Category Archives: Business

Chinese companies are learning that investing in Africa isn't easy

. On the western edge of Lake Victoria in Uganda, 100 miles south of Kampala and an hour or more drive up a progressively narrower dirt track, is the site of what was meant to be one of the biggest

Former ESPN, NFL Network chief executive wants a bigger arena for video game competitions

LOS ANGELES – Steve Bornstein, former chief executive at ESPN and NFL Network, walked toward his seat in a hazy convention hall buzzing with 20,000 people in Anaheim, Calif., last week, mouth agape and eyes wondrously staring at a crazy

Fed 'leaks' help to pump up stock market

investing James Saft | New data show not only that the Federal Reserve “leaks” or informally guides the market about its intentions, but also that its intentions are, on the whole, staggeringly positive for stock markets. The picture that emerges

Wisconsin Assembly set to approve bill giving lawmakers oversight of self-insurance contract

MADISON, Wis. — The Legislature’s budget-writing committee would have to approve any contract moving Wisconsin public workers into a self-insurance model under a bill up for approval in the state Assembly. The measure being debated Monday comes as Gov. Scott

Bad weather delays US space station shipment, 1st in months for NASA's commercial suppliers

CAPE CANAVERAL, Fla. — A special delivery to the International Space Station will have to wait at least another day. Thick clouds and rain prevented an unmanned Atlas V (five) rocket from lifting off Thursday evening from Cape Canaveral, Florida,

Pennsylvania judges propose record $50M fine against Uber for operating without approval

HARRISBURG, Pa. — Judges for the Pennsylvania agency that regulates buses and taxis recommended on Tuesday a record $50 million fine against ride-sharing company Uber for operating in the state without approval. Two administrative law judges issued the decision, subject

As Connecticut farm celebrates 275 years, owners seek new stewards in family's 9th generation

MIDDLEFIELD, Conn. — Lyman Orchards has operated in Connecticut through wars, financial panics and a World War I-era freeze that destroyed its peach crop. As the Middlefield farm prepares to celebrate its 275th year in operation next year, the Lyman

Swiss watch maker Tag Heuer unveils $1,500 luxury smartwatch with Google, Intel

NEW YORK — A leading Swiss watchmaker and two technology titans have combined forces to produce a computerized wristwatch billed as the “world’s smartest luxury watch.” Tag Heuer CEO Jean-Claude Biver says his company has been building mechanical watches for

Facebook takes the open office concept to a new extreme

MENLO PARK, Calif. – Deep inside Facebook’s massive new headquarters, the largest open-office workspace in the world, sits the desk of Lindsay Russell. It is a white slab, 5-feet long, no drawers. The top has room for her laptop, computer

Supreme Court skeptical of effort by Tyson Foods to impose new limits on class actions

WASHINGTON — The Supreme Court appears likely to sustain a multimillion dollar judgment against Tyson Foods Inc. in a pay dispute with more than 3,000 workers at a pork-processing plant in Iowa. In arguments Tuesday, the justices indicated that they

Home Depot posts 3Q profit, results beat Wall Street forecasts on a boost in sales

NEW YORK — The Home Depot Inc. reported its profit rose 12.2 percent in its fiscal third-quarter as sales gained ground, fueled partly by a continued housing market recovery. The home-improvement retailer reported net income of $1.73 billion, or $1.35

Minnesota cuts royalty rates for beleaguered taconite producers

ST. PAUL, Minn. — Minnesota officials are giving a break to three taconite producers by retroactively lowering their royalty rates on ore mined on the Iron Range. Wednesday’s decision will cost the state an estimated $890,000 that would have come

CSX railroad sees further deterioration in demand for coal, cuts outlook for the second time

OMAHA, Neb. — For the second time this year, CSX railroad has cut its annual outlook as the nation’s appetite for coal deteriorates further. Chief Financial Officer Frank Lonegro said Wednesday that CSX now expects earnings-per-share growth of about 3

Where are you on the money matrix?

We nicknamed one of our daughters “Mudge” because she suffers from early-onset curmudgeonness (which I suspect stems from my side of the family). While she is highly productive and disciplined, when something is way out of her comfort zone, she


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