Business Timeline

Amazon Destroyed Hachette This Week, But Media Didn’t Report It

Amazon Hachette War Is Over, Publisher Just Doesn't Know It Yet

COMMENTARY — Amazon and Hachette continue to be at an impasse over pricing terms, and if you’ve been reading a lot of the mainstream media outlets and watching Stephen Colbert, who is published by Hachette, it’s all Amazon’s fault. But here’s a little secret most of these entities don’t want to readily admit: they’re part… Read more »

CYNK Skyrockets As Wall Street Scratches Its Head

CYNK Technologies a fraud?

CYNK Technologies, a company that for years traded for pennies on the stock exchange has suddenly exploded 25,000 percent and is now trading at $41 a share with a valuation of over $6 billion. Before you rush out to sink your lifesavings into CYNK, it’s very important to understand that CYNK is actually nothing. It’s… Read more »

Cupcake Meltdown In NYC, Crumbs To Close All Locations


It had a good run, but a cupcake craze spanning across more than a decade in New York City (and later, elsewhere) may be coming to an abrupt end with the closure of all outlet of the Crumbs chain of “cupcakeries.” Yesterday, it was reported that Crumbs — which operates in more than twelve states… Read more »

Burger King’s ‘Proud Whopper’ Gets Strong Reactions (Video)


Burger King’s “Proud Whooper” was released just less than a week ago and already the burger is eliciting a wide range of reactions across social media. According to USA Today, the “Proud Whooper” is not any different from the chain’s regular whopper. “The Proud Whopper, as it’s called, comes wrapped in a rainbow colored wrapper… Read more »

Richard Mellon Scaife, Billionaire Conservative Activist, Dies At 82

Richard Mellon Scaife Death

Richard Mellon Scaife, a philanthropist and heir to the Mellon banking fortune, died on Friday at his home in Pittsburgh at the age of 82. His lawyer, H. Yale Gutnick, confirmed Scaife’s death. The reclusive billionaire was known for supporting right-wing causes and helped lay the foundations for America’s modern conservative movement, according to the… Read more »

Protesters Dunk New Krispy Kremes As ‘Deforestation Doughnuts’

Forest Heroes Fight Palm Oil

On first sight, it might have seemed as though a parallel universe was poking through on Tuesday as protesters picketed the opening of two new Krispy Kreme doughnut shops in New Castle, Delaware, and Madison, Tennessee. Then reality was restored with the reasoning: Krispy Kreme uses palm oil to fry its dough; palm oil comes… Read more »

Here’s How TapCommerce Will Give Twitter The Edge On Mobile Platforms, All For A Lowly Sum Of $100 Mn.

TapCommerce Twitter

Micro-blogging network Twitter officially confirmed its acquisition of mobile ad start-up TapCommerce. The company has apparently paid about $100 million, but Twitter isn’t confirming the amount right now. As first reported by Re/code’s Ina Fried, TapCommerce joined the Twitter family yesterday. It is hoped that TapCommerce will assist Twitter in improving mobile app install and… Read more »

Walt Disney World Hiring 1,000 In Orlando, Adding Food Trucks


If you or someone you know has ever dreamed of one day working at what is billed as the happiest place on Earth, now might be your chance. Walt Disney World in Orlando, Florida, has announced that it is hiring an additional 1,000 people to work at its resorts in central Florida, according to 96.5… Read more »

Benjamin Moore Sued For Alleged Racist Paint Names

Benjamin Moore paint company sued over racially offensive paint colors

A former Benjamin Moore employee has charged the company in a lawsuit with marketing racially offensive paint colors. The plaintiff, an African-American man named Clinton Tucker, 34, alleged in court papers that he was wrongfully fired for complaining to management about two Benjamin Moore colors named “Clinton Brown” and “Tucker Chocolate.” He also apparently took… Read more »

Here’s Why Walt Disney Is An Excellent Investment Option Right Now

Walt Disney

The entertainment business has been quite good lately, with many of the businesses reporting excellent quarters. But perhaps one company that stands above all, and has done so quietly, is Walt Disney. From a long-term perspective, Walt Disney is now one of the safest and strongest stock options out there. The Walt Disney Company (DIS)… Read more »

Why Did Cloud Storage Co. Box Swiftly Acquire Streaming Startup Streem?

Box Streem Acquistion

Box has been quite a successful company, offering oodles of online cloud storage to its users. However, the company felt it could offer much more, and in order to further their growth, they acquired the cloud storage and file-sharing startup, Streem. Streem specializes in large media files. Owing to continuous development in the way files… Read more »

American Apparel Fires Dov Charney, Scandal-Ridden CEO Will Fight Sudden Pink Slip

American Apparel founder Dov Charney

American Apparel finally gave the heave-ho to Dov Charney, who founded the company 25 years ago in his Tufts University dorm room, when the trendy garment-maker’s board of directors fired its 45-year-old CEO after years of scandal allegations surrounding his extraordinarily hands-on and, some said, inappropriate management style. Over the years, Charney has been sued… Read more »