Illinois just can’t catch a break. The state is home to 67 of the 1,000 biggest companies in the U.S. by revenue—fourth most among states. They include Boeing, Abbott Labs, Caterpillar and Kraft Foods. However, the net migration rate out of Illinois over the last five years is the worst in the U.S.
The state’s finances are also in shambles: in June 2016, Moody’s downgraded Illinois’ credit rating to Baa2—lowest in the country among the states—and maintained its negative outlook. Moody’s cited the state’s “continuing budget imbalance due to political gridlock.” It was the fourth downgrade since 2012.
Wall Street visitors and tourists will notice a new addition if they’re walking down Broadway in New York this week. About 20 feet across from the famous Charging Bull statue — a symbol of Wall Street’s strength and might that has loomed over the street since 1989 — a bronze statue of a girl stands facing it, hands on hip, a defiant expression carved into her face.
GM’s just-announced deal to sell its long-struggling Opel/Vauxhall subsidiary for $2.5 billion may end the company’s long history in Europe — it acquired Opel in 1929 — but it doesn’t completely end the massive losses for GM, which is expected to take a $4 billion to $4.5 billion hit once the deal closes later this year.
In the modern era of Google searches, social media, video marketing, streaming content and digital presentations, the necessity of yearly trade shows has gone the way of the dinosaurs. If you are a business owner who is prepping for a pilgrimage to an upcoming trade shows, here are four things to consider before packing your bags:
Donald Trump was thundering about a minority group, linking its members to murderers and what he predicted would be an epic crime wave in America. His opponents raged in response—some slamming him as a racist—but Trump dismissed them as blind, ignorant of the real world.
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Hundreds of former employees of Sterling Jewelers, the multibillion-dollar conglomerate behind Jared the Galleria of Jewelry and Kay Jewelers, claim that its chief executive and other company leaders presided over a corporate culture that fostered rampant sexual harassment and discrimination, according to arbitration documents obtained by The Washington Post.
J.C. Penney announced that it will close 130 to 140 stores. That represents about 13% to 14% of their total stores. It is a big step for a company that had to pledge inventories to secure a loan a couple of years ago.
It is vital to close unproductive stores, and essential for this company to regain sales and earnings momentum. The recent satisfactory earnings results must have convinced management that it was the right time, financially and strategically, to close some stores.
Don’t be fooled by Trump’s and Republican promises to “repeal and replace” Obamacare. They could repeal it, but they can’t and won’t replace it.
They’ve tried for years to come up with a replacement that keeps at least as many people covered. Their “replacement” never appears.
So why do Republicans want to repeal Obamacare and leave millions without insurance? Because it would mean a huge tax windfall for the wealthy.
Are you making life better for old people? The AARP wants to know. “Research shows that 70 percent […]
Check-out lines at stores are usually kind of stressful, aren’t they? People are always in a rush. The cashiers are very busy. The self-checkout process can be frustrating, particularly if you’re not finding the bar code or don’t have your credit card ready. Hear that? It’s the groans from the people in line behind you when you’re forced to call for assistance because you accidentally scanned something twice. Yeah, we’ve all been there.
AyaWorks is a provider of innovative pipeline compliance management solutions and services for oil and gas and utility companies that can help companies avoid fines and penalties, like the one just imposed on PG&E.
A federal judge sentenced PG&E for crimes linked to the deadly San Bruno pipeline explosion, imposing the maximum fine of $3 million and branding the utility as a convicted felon. The judge also ordered PG&E to submit to court-ordered supervision of its natural gas operations.
Apple doesn’t want to see it scrapped. Neither does Intel or Tiffany & Co.
But the U.S. conflict minerals law — which requires American public companies to avoid using minerals that fund war and human rights abuses in the Congo region — is widely seen today as facing its most serious threat since its passage in 2010.
You may be too young to remember the milkman, but apparently it was a real thing for many years. Through the mid-20th century the great majority of U.S. households received their milk delivered to their doors daily and the milkman was as familiar a sight in the neighborhood as the postman. Of course, as supermarkets and grocery stores proliferated, the milkman has all but been put out to pasture.
But not in New York City.
