Business Timeline

NASDAQ Trading Halted [Breaking] [Updated]

NASDAQ trading halted

NASDAQ halted trading on Thursday as a result of what they’re calling a technical issue. The stock trading exchange stopped all trading at 12:14 PM EDT. According to a report in Reuters, the NASDAQ exchange won’t cancel open orders that are already on the books. They plan to reopen stock trading with a 5-minute quote… Read more »

Amazon Outage Lasted 15 Minutes, Cost Millions

Amazon outage

An Amazon outage on Monday afternoon that swept the United States and Canada only lasted for around 15 minutes. However, business reporters are now saying that the cost of the disruption could be anywhere between $2.5 million to a cool $5 million. Anyway you look at it, that’s a high price to pay for having… Read more »

Michigan Fast Food Restaurant Paying Workers $12 Per Hour, Still Turning A Profit

Moo Cluck Moo

Michigan’s newest fast food chain Moo Cluck Moo pays its workers $12 per hour, and, despite claims from McDonald’s, Burger King, and others, the company is turning a healthy profit. The restaurant is located in Dearborn Heights, Michigan, and Allen Fisher, the restaurant’s managing partner pays $4.60 over the Federally mandated minimum wage because “it’s… Read more »

Coffee Shop Laptop Crackdown Results In Sales Boost

Coffee Shop Laptop Use Nixed In SF, Results In Sales Improvement

Coffee shop laptop crackdown efforts have resulted in a sales boost for one San Francisco area coffee shop owner, according to a Monday report. Luigi Di Ruocco, who owns and runs the San Francisco Coffee Bar, said in comments to the SF Chronicle that he noticed a “15 [percent] to 20 percent” boost in sales… Read more »

Americans Renouncing Citizenship Due To Tax Law

Americans are renouncing their citizenship in record numbers recently because they seek a tax break. The Wall Street Journal is reporting that a record number of citizens want relief from the massive amounts of paperwork required by U.S. tax law. The 1,130 citizens that renounced their U.S. citizenship in the second fiscal quarter of 2013… Read more »

BlackBerry Confirmation: Company Is Seeking A Buyer

BlackBerry For Sale

BlackBerry is seeking a buyer. Company officials announced on Monday that they have formed a special committee to explore various options. Among those options are joint ventures with tech partners and a full outright sale of the company. In a public statement, Blackberry told investors “there can be no assurance that this process will result… Read more »

UPS Stores Rolling Out 3D Printing [Video]

UPS Stores and 3D Printing

UPS Stores throughout the United States are preparing to roll out 3D printing. The new program will bring the increasingly popular printers directly to local stores. UPS Stores in San Diego will be the first to receive the new 3D printers. According to UPS, the 3D printers are being offered so business customers and “quickly… Read more »

Wall Street Commodity Trade Inquiry: Are Big Banks Driving Up Prices?

Inquiry On Commodity Trading On Wall Street Begins

A Senate inquiry is looking at commodity trading on Wall Street to see if it includes practices that drive up prices. Lawmakers are wondering if allowing big banks to control big industries like oil and metals leads to unnecessary price inflation. One example of this is some banks, including Goldman Sachs, who have been accused… Read more »