Business

Business
1:07 pm
Tue October 8, 2013

All About The Benjamins: U.S. Introduces New $100 Note

A sheet of uncut $100 bills as they make their way through the printing process at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas.
LM Otero AP

Originally published on Tue October 8, 2013 9:52 am

After production problems and delays, the Federal Reserve will finally circulate a new $100 bill on Tuesday. The aim of the redesigned bank note is to make it harder to fake: For example, when you tilt the note, the bells and numbers inside a 3-D security stripe will move, and a bell hidden inside the gold inkwell will change color.

Read more
Business
3:05 am
Tue October 8, 2013

Phase 2 Of BP Trial Focuses On Amount Of Spilled Oil

The Deepwater Horizon oil rig is seen burning in the Gulf of Mexico in April 2010. A second phase of the BP trial, which started this week, looks at just how much oil spilled into the Gulf.
Gerald Herbert AP

Originally published on Tue October 8, 2013 12:48 pm

In a New Orleans courtroom this week, BP and the federal government are arguing over how much oil gushed into the Gulf of Mexico after the Deepwater Horizon explosion in 2010.

Oil flowed from the out-of-control well for nearly three months. Just how much oil spilled will be key in determining the amount BP will have to pay in federal fines and penalties.

Read more
Business
5:41 pm
Mon October 7, 2013

In A Debt Crisis, U.S. May Have To Decide Payment Priorities

House Republicans have proposed directing the Treasury Department to pay bondholders first if there is not enough money available to pay all the nation's debts.
Carolyn Kaster AP

Originally published on Wed October 9, 2013 12:02 pm

The government is just 10 days away from defaulting on its debt. Treasury Secretary Jack Lew has said that by Oct. 17, the department will likely have less money on hand than it needs to pay all its bills.

"The reality is that if we run out of cash to pay our bills, there is no option that permits us to pay all of our bills on time, which means that a failure of Congress to act would for the first time put us in a place where we're defaulting on our obligations as a government," Lew said on NBC's Meet The Press on Sunday.

Read more
Business
4:51 pm
Sun October 6, 2013

Tesla Slips From Pedestal That May Have Been Too High

It's been a rough week for Tesla, but extra scrutiny is expected for the new car on the block, says Jake Fisher of Consumer Reports.
Jeff Chiu AP

Originally published on Fri October 18, 2013 9:52 am

Over the last year of so, Tesla motors has received some really good press. But this past week, it's been knocked off its pedestal.

"We're a country that likes to put things up on pedestals and then tear them down from pedestals. We do that with people, I think we do that with things," says Jack Nerad, an analyst with Kelley Blue Book.

Read more
October 2013
6:23 pm
Tue October 1, 2013

Excel For the Benefit of Your Clients

Chornyak Assoc.

I hope you'll take a look at our video for this month.  It's a personal message from me to our clients, potential clients, and friends.  I want you all to know that I love what I do and I'm highly motivated to provide you the best financial counseling possible.  It's a goal that all management and staff at Chornyak & Associates share and strive to achieve in our everyday dealings with you.

Read more
Business
10:10 am
Fri September 27, 2013

eBay To Acquire Payment Processor Braintree For $800 Million

An illustration of online payment service PayPal at LeWeb Paris 2012 in Saint-Denis, France.
AFP/Getty Images

Originally published on Thu September 26, 2013 1:51 pm

Auction site eBay, which owns PayPal, is buying the online and mobile payment company Braintree for $800 million — an acquisition that eBay's CEO calls "a perfect fit."

The deal, announced Thursday, could help eBay as it tries to convince customers to ditch their credit and debit cards and use PayPal instead.

"Braintree is a perfect fit with PayPal," eBay Inc. President and CEO John Donahoe said in a statement.

Read more
Business
1:06 pm
Fri September 20, 2013

Tech Week That Was: New iOS Design And Grand Theft Auto

Grand Theft Auto V raked in more than $800 million in sales in its first 24 hours on the shelves.
Mario Tama Getty Images

Originally published on Fri September 20, 2013 1:47 pm

It's time for the weekly roundup of what happened here on All Tech and on our airwaves, and a look back at the big conversations in technology.

ICYMI

Read more
Business
10:13 am
Fri September 20, 2013

Joy Covey, Who Was Key To Amazon.com's Success, Dies

Originally published on Fri September 20, 2013 10:24 am

"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.

She was 50.

Read more
Business
9:44 am
Thu September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

Originally published on Thu September 19, 2013 11:39 am

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

Read more
Business
3:46 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 11:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

Read more
September 2013
4:33 pm
Mon September 9, 2013

Renaissance in U.S. Economic Growth

The U.S. renaissance in energy, manufacturing growth, and the rebound of the automotive industry are bringing about opportunities for investors.  Make sure you catch this video in which Joe Chornyak discusses what he's hearing from portfolio mangers regarding our energy and manufacturing future.

