Women may be badly outnumbered in the top ranks of corporate America, but at least they aren’t underpaid. Compensation for female chief financial officers at S&P 500 companies last year outpaced that of their male counterparts, according to an analysis by executive compensation firm Equilar and the Associated Press. It… Read More
Federal Reserve announces it’s finally raising interest rates
The Federal Reserve is raising interest rates after seven years of record lows. But it’s signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed’s move to lift its key rate by a quarter-point to a range of 0.25… Read More
To get the oil, they’ll build an island
Arctic offshore drilling by Royal Dutch Shell PLC drew protests on two continents this year, but a more modest proposal for extracting petroleum where polar bears roam has moved forward with much less attention. While Shell proposed exploratory wells in the Chukchi Sea about 80 miles off Alaska’s northwest coast,… Read More
The bombshell $130 BILLION chemical deal
Dow Chemical and the DuPont Co. announced Friday that they are merging in a $130 billion chemical industry megadeal. The merger would combine two companies that sell agricultural products to millions of farmers around the world, and make a variety of chemicals for consumer and industrial products ranging from electronics,… Read More
Oil prices PLUMMET… gas prices should stay low for a long time
Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That, of course, is good news for consumers and fuel-guzzling industries like airlines, but oil producers are being… Read More
E.coli makes investors queasy, Chipotle in trouble
Chipotle shares continued falling Monday as the company faces its first decline in a key sales figure after an outbreak of E. coli linked to its restaurants. The chain known for touting its quality ingredients said Friday it expects sales to drop between 8 percent and 11 percent at established… Read More
Facebook’s Zuckerberg pledges to donate over $40 billion
The huge philanthropic pledge by Facebook CEO Mark Zuckerberg and his wife — totaling perhaps $45 billion — reflects the fast-paced emergence of a new Gilded Age of giving. The changes excite many in the charity world, but also raise questions about effectiveness, ethics and the impact on older charities… Read More
No more bailouts for “too big to fail” banks, says Fed
Federal Reserve officials have moved to prevent the central bank from bailing out failing companies, a power it exercised during the 2008 financial crisis. The Fed governors voted 5-0 Monday at a public meeting to downsize the Fed’s emergency lending powers. Only broad lending programs designed to revive frozen markets… Read More
The numbers for Cyber Monday are…
Retailers are rolling out online deals on so-called “Cyber Monday.” But now that shoppers are online all the time anyway, the 10-year-old shopping holiday is losing some of its luster. Still, Monday was expected to be the biggest online shopping day ever, with estimates that it would rack up over $3… Read More
The Black Friday shopping madness that wasn’t
U.S. shoppers no longer blow the bulk of their holiday budgets on the day after Thanksgiving known as Black Friday. It’s a major shift that has made it difficult for stores to track and learn from shoppers’ spending habits during the traditional start to the busy holiday shopping season. Take… Read More
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