Category: Business News

Unexpected: Sony PlayStation Honcho Jack Tretton Stepping Down

Unexpected: Sony PlayStation Honcho Jack Tretton Stepping Down

In a surprise move, Sony Computer Entertainment America president and CEO Jack Tretton, who had been the face of the company’s flagship console and entertainment brand for nearly two decades, is leaving his post...

American CEO of Bitcoin Exchange Found Dead in Singapore

American CEO of Bitcoin Exchange Found Dead in Singapore

Yet another blow for the virtual currency Autumn Radtke, the American CEO of Bitcoin exchange First Meta Exchange, has been found dead in her Singapore apartment. Authorities are awaiting results of a toxicology report...

Why Twitter Will Never Be a News Organization

Why Twitter Will Never Be a News Organization

Twitter’s head of news Vivian Schiller spoke with TIME about Twitter, Facebook, news discovery and more in an exclusive first interview since she left NBC News and took on the role in January. A...

Staples Will Close 225 Stores in North America

Staples Will Close 225 Stores in North America

The office supplies giant has announced plans to close about 12 percent of its stores in North America in a bid to cut costs amid strong online competition and dropping sales. It expects to...

The Creator of ‘Scroogled’ Gets a New Job at Microsoft

The Creator of ‘Scroogled’ Gets a New Job at Microsoft

Microsoft has been waging one of the most aggressive campaigns against another tech company in recent memory with its divisive “Scroogled” commercials in the last two years. Now, the man behind the attack ads...

Russia, the Ukraine, and the Markets: Broken BRICs

Russia, the Ukraine, and the Markets: Broken BRICs

For a couple of years now, one of my very smartest sources, Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, has been saying that the emerging market story was over. Coming...

Kickstarter Hits $1 Billion In Pledges

Kickstarter Hits $1 Billion In Pledges

Kickstarter, the popular crowdfunding service that helps people raise money to support creative projects, announced Monday it has surpassed $1 billion in pledges since it was founded in 2009. More than half of that...

Record Number of Women on Forbes’ Billionaires List

Record Number of Women on Forbes’ Billionaires List

Forbes’ annual list of billionaires includes a record 172 women this year, up 25% from last year’s 138 female billionaires. Facebook chief operating officer Sheryl Sandberg made the list for the first time, and...

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The U.S. Federal Reserve is taking heat these days from policymakers in the developing world. They have good reason to be disgruntled. Ever since the Fed signaled last year that it would begin scaling...

What To Like (and Dislike) in the Camp Tax Proposal

What To Like (and Dislike) in the Camp Tax Proposal

There are things to like and things not to like about Republican congressman Dave Camp’s new 979-page tax plan. But here’s what I like most about it – it starts a serious conversation about...