The big airlines have jumped into the “basic economy” market, competing with the super-cheap airlines that cater to the most frugal passengers.
Within hours of each other, American and United announced that they had begun selling basic economy fares that push down the price of a ticket. The lower price can come with caveats, however, including having to pay extra for space in the overhead bin, boarding last and not having the option to pre-select seats when booking the tickets.
Rick Perry might have been a safe pick as Energy Secretary, but it’s hard to argue that he was a smart one.
There are valid reasons—beyond the fact that he once argued that the U.S. Department of Energy should be shut down—that would, in a healthy democracy, disqualify Perry as the CEO of a federal agency with 13,000 employees, plus 93,000 contract workers, and an annual budget of $30 million.
The Super Bowl delivers advertisers a stunningly large audience watching live along with the added value of the rating, analysis, and dissection of each ad before as well as after the game.
Last year’s game, when the Denver Broncos beat the Carolina Panthers, drew 111.9 million viewers, according to Nielsen. That’s down a small amount from the previous year, but it’s good enough to be No. 2 of all time.
The biggest trends in retail, like rainstorms, can be fairly easy to predict. You look at the current conditions on the radar screen, consider their proximity and can pretty much nail where and when the rain will fall.
There’s a lot you can learn from Johnny Depp’s legal spat with the firm that managed his money.
The IRS, state tax agencies and the tax prep industry have renewed warnings about an email scam that began last tax season. The scam uses a real corporate officer’s name to request employees’ W-2s from a company’s Payroll or HR department.
Procrastination as a productivity tool? As Microsoft’s chief experience officer, Julie Larson-Green’s job is to help people work smarter. But when it comes to her own day, she has a somewhat counter-intuitive approach. A 22-year Microsoft veteran, Larson-Green is responsible for the overarching experience of getting stuff done with Office and other tools on PCs, phones, wearables, and tablets. “We want to help you manage your scarce resource of time,” she says. Here’s how she does that herself.
President Trump told leaders of the country’s largest automakers Tuesday that he will curtail “unnecessary” environmental regulations and make it easier to build plants in the United States, changes that he expects will shore up the manufacturing jobs he repeatedly promised to voters on the campaign trail.
Johnson and Johnson Chief Executive Officer Alex Gorsky, the head of world’s largest health-care company, called for keeping some provisions of Obamacare intact as President Donald Trump and Republicans move to repeal the law.
Gorsky, who was among a dozen top business leaders who met with Trump Monday on his first full working day as president, said Tuesday he will advocate to keep coverage of pre-existing conditions and people staying on their parents’ insurance until they are 26, as well as a competitive individual insurance market.
Scientific findings by U.S. Environmental Protection Agency staff will likely face a case-by-case review by the Trump administration before being released, a spokesman for President Donald Trump’s transition team told NPR in an interview published on Wednesday.
Trishul Vaghani, CEO at Bluestar Mortgage, Inc, writes about current practices in the mortgage lending:
I joined the mortgage industry in late 2009 during the aftermath of the financial crisis. At a time when banks were permanently closing their doors and Loan Officers were giving up their licenses, I decided to walk toward the storm, the financial storm.
A new company formed by entrepreneurs from Stanford University, the University of Pennsylvania, and the United States Air Force Academy, is serving the energy needs of the indoor cultivation sector of the legal cannabis industry.
The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money.
President Donald Trump formally abandoned the Trans-Pacific Partnership on Monday, pulling away from Asia and scrapping his predecessor’s most significant trade deal on his first full weekday in office, administration officials said.
When the history of Donald Trump’s Administration is written, people may point to the appointment of a Koch brothers’ operative to a little-known White House position as a turning point in Trump’s evolution from unorthodox Republican candidate to doctrinaire corporate politician.
It just got more expensive to share a resort with the president.
The Trump Organization’s premiere Florida property, The Mar-a-Lago Club in Palm Beach, has doubled its initiation fee for new members to $200,000, according to CNBC sources.
There’s almost nothing harder than walking away when the time comes. Much of entrepreneurship focuses on the rise up, the hard work, grit and scrappiness it takes to get a business up and running and make it successful. Sure, we give mention to failure – builds character, and all that — but we (rightfully) celebrate success even more.
