Category: Business News

The $7 Cup of Starbucks: A Logical Extension of the Coffee Chain’s Long-Term Strategy

The $7 Cup of Starbucks: A Logical Extension of the Coffee Chain’s Long-Term Strategy

This week Starbucks began selling a cup of coffee for $7. This may seem ridiculous, but it’s the logical next step of the chain’s long-term marketing strategy: To convince consumers that a product that...

SAC Capital: Feds Are Probing Insider Trading Scandal

SAC Capital: Feds Are Probing Insider Trading Scandal

SAC Capital, the giant hedge fund run by billionaire Wall Street titan Steven A. Cohen, informed its clients on Wednesday that the firm is under investigation by the Securities and Exchange Commission, according to multiple reports....

BP Suspended from New U.S. Government Contracts

BP Suspended from New U.S. Government Contracts

BP is being temporarily suspended from new contracts with the U.S. government, the Environmental Protection Agency says. Two weeks ago, BP agreed to plead guilty to charges involving the deaths of 11 workers on...

Is the Student Loan Debt Crisis Worse Than We Thought?

Is the Student Loan Debt Crisis Worse Than We Thought?

A new report from the Federal Reserve Bank of New York delivers generally positive news about the economy with one glaring exception: student loan debt. The amount of debt and delinquencies are climbing, and...

Lion of American labor: A final conversation with Marvin Miller

Lion of American labor: A final conversation with Marvin Miller

November 27, 2012: 1:59 PM ET   Marvin Miller, baseball legend and renowned labor organizer, died Tuesday. In his last in-depth interview, Miller spoke to Fortune last month about everything from steroids to Bud...

5 silver linings in Egypt’s turmoil

5 silver linings in Egypt’s turmoil

November 27, 2012: 9:20 AM ET   Egypt’s political and economic future is challenging, and for understandable reasons. But it is too early to give up on the country. By Mohamed A. El-Erian Egypt...

Debunking private equity’s debt ‘problem’

Debunking private equity’s debt ‘problem’

By Dan PrimackNovember 27, 2012: 1:00 PM ET   Study argues that debt doesn’t destroy private equity-backed companies. FORTUNE — Private equity has a reputation for bankrupting companies, by using copious amounts of debt...

From Hooters To Hot Buns: How Kat Cole Turned Cinnabon Into A $1 Billion Brand

From Hooters To Hot Buns: How Kat Cole Turned Cinnabon Into A $1 Billion Brand

by Jenna Goudreau, Forbes Staff  Kat Cole, 34, got an unlikely start in the food industry. While in high school in Jacksonville, Fla., she worked part-time as a Hooters girl, serving beer and chicken...

How Facebook and Twitter changed disaster relief

How Facebook and Twitter changed disaster relief

Thanks to social networks, grassroots relief efforts scaled quickly and efficiently in Sandy’s aftermath, giving them a bigger presence in many places than even the established aid agencies. FORTUNE — Here’s to Andy Wandilak,...

Is the U.S. Set for an Era of Slow Growth?

Is the U.S. Set for an Era of Slow Growth?

Is the U.S. Set for an Era of Slow Growth? The mood surrounding the U.S. economy is finally picking up.  The housing market is recovering, consumer sentiment is getting off the floor and, most importantly, unemployment is falling....