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Business News

Location American Business News for 20 December 2014

Target facing lawsuit after last year's holiday hacks

New York Post - 20 Dec 2014 06:25
Target facing lawsuit after last year's holiday hacks Target must face a mass consumer lawsuit accusing the retailer of failing to protect shoppers from hackers who stole charge-card data and other personal information during last year's holiday shopping...
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No One Knows What's Going On With The $50 Billion Nicaragua Canal Being Built By A Chinese Magnate ON DECEMBER 22nd an odd couple --Nicaragua's left-wing government and a Chinese-born telecoms magnate -- say they will begin the realisation of a dream that has captivated Nicaraguans for generations: the construction of...
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Cuban Tourism in the Age of Détente

The New Yorker - 20 Dec 2014 20:49
On Wednesday morning, Tom Popper was driving to work at InsightCuba, the travel organization that he runs out of New Rochelle, New York, when he heard a familiar name on the radio. Alan Gross, the American contractor for...
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Clever Ways Brick-and-Mortar Stores Fight Online Shopping Some brick and mortar stores are doing all they can to offer high-tech in-store shopping and mimic an online shopping experience to draw more customers in.
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The 16 Best Selfies From 2014

Business Insider - 20 Dec 2014 23:07
The 16 Best Selfies From 2014 The end of December is near and as we look back on the last 12 months, it felt fitting to roundup our favorite selfies of 2014. BuzzFeed completed a list of 25 selfies and from there, we chose some of the best from their...
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Russia's Central Bank Is Risking A 'Full-Scale Banking Crisis' Evgeny Gavrilenkov, the chief economist at the investment banking arm of Russia's largest lender Sberbank CIB, has warned that actions taken by the Russian authorities to bail out Russia's troubled banking sector could c...
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Four Charts That Defined the World in 2014

The New Yorker - 20 Dec 2014 16:00
Many of the economic trends that have defined countries' fortunes over the past year are especially striking when seen visually--how in the U.S., for example, unemployment declined, or how, in Russia, the ruble plummeted...
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FDA to Herbalife: Stop suggesting we approve your products The Food and Drug Administration has asked Herbalife to stop airing a video the regulator claims gives the false impression that its weight-loss shakes and other products have gotten the...
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Sony pays high price for ignoring its past

L.A. Times - 20 Dec 2014 06:24
Sony pays high price for ignoring its past How grave is the cyberattack on Sony Pictures Entertainment? Here's one high-level Sony executive:
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11 Great Reasons to Hire Developmentally Disabled Employees The disabled can do far more for your company -- and your customers -- than you might think, if you just give them a chance.
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Things Could Get Much Worse For Russia

Business Insider - 20 Dec 2014 00:36
Things Could Get Much Worse For Russia In the world of central banking slow, steady and predictable decisions are the aim. So when bankers meet in the dead of night and raise interest rates by a massive 6.5 percentage points it suggests something is going ver...
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16 Wacky Houses From Around The Globe

Business Insider - 20 Dec 2014 19:33
16 Wacky Houses From Around The Globe "Home" can mean a wide array of things. Far more than four walls and a roof, home is a sanctuary and a shelter. No two are the same. And some are more unique than others. From domes to caves, treehouses to igloos, people...
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The 'Apple Of China' Raises Over $1 Billion, Valuation Skyrockets To More Than $45 Billion Xiaomi has reportedly raised more than $1 billion in its latest round of funding, which brings the valuation of China's biggest smartphone maker to more than $45 billion, The Wall Street Journal reports. The funding rou...
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In United States, drones take off as Christmas gifts

Business Insider - 20 Dec 2014 08:02
In United States, drones take off as Christmas gifts Los Angeles
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Caesars faces rough road as re-org, bankruptcy looms

New York Post - 20 Dec 2014 06:21
Caesars faces rough road as re-org, bankruptcy looms Leon Black's Caesars Entertainment, the nation's No. 1 casino chain, said Friday it expected its biggest subsidiary to file for bankruptcy in mid-January. The subsidiary, which includes Harrah's Atlantic City,...
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Obama Downplays Sony Hack

Business Insider - 20 Dec 2014 05:00
Obama Downplays Sony Hack President Barack Obama told CNN's Candy Crowley Friday that the unprecedented attack against Sony Pictures Entertainment was a mere act of "cybervandalism" rather than cyberterrorism or even an act of war. Crowley landed...
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Weak growth continues to hammer Illinois economy

Chicago Tribune - 20 Dec 2014 06:44
Weak growth continues to hammer Illinois economy Illinois hasn't escaped the clutches of the Great Recession.
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Criminals used malware that may have allowed access to cardholder names, payment card numbers, expiration dates and card verification codes.
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SAN FRANCISCO ( TheStreet) --  Staples  announced Friday that cyber thieves may have compromised the credit cards of 1.16 million of its customers, a disclosure that comes on the eve of the last shopping weekend before...
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The American canned tuna industry is now pretty much entirely Asian-owned.Thai Union Frozen Products, already the biggest canned tuna company in the world, is on the verge of acquiring Bumble Bee Seafoods, the largest ca...
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McDonald's Is Charged With Punishing Workers

The New York Times - 20 Dec 2014 03:13
McDonald's Is Charged With Punishing Workers The National Labor Relations Board's general counsel brought 78 charges against the fast-food company accusing it of retaliating against workers who protested for higher pay.
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Google's Android Had A Monster Year And It's Time To Stop Underestimating It As A Commercial Platform Android is underappreciated as a commercial platform -- as a revenue driver for the e-commerce, advertising, and software industries.  Too many analysts remain attached to an outdated idea of Google's mobile operating...
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