But sic transit gloria mundi. Our fame, our professional glory lasts but an eye-blink of universal time. In the end, those accomplishments you hold so dear molder in the ground along with you. They aren’t worth clinging to.
Have Cupid’s arrows hit targets on your team? Workplace romances are both a fact of life and a tricky topic for managers. Here’s some advice:
Ford Motor Company has finally revealed some of the performance specs for its new GT supercar.
The twin-turbocharged 3.5-liter V-6 fitted to the car makes 647 horsepower at 6,250 rpm and 550 pound-feet of torque at 5,900 rpm, with 90 percent of that torque figure coming up at 3,500 rpm.
Americans spend an average of 45 minutes every day commuting to and from work at an average cost of $12 per day. That works out to 187 hours and $3,000 annually, according to a survey commissioned by Citibank.
The majority of U.S. consumers (60%) said their commuting costs have increased over the last five years, with 79% indicating that the cost of gas was the biggest factor.
Many entrepreneurs chase VC funding, but the ones who fail to get it may be better off than those who do.
When faced with the frustrating constraint of limited capital, many entrepreneurs contemplate venture capital (VC) as a potential solution. Armed with a compelling vision, marketplace traction and a high revenue growth rate, these businesspeople believe that the only thing standing in their way is their lack of cash to scale the organization. And, certainly, venture capital, approached with the right mindset, can unlock the potential in bootstrapped, fast-growth businesses.
Most of us know that pessimists can be a challenge to deal with in the workplace. As a leader you need to manage pessimists by coaching them to see other options and helping them to reflect on the impact they have on those around them.
While pessimists can be a challenge to teams and leaders there are benefits of having them on your team. The book, “Step Up-Lead in Six Moments That Matter” provides leadership insights about pessimists that hadn’t occurred to me. Teams can benefit from having a pessimist.
Chris Lehane rarely wears the tailored Italian suits that he was known for during his days as a high-profile Washington operative. Now he favors the Silicon Valley uniform of jeans and Patagonia vests. He no longer plants political attacks in the news media the way he did in the Clinton White House or for Al Gore’s presidential campaign. Instead, he opts for TV spots that feature happy middle-class families promoting Airbnb, the home-sharing company where he is head of policy.
Job stress can affect your health, relationships and career, and when it becomes so extreme that it pushes you to the edge, it’s known as burnout. Burnout has been associated with debilitating physical and mental health conditions, such as coronary artery disease, hypertension, feelings of alienation, depression, anxiety, and an increase in alcohol and drug use. Three symptoms of burnout are:
Lyft is rapidly expanding the number of US cities in which it operates. The ride-hailing company plans to […]
A lawsuit filed in federal court alleges that the owners of several Star Ocean and Sun Foods grocery stores located throughout the Minneapolis and St. Paul area, regularly hired undocumented workers and mistreated them in ways that Department of Labor officials compared to slavery.
As entrepreneurs, we have to do unpleasant things. We have disagreements with clients over invoices. We have to let go of under-performing employees. We are placed in situations that encourage us to treat competitors as adversaries. And in those unpleasant situations, we are constantly being judged by how we respond.
We work hard to build businesses that benefit our employees and make the world a better place, so it’s hard to believe we’re the ones everyone is talking about at the water cooler. But, sometimes entrepreneurs do turn into jerks. So the next time you look in the mirror, do a quick self-assessment and ask yourself these 10 questions. You might be surprised.
What comes to mind when you think of the term “middle manager?” Is it someone who has little power, spends a lot of time micro-managing people and whose career is in a rut?
We wouldn’t blame you for thinking that. In popular culture, middle managers get a bad rap. From “Office Space” to “The Office,” the middle manager is often hapless, mocked by his employees and bullied by executives.
AR Systems, a technology company known for developing world-class automated retailing solutions, announced that it is utilizing its core expertise in system design, engineering, automation, back-end management and technology integration, to open opportunities in new vertical markets.
Enforcing dress codes and conduct rules? Make sure men and women who violate the same rules receive the same punishment. Employers rarely lose sex discrimination lawsuits if they can show that everyone who broke the same rule received the same punishment.