Weekly Roundup | Business and Economy: Top 20 business stories of the week of Sept 19 - 26th, 2016
By working faithfully 8 hours a day, you may eventually get to be the boss and work 12 hours a day. - Robert Frost
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1 +18y+ ago
Designers refuse to make clothes to fit American women. It’s a disgrace.
Far more women in this country wear a size 16 than a size 6, but the industry either doesn't notice or doesn't care. There are 100 million plus-size women in America, and, for the past three years, they have increased their spending on clothes faster than their straight-size counterparts. There is money to be made here ($20.4 billion, up 17% from 2013). But many designers — dripping with disdain, lacking imagination or simply too cowardly to take a risk — still refuse to make clothes for them.
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Submitted on September 23rd 2016 by swift528491 with 8 comments
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2 +18y+ ago
Nokia says it can deliver internet 2,000 times faster than Verizon Fios
Nearly every month, Verizon Fios defends its title as the fastest ISP in Netflix's speed index. From time to time, another ISP will unseat the champion, but the change never lasts long. Of course, some have argued that such speed index tests are inaccurate and grossly over-simplified. However, it's hard to argue against the fact that Verizon Fios is a name synonymous with internet that's fast as hell. How fast is that exactly? Well, the top plan currently offered is 500 Mbps both up and down.
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Submitted on September 21st 2016 by weekendhobo
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3 +18y+ ago
Chat Bots Aren’t a Fad. They’re a Revolution.
Get used to talking to businesses like you talk to your friends.
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Submitted on September 20th 2016 by gladsdotter
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4 +18y+ ago
The Netflix Backlash: Why Hollywood Fears a Content Monopoly
The streaming service is spending $6 billion a year on content, choking basic cable and brusquely rattling the relationship business of the town as fears of a Google- or Apple-sized dominance send a chill down the entertainment industry's spine.
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Submitted on September 21st 2016 by geoleo
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5 +18y+ ago
The Trademarking of "Taco Tuesday"
Taco Tuesday is an American institution. But one fast food chain says every bar and taqueria with a Taco Tuesday special is infringing on its intellectual property.
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Submitted on September 24th 2016 by ivangro
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6 +18y+ ago
Guy Arrested Over KickassTorrents Blocked From Talking To His US Attorney
“There’s no way that there could be a fair trial in the United States, or a fair extradition process, without Artem being able to have access to U.S. counsel, to learn his rights, to be able to galvanize the evidence, and to do so in a robust and expedient manner,”
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Submitted on September 19th 2016 by kxh
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7 +18y+ ago
'Wells Fargo isn't the only one': Other bank workers describe intense sales tactics
Most Americans were shocked when they learned that thousands of Wells Fargo employees had opened millions of fake accounts. People who work at other banks weren't surprised at all. Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks.
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Submitted on September 23rd 2016 by grandsalami
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8 +18y+ ago
Waste not want not: Sweden to give tax breaks for repairs
Government to tackle ‘throwaway culture’ by cutting VAT on fixing everything from bicycles to washing machines
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Submitted on September 19th 2016 by rti9
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9 +18y+ ago
Normal Interest Rates...what is that now.
When central banks started cutting interest rates to near zero after the 2008 stock market crash, they saw it as an emergency measure and thought things would gradually get back to normal. Now they’re wondering what normal means.
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Submitted on September 20th 2016 by Appaloosa with 1 comments and with 1 Related Links:
1. Bitcoin is money....e-money Added by Appaloosa on September 20th 2016.
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10 +18y+ ago
Sorry, not sorry: Mylan CEO refuses to apologize for EpiPen price hikes
Does your EpiPen cost a fortune? Blame Mylan for that. Anger and bipartisan disgust toward Mylan, the drugmaker that sells the EpiPen, increased after the company hiked up prices to $608 for a two-pack, up from about $100 in 2009. The company is also under fire for other shady practices involving the CEO’s mother. But Mylan's chief executive says not so fast."I think many people incorrectly assume we make $600 off each EpiPen.
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Submitted on September 24th 2016 by rawlings with 2 comments
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11 +18y+ ago
Deutsche Bank’s Low Capital Makes It No. 1 for Risk in Study
Deutsche Bank AG’s status as the riskiest among its peers is worsening, based on a U.S. regulator’s measure of leverage, adding to the lender’s woes as it braces for a settlement over mortgage securities.
