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Business News

Location American Business News for 23 January 2015
Rick Owens' Full Frontal Nudity Bares All At Paris Men's Fashion Week Rick Owen's taboo-breaking fashion show at the Men's Fashion Week in Paris raises the question whether "free the penis" is the new fashion wave.
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The Uber Economy

The Atlantic - 23 Jan 2015 17:43
The Uber Economy Is the company destroying full-time work, entrenching us in part-time purgatory, or empowering America's most independent workers?
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An Unexpected Reaction

The New York Times - 23 Jan 2015 23:25
An Unexpected Reaction While some consumer products companies are removing the chemical, methylisothiazolinone, others are adding it to offerings including mouthwash.
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What now for oil after Saudi king's death? Saudi Arabia's King Abdullah bin Abdulaziz al Saud has died.
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Gap Is Shutting Piperlime Down

Fast Company - 23 Jan 2015 23:18
Gap Is Shutting Piperlime Down Piperlime's shutdown is just one of the big changes Art Peck has made at the San Francisco-based retailer before he even takes over as CEO. Today Gap Inc. reported it is shutting down its Piperlime business, the retailer...
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Regulators bare their teeth on excessive fees

Investment News - 23 Jan 2015 18:28
Moves this week by Finra and the SEC signal watchdogs are ready to pounce on anyone overcharging clients.
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Peet's expanding in a crowded Chicago coffee field

Chicago Tribune - 23 Jan 2015 14:00
Peet's expanding in a crowded Chicago coffee field Peet's Coffee & Tea plans to open its 17th area store Monday in the historic Wrigley Building and sees potential to double its number of locations in Chicago's already crowded coffee shop market over the next few years.
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DreamWorks Animation to slash 500 jobs, cut films

Business Insider - 23 Jan 2015 03:49
DreamWorks Animation to slash 500 jobs, cut films Los Angeles
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Saudi King Abdullah dead at 90

USA Today - 23 Jan 2015 03:49
Saudi King Abdullah dead at 90 Key U.S. ally, OPEC force had been hospitalized with pneumonia since December.          
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Box sets IPO at $14 per share to raise $175M

USA Today - 23 Jan 2015 04:11
Box sets IPO at $14 per share to raise $175M Box's market value stands at $1.7 billion, based on its IPO pricing.          
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What Everyone Should Know About Managing Up

Harvard Business Review - 23 Jan 2015 20:00
Different strategies for different bosses.
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Apple's Tim Cook Sees His Total Pay Double in 2014 Cook got a hefty cash bonus that brought his total compensation to $9.2 million last year.
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The Oil Price Tag That Investors Say Would Signal a Global Recession The decline of oil prices to less than $50 a barrel has an undeniably positive effect on the global economy. From the U.S. to China, people are driving more and spending more, a much needed economic boost in generally gl...
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After Saving Billions From Hepatitis C Price Wars, Express Scripts (ESRX) Goes After Cancer Drugs Express Scripts Holding Co. (NASDAQ:ESRX) is now eyeing the $37 billion US cancer market, after the company forced drug makers to reduce the the cost of Hepatitis C drugs and leading to current and future savings of bill...
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In October, the United Kingdom's Sunday Times reported that Jaguar Land Rover, which is owned by the Indian car maker Tata Motors, has been "talking to several southern states, including…
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Average MLB Player Salary Nearly Double NFL's, But Still Trails NBA's Average and minimum salaries, as well as the top-paid player for the four major U.S. sports leagues.
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UnitedHealth's $43 Billion Exit From Fee-For-Service Medicine Continuing the health insurance industry’s march further away from fee-for-service medicine, UnitedHealth Group (UNH) executives said this week they will increase value-based payments to doctors and hospitals by 20 per...
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One of the scrappiest startups founded by someone younger than 30.
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TAIPEI, Taiwan (TheStreet) -- Consumer spending was supposed to halt the slowdown in China's economy, but so far that hasn't happened. Chinese consumers, rather than spending freely with their growing wealth, are actuall...
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City National deal: A happy union of 2 thriving banks California, with its booming wealth and population, has always been a fertile place to grow a bank -- as in 1904 when Amadeo Giannini founded Bank of America, then called Bank of Italy, to serve immigrant dockworkers.
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City National deal began with a Canadian banker going undercover Before spending $5.4 billion to buy City National, the Los Angeles "bank to the stars," Royal Bank of Canada Chief Executive Dave McKay wanted to see firsthand what he would be getting.
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Uber has faced mounting criticism over its policies and tactics, but its workforce has continued to grow, and its drivers are making an average of $6 an hour more than professional taxi drivers and chauffeurs, according ...
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