Tag Archives: business

The Los Angeles Times reports: Donald Trump wanted only the pretty ones, his employees said. After the Trump National Golf Club in Rancho Palos Verdes opened for play in 2005, its world-famous owner didn’t stop by more than a few times a year to visit the course hugging the coast of the Pacific. When Trump did visit, the club’s managers …

South Florida Gay News reports: Bobby Blair’s dream to build an international media enterprise has apparently come crashing to a halt this week. SFGN has received information that the staff of Multimedia Platforms, which includes the Florida Agenda and Next Magazine in New York, has been let go, and there will be no print editions this week. Frontiers in LA, …

Newsweek reports: A company controlled by Donald Trump, the Republican nominee for president, secretly conducted business in Communist Cuba during Fidel Castro’s presidency despite strict American trade bans that made such undertakings illegal, according to interviews with former Trump executives, internal company records and court filings. Documents show that the Trump company spent a minimum of $68,000 for its 1998 …

Fortune reports: Wells Fargo CEO John Stumpf may not lose his job over the phony account scandal that has cost his bank its reputation (and $185 million in fines), but he will lose his bonus — and then some. After weeks of public outcry and prodding from some Wall Street analysts, the Wells Fargo board announced late Tuesday that it …

For weeks the alt-right has claimed that Twitter’s falling stock value is the direct result of their crackdown on hate speech and the banning of homocon Milo Yiannopoulos. Surely the latest news will headline shortly at Breitbart. Via the Daily Beast: Social-media giant Twitter is now actively exploring a sale and has initiated talks with technology companies, according to a …

Politico reports: Donald Trump’s presidential campaign has paid his family’s businesses more than $8.2 million, according to a POLITICO analysis of campaign finance filings, which reveals an integrated business and political operation without precedent in national politics. The GOP presidential nominee’s campaign has paid his various businesses for services including rent for his campaign offices ($1.3 million), food and facilities …

Back in May, Alliance Defending Freedom sued to overturn Phoenix’s LGBT rights ordinance on behalf of a tiny company that produces hand-drawn wedding invitations. At that time Brush & Nib had never even been asked to create invitations for a same-sex couple, much less turned one away, so the haters filed a so-called “pre-enforcement challenge.” Today the Superior Court of …

Via press release: The North Carolina Restaurant & Lodging Association remains committed to a resolution of this very complex situation. Our position is not for one side or the other. The hospitality community is an open and welcoming industry, but we find ourselves caught in the middle of a situation that we did not ask for, and our team members …

Via press release: The unintended consequences of Charlotte City Ordinance #7056 and House Bill 2 have taken a considerable toll on our state as a whole. The hospitality industry has become collateral damage in a fight it did not start or ask for. Restaurant and lodging businesses and their employees are suffering the adverse impact of these policies though lost …

From Trump headquarters at Breitbart: Republican presidential candidate Donald Trump said he would impose a 35% tax on any cars made in Mexico to keep companies from moving out of the US. Discussing a scenario where a car company wanted to build a plant in Mexico, Trump stated, “What would President Trump do? So I’d call the head of Ford, …

Newsweek reports: If Donald Trump is elected president, will he and his family permanently sever all connections to the Trump Organization, a sprawling business empire that has spread a secretive financial web across the world? Or will Trump instead choose to be the most conflicted president in American history, one whose business interests will constantly jeopardize the security of the …

The Los Angeles Times reports: Steady job growth and the biggest earnings boost on record helped sharply lower the nation’s poverty level last year and finally provided relief to the long-running problem of stagnant incomes. In its annual report on income and poverty, the Census Bureau said Tuesday that the share of people in the U.S. living in poverty dropped …

NBC News reports: California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank’s employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. A staggering 5,300 employees at Wells Fargo were fired in connection with this behavior, according to the Los Angeles City Attorney’s office. The San …

From Peter Thiel’s op-ed for the Washington Post: The establishment doesn’t want to admit it, but Trump’s heretical denial of Republican dogma about government incapacity is exactly what we need to move the party — and the country — in a new direction. For the Republican Party to be a credible alternative to the Democrats’ enabling, it must stand for …

TMZ reports: Apple’s big reveal for iPhone 7 was upstaged thanks to its own Twitter account … where images of the new phone were leaked even before CEO Tim Cook could unveil it. Cook was right in the middle of the iPhone debut presentation from Apple HQ — but hadn’t actually shown the device … when a few tweets went …

Bloomberg reports: Apple Inc. was ordered to repay a record 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill. The world’s richest company benefited from a “selective tax treatment” in Ireland that gave it a “significant advantage over other businesses,” the European Union regulator said Tuesday. It’s the largest …

Deadline reports: With an estimated production cost that’s in the vicinity of $100M, MGM and Paramount certainly didn’t build Ben-Hur to fail this weekend. But if there’s one Come-to-Jesus from this remake’s estimated disastrous $11M opening: It’s still a challenge for Hollywood to cross over a faith-based film to the masses 12 years after the $370M ($612M global) success of …

Rolling Stone reports: Lou Pearlman, the Svengali-like manager behind Nineties boy bands like Backstreet Boys, ‘N Sync, O-Town and more, died Friday night behind bars while serving a 25-year prison sentence stemming from a $300 million Ponzi scheme. He was 62. The Federal Bureau of Prisons’ inmate locator confirms that Louis Pearlman died in custody on August 19th, with sources …

The New York Times reports: On the campaign trail, Donald J. Trump, the Republican presidential nominee, has sold himself as a businessman who has made billions of dollars and is beholden to no one. But an investigation by The New York Times into the financial maze of Mr. Trump’s real estate holdings in the United States reveals that companies he …

Politico reports: A Supreme Court decision allowing some companies to opt out of portions of Obamacare for religious reasons also guarantees the right of firms to engage in religiously motivated discrimination against their employees on the basis of gender, a federal judge in Michigan ruled Thursday. U.S. District Court Judge Sean Cox held that the Supreme Court’s 2014 ruling on …