Category: Business News

Red Lobster May Be Cooked: ‘Casual Dining’ Restaurant Category Is Suffering

Red Lobster May Be Cooked: ‘Casual Dining’ Restaurant Category Is Suffering

The ubiquitous sit-down restaurant chains that fill seemingly every strip mall and highway-side are in serious trouble. This week, Ruby Tuesday announced it is closing 30 of its restaurants after recording yet another dismal...

Enduring Success: Soft-Edge Excellence

Enduring Success: Soft-Edge Excellence

A common existential debate exists within most companies and among most managers. It’s between the hard (financial rigor) and soft (sustaining cultural values) edges. Which side–hard or soft–should command the CEO’s attention? There’s a...

Why Today’s Miserable Job Numbers Are Probably Wrong

Why Today’s Miserable Job Numbers Are Probably Wrong

The best thing you can say about today’s dismal job numbers is that they’re likely wrong. “This would be really bad news if it was true,” says professor Peter Cappelli, director of the Wharton...

Supreme Court Will Weigh Challenge to Aereo

Supreme Court Will Weigh Challenge to Aereo

The Supreme Court agreed Friday to take up a case in which major media companies are challenging Aereo, a startup that has been threatening to disrupt the television industry by streaming TV broadcasts online....

Christie’s Traffic Jam May Have Cost Millions

Christie’s Traffic Jam May Have Cost Millions

Ongoing revelations that a staffer for New Jersey Governor Chris Christie instigated a massive, four-day traffic jam in the area surrounding the George Washington Bridge is costing him politically. But what about the economic effects...

China Becomes the World’s Leading Trader

China Becomes the World’s Leading Trader

China became the biggest trader of goods in the world for the first time last year, overtaking the U.S. According to figures released by Beijing on Friday, the value of China’s imports and exports...

Here’s Why Tax Rates Should Vary With the Economy

Here’s Why Tax Rates Should Vary With the Economy

They say there are two certainties in life: death and taxes, but what is even more certain is that our current tax code is hated by pretty much everyone. On one side are low...

Apple and Samsung Will Try to Talk Out Their Legal Fight

Apple and Samsung Will Try to Talk Out Their Legal Fight

Apple and Samsung have agreed to hold a court-suggested mediation session in the next five weeks to try to talk out their legal disputes regarding smartphone patents. Apple CEO Tim Cook and Samsung CEO...

Kickstarter Projects Raked in $480M in 2013 for Biggest Year Ever

Kickstarter Projects Raked in $480M in 2013 for Biggest Year Ever

The crowdfunding website Kickstarter raised an average of $1,315,520 a day for a total of $480 million in 2013, making last year its biggest fundraising year yet, according to its annual report released today....

Diddy Gets Into the Tequila Business

Diddy Gets Into the Tequila Business

Rapper-cum-investor Sean “Diddy” Combs is now the proud part-owner of the luxury tequila brand DeLeón, which he and co-owner Diageo PLC hope to turn into a boutique brand. DeLeón is a pricey niche tequila...