Tag Archives: business

The New York Daily News reports: Breakfast at Tiffany’s turned into lunch for hundreds of hungry diners Friday as the famed boutique’s new café struggled to meet demand on its opening day. A crush of well-heeled customers greeted the opening of the 40-seat Blue Box Café, the first restaurant for the 180-year-old luxury jeweler on Fifth Ave. At 10 a.m., …

The Guardian reports:  The three richest people in the US – Bill Gates, Jeff Bezos and Warren Buffett – own as much wealth as the bottom half of the US population, or 160 million people. Analysis of the wealth of America’s richest people found that Gates, Bezos and Buffett were sitting on a combined $248.5bn (£190bn) fortune. The Institute for …

Papa John’s is getting unwelcome rave reviews after blaming declining sales on NFL protests after they yanked NFL advertising because of the protests. Newsweek reports: Papa Johns has told racists not to eat its food, after a neo-Nazi website claimed the pizza chain was the official pie of the alt-right. The Daily Stormer posted a picture of a swastika pizza …

CNET reports: If you just spent $1,000 or more on an iPhone X, put a case on it now! Apple’s tenth-anniversary iPhone has a slick new look with a nearly bezel-less screen, glass back and stainless steel frame. Just like the iPhone 8 and 8 Plus, the glass back allows the X to have wireless charging– but it also means …

Reuters reports: Sprint Corp and T-Mobile US Inc said over the weekend they have called off merger talks to create a stronger U.S. wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. The announcement marks the latest failed attempt to combine the third- and fourth-largest U.S. wireless carriers, as Sprint parent …

Reuters reports: Apple Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were “off the charts,” but it might be the company’s market capitalization that needs a bigger graph. Positive reviews for the new device and expectations that many users are on the verge of upgrading from older …

ESPN reports: Executives from Papa John’s, the official pizza company of the NFL, expressed disappointment on a conference call Wednesday about the league’s ongoing player protests during the national anthem. “The NFL has hurt us,” company founder and CEO John Schnatter said. “We are disappointed the NFL and its leadership did not resolve this.” Executives said the company has pulled …

Mashable reports: Starbucks’ years-long war on Christmas is over. The coffee giant wasted no time getting into the Christmas spirit this year, releasing its new holiday-themed cups and holiday beverages on Wednesday. Goodbye, Halloween. Forget Thanksgiving. It’s Christmas time at Starbucks. The new line of festive liquid holders celebrates the 20th anniversary of the holiday cup, and while the company …

CNN Money reports: Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months. CEO Jeff Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day …

Reuters reports: Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses. Republican Vice President Mike Pence appeared on the Senate floor at 10:11 p.m. EDT to cast the tie-breaking vote …

AdWeek reports: Once upon a time, there were three bears who lived in a house deep in the sun-dappled woods. We’re talking about Matt, Joel and Phil. You’ll notice pretty much immediately that they’re not axially bears—well, not in the ursine sense They’re burly, hirsute gay men—slang term: bears—starring in agency BMB’s cheekily unconventional content play for Britain’s Rowse Honey. …

Fortune reports: Would you rather stand up for a damaged meal or a damaged child? According to Burger King, most would choose the former. The fast food giant rolled out a public service announcement today in honor of National Bullying Prevention Month that uses a clever social experiment to demonstrate how people often refuse to speak out against bullies. As …

In a CareerBuilder survey fittingly released on GLAAD’s anti-bullying Spirit Day, four in ten LGBT workers say they’ve been bullied at the workplace. CBS News reports: The majority of those who said they were bullied said it was by one person, while about 13 percent said it happened in a group setting. The number of LGBTQ workers with concerns about …

The Associated Press reports: Some of America’s most well-known companies are urging the Supreme Court to rule that a federal employment discrimination law prohibits discrimination based on a person’s sexual orientation, a position opposite of the one taken by the Trump administration. The 76 businesses and organizations – including American Airlines, Apple, eBay, Facebook, Google, Starbucks and Microsoft – filed …

CNBC reports: The Monopoly guy has gone to Washington. A person dressed in a black top hat and bushy white mustache, occasionally putting on a monocle or dabbing forehead sweat with giant paper money, sat in the audience of the Senate Banking Committee hearing on the Equifax data breach on Wednesday. Former Equifax CEO Richard Smith didn’t seem to notice. …

Reuters reports: Amazon.com Inc’s Whole Foods Market on Thursday said payment card information has been stolen from taprooms, restaurants and other venues located within some of its stores. The upscale grocer, which Amazon recently purchased for $13.7 billion, said it uses a different point-of-sale system for its roughly 450 U.S. stores. That system was not involved in the data hack, …

Business Insider reports: Equifax, the consumer-data giant that was targeted in a hack that exposed the personal data of nearly half the U.S. population, said its CEO is out effective immediately. Richard Smith will “retire” as Chairman of the Board and CEO effective September 26, 2017, according to a statement from the company’s board. Board member Mark Feidler has been …

The BBC reports: Uber will not be issued a new private hire licence, Transport for London (TfL) has said. TfL concluded the ride-hailing app firm was not fit and proper to hold a London private hire operator licence. It said it took the decision on the grounds of “public safety and security implications”. Confirming it would appeal against the decision, …

The New York Times reports: New figures released by the U.S. Department of Commerce show a drop in international visitors to the United States by close to 700,000 in the first quarter of 2017 compared to the previous year. European countries were down 10.1 percent, and Mexico was off 7.1 percent in the quarter. The largest drops were from the …

The Washington Post reports: Toys “R” Us announced late Monday night that it filed for Chapter 11 bankruptcy, though the company’s leadership assured customers its 1,600 stores around the world would continue to operate normally. The company, once America’s powerhouse of toys, has been struggling for years even as the toy industry grew. Instead, it plans to restructure the $5 …