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Category : Business (Archive for 2018-10-06) News by Google
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Los Angeles Times
'A wake-up call for traditional mattress chains': Mattress Firm files for bankruptcy
Los Angeles Times
Mattress Firm, the country's largest mattress chain, filed for Chapter 11 bankruptcy protection Friday, becoming the latest retail chain to be brought low by online competition. The Houston company, which has 3,400 locations nationwide, plans to close ...

New York Times
Ford, an Automaker at a Crossroads, Seeks Cuts and Partners
New York Times
DEARBORN, Mich. — When Ford Motor was celebrating the 100th anniversary of its Rouge industrial complex last week, its chairman, William C. Ford Jr., offered an optimistic outlook for the years ahead. The company is still solidly profitable, he said ...

Seeking Alpha
Elon Musk's Settlement With The SEC Is A Warning Shot For CEOs
Seeking Alpha
Perhaps the biggest complaint by investors following the 2008 financial crisis was that not a single Wall Street executive was held accountable for their misdeeds. People were upset, angry and annoyed. After all, Wall Street banks nearly led to the ...

New York Daily News
Reputed Luchese mobster orders coffee to go — and then dies in hail of bullets
New York Daily News
He ordered a coffee to go — and then he went, for eternity. Advertisement. A stealthy hit man gunned down a Luchese family associate at a Bronx fast food drive-thru window while the gangster waited in his idling car for a cup of joe, cops said Friday ...

U.S. News & World Report
US Unemployment Falls to 3.7 Percent _ Lowest Since 1969
U.S. News & World Report
The U.S. unemployment rate has fallen to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. Oct. 5, 2018, at 8:59 p.m.. US Unemployment ...

NBCNews.com
Bubble trouble? Seltzer maker LaCroix sued over 'all-natural' label
NBCNews.com
A lawsuit popped open this week in Chicago accuses the popular sparkling water brand LaCroix of lying about its "all-natural" ingredients. The filing in Cook County, Illinois, circuit court, on Monday against the National Beverage Corporation, LaCroix ...

Washington Post
Google CEO quietly met with military leaders at the Pentagon, seeking to smooth tensions over drone AI
Washington Post
Google chief executive Sundar Pichai quietly paid the Pentagon a visit during his trip to Washington last week, seeking to smooth over tensions roughly four months after employee outrage prompted the tech giant to sever a defense contract to analyze ...

Bloomberg
US Stocks Fall as Treasuries Extend Slump: Markets Wrap
Bloomberg
U.S. stocks capped the worst week in a month, as the selloff in Treasuries that took yields to seven-year highs persisted amid speculation the latest jobs report clears the path for raising interest rates. Technology shares led losses Friday, sending ...

TechCrunch
How the 22-year-old founders of Brex built a billion-dollar business in less than 2 years
TechCrunch
When Brazilian-born Henrique Dubugras and Pedro Franceschi met at 16 years old, they bonded over a love of coding and mutual frustrations with their strict mothers, who didn't understand their Mark Zuckerberg-esque ambitions. To be fair, their moms ...

Bloomberg
GE Tops S&P After Tying $237 Million CEO Pay Goal to Stock Gains
Bloomberg
General Electric Co.'s new boss could receive $21.3 million in annual compensation and earn shares worth more than $200 million -- but only if he manages to reverse the company's deep stock slump. The odds on that bet are already improving. Larry Culp.

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