Business

Why You Should Go to Grad School for an MBA Degree

The job market sucks. Career fields that have historically been great for salary and prestige, like medicine, law, and engineering, have become saturated markets for job seekers. Millennials, despite being the most highly educated generation in history, face an unprecedented amount of debt and poor...

Monday, April 23, 2018 - 1:17pm

Felix Capital announces $150M fund for 'entrepreneurs with big ideas'

London-based Felix Capital closed off its second fund to new investors at $150 million earlier this week, the company announced. Now, their strategy is to "double down on the creative class" with future investments, Felix said in a press release. "It’s still early in this...

Friday, July 7, 2017 - 5:19pm

New Google Docs phishing attack could give your computer malware

If you received an invitation from someone to edit a file via Google Docs, and you don’t recognize the name, don’t open it. It could be a phishing scam and a potential computer virus. On Tuesday, a clever email phishing scam quickly spread across the internet and is masked as an...

Thursday, May 4, 2017 - 12:14pm

Fox News anchor, others hit network with race bias claims

Fox News is facing renewed legal claims that it mistreated non-white employees, including a television anchor who said he was depicted as "the racist caricature of a black entertainer." Eleven current and former Fox employees, including anchor Kelly Wright, filed an amended lawsuit in...

Wednesday, April 26, 2017 - 11:46am

What is Eli Manning's net worth?

Quarterback Eli Manning has played for the New York Giants since 2004 and is in his 14th year as a pro-player. So how much is the younger brother of Peyton Manning worth? Some estimates place his net worth at $115 million while others put it at around $65 million. Forbes reported Manning’s...

Thursday, April 13, 2017 - 8:08pm

United passenger launches legal action over forceful removal

Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an Illinois state court on Wednesday to require the carrier to preserve video recordings and other evidence related to the incident. Citing the risk of "serious prejudice" to their...

Wednesday, April 12, 2017 - 7:42pm

Facebook to use photo-matching to block repeat 'revenge porn'

Facebook is adding tools on Wednesday to make it easier for users to report so-called "revenge porn" and to automatically prevent the images from being shared again once they have been banned, the company said. "Revenge porn" refers to the sharing of sexually explicit images on...

Wednesday, April 5, 2017 - 10:15am

Venezuela money supply up 200 percent in year, fastest rise on record

By Girish Gupta CARACAS (Reuters) - Crisis-stricken Venezuela's money supply has surged over 200 percent in a year, its fastest rise since records began in 1940, putting it on track for what is likely the world's highest inflation. Soon after a...

Monday, April 3, 2017 - 12:56pm

China March factory activity expands but at slower pace - Caixin PMI

BEIJING (Reuters) - Activity at China's factories expanded for a ninth straight month in March but at a softer pace as new export orders slowed, a private survey showed, raising questions about whether a recent pickup in global demand is losing steam. The Caixin...

Friday, March 31, 2017 - 10:25pm

Caterpillar shuts plant in Aurora, Illinois, that employs 800

By Gayathree Ganesan and Akankshita Mukhopadhyay (Reuters) - Caterpillar Inc <CAT.N> said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world's largest construction and mining equipment maker shifts...

Friday, March 31, 2017 - 9:07pm

Beyond jobs, car sales to give insight on consumer health

By Rodrigo Campos NEW YORK (Reuters) - Forget the jobs report. The most interesting bit of U.S. economic data next week is Monday's auto sales release, which will offer a measure of the middle-class consumer and a sector of the stock market that has had a rough...

Friday, March 31, 2017 - 6:26pm

Trump's orders target trade abuses, import duty evasion

By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump sought to push his crusade for fair trade and more manufacturing jobs back to the top of his agenda on Friday by ordering a study into the causes of U.S. trade deficits and a clampdown on import...

Friday, March 31, 2017 - 6:03pm

ECB's Jazbec says data shows ECB's QE decision was right: report

LJUBLJANA (Reuters) - Data shows the decision of the European Central Bank (ECB) to prolong its quantitative easing program until the end of 2017 was correct, ECB governing council member Bostjan Jazbec said in an interview published on Saturday. "The decision...

Friday, March 31, 2017 - 6:03pm

Prepaid card firm NetSpend settles FTC charges for $53 million

WASHINGTON (Reuters) - NetSpend Corp, a unit of Total System Services Inc <TSS.N>, has agreed to settle Federal Trade Commission allegations that the prepaid card company deceived people about access to funds deposited on NetSpend debit cards, the FTC said on Friday...

Friday, March 31, 2017 - 5:45pm

Chicago suburb's bond rating cut to junk over stadium debt

CHICAGO (Reuters) - The credit rating for Bridgeview, Illinois, fell into the junk level on Friday after S&P Global Ratings hit the Chicago suburb with a four-notch downgrade to BB-minus. S&P cited debt pressures on Bridgeview, which issued $135 million of...

Friday, March 31, 2017 - 5:40pm

'World of Warcraft' holds lessons for central bankers: Haldane

LONDON (Reuters) - Central bankers can learn from the computer gaming industry as they try to communicate with a public that often has little idea what they do, the Bank of England's chief economist Andy Haldane said. Central banks around the world have played a key...

Friday, March 31, 2017 - 5:02pm

BOJ deputy governor Nakaso joins Japan government panel on fiscal policy

TOKYO (Reuters) - Bank of Japan Deputy Governor Hiroshi Nakaso became the first central bank executive in seven years to join a government panel on fiscal policy, underscoring the role its massive monetary stimulus plays in reining in Japan's huge fiscal debt....

Friday, March 31, 2017 - 4:04pm

BlackRock's active gambit ups pressure on rivals

By Trevor Hunnicutt and Tim McLaughlin NEW YORK/BOSTON (Reuters) - BlackRock Inc's <BLK.N> decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a...

Friday, March 31, 2017 - 3:25pm

Comcast says it will not sell customer browsing histories

Comcast said Friday it would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules.The bill would repeal regulations adopted in October by the Federal Communications Commission under...

Friday, March 31, 2017 - 3:09pm

Third Avenue in $14.25 million settlement over junk bond fund collapse

By Jonathan Stempel NEW YORK (Reuters) - Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed...

Friday, March 31, 2017 - 2:50pm