Business Timeline

HSBC Helped Rich Customers Secretly Dodge Taxes, Report Says

hsbc

A new report has emerged which says that the UK’s biggest bank, HSBC, has been assisting wealthy customers in a tax dodge scheme by setting up secret Swiss bank accounts. The Independent says the discovery found thousands of documents which revealed clients have been avoiding taxes to the tune of £135 million. The report contains… Read more »

RadioShack Begins Liquidation, Franchised Stores Safe…For Now…

RadioShack

RadioShack is preparing to begin liquidation sales, but not on franchised stores. The Wall Street Journal is reporting that the retail chain is beginning liquidation sales in 1,700 of its stores in an attempt to cut down its size after filing for Chapter 11 bankruptcy on Thursday. During the bankruptcy filing hearing, RadioShack representatives told… Read more »

Poundland To Buy Out Rival 99p Stores

poundland

The popular British budget store Poundland is set to buy out rival chain 99p Stores for an estimated £55 million, the BBC can confirm. Both companies have agreed to a deal of £47.5 million in cash and £7.5 million in stock. The report indicates that 99p Stores will be converted into Poundland outlets over a… Read more »

As The Restaurant Industry Struggles, ‘Breastaurants’ Are Booming

Hooters Waitresses

Over the years, the restaurant industry has seen a decline in growth, in both production and profits. The primary reason for the sudden fall has to do with how people’s eating preferences have evolved. Restaurateurs want satisfying choices lacking in fast food chains but within efficient time, something full-service chains aren’t known for. As a… Read more »

PayPal Executive Don Kingsborough Leaves Company

PayPal

Don Kingsborough, the PayPal executive who spearheaded the online payment giant’s move into the physical retail world, has left the company, with many reports saying that he left because he was feeling “frustrated” in the company. “I think we were able to move the needle, but I have to say I leave a little frustrated… Read more »

Domino’s Set To Test Digital Dominance On Super Bowl Sunday

Dominos

Much like the Seattle Seahawks and New England Patriots, Domino’s has worked hard to get to this point. Now, we’ll see if Domino’s has what it takes. Michigan Live is reporting that Domino’s is expected to deliver the equivalent of 11 million pizza slices and over three million chicken wings during today’s Super Bowl XLIX,… Read more »

FTC Forces TracFone To Refund Customers’ Money For Throttling Speeds On ‘Unlimited Data’ Plans – True Unlimited Plans Soon?

FTC Forces TracFone To Refund Customers' Money Over 'Unlimited' Data Plans

Fair Trade Commission (FTC) has succeeded in forcing TracFone, a Mobile Service provider to refund its customers’ money over ‘Unlimited Data Plans’, which had throttling enabled. The FTC has reached a settlement with TracFone. This landmark breakthrough could be the first of many refunds for screwed-over customers with so-called unlimited data plans. The US regulator… Read more »

Costco Customers May Have Been Exposed To Measles Outbreak

Costco Measles Outbreak Feared

Costco customers at a store in San Francisco may have been exposed to the growing measles outbreak threat, according to a report from KRON 4. Officials from the Gilroy store said they have confirmed cases of “possible measles exposure” inside the store. It issued a warning that if they were inside the store “located on… Read more »

SkyMall Going Out Of Business, Files For Bankruptcy — Will It Be Missed?

SkyMall Files For Bankruptcy

SkyMall, the ubiquitous inflight magazine that served as catalog-based shopping mall, has filed for bankruptcy protection. After 25 years of offering ingenious products that frequently bordered on being outrageous, quirky, or plain indulgent, SkyMall filed for bankruptcy protection this week. Perhaps a victim of relaxing rules and the rising use of technology during flights, the… Read more »

Google Poised To Invest $1 Billion In SpaceX Internet

SpaceX Cargo Capsule

Technology blog The Information has reported that Google Inc. is close to investing about $1 billion in SpaceX to support the company’s efforts to deliver global internet access via a network of satellites. SpaceX founder Elon Musk hopes the project will lead to fulfillment of his dream of traveling to Mars, the Inquisitr reported on… Read more »