News Stories

  • The cost of a strong dollar: Billions in corporate damage

      The market knew it would be ugly. Now, it’s become clear just how much havoc the strong dollar is wreaking on corporate America. In the first three months of the year, companies in North America lost nearly $29 billion because of currency swings, according to FiREapps, a company that advises businesses on managing their

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  • AT&T Hit With $100 Million Fine for ‘Unlimited’ Data Plans

        WASHINGTON — AT&T Mobility has been slapped with a $100 million fine for offering consumers “unlimited” data, but then slowing their Internet speeds after they reached a certain amount. The Federal Communications Commission said Wednesday that the company misled consumers into buying plans they believed would give them unlimited ability to send and

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  • Bird flu leads to cheaper chicken in US

    A bird flu outbreak in the Midwest that’s boosted prices for eggs and roasting turkeys has actually resulted in cheaper chicken in the U.S., as many countries restrict imports of poultry products, the Department of Agriculture said in a report released Tuesday. Even though bird flu has not found its way onto farms that raise

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  • Misfit CEO says this is key for wearables market

    While the wearables market has recently expanded amid the launch of the Apple Watch, Misfit’s Sonny Vu said Tuesday that wearables in general need to be easier to use. “You need to make it really easy [for users]. Just a touch of a button and it turns on your lights, [for example], instead of having

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  • Greek drama sets up (tiny) market opportunity

      A small group of hedge funds that includes Dan Loeb’s Third Point,Richard Perry’s Perry Capital, and Tom Wagner and Ara Cohen’sKnighthead Capital Management continues to view uncertainty overGreece as a chance to make money. “While the ongoing negotiations are likely to result in volatility, regardless of the outcome there should be attractive European recovery

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  • How the Fed screwed up the bond market

      Live by central bank liquidity, die by central bank liquidity. That could well become the mantra for a bond market that, after years of support by the Federal Reserve and its global counterparts, now finds itself suffering under the unintended consequences of the trillions in easing distributed to allay the fears of a market

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  • Executive Insights: Shahe Manoukian

      As many organic and natural foods purveyors will tell you, high-priced produce doesn’t often make it on the grocery lists of cash-strapped consumers under 30. Last month, Austin, Texas-based Whole Foods Market Inc. announced its plan to launch a sister chain of lower-cost, separately branded stores across the country in an effort to target

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  • Myntra’s lesbian ad not India’s first gay ad

      There is an interesting tone that advertising people take when they think they are doing something so path-breaking it deserves social recognition. You can hear it when Avishek Ghosh, co-partner at Hectic Content, which made the Myntra ad that is being touted as the first in India to feature a lesbian couple, explains how

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