2015 19:04
A new report on which income brackets pay the most taxes is getting a lot of attention. But its findings of an "unfair" system bear scrutiny.
BlackBerry Plunges After Samsung Deal a No-Go; Taiwan Semiconductor Soars: Tech Winners & Losers
The Street - 16 Jan 2015 02:33
SAN FRANCISCO (TheStreet) -- BlackBerry tanked Thursday after Samsung denied it was in buyout talks with the Canadian smartphone maker, jerking the stock from its rocket-ride performance the previous day, when reports su...
Ruling Reduces BP's Potential Fine in Gulf Oil Spill
The New York Times - 16 Jan 2015 02:27
The oil company faces a maximum penalty of $13.7 billion at a trial this month after a federal judge found the spill was smaller than estimated.
Lululemon Athletica (LULU) Stock May Rise Today on Analyst Initiation
The Street - 16 Jan 2015 19:34
NEW YORK (TheStreet) -- Shares of Lululemon Athletica are lower by 1.03% to $61.87 in early market trading Friday despite having coverage initiated by analysts at Bernstein Research with an "outperform" rating this mor...
How RBS Failed Small Businesses Again
Forbes - 16 Jan 2015 18:36
RBS has conceded it may have mis-sold a Government scheme designed to help small businesses obtain credit
Patent reform advocates are launching a 'super-coalition' to whack patent trolls
Washington Post - 16 Jan 2015 09:01
What do department stores and restaurants have in common with search engines and social networks? For many, it's that they're all getting sued by patent trolls, companies that accuse other businesses of patent infringeme...
Citi and Bank of America take a fourth-quarter beating
New York Post - 16 Jan 2015 07:04
It isn't getting any easier on Wall Street. Bank of America and Citigroup on Thursday reported sharply lower fourth-quarter earnings that disappointed investors. Their results came a day after JPMorgan...
Photo-management service Trovebox is shutting down
Venture Beat - 16 Jan 2015 23:34
Trovebox, a Sunnyvale, Calif.-based startup that’s been building photo-management software since 2011, is shutting down. The startup announced the news on its website and in an email to users today: The last 3 1/2 year...
A Business School Professor's Google Street View 'Road Trip' Has Produced Some Incredible Photos Of America
Business Insider - 16 Jan 2015 20:54
A business professor from Arizona State University is roadtripping from Alaska to Patagonia via Google Earth, and uploading his Streetview pictures as he goes along. Kevin Dooley, who teaches Supply Chain Management at A...
Goldman Sachs bankers paid an average of £245,500 in 2014
The Guardian - 16 Jan 2015 19:09
Despite lowest trading since 2005 more than £8.35bn was set aside to pay Wall Street company's 34,000 staff Bankers at Goldman Sachs were paid an average of $373,265 (£245,500) in 2014 after profits at the highest prof...
Alex Malarkey, 'The Boy Who Came Back From Heaven,' Admits He Made It All Up
The Huffington Post - 16 Jan 2015 08:53Jerry Jones Is Pessimistic About Keeping His 2 Best Offensive Players -- And DeMarco Murray Could Be The Odd Man Out
Business Insider - 16 Jan 2015 20:48
Dallas Cowboys owner and GM Jerry Jones did not give the most ringing endorsement for re-signing both Dez Bryant and DeMarco Murray this offseason. While both are free agents, re-signing Bryant is the Cowboys' biggest pr...
Outcry grows over proposed Prince William data center
Washington Post - 16 Jan 2015 19:37
Residents of Prince William County and surrounding areas filled the auditorium at Battlefield High School this week to protest the possible construction of high-voltage power lines that would support a proposed Haymarket...
Business Travelers, Google Translate is Now Your Best Friend
inc - 16 Jan 2015 18:35
You now have the power to break down language barriers thanks to the incredible update Google just made to its Translate app.
The Tiffany's Same-Sex Marriage Ad Is Radical--But It's Also Retrograde
TPM - 16 Jan 2015 15:00
This week, Tiffany & Co. published its first ad featuring a same-sex couple. The famed luxury jeweler, known for its iconic Robin's Egg blue boxes, has joined a host of other American companies in not just embracing same...
What being a VC taught me about leading a company
Venture Beat - 16 Jan 2015 06:00
I moved from being a partner at Battery Ventures and J.P. Morgan Capital to CEO of a startup. Here's what my past life as a VC has taught me about leading a company