Read more
Business
3:23 pm
Mon September 9, 2013

The Most (And Least) Lucrative College Majors, In 1 Graph

Matt Stiles NPR

Originally published on Sat September 14, 2013 1:59 am

Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.

Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.

Read more
Business
2:26 pm
Mon September 9, 2013

Net Neutrality In Court: Here's What You Need To Know

The future of the Internet is at stake in a case before a D.C. court.
Hoang Dinh Nam AFP/Getty Images

Originally published on Mon September 9, 2013 3:27 pm

The beauty of the Internet — and the reason for its ubiquitous place in our lives — is that just about anyone can use it to offer services, products or information. But the link between what's out there on the Internet, how fast it gets to us and how much data can get to us is dependent on Internet service providers and the rules that govern them. That's where things get thorny for the principle of net neutrality.

If your eyes are already glazing over, consider this: This debate could affect the speed, quality and cost of your Hulu or Netflix binge-viewing.

Read more
Business
5:10 pm
Sat September 7, 2013

Baltimore Officials Want To Unplug Phones-For-Cash Kiosks

EcoATM kiosks dispense cash in exchange for used cellphones, MP3 players and tablets.
ecoATM

EcoATMs take old cellphones, MP3 players and tablets in exchange for cash. But the automated kiosks, operating 650 machines in 40 states, are getting bad reviews from police, who are concerned the machines are a magnet for thieves.

The transaction is fairly simple. The machine walks you through the process, scanning your ID to certify you're over 18 and verify your identity. An ecoATM employee inspects the transaction remotely in real time. Once the seller's identity is verified, the kiosk takes the device and assesses its value. You get the cash, and the device is recycled.

Read more
Business
8:38 am
Fri September 6, 2013

Jobless Rate Ticks Down To 7.3 Percent; 169,000 Jobs Added

A recruiter for Cigna greets a job seeker at a career fair in Philadelphia over the summer.
Mark Makela Reuters /Landov

Originally published on Fri September 6, 2013 2:30 pm

The nation's jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.

The figures were roughly in line with what economists had been expecting to hear.

Read more
Business
7:23 am
Tue September 3, 2013

For Microsoft, Nokia's Phones Are 'Key To Everything'

That's a Nokia Lumia 820 smartphone snapping an image of a Windows icon.
Dado Ruvic Reuters/Landov

Originally published on Tue September 3, 2013 12:52 pm

Here's why Microsoft says its $7.2 billion deal to buy Nokia's smartphone business as well as that company's patents and services makes sense.

"It all starts with the phone," writes PCWorld, in a piece that analyzes why "the phone is key to everything."

According to the magazine:

Read more
Business
9:21 am
Thu August 29, 2013

Economy Was Stronger Than Thought In Second Quarter

Stronger-than-thought exports produced stronger-than-thought economic growth in the spring. (2010 file photo from the Port of Miami.)
Joe Raedle Getty Images

The U.S. economy expanded at a 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis said Thursday.

Read more
Business
8:12 am
Thu August 29, 2013

Largest Strike So Far By Fast-Food Workers Set For Thursday

Outside a Taco Bell restaurant in Warren, Mich., early Thursday, supporters of the push by fast-food workers to raise the minimum wage were marching.
Jessica J. Trevino MCT/Landov

Originally published on Thu August 29, 2013 9:45 am

Organizers say workers at fast-food restaurants in cities across the nation will walk off their jobs Thursday in what's expected to be the largest such strike so far, The Associated Press writes.

As the wire service adds:

Read more
Business
4:45 am
Thu August 29, 2013

In Colombia, Starbucks To Take On Juan Valdez

Drew Angerer AP

Originally published on Thu August 29, 2013 1:07 pm

Seattle-based coffee giant Starbucks has announced it's going to expand to Colombia.

The country is known for its Arabica beans and for the mythical coffee farmer Juan Valdez. He's helped sell Colombia's coffee for 50 years. Starbucks has cafes in 50 countries. And now, it's coming to perhaps the country most associated with coffee.

Howard Schultz, the company's chief executive, announced that the first shop will open in Bogota in 2014, followed by 50 more cafes and in other cities over five years.

Read more
Business
5:13 pm
Wed August 28, 2013

The Latest Frontier In Gourmet Salt, From The Lowest Point On Earth

An Israeli man bathes in the Dead Sea. Spas have long touted the health benefits of the Dead Sea. So does Naked Sea Salt.
Sebastian Scheiner AP

Originally published on Sun September 1, 2013 8:34 am

When you go to the Dead Sea for a float in its extraordinarily buoyant waters, signs warn you not to drink a drop. "Did you swallow water?" one Dead Sea do's and don'ts list asks. "Go immediately to the lifeguard."

Read more

Pages