Category: Business

Jeb Bush Flip Flops on Indiana’s ‘Religious Freedom’ Law

The New York Times is reporting this evening that Presidential hopeful and the brother of the worst President ever has had a change of heart regarding Governor Pense and his anti-gay, discriminatory law that has been under fire from many big businesses from Walmart to Apple. Jeb Bush in a closed-door Silicon Valley fund-raiser, told…

Kraft & Heinz Merge to Form Worlds 5th Largest Food Company

A major deal to be felt around the world, H.J. Heinz and Kraft Foods Group will merge into a single food behemoth forming the world’s fifth largest food and drink company, bent on cutting costs, growing internationally and evolving into a more consumer-focused company. News of recently-planned Kraft Heinz Co. propelled Kraft shares nearly 35%,…

FCC OK’s Amazon Drone Test [VIDEO]

Amazon has moved a step closer to its goal of one day delivering packages by drone. The Federal Aviation Administration on Thursday issued an “experimental airworthiness certificate” to Amazon, allowing the company to test its unmanned aircraft.

Ben & Jerry’s New Tesla Now Selling Directly in New Jersey

Ben & Jerry’s Save Our Swirled tour combating climate change kicks off next month, but something is different. There’s no ice-cream truck but instead, ice cream will be scooped out of the back of a modified Tesla Model S. The tour starts April 1 in San Diego, and ends in Miami on October 31. In…

6 Million Boxes of Kraft Dinner Mac & Cheese Recalled

Kraft dinner is delicious but it’s bad for you, now it just got potentially deadly! Kraft Foods is recalling 242,000 cases of Kraft Macaroni and Cheese because some of the boxes may contain metal, the company said. More than 6.5 million boxes were packed in the recalled cases. In a recall notice, Kraft said eight…

Colorado Pot Tax Brings $2.3M to Schools

Colorado marijuana sales reached an all-time high in January, bringing with it excise taxes totaling a whopping $2.35 million designated for public schools. Recreational marijuana sales jumped to around $36.4 million, up from $14.69 million a year ago, according to data from the Colorado Department of Revenue. “This is really what we expected and hope…

The First Google Store Opens in London – Get Googly in the U.K.

On Wednesday Google opened its first branded store. The London flapship features an interactive Google Earth surround screen installation and an interactive doodle wall. The Google shop is a store within a store, housed inside a Currys PC World, an electronics retailer. It will sell Android devices, Chromebook laptops and Chromecast. It will also offer…

THANKS OBAMA! Big February Jobs Report: Unemployment drops to 5.5% [VIDEO]

The U.S. economy added 295,000 jobs in February and the unemployment rate fell from 5.7 percent to 5.5 percent, extending the winter’s mounting labor market gains. The February jobs report released by the Bureau of Labor Statistics exceeded investors’ expectations, which were generally for 230,000 new jobs created. Unemployment drops to 5.5%. Here's the February…

U.S. Putting Microchips In Credit Cards [VIDEO]

U.S. credit card companies have set an October deadline for a switch to chip-enabled cards. Such cards come with embedded computer chips that make them far more difficult to clone, according to banks and card makers. However, counterfeit cards account for only about 37 percent of credit card fraud, and the new technology is just…

FCC Approves Net Neutrality Rules to “Protect the Open Internet.”

The FCC, approved the policy known as “net neutrality” in a 3-2 vote on Thursday, FCC Chairman Tom Wheeler saying the policy will ensure “that no one whether government or corporate should control free open access to the Internet.” The new policy would replace a prior version adopted in 2010, but that was put on…

Jamaica Decriminalizes Marijuana

What, smoking weed was illegal in Jamaica, a place thats’ culture is based partially around the herb and the mega-star legend Bob Marley, who smoked and now has Weed products currently being marketed in the USA. We have come along way finally, took time, but the US drug war on weed has failed, and more…

Apple Becomes 1st $700 Billion Company [VIDEO]

On Tuesday afternoon, Apple became the first U.S. company to close with a value of $700 billion or more. Shares of the company closed up $2.29, or 1.9%, to $122.01. “It shouldn’t be surprising that record breaking market (valuations) follow record-breaking earnings,” says Walter Piecyk, analyst at BTIG.

