Company News

Why North Korea's attack should leave every company scared stiff

By backing down from showing "The Interview,"Sony has set a dangerous precedent. Hackers now have a blueprint for hurting American companies.  More

BlackBerry ending year on sour note

It's been a mostly successful turnaround year for BlackBerry under CEO John Chen. But the company's sales continue to plunge and that has Wall Street spooked.  More

It's time for disruptive tech firms to grow up

Companies such as Uber and Airbnb need to behave more responsibly towards their staff and customers.  More

Justin Bieber lost 3.5 million followers

Kim Kardashian barely qualifies as famous, after Instagram loses a ton of weight.  More

Russia crisis hurts these brands the most

Russia's economic turmoil has already spread to companies in the West and many brands are bracing for a bigger blow to earnings.  More

Uber agrees to temporarily suspend service in Portland

Portland's mayor says the city will create new rules, eventually allowing Uber to operate there.  More

Avon fined for bribing Chinese officials with Gucci bags

Beauty goods company Avon has been fined $135 million by the SEC for bribing Chinese officials with luxury goods -- everything from Gucci bags to Tiffany pens.  More

YouTube CEO: Paid maternity leave is good for business

Susan Wojcicki said the rate of new moms leaving Google fell by 50% after the company began offering 18 weeks of paid maternity leave.  More

Elizabeth Warren allies march outside Citi: 'Break big banks'

Protesters gathered outside Citibank's headquarters to echo Warren's call to break up big banks.  More

'The Interview' was expected to bring in $100 million for Sony

Sony's decision to not release 'The Interview' could cost it $60 million in global box office revenue and up to $50 million from other channels.  More

What's wrong with Google?

Google's stock has been left behind while its rivals soar in 2014.  More

In Russia, no more $30 Ikea 'Billy' bookcases - at least for now

Ikea has suspended sales of furniture in Russia following a dramatic fall in ruble.  More

GM halts deliveries to Russia

GM says it has temporarily halted deliveries to Russia due to the plunge in the value of the ruble.  More

Sony stock soars after movie is shelved

Wall Street loves Sony, now that "The Interview" is on the cutting room floor.  More

$57.6 million for Countrywide whistleblower

O'Donnell sued Countrywide, and how he's getting chunk of $16.6 billion settlement.  More

15 execs who make more than their CEOs

Sure, corporate chiefs' pay often is eye-poppingly high. But at some companies, executives lower down the ladder quietly out-earned their CEO bosses.  More

Movies are the least of Sony's problems

Hacking of Sony's movie studio is getting most of attention but problems and losses in consumer electronics a much bigger problem for the company.  More

Americans send $2 billion a year to Cuba

That number will likely grow as the Obama Administration eases restrictions with the Communist country.  More

Sony downplays digital 'Interview' possibility

The Internet could be both villain and savior to Sony by giving it an option on how to release its controversial comedy.  More

Uber says it will toughen background checks

Uber says it will toughen checks on drivers, including using biometric screening, voice identification and, in some countries, polygraphs.  More

Quinoa: Now part of a complete, balanced, breakfast

The snack and cereal company is introducing new gluten-free and health foods for the breakfast table.  More

Cuba poised to join the Internet age

Cuba has ranked among the most restrictive nation's for Internet access, but a policy shift by the U.S. government could bring the island into the information age.  More

3 stocks to buy in a market crash

The world economy is getting worse. It might be time to re-position your investment portfolio.  More

Reddit takes down Sony hack forum

Reddit made the unusual decision to take down a subreddit that housed hacked Sony Pictures materials.  More

Uber to use Baidu maps and apps in China

The Chinese search giant will invest an undisclosed amount in the car sharing company. Uber will be able to use Baidu's mapping and mobile technology.  More

Russia iPhone prices have fallen 34% this year

IPhone and iPad prices in Russia have tumbled in 2014 as the ruble collapsed.  More

