Business Timeline

99 Cents Only Stores Founder Dave Gold Dies

Entrepreneur Dave Gold Dies

Dave Gold, the founder of the 99 Cents Only Stores empire, died on Monday at his home in Mid-Wilshire. The thrifty entrepreneur launched his business at age 50 after considering the idea for more than 10 years. He took the dollar store concept and introduced it to middle and upper-class neighborhoods. In the process, Gold… Read more »

Dollar Menu Fails To Boost McDonald’s Sales

Dollar Menu Fails McDonald's Sales

The Dollar Menu failed to lift sales for fast food giant McDonald’s, though the company still managed to eke out a higher profit for its first quarter. The company announced on Friday that an important sales measure lost one percent during the first quarter. The world’s largest hamburger joint added that the number is expected… Read more »

Apple Shares Slip To 2011 Numbers

Apple Shares Fall

Apple shares have dipped to 2011 numbers after losing $20 in value during early morning Wednesday trading. The company’s shares are now sitting close to the $400 mark on the NASDAQ exchange. At one point during trading, Apple shares dipped below $400 to hit a two year low of $399.58. While the exact cause of… Read more »

McDonald’s Customer Service Is ‘Broken,’ Company Executive Says

McDonald's Customer Service Is 'Broken'

McDonald’s customer service is “broken,” an executive said in a webcast to franchises last month. The company had been plagued by bad reviews from customers, with complaints related to workers’ attitudes up 20 percent. The top complaint about McDonald’s customer service was about “rude or unprofessional employees” while complaints about long food waits increased significantly… Read more »

Martha Stewart Loses Bid To Dismiss Macy’s Contract Claim

Martha Stewart Loses JC Penney Bid

Design mogul Martha Stewart lost her court filing on Thursday as she tried to dismiss a Macy’s Inc claim that her company violated its contract when she designed a line of products for J.C. Penny. Macy’s claims that, even if the products didn’t carry the Marth Stewart brand name, they were still in violation. The… Read more »

97-Month Car Loans May Be Coming And You May Not Qualify

97 month car loan

Are you ready for a 97-month car loan? Some auto sellers are now offering the loans that allow you to make monthly payments on your new car for over eight years, according to a recent report in The Wall Street Journal. And you thought your student loan was never going to go away. Even if… Read more »

Bank Of America Beta Testing Video Teller Calling At ATMs

Bank Of America Video Calling

The ATM machine is a very impersonal piece of technology. A customer walks or drives up to the machine, inserts some numbers, and gets some cash. Bank of America (BofA) is attempting to change that impersonal approach. The company has begun testing video chat capabilities at several of its ATM location. The machine works by… Read more »