HSBC ‘helped clients dodge tax’ [VIDEO]

Leaked documents reveal how multinational bank HSBC helped wealthy clients across the world evade hundreds of millions of dollars in tax. The company is now facing criminal investigations in the US, France, Belgium and Argentina.

Tweets to Appear in Google Search In Real Time

Twitter reportedly reached a deal to include the 140-character tweets in Google search results. The deal means Google will have automatic access to the stream of data from Twitter’s website, which it previously had to crawl for information. The move is part of a larger effort to attract more people to Twitter as growth slows…

Oil Exec Predicts $5 A Gallon Gas On The Way [VIDEO]

John Hofmeister attracted national attention in 2010 when he predicted that average U.S. gasoline prices would soar to $5 a gallon in 2012, thanks to rising crude oil prices. His forecast fell short, as the cost of filling up flirted with $4 in 2012, but never went higher. Now, with gasoline prices at $2.14, their…

Futures Higher, Point to Positive Start for 2015 [VIDEO]

U.S. stock index futures rose on Friday as equities looked to rebound from a sharp decline in the previous session, though moves and volume were likely to remain tepid as the holiday week draws to a close. Wall Street ended December with solid gains for both the year and fourth quarter, though a broad decline…

US Stock Market: Dow Hits A New High 18,000 [VIDEO]

The Dow Jones Industrial Average hit 18,000 for the first time at the opening bell Tuesday, getting a boost after the Commerce Department revised its estimated GDP for July-September to 5 percent growth — the fastest quarterly increase since 2003. Tech and consumer companies have logged some of the index’s biggest gains this year.

Sony Cancels premiere of ‘The Interview Movie’ amid threats [VIDEO]

BREAKING: US officials now say they believe North Korea was behind the computer hacking attack on Sony Entertainment & Sony Pulls the Film Amid Threats. The New York premiere of ‘The Interview’ has been canceled in wake of threats from Sony hackers, a spokesperson for Landmark’s Sunshine Cinema said Tuesday. A message from the hackers…

Does Broome County really need a casino?

Controversial plans have been put forward recently to build a casino in the Southern Tier. The potential developments have attracted both criticism and praise from various commentators, many of whom argue that it is a necessary evil for the region. If the plans go ahead, a new venue named the Traditions at the Glen Casino…

SeaWorld CEO to Step Down

Troubled theme park operator SeaWorld Entertainment Inc said Jim Atchison would step down as chief executive, and it would cut some jobs, sending the company’s shares up 2 percent in extended trading. SeaWorld did not say how many jobs it would cut, as part of its restructuring plan aimed at saving about $50 million by…

Stock Futures Lower After China, Japan Data Disappoints [VIDEO]

U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its latest record high, as soft data in China and Japan kindled global growth concerns. Economic data showed China’s exports rose at a slower than expected pace and imports dropped 6.7 percent in November, while Japan’s economy shrank more than expected…

Amazon Deploys Robot Shipping Army

E-commerce giant Amazon.com has boosted efficiency—and given workers’ legs a break—by deploying more than 15,000 wheeled robots to crisscross the floors and aisles of its biggest warehouses, pick up customer orders, and deliver stacks of toys, books and other products to employees. Amazon, which faces its single biggest day of online shopping Monday, has invested…

Aereo files for Chapter 11 bankruptcy

Aereo, the streaming TV service that let users watch near-live TV on any internet-connected device, has today announced that it is filing for Chapter 11 bankruptcy. In a blog post, the company stated that a US Supreme Court decision had “effectively changed the laws that had governed Aereo’s technology, creating regulatory and legal uncertainty. And…