Drivers to save $550 on gas in 2015

Low gas prices should stick around in 2015, saving drivers about $45 a month compared to what they've spent this year.  More

The best stocks of 2014

This year has been very solid for stocks, but these 6 were the best of the S&P 500.  More

McDonald's forced to ration fries in Japan

McDonald's restaurants in Japan are running short of fries because a labor dispute in the U.S. is delaying shipments of potatoes.  More

Hacked Sony ex-employees sue for privacy violations

Former Sony Pictures employees sue the company for failing to protect their personal information.  More

Apple closes online store in Russia as ruble tumbles

It's yet another sign of the Ruble's free fall. The currency has now lost about half of its value against the U.S. dollar.  More

Airline stocks and profits soar thanks to oil plunge

Jet fuel decline saving airlines billions of dollars but that is going to fatter profits, higher stock prices, not lower fares for customers.  More

Tesla sales forecast cut by 40% due to low oil prices

Morgan Stanley analyst Adam Jonas cuts his price target for Tesla, saying cheaper oil could hurt sales of next generation Model 3 aimed at mass market.  More

American Apparel's Dov Charney is out for good

Paula Schneider will take the helm at the company on Jan. 5.  More

GM to make more cars in Mexico

GM plans to invest a total of $5 billion to modernize and expand factories in Mexico.  More

Who loses if Russia implodes?

Russia's uncertain future has caused a ripple effect for countries and businesses around the world that it trades with. But who in the West has most to lose if things go from bad to worse in Russia?  More

Some companies won't survive the oil meltdown

The plunge in oil prices is causing a cash crunch in the energy industry, especially for shale oil.  More

Olive Garden is red hot again

The stock of Olive Garden owner Darden Restaurants has been sizzling since hedge fund Starboard won control of the company's board. Will investors want seconds?  More

T-Mobile will roll over your data

T-Mobile's latest disruptive move? It's letting you rollover your unused data from one month to the next.  More

Amazon's last minute shoppers get more time

Amazon is offering its Prime members, who pay $99 a year, until December 22 for their last minute gifts.  More

Toys 'R' Us extends hours for last-minute shoppers

The chain's pre-Christmas marathon isn't what it once was, but the Times Square location will stay open continuously for a week.  More

Uber limits 'God view' to improve rider privacy

Uber has rolled back employee access to "God view" mode, which allows them to track riders' movements and personal data.  More

The worst stocks of 2014

The stock market smashed record after record in 2014. Apparently these stocks didn't get the memo.  More

Spotify CEO sees bright side to Taylor Swift breakup

Spotify founder Daniel Ek talks to Billboard about streaming music.  More

14 biggest tech fails of 2014

2014 was chock-full of big failures in technology, from security snafus to executive gaffes. Here are the top ... er ... bottom 14.  More

Author of disputed Rolling Stone article is getting back in touch with sources

Sabrina Rubin Erdely still hasn't said anything in public about the discrepancies in her Rolling Stone article, but she's "re-reporting" it, according to some of the people involved.  More

Ford shares tumble 5%

Ford was one of the worst performing stocks in the S&P 500 Monday.  More

As oil falls, Middle East stocks tank

The Dubai stock exchange is down 22% so far in December. Investors aren't sure Gulf states can withstand cheap oil.  More

Sony hack sends stock down 10% in past week

Sony's stock has tumbled as more and more embarrassing emails have come to light. Is it an overreaction?  More

Why Apple is defending Microsoft in court

When are your private emails really out of the U.S. government's reach?  More

Amazon U.K.'s 1 penny firesale

A software used by some Amazon sellers in the United Kingdom went haywire Friday, causing prices to fall to one penny.  More

Busiest day of season for FedEx, postal service

With just 10 days left until Christmas, Monday is the peak shipping day of the season for FedEx (FDX) and the U.S. Postal Service.  More

Sony hackers: ask nicely and we'll offer mercy

The Sony hacking saga continues, this time with a slimy deal for Sony employees and threats of further data dumps.  More

