Business

CBS News reports: Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump’s indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations. Howard Schultz, the coffee retailer’s chairman and CEO, said in a letter to employees Sunday that the hiring would apply to stores worldwide …

Gizmodo reports: Following Uber CEO Travis Kalanick’s limp response to Trump’s “Muslim ban,” Lyft has decided to put its money where its mouth is. The ridesharing rival announced today that it will donate a million dollars to the ACLU to “defend our constitution.” Protests gathered at airports around the country yesterday and people were looking to the rich and powerful …

Bloomberg reports: Alphabet Inc.’s Google delivered a sharp message to staff traveling overseas who may be impacted by a new executive order on immigration from President Donald Trump: Get back to the U.S. now. Google Chief Executive Officer Sundar Pichai slammed Trump’s move in a note to employees Friday, telling them that more than 100 company staff are affected by …

Business Insider reports: Sean Spicer, White House press secretary for President Donald Trump, told reporters on Thursday that the administration is considering a 20% border tax on Mexican imports, according to the White House press pool report. “When you look at the plan that’s taking shape now, using comprehensive tax reform as a means to tax imports from countries that …

Politico reports: An electrical contractor is suing President Donald Trump’s Washington hotel for $2 million over what the contractor contends are unpaid bills for “nonstop” work performed to open the luxury lodging at the Old Post Office Building last year. The suit filed in D.C. Superior Court by Laurel, Maryland-based AES Electrical, also known as Freestate Electrical, contends that the …

Fortune reports: Big pharma isn’t planning on “going gentle into that good night.” The drug industry’s largest trade group and lobbying arm, the Pharmaceutical Research and Manufacturers of America (PhRMA), launched an expansive new campaign Monday aimed at getting the public – and, critically, lawmakers – to sympathize with the increasingly maligned industry, which has been slammed left and right …

CNN Money reports: President Donald Trump says he has resigned from positions in hundreds of business entities, according to a document provided to CNN by the Trump Organization. The text of the 19-page letter reads: “I, Donald J. Trump, hereby resign from each and every office and position I hold” in more than 400 entities listed on the following pages. …

Mediaite reports: According to documents obtained by House Democrats from the General Services Administration, the much-discussed Trump International Hotel in Washington, D.C. fell well below its revenue projections in its first two months of operation. Per the docs provided to the Democrats, the hotel pulled in revenue of $1.3 million in September and $2.8 million in October. The projections for …

NBC News reports: President Donald Trump is expected to sign an executive order as early as Monday stating his intention to renegotiate the free trade agreement between the United States, Canada and Mexico, a White House official told NBC News. Eliminating the North American Free Trade Agreement (NAFTA), which was crafted by former President Bill Clinton and enacted in 1994, …

The Washington Post reports: Airplanes belonging to Donald Trump’s businesses will be inspected over the next four years by employees of the Federal Aviation Administration that he will lead. Disputes over Trump’s trademark registrations could be reviewed by judges appointed by his hand-picked commerce secretary. His Department of Housing and Urban Development could reverse its past opposition to a potentially …

President-Elect Donald Elizondo Mountain Dew Camacho today committed an outright corporate endorsement, urging his followers to buy L.L. Bean products after the company’s heiress was found to have made an illegal campaign donation. The Associated Press reported last week: L.L. Bean heiress Linda Bean made excessive contributions to a political action committee she bankrolled to support Republican President-elect Donald Trump, …

So much for “clean diesel.” NBC News reports: Volkswagen will pay a $4.3 billion penalty for diesel emissions rigging, the U.S. Justice Department and several other federal agencies announced on Wednesday. As a result of the criminal investigation into the diesel scandal, regulators also revealed that six executives have been indicted on charges ranging from wire fraud to conspiracy to …

Think Progress reports: On Sunday, FCA US, the parent company of Fiat and Chrysler, announced that it will spend $1 billion to expand plants in Michigan and Ohio and create 2,000 more jobs in the U.S. The move, as the company made clear in its press release, is simply the next phase in an expansion plan it announced last year …

The Washington Post reports: The U.S. economy added 156,000 new jobs in December, according to government data issued Friday. The final issued by the Labor Department during President Obama’s administration showed the unemployment rate at 4.7 percent, slightly up from 4.6 percent the previous month. Economists surveyed by Bloomberg had expected American companies to add 180,000 jobs in the month. …

From the makers of the smartphone app Trigger: We are excited to announce the release of our latest trigger type: Trump Triggers! This trigger gives you the ability to trade stocks based off of Trump’s tweets about public companies. This one-of-a-kind trigger notifies you when President-Elect Trump tweets about a publicly traded stock that you own in real time. These …

You knew this was coming. Via World Net Daily: In the battle of Macy’s vs. Donald Trump, it appears the clear loser continues to be Macy’s. On Wednesday, the retailer announced disappointing holiday sales, prompting its stock to drop more than 9 percent. The company also released the locations of 68 of the 100 stores it plans to close, with …

USA Today reports: After seeing sales drop during the holidays, Macy’s said Wednesday it has either closed or will shutter 68 stores and cut an additional 6,200 positions at a time when shoppers are going online to buy everything from scarves to lipstick. Of the 68 stores out of 730 in total, nine closings had been previously announced and three …

CNBC reports: General Motors disputed the facts in Donald Trump’s Tuesday morning attack on the automaker, saying it makes most of its Chevy Cruze models in the United States. The company said in a statement that “all Chevrolet Cruze sedans sold in the U.S.” are made at an assembly plant in Lordstown, Ohio. It clarified that it builds hatchback models …

Politico reports: General Motors is the latest target of President-elect Donald Trump’s Twitter cannon, with the Manhattan billionaire complaining that the American automaker is manufacturing cars in Mexico and importing them into the U.S. without penalty. “General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A. or pay big border …

Salon reports: Donald Trump is taking credit for a jobs deal that he objectively had nothing to do with. The president-elect bragged on Wednesday about brokering a deal in which Sprint will bring 5,000 jobs to the United States and another company, OneWeb, will bring 3,000 jobs into this country. This is consistent with a theme that Trump has been …