All Posts Tagged Tag: ‘business’

Janet Yellen to Make First Speech as New Fed Chair

Janet Yellen, as the newly appointed Fed chair and first woman to ever hold the post, will make her first comments today before the House Financial Services Committee and then Thursday before the Senate Banking Committee. She has addressed these committees before as vice chair for three years and as a leading economist for a long time, but now she …

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Meat Recall Amounts To a Year’s Worth of Product

Northern California meat producer, Rancho Feeding Corp., is recalling 8.7 million pounds, or what amounts to about a year’s worth, of meat. The affected meat was processed from Jan. 1, 2013, through Jan. 7, 2014, according to the AP. Rancho Feeding Corp. has been under the magnifying glass of the USDA Food Safety and Inspection Service, which determined that the …

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Hot Coffee Once Again Lands McDonald’s in Hot Water

Nearly 20 years after Stella Liebeck won compensatory and punitive damages from McDonald’s after spilling hot coffee in her lap and sustaining serious injury, another woman is suing the fast food giant over a similar injury. Los Angeles resident Paulette Carr has filed a suit against McDonald’s after she spilled hot coffee on herself at a drive-thru on January 12th, …

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Macy’s Job Cuts: Chain Aims To Save $100 Million

Despite its financial success over the holiday, Macy’s has announced plans for closings and layoffs for 2014. By early spring, the company will be closing five stores in Arizona, Kansas, Missouri, New York, and Utah – opening eight new ones in their stead. This change marks the start of Macy’s imminent restructuring to reduce annual company costs. As they combine …

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Macy’s Cuts Jobs And Plans To Close Five Stores

Macy’s has created a reorganization plan and it includes closing five stores and cutting 2,500 jobs. Currently Macy’s has 840 stores in 45 states either under the Macy’s name or Bloomingdale’s name with approximately 175,000 employees. Soon they will close down stores in Arizona, Kansas, Missouri, New York, and Utah. Though sales for the holiday season rose 4.3% compared to …

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CheeriosTo Become GMO-Free, A Big Business Decision For General Mills

With all of the controversy surrounding GMOs and the way they are used in food, some companies are starting to take notice, and are altering their products as a result, which should be able to help their business. People all over the country have been working to get foods labeled that contain GMO ingredients, and eventually be able to have …

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Unemployment: A Long Term Problem; No End in Sight

CNN Money reported recently about one woman’s struggle to find a job. Lena Rouse was an IT analyst at a regional bank and was laid off from her job. She has 2 Master’s degrees – one in business and one in IT. She has 22 years of work experience. And she spent all of 2013 unemployed in Columbus, Ohio, the …

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Dan Aykroyd Talks Business and We Talk About Him

It’s the 30th anniversary of one of America’s favorite Christmas movies, Trading Places. Entrepreneurs are eating up Dan Aykroyd’s assertion in a Bloomberg interview that if Trading Places isn’t the Best Movie of All Time, it is at least the Best Business Movie of All Time. While co-star Eddie Murphy’s personal life might be a little more known that Dan …

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Minimum Wage Hike: Will There Be More Jobs or Less?

According to a recent ABC News/Washington Post poll conducted by Langer Research Associates, two-thirds of the United States populace supports an increase in minimum wage. Many claim that basic livelihood necessities cannot be met with the current payment structure in place. In fact, 48 percent of those polled are “strongly” supportive of an increase while only 20 percent are “strongly” …

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New Survey Ranks Most Cursed-At Businesses

It’s nearly Christmas and retailers around the U.S. are undoubtedly suffering the verbal wrath of consumers who have put their holiday shopping off for too long. Retail, however, is not the only profession that has to deal with colorful language from customers. A new survey from market research firm Marchex has examined customer phone calls over the past two years, …

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Walking Dead Creator Frank Darabont Sues AMC Over The Show’s Profits

Frank Darabont, the creator of The Walking Dead, is currently pursuing a lawsuit against the AMC network. The Walking Dead let go of its creator, and he is claiming the channel breached his contract, and neglected to pay him tens of millions of dollars during the process. As the top-rated drama on television, and a show that has done very …

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Blockbuster Is Shutting Down in the UK As Well

After administrators Moorfields Corporate Recovery failed to secure a buyer for Blockbuster UK’s 91 remaining stores, the company has announced that they will be all be shut down next week. All remaining Blockbuster stores in the UK will be closed, forever, on December 16th. This is a move that will cause a loss of 808 jobs. All remaining stock will …

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