LAS VEGAS (AP) — Daily fantasy sports websites including DraftKings and FanDuel have been ordered to shut down in Nevada after regulators said they can’t operate without a gambling license. The companies, which have flooded televisions and computers with advertisements promising big payouts to winners, have come under increased scrutiny […]
How was YOUR day? This family lost $9 BILLION
The four heirs to Sam Walton, the founder of Wal-Mart, control more than half the company shares. That means the Walton family — Christy, Jim, Alice and Rob– saw over $9 billion of their fortune evaporate… in just one day. Wednesday saw Wal-Mart stock have its biggest one-day drop in […]
Fat cats – Airline lobbyists demand more government handouts
U.S. airlines have ramped up an aggressive lobbying campaign that seeks nothing less than converting the government from an industry regulator to a business ally. The big three legacy carriers — Delta, American and United — want the Obama administration to protect them from competition from foreign airlines, arguing those […]
World’s biggest beer makers join forces
Cheers ! The world’s top two beer makers agreed Tuesday to join forces to create a company that would control nearly a third of the global market and bring together top U.S. brands Budweiser and Miller Genuine Draft. After turning down five offers, British-based brewer SABMiller accepted in principle an […]
Did this Ivy League college steal from its own state?
Frustrated by a lack of response from Dartmouth College, a state lawmaker hopes the Legislature will force the Ivy League school to explain how it has repaid New Hampshire for its generosity more than a century ago. In 1807, the state gave the then-cash-strapped college 42 square miles of land […]
No more money for Social Security beneficiaries
For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in their benefits next year. This unwelcome news for more than one-fifth of the nation’s population could get even worse, as those on Medicare could see their monthly checks […]
The big beer shake-up
LONDON (AP) — SABMiller is meeting with investors to underscore its strength as an independent company, as the world’s second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev. In a statement released Friday in London, SABMiller says the meetings will highlight accelerating growth and plans to […]
Disney and Marvel announce new movies
Their heroes may be small, but their profits are easy to spot. Marvel and Disney have announced that “Ant-Man and the Wasp,” a sequel to this summer’s “Ant-Man,” will be released on July 6, 2018, the studio announced Thursday. In addition, Disney and Pixar have set a June 2019 release […]
The rising cost of cybercrime
Cybercrime costs are climbing for companies both in the U.S. and overseas amid a slew of high-profile breaches, according to research released Tuesday. A sixth-annual study by the Ponemon Institute pegged the average annual cost of cybercrime per large U.S. company at $15.4 million. That’s up 19 percent from $12.7 […]
Scientists say your heating bill costs set to PLUMMET. Here’s why…
Good news from scientists and the energy sector. Heating bills should drop up to 25% this winter for U.S. households, thanks to a combination of lower energy prices and warmer weather across most of the country, the U.S. Energy Department said Tuesday. The Energy Department’s annual prediction calls for lower […]
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