Anger at Uber as fares soar during Sydney cafe siege

Uber has crashed into its latest public relations disaster after attempting to charge passengers inflated prices to leave Sydney as a hostage crisis unfolded at a cafe in the city.  More

France wants to ban uberPOP from January 1

France is planning to ban Uber's ride-sharing service uberPOP from January 1.  More

Toys 'R' Us 'layaway angels' pay thousands for others' gifts

Two customers at separate stores in Massachusetts paid for every customers' layaway items  More

Russia is buying weapons - a lot of them

Russian defense companies boosted weapons sales by more than 20% last year, driven by demand from the country's military.  More

Wireless war: Consumers win, investors lose

Discounted phones and cheaper plans are good for subscribers -- but not investors in Verizon, AT&T, Sprint and T-Mobile.  More

Takata has struggled with airbag problems since late 1990s

One of the world's largest makers of airbags, Takata has long used ammonium nitrate to inflate airbags --- airbags that are now the subject of a massive recall. But records show that the company has long worked to find fixes to problems with the chemical.  More

Chrysler grudgingly expands airbag recall

Under pressure from safety regulators, Chrysler expands its recall of older trucks while insisting airbags do not pose a threat.  More

3 things Rick Perry should know about income inequality

Texas' governor said his state does not deal with income inequality. The numbers tell a different story.  More

NYC & Chicago mull Uber-like taxi apps

Uber and Lyft could be getting some fresh competition from Chi-town, the Big Apple.  More

Ford dumps Microsoft for Blackberry

Ford upgrades Sync system that spanned customer complaints, replacing Microsoft operating system with one from Blackberry.  More

Google pulls Amazon app from Play Store

Amazon and Google are having an app store standoff, resulting in the de-listing of Amazon's app from Google Play.  More

Seaworld CEO is stepping down

The company says James Atchison will resign as President and CEO effective January 15.  More

Fired Delta worker fights to get his job back

Kip Hedges, a Minneapolis Delta baggage handler for 26 years, wants his job back. He was fired last week for comments he made about the airline's low wages.  More

No interviews at Sony's 'The Interview' premiere

The red carpet will be silent at Thursday night's premiere of Sony's "The Interview"  More

Walmart cuts iPhone price by $50

The iPhone 6 Plus is now on sale for $229 and the iPhone 6 sells for $129.  More

Microsoft fights government search warrant

Microsoft is fighting a government search warrant seeking customer emails stored abroad in a case that could have far-reaching legal implications.  More

Burger King's controversial tax savings

Burger King could be spared at least $400 million from its U.S. tax bill over the next four years, according to the liberal group Americans for Tax Fairness.  More

China's version of Tinder is worth $3 billion

Momo, a dating app that's compared to Tinder, enjoyed a 10% bump in its stock market debut.  More

Oil drops below $60, but stocks still gain

Urban Outfitters and Staples led the rebound on Wall Street Thursday.  More

Sherlock may come to life at new London theme park

Fancy a ride on the Sherlock roller coaster? Or how about a spin around the Top Gear teacups? These are some of the rides you might find at the BBC-inspired theme park currently in the works for London.  More

Wall Street bets on Staples-Office Depot marriage

An activist investor revealed a stake in Staples, potentially laying the groundwork for a tie-up with Office Depot.  More

Are the Super Jumbo's days numbered?

