Category: Business News

That $25 Checked Bag Service Only Costs Airlines $2

That $25 Checked Bag Service Only Costs Airlines $2

Airlines say that they must charge passengers baggage fees because more checked luggage means more costs incurred by the carrier. But how much extra jet fuel is burned due to luggage? Maybe $2 per...

Why Shareholder Value Should Not Be the Only Goal of Public Companies

Why Shareholder Value Should Not Be the Only Goal of Public Companies

Carl Icahn’s bid to force online auction giant eBay to spin-off its payment processing business, PayPal, and eBay’s resistance to the idea once again highlights the disconnect that often exists between company shareholders and management....

New Microsoft CEO: We Help Make Magic, Improve the World

New Microsoft CEO: We Help Make Magic, Improve the World

Satya Nadella, Microsoft’s executive vice president of cloud and enterprise, has just been named the company’s next CEO. He’s already trying to rally his troops with a letter sent to all Microsoft employees today....

US Tech Titans Reveal New Data About NSA Snooping

US Tech Titans Reveal New Data About NSA Snooping

Google, Facebook, Yahoo, Microsoft and LinkedIn have for the first time released new data about U.S. information requests made under the Foreign Surveillance Intelligence Act (FISA), the controversial law that facilitates several of the...

Stocks Plummet on Manufacturing, Stimulus Blues

Stocks Plummet on Manufacturing, Stimulus Blues

Widespread angst over the global pace of recovery from the financial crisis has sent markets into a tumble, with the Dow Jones industrial average plummeting more than 300 points in trading Monday, and the...

Esurance’s $1.5 Million Giveaway Is Making Twitter Go Crazy

Esurance’s $1.5 Million Giveaway Is Making Twitter Go Crazy

While advertisers like Anheuser-Busch, Coca-Cola and Hyundai targeted the 100-million-plus viewers of Sunday’s Super Bowl, auto insurance company Esurance has mixed a traditional TV commercial, a prominent Twitter hashtag and a good old-fashioned sweepstakes...

Janet Yellen Sworn In To Lead Federal Reserve

Janet Yellen Sworn In To Lead Federal Reserve

Janet Yellen was sworn in as the first women to lead the Federal Reserve board of governors Monday morning, taking the post of chairwoman at a critical moment as the central bank debates how...

Lenovo’s Huge Deals Show How China Lags Behind

Lenovo’s Huge Deals Show How China Lags Behind

China’s Lenovo has been on a big buying spree. Last week, it snapped up IBM’s low-end server business for $2.3 billion. Then the PC giant followed that up with a $2.9 billion grab for...

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Increased competition is making it more difficult for casinos to keep locals employed and pass along hefty payments to host states—which are the two biggest selling points for allowing gambling in the first place....

Obama Is Still Likely To Nix Keystone Pipeline, But That’s Not Bad For Oil Industry

Obama Is Still Likely To Nix Keystone Pipeline, But That’s Not Bad For Oil Industry

The proposed Keystone XL Pipeline is coming to a pivotal point. Now that the Department of State has said that construction of the line that would transport Canadian tar sands to the U.S. would...