Category: Business News

No Dip for CVS Following Tobacco Announcement

No Dip for CVS Following Tobacco Announcement

CVS’s stock price rose as the company reported glowing earnings Tuesday, positioning the nation’s largest pharmacy chain for a strong year less than one week after it announced it would stop selling tobacco products in the U.S....

PayPal President Gets His Credit Card Hacked

PayPal President Gets His Credit Card Hacked

PayPal President David Marcus has been the victim of credit card fraud, he said on Monday. The leader of the online payments company revealed via Twitter that his credit card information had been stolen...

Yellen Says Fed Will Keep Pulling Back on Stimulus

Yellen Says Fed Will Keep Pulling Back on Stimulus

Federal Reserve Chair Janet Yellen said Tuesday that the central bank will continue to scale back its stimulus bond-buying program amid the brightening economic recovery. In her first public testimony as Fed chair, eight...

GM’s Mary Barra Will Earn $14.4 Million — 60% More Than Last CEO

GM’s Mary Barra Will Earn $14.4 Million — 60% More Than Last CEO

General Motors CEO Mary Barra will earn around $14.4 million in cash and stock bonuses in 2014, the company said on Monday, about 60% more than her predecessor made in 2013.  The company previously...

T-Mobile Now Owns the Color Pink

T-Mobile Now Owns the Color Pink

Ballet shoes, roses, and sunsets had better watch out. A federal court has handed T-Mobile the rights to its distinctive magenta trademark color, shutting out AT&T subsidiary Aio Wireless from using the color, T-Mobile...

Carl Icahn Wins by Losing in Epic Fight With Apple

Carl Icahn Wins by Losing in Epic Fight With Apple

Carl Icahn is withdrawing the precatory proposal he filed on November 26 to try to get Apple to part with more of its $160 billion cash hoard. But that doesn’t mean he’s lost his war...

How Successful People Stay Calm

How Successful People Stay Calm

The ability to manage your emotions and remain calm under pressure has a direct link to your performance. TalentSmart has conducted research with more than a million people, and we’ve found that 90% of...

‘Flappy Bird’ Creator Says He’s Taking The Game Down

‘Flappy Bird’ Creator Says He’s Taking The Game Down

In a bizarre turn of events, the Vietnamese creator of the maddeningly difficult #1 Android and Apple AAPL +1.4% iOS game Flappy Bird is saying that he’s taking the game down within the next...

Apple Makes Huge Move Nobody Saw Coming

Apple Makes Huge Move Nobody Saw Coming

Apple has repurchased $14 billion worth of its stock after reporting disappointing fourth-quarter earnings two weeks ago, CEO Tim Cook said in a new interview. Cook told the Wall Street Journal that Apple was “surprised”...

Bitcoin Value Nosedives as Exchange Stops Withdrawals

Bitcoin Value Nosedives as Exchange Stops Withdrawals

The value of the digital currency Bitcoin fell dramatically on Friday after one of the world’s largest Bitcoin exchanges halted withdrawals to deal with technical issues. Mt. Gox, a Japan-based exchange, said on its...