Bob Iger to Remain Disney CEO, Chairman Through June 2016
The Walt Disney Co. announced on Monday that it extended Bob Iger’s tenure as chief executive and chairman through the expiration of his contract June 30, 2016. Iger, 62, was named CEO on Sept. 30, 2005, overseeing the company during its acquisition of Pixar in… Read More »
EmailGoldman Sachs’ ‘Madness’ Scavenger Hunt Accepting Applications
(Image credit: Joshua Schwimmer | Jason Fulford) An extreme scavenger hunt charity event hosted by a Goldman Sachs partner, which last time led participants to control the light show atop the Bank of America skyscraper, is accepting applications for its next competition in the fall. For… Read More »
Detained U.S. Boss Home After China ‘Nightmare’
Morning Business Memo: His ordeal finally over, a U.S. executive detained for a week by his company’s Chinese workers in a pay dispute has arrived home. Chip Starnes, 42, flew into Fort Lauderdale-Hollywood Airport in Florida early this morning. He told reporters it was a… Read More »
Rising Interest Rates May Harm Economy
Morning Business Memo… Businesses, local governments, and home buyers may all feel the pinch of higher interest rates. With the recent rise of long-term bond yields, some economists worry about the negative impact on the US economy. Rates on 30-year fixed mortgages have gone up… Read More »
Dismal Results at Barnes & Noble
Morning Business Memo… Barnes & Noble is pulling back on its big bet to compete against Apple and Amazon in the tablet wars. The country’s largest bookseller, which spent heavily on the Nook, says it will stop making its own color touch screen tablets, farming… Read More »
Many Workers Hate Their Jobs
Morning Business Memo… If you hate your job, you’ve got company. A new state of the workplace report by Gallup says only 30 percent of US employees are engaged or inspired at work while 70 percent are not fully inspired. The report estimates that widespread… Read More »
Stocks Open Week on Sour Note
Morning Business Memo… It could be another wild and crazy week for investors. After last week’s rough ride, Wall Street is bracing for more volatility. Stock futures fell sharply this morning after the averages lost about 2 percent in value last week. Interest rates spiked… Read More »
Google Skips ‘Waste of Time’ Brainteaser Interview Questions
Job interviews at Google, frequently named one of the best places to work by Forbes, may be getting a bit softer now that the search engine giant has “shifted away” from difficult “brainteaser” questions. This week, Laszlo Bock, senior vice president of people operations at… Read More »
Amazon Reportedly Hawks ‘The Sopranos’ DVDs After James Gandolfini’s Death
After hearing news of the death of actor James Gandolfini, Amazon was quick to express it was “saddened” by the actor’s passing, but irked some customers by linking to DVDs for “The Sopranos.” While Amazon’s text expressed sadness and appreciation for Gandolfini’s body of work, some… Read More »
GM Passes Toyota for First Time in J.D. Power Quality Survey
General Motors passed Toyota Motor Corp. to lead J.D. Power & Associates’ Initial Quality Study for the first time since the survey started 27 years ago. J.D. Power’s survey of new vehicles was redesigned for 2013 to measure the quality and problems related to new… Read More »
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