Archive | Economic News

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Is Starbucks holiday cup somehow ‘gay’?

(FOX NEWS) — Starbucks’ newest holiday cups are getting second looks after a Buzzfeed article suggested that they might be “gay.” The cups feature a busy print of holiday favorites like mittens, presents and Christmas trees, and above the logo, two unseen people are holding hands. Since the cups launched in October, however, people have […]

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Lois Lerner ‘fears physical harm’ from enraged public

(WASHINGTON TIMES) — Former IRS executive Lois G. Lerner told a federal court last week that members of her family, including “young children,” face death threats and a real risk of physical harm if her explanation of the tea party targeting scandal becomes public. Ms. Lerner and Holly Paz, her deputy at the IRS, filed […]

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U.S. sues to block AT&T takeover of TimeWarner

(BLOOMBERG) — The U.S. Justice Department sued to block AT&T Inc.’s $85.4 billion takeover of Time Warner Inc., delivering a major blow to the carrier’s bid to create a media and telecommunications empire. “This merger would greatly harm American consumers. It would mean higher monthly television bills and fewer of the new, emerging innovative options […]

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ESPN employees try to escape sinking ship

(NEW YORK POST) — Thanksgiving week is here, and many inside ESPN are giving special thanks for jobs they hope will last past the holidays. In the next few weeks, the Worldwide Leader is expected to undergo another round of massive layoffs — Sporting News cites 40-60 layoffs coming, with Sports Illustrated reporting the number […]

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Dow jumps 72 points as investors await tax-reform details

(CNBC) — U.S. stocks rose on Monday as Wall Street bet tax cuts would keep the economic expansion going. The Dow Jones industrial average rose 72.09 points to close at 23,430.33, with IBM and Verizon among the best-performing stocks in the index. The S&P 500 gained 0.1 percent to finish at 2,582.14, with telecommunications as […]

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Tina Brown rips into Google, Facebook

(RECODE) — Starting in her 20s as the editor of Tatler Magazine in London, Tina Brown rode a wave of print magazines to become one of the most influential people in the media. She tells a good portion of that story in her new no-holds-barred memoir, “The Vanity Fair Diaries: 1983 – 1992.” But after […]

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Katy Perry dispute over convent heads to Vatican

(HOLLYWOOD REPORTER) — Dana Hollister has been attacked by the Archdiocese of Los Angeles, cross-examined by lawyers for Katy Perry, and been on the wrong end of several court rulings — including a jury’s decision on Nov. 17 that slapped her with a $5 million fine — all of which have conspired to deny her […]

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City bills couple $122,000 in ‘prosecution fees’

(DESERT SUN) — COACHELLA, Calif. – When Cesar Garcia pulled the letter out of his mailbox, he immediately recognized the name of the law firm on the envelope – Silver & Wright. Eighteen months ago, they had dragged him to court, called him a criminal, cost him thousands of dollars and made his life hell. […]

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Bill Clinton accused of sex assault by 4 more women

(DAILY MAIL) — Bill Clinton is facing explosive new charges of sexual assault from four women, according to highly placed Democratic Party sources and an official who served in both the Clinton and Obama administrations. The current accusations against the 71-year-old former president — whose past is littered with charges of sexual misconduct — stem […]

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Airline to board passengers in order of ticket price

(DAILY MAIL) — Passengers will soon be boarding British Airways planes according to how much they paid for their flights. From next month, those who pay the lowest fares will have to wait at the departure gate and board after everyone else. The carrier will introduce a ‘group boarding’ system on all its flights from […]

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