Airbus has dropped a hint that its Super Jumbo A380 jet might be discontinued.  More

Hacking Keurigs for cheaper coffee

Keurigs can be hacked to brew coffee from any K-cup, according to  More

McDonald's is shrinking its menu

But don't worry, the Big Mac and Quarter-Qounder with Cheese aren't going anywhere.  More

Bringing down Sony was frighteningly easy

Hackers can break into any company, and the potential damage is real. Americans don't realize how vulnerable they are.  More

Google shuts news service in Spain

Google is closing its news service in Spain as the battle between global tech companies and European policymakers intensifies.  More

RadioShack's tale of woe gets worse

Electronics retailer RadioShack continues to struggle. It posted a huge loss and plunging sales. Cash is dwindling. But the CEO touted solid Black Friday sales and cost cutting plans.  More

Torture report a best seller on Amazon

Best selling spy book on Amazon is the Kindle edition of the Senate's report on the CIA's torture program.  More

Nick Denton steps down as Gawker president

In an over 4,000-word memo, Denton highlighted a return to blogging for Gawker  More

United flight attendants all get an iPhone 6!

But they're not for taking selfies. The phones will come loaded with safety information, replacing printed manuals.  More

California prosecutors sue Uber for misleading customers

California prosecutors allege that Uber charges misleading fees and makes false claims about the quality of its background checks.  More

Next Bond movie is WAY over budget

The next James Bond movie -- "Spectre" -- is massively over budget and on track to be one of the most expensive films ever made, costing more than $300 million.  More

Sony hack: Spider-Man role at Marvel discussed

According to leaked emails, Sony almost let Spider-Man join Marvel's Avengers.  More

Hallmark pulls 'swastika' gift wrap

Hallmark apologized, days after a customer complained that a roll of wrapping paper had the Nazi symbol woven into the design.  More

What's spooking the stock market?

Stocks typically go up in December, but that's not the case so far this month.  More

'Google tax' targets Big Tech

The U.K. and Australia are moving to introduce new legislation to force tax-dodging multinationals to pay their fair share.  More

Is the doughnut fad over? Krispy Kreme sinks again

Krispy Kreme fell after disappointing results. And it's been a tough year for Dunkin'. Doughnut stocks have a lot of holes in them.  More

6 ugly stocks that look sexy in 2015

It may be time to give these stocks a second chance. They lagged the market in 2014, but look pretty attractive going forward.  More

36 coolest gadgets of 2014

Innovation was alive and well in 2014, as dozens of new gadgets gave us something to smile and think about.  More

Top 10 U.S. companies to work for

Workers say that Google, Bain & Company, Nestle Purina PetCare, F5 Networks and the Boston Consulting Group are some of the top companies to work for.  More

Toddler vs. Apple iPad Air 2: Stress Test

We gave two preschoolers a brand new iPad Air 2 and let them loose in our studios to see how much damage they could do.  More

Microsoft: Cheap PCs are here to stay

Cheap PCs are going to be the new norm as Microsoft adjusts its Windows strategy.  More

KFC just can't give up on China

It's the wild, wild east out there in China. But brands like KFC and Pizza Hut just won't give up -- no matter how many challenges they face.  More

Sorry, not sorry: Why some corporations can't apologize

Corporations screw up all the time. But some appear to be incapable of admitting they've stumbled.  More

Amazon workers lose Supreme Court fight over pay

The Supreme Court ruled that workers at an Amazon warehouse do not have to be paid for the time spent waiting to be screened by security after their shifts.  More

Fed to big banks: You need even more capital

Big banks are already subject to tough global rules regarding capital. But the Federal Reserve wants eight of the nation's biggest banks to do more to make sure 2008 never happens again.  More

'I can't breathe:' LeBron isn't shy about speaking up

LeBron James' 'I Can't Breathe" shirt shows he's not afraid to speak out, unlike past endorsement kings Tiger Woods and Michael Jordan.  More

Sony hack: Tom Cruise was asked to play Steve Jobs

Just as the deal for the Steve Jobs biopic was falling apart at Sony Pictures, the Hollywood studio pushed for Tom Cruise to fill the role.  More

Abercrombie & Fitch CEO Jeffries steps down

Shareholders cheer as un-"cool" Michael Jeffries leaves the company.  More

Twitter should sell itself. Here's why.

