Business Timeline

401(k) Plans: Don’t Worry, Just Invest

401k Plans

401(k) plans can be quite confusing, even scary to some people. Most employers these days offer access to a 401(k) plan, many of which still match contributions. In most cases, the 401(k) plan options can cause an investor to lose his or her head. Which plan option to put your money in? How much do… Read more »

Michael Lewis: Wall Street Is Cheating The System With Computers

Michael Lewis: Wall Street Is Cheating The System With Computers

Michael Lewis claims Wall Street has the system rigged and is ripping off investors with the way the computerized trading systems are designed. In a related report by The Inquisitr, ironically enough the movie The Wolf On Wall Street inspired people to look into becoming stockbrokers based upon the extravagant lifestyle the characters were able… Read more »

Starbucks Bringing Alcohol Sales To Thousands of Stores

Starbucks Wine

Question: What goes best with coffee? Answer: Alcohol! Well Starbucks believes so as they expand alcohol sales to thousands of stores. In a report by Bloomberg News, Starbucks will expand its evening alcohol and light bites menu, which includes bacon-wrapped dates and Malbec wine, to thousands of stores. CEO, Troy Alstead, had this to say… Read more »

Buick Enclave Recall: 1.18 Million SUVs Afflicted With Airbag Defect

Buick Enclave recall

General Motors will recall about 1.18 million of its Buick Enclave SUVs, plus several other models, as the auto-making giant tries to react quickly to yet another safety defect. GM is currently facing several investigations for moving slowly on a recall about 1.6 million small cars with a defect that ended up leading to the… Read more »

For Krispy Kreme, Big Gains Come In Small Packages

Krispy Kreme Doughnuts

Krispy Kreme happily announced a strong fourth quarter, reporting a 6.7 percent increase in company same-store sales, and a 9.9-percent increase in domestic franchised stores. During Wednesday’s earnings call, CEO James Morgan elaborated on the positive numbers, saying sales growth is driven by foot traffic and is among the strongest in the industry. For the… Read more »

Bill Gates Fears ‘Robots’ Will Soon Take Over Many Low Skilled Jobs

software automation jobs

Bill Gates believe that neither the federal government nor the American people are prepared for the sweeping changes that will soon be occurring in the labor market. If the Microsoft giant is right, “software substitution” will one day soon replace the need for a significant chunk of the labor force. Over the course of the… Read more »

Household Wealth Rises To $10 Trillion

Housing Market

The 2013 household wealth in the United States reflect positive signs of recovery. The Epoch Times report it rose a total of $9.8 trillion, or 14% from the year before. The Federal Reserve reported the upturn in wealth last Thursday. They said the booming stock market and recovering home values are the primary reasons for… Read more »

Safeway Sold To Albertson’s In $9.2 Billion Supermarket Mega-Merger

Safeway sold to Albertson's

Safeway was sold to the parent company of top competitor Albertson’s on Thursday in a merger of two supermarket giants reportedly valued at $9.2 billion. Safeway is the second-largest supermarket chain in the United States, trailing only Kroger Co., which owns supermarkets throughout the south, as well as the popular Southern California chain Ralph’s and… Read more »

Facebook In Talks To Buy Drone Company For $60 Million

Solara 60

Facebook is confirmed to be in talks in purchasing Titan Aerospace for a cool $60 million. According to Tech Crunch, Facebook is one of the bakers of the “internet.org initiative”, a project that aims to bring affordable internet access to 5 billion people in the world who don’t have it. Purchasing a company that specializes… Read more »

Radio Shack Closing 1,100 Stores

Radio Shack

Electronics retailer Radio Shack has announced they will be closing 1,100 of their stores. The news came about after reports of a dismal quarterly sale, especially over the holidays. The loss is calculated to be about 19% due to weak customer traffic, which also contributed to the company’s stock dropping 23 points. The planned closures… Read more »

Obamacare Surcharge: Restaurant Chain Makes Customers Pay For Healthcare

Obamacare surcharge added to Florida restaurat bill

An Obamacare surcharge is now tacked on to the bill of customers at a popular Florida restaurant chain. Eight Gator’s Dockside restaurants have decided to add a one percent “ACA” surcharge to cover employee health insurance. ACA stands for the Affordable Care Act, a.k.a. Obamacare. Thirteen other Dockside restaurants in Florida under separate ownership have… Read more »

Michael Jordan’s Shoes Help Him Net $90 Million In Profit In 2013

michael jordan shoes net worth $90 million profit 2013

Michael Jordan’s shoes’ release dates are some of the most highly anticipated events for sneaker fans. And they have been for over twenty years. Over the last 30 years, Michael Jordan has released a new pair of shoes through Nike and it has revolutionized how people view sneakers. According to a recent report done by… Read more »

Olive Garden’s Menu Revamp Last Ditch Save Effort

Olive Garden revamps menu

The Olive Garden most recently made the news as playing a part in a recruiting scandal at the University of Oklahoma. Beyond that, the Italian restaurant chain has largely been an afterthought in American diners’ minds. That’s why the company is revamping and relaunching its menu as a kind of last ditch effort to become… Read more »

Time Warner Cable’s Customer Service Ranks As One Of The Worst

Time Warner Customer Service

Time Warner Cable’s customer service is presently considered one of the worst in the country. Although every company struggles to keep their customers happy on one level or another, some are definitely better at it than others. When people are completely dissatisfied with how they’ve been treated by someone in the service department, chances are… Read more »

Debt Consolidation Scams To Avoid Regarding Student Loans

Student Loans: How to Avoid Debt Consolidation Scams

Debt consolidation sounds like a great idea to a young adult who has recently graduated from college or grad school, doesn’t have a job lined up yet, and their student loan payments are now coming due. For many students, loans are the only way they can pursue a college degree, which they feel is necessary… Read more »

Wells Fargo Fires Branch Manager For Carrying A Gun

second-amendment

Wells Fargo Bank fired Tampa-area branch manager Ivette Ros for bring a gun to work, and now she’s suing the financial giant. Ros, 37, a single mother of three and a licensed concealed carry gun owner, said she had the 9mm pistol in case she ever need to protect her employees from bank robbers. She… Read more »

Minimum Wage To Jump To $10 An Hour Sooner Than Expected?

Minimum Wage Increase

It’s obvious that money makes the world go ’round. The issue with that is, business today are trying to save money more and more. That means, they pay the workers as little as they can. Over time, businesses move up prices which allows others to raise prices. So even a discount is a raised item… Read more »