Business News
From College To C-Suite: Under 30s Dish On How To Be The Boss When You've Never Had One
Forbes - 5 Oct 2015 20:58
The quartet came together at The Forbes Under 30 Summit in Philadelphia Monday to discusses the trials, tribulations and surprising benefits of leading companies before they'd been led themselves.
Why Student Debt Is Worsening For College Graduates
The Huffington Post - 5 Oct 2015 16:28
WASHINGTON (AP) -- America's $1.2 trillion in student debt is having consequences in far-reaching ways. College dropouts and students who borrowed to attend for-profit colleges are at risk of default. Many Generation X p...
Ford, Potash, Goldman Sachs: Doug Kass' Views
The Street - 5 Oct 2015 07:00
NEW YORK (Real Money Pro) -- Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings. Adding to My GS and MS Stakes Originally published at 10:02 AM EDT on ...
Not Only Are The Rich Getting Richer, So Are The Poor
Forbes - 5 Oct 2015 03:30
Despite one economic crisis after another since 2008, the poverty rate has managed to decline worldwide.
Here's who American Apparel owes the most money
Business Insider - 5 Oct 2015 16:30
American Apparel filed for Chapter 11 bankruptcy protection on Monday, several months after forcing its controversial former CEO, Dov Charney, out of the company for good. In its bankruptcy petition, American Apparel lis...
Engine Shortfall Pushed Volkswagen To Evade Emissions Testing
The Huffington Post - 5 Oct 2015 05:50
Volkswagen began installing software devised to cheat on emissions tests in 2008 after realizing that a new diesel engine, developed at great expense, could not meet pollution standards in the United States and other cou...
Policy Makers Skeptical on Preventing Financial Crisis
The New York Times - 5 Oct 2015 03:11
A Federal Reserve conference highlighted the challenge of heading off events like the 2008 crisis, since they are hard to anticipate.
Connecticut, America's Richest State, Has a Huge Pension Problem
Wall Street Journal - 5 Oct 2015 01:53
Connecticut has roughly half of what it needs to pay future retirement benefits for its workers, meaning the state is wrestling with financial distress rivaling that of Kentucky or Illinois.
British Businessman Injures Over 20 in Porsche Crash at Motor Show
Time - 5 Oct 2015 16:59
He crashed into spectators
Here's Why It's Costing You More to Use an ATM
Time - 5 Oct 2015 16:35
Those pesky out-of-network fees are on the rise
The Fed: Bernanke says 'not obvious' economy can handle interest rates at 1%
Market Watch - 5 Oct 2015 16:34
Fed Chairwoman Janet Yellen faces a tough choice on when to hike interest rates and it is not certain that the economy could handle a hundred basis point rise in interest rates
This hedge fund billionaire owns several of the most expensive apartments in the world
Business Insider - 5 Oct 2015 16:25
Kenneth Griffin, manager of the Chicago-based hedge fund Citadel, is likely owner of the single most expensive apartments in New York, Chicago, and Miami, reported the New York Times' Robert Frank. The hedge fund billio...
What you could buy with the money you waste on out-of-network ATM fees
Market Watch - 5 Oct 2015 16:22
Out-of-network ATM fees soar 21% over past five years.
Apple is the most valuable brand in the world -- for the third year in a row (AAPL)
Business Insider - 5 Oct 2015 16:14
Apple is the world’s most valuable brand for the third year in a row, according to Interbrand’s 2015 report. Apple has maintained the top spot since it pushed Coca-Cola off the throne in 2013. The new report claims t...
Will 'Star Wars: The Force Awakens' Snag A PG Rating?
Forbes - 5 Oct 2015 16:00
Last week, Batman v Superman: Dawn of Justice shocked absolutely no one by snagging a PG-13 rating from the MPAA. Tim Burton's Batman of course basically made the PG-13 a mainstream rating way back in 1989, just four...
World Bank trims East Asia growth forecasts
Miami Herald - 5 Oct 2015 06:19
The World Bank on Monday trimmed its growth forecast for developing East Asian economies, reflecting risks from China's slowdown and a looming U.S. interest rate hike. …
ATM Fees Have Never Been Higher
The Huffington Post - 5 Oct 2015 06:02
Ever been a little bit lazy or drunk and out too late and used a random ATM on a sidewalk, in a bar, at some strange bank? This is your annual reminder to stop. The average out-of-network ATM fee is now $4.52, up 4 perc...
Why Business Innovation Will Help Build a New Climate Economy
Forbes - 5 Oct 2015 06:00
Leaders from around the world recently met at the United Nations headquarters in New York for the launch of the Sustainable Development Goals — or Global Goals — that will shape the world’s response to major probl...
A group of much-hyped finance startups made a big bet on millennials -- but it won't work
Business Insider - 5 Oct 2015 03:15
America's deep-rooted wealth management sector has been feeling an uneasy rumbling underfoot of late. The threat: a group of tech-savvy underdogs aiming squarely at millennials. Robo-advisers such as Betterment, Fu...
Dollar's Surge Against Other Currencies Weighs Down United States' Economy
The New York Times - 5 Oct 2015 03:09
Among other effects, the dollar's strength is expected to push into next year any move by the Federal Reserve to raise interest rates.
General Mills recalling 1.8M Cheerios boxes on allergy risk
News Observer - 5 Oct 2015 23:59
General Mills is recalling 1.8 million boxes of Cheerios and Honey Nut Cheerios produced at a plant in Lodi, California, saying the cereal is labeled gluten-free but actually contains wheat. …
At casino trade show, debate over daily fantasy is hot topic
News Observer - 5 Oct 2015 23:59
The daily fantasy sports industry has gone to great lengths to distance itself from traditional sports wagering, and the CEO of the ubiquitous DraftKings website made no effort to get cozy as he sat in front of a crowd o...