Business

Trump Signs Order Backing Rollback Of Wall Street Reforms Meant To Prevent Another Banking Meltdown

So this just happened. Reuters reports: U.S. President Donald Trump on Friday will scale back major regulations that resulted from the financial crisis, directing a review of the Dodd-Frank Act and putting the brakes on a retirement advice rule. The executive order Trump will sign on the 2010 Dodd-Frank law on Wall Street reform will be largely symbolic towards rolling …

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Nordstrom Dumps Ivanka Trump’s Line

The New York Times reports: Ivanka Trump stilettos will soon be harder to find at Nordstrom. The department store chain said on Thursday that it had decided to put the brakes on its relationship with Ms. Trump and removed her brand from a list on its site. “We’ve said all along we make buying decisions based on performance,” Nordstrom said …

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Hallmark Valentine’s Ad Features Gay Proposal [VIDEO]

For the third consecutive year, Hallmark has included a gay couple in an ad for their Signature series Valentine’s Day cards. You may recall last year’s widespread furor because Hallmark dared to include gay dads and their little girl in the commercial. Watch this year’s ad below.

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Apple Ponders Suit Over Trump’s Travel Ban

NBC News reports: Business is anything but usual for some of America’s largest companies, as they question — or blatantly decry — President Trump’s immigration ban. Google, Amazon, Starbucks, and Facebook are just a few of the big names to have stepped forward and denounce Trump’s executive order, which restricts the entry of refugees and citizens from seven Muslim-majority countries, …

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Court Orders Trump To Pay $6M To Golf Club Members Whose Deposits Were Kept When They Resigned

Politico reports: A federal judge has ordered a golf club owned by President Donald Trump to refund nearly $6 million to members who said Trump’s team essentially confiscated refundable deposits after taking over the country club in 2012 U.S. District Court Judge Kenneth A. Marra ruled that the Trump National Jupiter Golf Club violated the contracts with members by retaining …

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NEW YORK CITY: Grindr Sued After Impersonator Sends Over 700 Men To Victim’s Home And Workplace

A New York City man has filed a civil lawsuit against Grindr, claiming that over 700 men have appeared at his home and workplace after receiving invitations to have sex from someone impersonating him on the service. Wired reports: Last October, Matthew Herrick was smoking a cigarette in front of his West Harlem brownstone when the first visitor appeared. As …

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Starbucks To Hire 10,000 Refugees

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 …

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Lyft Donates $1M To ACLU As #DeleteUber Trends

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 …

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Google Recalls Staffers From Trump’s Banned Nations

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 …

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Spicer: Trump Wants 20% Tax On All Mexican Goods

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 …

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Trump Hotels Reveals Plan To Triple Number Of US Locations As Contractor Files $2M Suit For Unpaid Work

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 …

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Big Pharma Does Defense With New Ad Campaign In Response To Martin Shkreli And Attacks By Trump

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 …

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Trump Claims To Have Resigned From All Of His 400+ Companies, State Officials Yet To Receive Paperwork

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. …

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SAD: Trump’s DC Hotel Has Already Lost $1.1 Million

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 …

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NAFTA And TPP On Chopping Block Today

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, …

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WaPo: Donald Trump’s Many Businesses Set To Be Overseen By Trump Appointees At Federal Agencies

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 …

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BROUGHT TO YOU BY CARL’S JR: Trump Says “Buy L.L. Bean” After Heiress Makes Illegal Donation [VIDEO]

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, …

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Feds Indict Six Volkswagen Executives In Emissions Fraud Scandal As Company Agrees To Pay $4.3B Fine

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 …

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Obama’s Final Jobs Report: 75th Month Of Growth

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. …

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