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Submitted on September 20th 2016 by Appaloosa
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12 +18y+ ago
I Published My Debut Novel to Critical Acclaim—and Then I Promptly Went Broke
Merritt Tierce on the dark side of literary fame.
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Submitted on September 19th 2016 by gladsdotter with 1 Related Links:
1. Merritt Tierce can't make a living as a writer. Here's why you should care Added by gladsdotter on September 19th 2016.
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13 +18y+ ago
Six companies are about to merge into the biggest farm-business oligopoly in history
Monsanto and other agriculture companies want to get bigger.
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Submitted on September 21st 2016 by PedroMNunes
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14 +18y+ ago
Intel Stock Reaches 15-Year High; Raises Q3 Revenue Target For PC
Intel is expecting a Q3 revenue of $15.3-15.9 billion as compared to the previous, $14.4-15.4 billion. Intel claims that there are signs of increasing PC demands and hence the company is raising the bar. This would mean a yearly gain of 7.8% which is the best the company has seen since Q3 in 2014. How does this affect Intel Stock? Let’s find out. PC demand has been falling for some time now as we have talked about earlier and this has affected the company in a negative way.
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Submitted on September 20th 2016 by TentativePrince
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15 +18y+ ago
US companies are 'hoarding' a record $2.5 trillion in cash overseas
The amount of overseas cash is the highest in history, and it is unlikely to come back.
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Submitted on September 19th 2016 by drunkenninja with 3 comments and with 2 Related Links:
1. Total contempt Added by Appaloosa on September 19th 2016.
2. The US hoards money too Added by Appaloosa on September 19th 2016.
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16 +18y+ ago
HP just made it impossible to use third-party ink in its printers
HP silently disabled the ability to use third-party printer ink cartridges in its HP Officejet printer lines.
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Submitted on September 21st 2016 by sjvn with 2 comments
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17 +18y+ ago
Former Disney Digital Boss Says He "Loves Piracy"
Entertainment industry workers usually speak about illegal downloading in the harshest of terms but for one former Disney executive, it has its upsides. Speaking at the huge All That Matters conference, Samir Bangara admitted that he "loves" piracy as it's a great indicator of content popularity. The piracy debate can be broadly split into two camps – those who believe it’s a destructive thing that needs to be stopped at all costs, and those who maintain the phenomenon has its upsides.
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Submitted on September 22nd 2016 by baron778
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18 +18y+ ago
Tesla sues Snyder, Schuette to sell cars in Michigan
Electric automaker Tesla filed a lawsuit today against state officials, escalating its multi-year battle to sell vehicles directly to consumers in Michigan. The California automaker named Michigan Secretary of State Ruth Johnson, Michigan Attorney General Bill Schuette and Gov. Rick Snyder in its lawsuit filed in in federal court. A spokesman for the governor declined to comment and a spokeswoman for Schuette said his office is reviewing the lawsuit.
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Submitted on September 23rd 2016 by Chubros
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19 +18y+ ago
Dunkin' Donuts is still serving coffee in Styrofoam cups 6 years after saying it would stop
For years, Dunkin' Donuts has said it would replace its iconic plastic foam cups with cups that are more environmentally friendly. In a 2010 report, the coffee chain said it considered its use of foam to be "the most prominent sustainability issue we must deal with."
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Submitted on September 25th 2016 by 8mm
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20 +18y+ ago
Virginia starts tourism marketing campaign for LGBT travelers
The Virginia Tourism Corp. Thursday started a new marketing program specifically aimed at drawing lesbian, gay, bisexual and transgendered — aka LGBT — tourists to visit the state. The campaign enables businesses such as hotels and wedding venues to designate themselves as LGBT friendly on the state’s tourism website.
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Submitted on September 24th 2016 by larylin
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Here are this week's top five Business & Economy tribes:
/t/business 83 posts, 28 comments, 330 votes.
/t/finance 22 posts, 18 comments, 105 votes.
/t/economy 25 posts, 48 comments, 94 votes.
/t/copyright 9 posts, 4 comments, 39 votes.
/t/tourism 9 posts, 0 comments, 9 votes.
Note: Tribes can only be featured once every four weeks. Validate your tribe to be included on this list!
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