Business Timeline
Best Buy CEO Quits As Company Plans Massive Restructuring
Best Buy on Tuesday announced that CEO Brian Dunn under a “mutual agreement” with the company has agreed to step down as pressures continu[...]
Man Buys $130 Million Coca Cola Stock At Estate Sale
Tony Marohn’s purchase of an antique Palmer Union Oil Co stock certificate at an estate sale in 2008 may soon be regarded as one of the greatest[...]
Jamie Dimon: JPMorgan CEO Awarded $23 Million Pay Package
Jamie Dimon, Chariman and Chief Executive Office of JPMorgan Chase & Co. (JPM), received $23 million between bonuses and salary for 2011. This is [...]
Yahoo Fires 2,000 Workers As Company Continues To Struggle
Yahoo on Wendesday announced that it will lay off 2,000 employees, a number equivalent to 14 percent of its workforce. The company is slashing jobs as[...]
Zynga and Wynn In Talks To Create Online Gambling Empire
Social gaming platform designer Zynga is believed to be in talks with casino empire Wynn Resorts to create a potential online gambling partnership tha[...]
EMI Abandons Grooveshark After Company Fails To Make Payments
Grooveshark on Wednesday lost its only big label supporter when EMI pulled out of a recently signed deal because the music streaming service failed to[...]
Allegiant Air Introduces $35 Carry-On Charge
In yet another attempt to stick it to the customer Allegiant Air on Wednesday morning will begin implementing a $35 charge for carry-on bags. The comp[...]
Rewards Credit Cards: Make The Most Of Your Credit
Rewards credit cards are usually marketed as a good way to get rewards like cash back or airline and travel miles. However, what most of the 80 millio[...]
Former Goldman Sachs Executive Greg Smith Lands Book Deal After Ground-Torching Op-Ed
He may have gone down in a ball of flames (penning a fiery New York Times op-ed a few weeks back that rocked the financial world), but extreme honest[...]
Mattel To Make Bald Barbie Doll, Will Donate New Toy To Children’s Hospitals
A campaign asking Mattel to produce a Bald Barbie for young girls who have lost their hair due to illness has paid off. Mattel announced today that [...]
Tim Cook Beats Steve Jobs In Apple Employee Satisfaction Survey
When Tim Cook took over as the permanent CEO of Apple following the death of Steve Jobs there were a lot of skeptics who simply didn’t believe C[...]
Mastercard, Visa May Have Been Hit By Massive Account Holder Breach
MasterCard announced on Friday that the company may have experienced a massive customer data breach via one of its third party vendors. The Purchase, [...]
Foxconn, Apple Working Together To Overhaul Worker Conditions
Apple on Thursday promised to work directly with Chinese manufacturer Foxconn to better factory and ultimately worker conditions at plants that build [...]
Best Buy Closing 50 Stores, Will Refocus Efforts On E-Commerce, Customer Service
You would think that with Circuit City out of the picture Best Buy would be sitting pretty, it turns out however that the company struggled in the fou[...]
‘Walmart of Weed’ to Open in DC Tomorrow
The political climate surrounding certain issues seems to have undergone a sea change in the past decade- gay marriage being one obvious example, and [...]
News Corp. Considering ESPN Rival Network, Contract Negotiations Already Being Discussed
If Rupert Murdoch has his way News Corp. under the leadership of Fox could soon be running its own national sports network that rivals the likes of Wa[...]
General Motors Steering Issue Leads To Recall Of 6,000 Vans and SUVs
General Motors on Sunday announced the immediately recall of 6,000 big vans ans SUVs because of an issue that can cause their steering to fail. Accord[...]
Bank Of America Testing New Foreclosure Program. Will Let Former Owners Rent Homes
With foreclosures still causing issues for many states and ultimately the banking industry Bank of America has announced a new mortgage program that w[...]
3 National Grocers Boycott Products Made With Pink Slime
Pink Slime might be considered safe for school cafeteria’s according to the USDA but at least three national grocers are boycotting products car[...]
New CEOs Join The $50 Million Club
The stock market is performing brilliantly, many companies have begun to hire new workers and consumer confidence is up for the first time in years, t[...]
Susan G. Komen Executives Quit As Company Continues Fundraising Plummet
Susan G. Komen this week lost two more of its top executives as the company continues its struggle to raise money and repair its reputation following [...]
Apple Sued For Selling Pirated Books On iBookstore
Apple Inc. is being sued by a group of Chinese writers who recently discovered that the company was illegally selling unlicensed versions of their boo[...]










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