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Business News

Tuesday, Apr 9, 2019 at 08:55 AM EDT

Climate Change Will Crush Real Estate Values for Investors Who Don’t Prepare, New Report Says

Climate Change Will Crush Real Estate Values for Investors Who Don’t Prepare, New Report Says

For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change. To that end, big real estate firms...

Tuesday, Apr 9, 2019 at 08:56 AM EDT

Bank of America Is Raising Its Minimum Wage for Employees to $20 an Hour

Bank of America Is Raising Its Minimum Wage for Employees to $20 an Hour

Bank of America is raising the minimum wage for employees this year and plans to hike it to $20 an hour in two years. “If you get a job at Bank of America, you’ll make $41,000,” Chairman and CEO Brian Moynihan...

Tuesday, Apr 9, 2019 at 06:13 AM EDT

Ghost of Toys R Us Still Haunts Toy Makers

Ghost of Toys R Us Still Haunts Toy Makers

This year, children will have a hard time finding Uncle Milton's glow-in-the-dark ant farm, or the gel and ant village version. Basic Fun, the parent company behind the brand, has stopped producing them and now...

Monday, Apr 8, 2019 at 10:42 AM EDT

Pinterest Sets Sights on Raising $1.5B in First Public Share Offering

Pinterest Sets Sights on Raising $1.5B in First Public Share Offering

Pinterest, among a gaggle of tech companies planning to go public this year, hopes to raise as much as $1.5 billion in its initial offering of shares. The digital scrapbooking site said in a regulatory...

Sunday, Apr 7, 2019 at 12:57 AM EDT

Tech Entrepreneur Gives $25M in Cryptocurrency to Alma Mater

Tech Entrepreneur Gives $25M in Cryptocurrency to Alma Mater

A tech entrepreneur and his wife have made a very Silicon Valley donation to his San Francisco alma mater — $25 million, mostly in cryptocurrency. The gift from Chris Larsen, founder of cryptocurrency...

Monday, Apr 8, 2019 at 09:45 AM EDT

Disney's $1B Star Wars Theme Park in Calif. Close to Opening

Disney's $1B Star Wars Theme Park in Calif. Close to Opening

Just over a year ago, Disneyland Resort’s relationship with its hometown of Anaheim was tense. Now, the two sides have “reset” ties as the park prepares to open its largest single-themed land expansion ever,...

Saturday, Apr 6, 2019 at 12:16 AM EDT

Temple Grad Sentenced for 'Biggest Green Scam' in History

Temple Grad Sentenced for 'Biggest Green Scam' in History

One of three people, including two Temple University graduates, behind what is believed to be the biggest scam involving clean energy in American history was sentenced Friday in Philadelphia federal court. Ama...

Friday, Apr 5, 2019 at 05:01 PM EDT

Boeing to Cut 737 Max Production Beginning in Mid-April

Boeing to Cut 737 Max Production Beginning in Mid-April

Boeing is cutting production of the 737 Max jets as the company moves quickly to finalize a fix that will get the grounded aircraft flying again. Boeing’s monthly production of the aircraft, involved in two...

Friday, Apr 5, 2019 at 09:42 AM EDT

Job Market Bounces Back in March With 196,000 Gain in Payrolls

Job Market Bounces Back in March With 196,000 Gain in Payrolls

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday....

Thursday, Apr 4, 2019 at 06:11 PM EDT

Judge Gives Musk, Regulators 2 Weeks to Settle Dispute

Judge Gives Musk, Regulators 2 Weeks to Settle Dispute

A judge urged the Securities and Exchange Commission and Tesla CEO Elon Musk Thursday to amicably settle their dispute over his tweets or she'll decide whether to grant the regulatory agency's request that...

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