Twitter is a cool company with a lot of loyal users. But the stock has been a dog this year. Twitter may be better off as a subsidiary of a larger tech or media firm instead of as a standalone service.  More

London's first cereal cafe milks nostalgia

London's new Cereal Killer Cafe is looking to capitalize on hipsters' growing nostalgia for kids' cereals from the 80s and 90s, including favorites such as Lucky Charms and Count Chocula.  More

The Sony megahack: What you need to know

The Sony hack is bad, and it's getting worse. Celebrities secret aliases are getting exposed, evidence against North Korea is mounting, and hackers tried extorting Sony executives.  More

Amazon takes on eBay ... sort of

Amazon's new feature allows customers to haggle with sellers, kind of like on eBay.  More gets $25 million from big names

Silicon Valley heavyweights -- including co-founders of Twitter, LinkedIn and Yahoo -- invest in organization known for mobilizing support via online petitions. Bill Gates and Richard Branson are also buying in.  More

Message to Sony: Don't show 'movie of terrorism'

A message claiming to be from the Sony Pictures hackers is warning the company to censor itself -- or face a war.  More

Income inequality hurts economic growth

The gap between rich and poor is bad for economic growth because it limits access to education for the bulk of the workforce, according to the OECD.  More

Deutsche Bank charged with tax fraud

A lawsuit filed by the U.S. Manhattan Attorney Monday alleges that Deutsche Bank avoided paying millions in taxes.  More

Tesla's stock plunges along with oil prices

Shares of Tesla have plummeted. But are sinking gas prices the reason for Tesla's woes? Or just a coincidence?  More

Big Oil hits the brakes on shale spending

Oil producers spent heavily on shale projects but $65 oil is forcing them to dial back.  More

Madoff employee gets 10 years in prison

After Bonventre, four other former Madoff employees are expected to be sentenced later this week.  More

IBM: The Dow's Big Blah stock

IBM is in the red for 2014. But Cisco, Microsoft and Intel are surging. Does IBM need to follow HP's lead and break up to get back on track?  More

Samsung's latest WTF phone

The Samsung Galaxy Note Edge is quirky, and its defining difference is not all that useful. But it's innovative for sure.  More

French Toast Crunch cereal is back

General Mills has given the sugar-blasted breakfast treat new life, announcing its return to supermarket shelves after an eight-year hiatus.  More

Netflix speeds jumped 51% this year

The top Internet providers are sending Netflix streams your way 51% faster than last year. That means better picture quality, quicker start times and fewer interruptions.  More

These college presidents make at least $1 million

Pay for presidents at private colleges rose 2.5% in 2012, according to a new report from The Chronicle of Higher Education.  More

Sony hacked again as Playstation goes offline

A new hacking attack on Sony left PlayStation customers unable to go online.  More

Battle Royale: Active vs passive investing

Should you pay a big shot manager to invest your money or is it better to keep it simple?  More

Hackers threaten Sony employees' families

The group that hacked into Sony's computer system last month has sent a threatening email to employees, warning that their families are in danger.  More

Obama's economy - How it stacks up

The recovery is picking up, but how does it compare to the Reagan, Bush and Clinton years?  More

Ratings snag for NBC's 'Peter Pan Live!'

"Peter Pan Live!" fell short of "The Sound of Music Live!" bringing in just 9.1 million viewers for NBC.  More

The final sale: Delia's is liquidating

Teen girl retailer is selling everything ahead of Chapter 11 bankruptcy.  More

Starbucks wants to be the "Willy Wonka of coffee"

The Starbucks Reserve Roastery and Tasting Room intends to be a wonderland of coffee.  More

Will Alabama pass the Tim Cook bill?

Apple CEO Tim Cook is "honored" to have his name associated with a bill that would protect openly-gay workers in his home state of Alabama.  More

Yo B*tch: Breaking Bad's new app

Actor Aaron Paul wants to help you and your friends communicate the Breaking Bad way. By sending each other 'Yo B*tch' messages with his new app.  More
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