Business

Two More Companies Cut Ties to ALEC, Bringing Total to 72

Two More Companies Cut Ties to ALEC, Bringing Total to 72
Corporations that have publicly cut ties to ALEC since CMD launched ALECexposed.org in 2011 and highlighted Coca Cola's role in the group. The addition of these two companies brings the total to at least 72 corporations. These and 19 non-profits that have cut ties brings the total number of private-sector ALEC members who have cut ties to at least 91.
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Trans-Pacific Partnership Should be Disliked by Everyone - Including the Tea Party

Trans-Pacific Partnership Should be Disliked by Everyone - Including the Tea Party
The Trans-Pacific Partnership (TPP) has some very disturbing components, not the least of which the rules that supersede sovereign nations' laws. Oddly though, the tea party doesn't seem too concerned.
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Terminator-Strength Soybean Seeds Propel Monsanto to Sky-High First Quarter Earnings

Terminator-Strength Soybean Seeds Propel Monsanto to Sky-High First Quarter Earnings
Monsanto reported better-than-expected first quarter earnings Wednesday on higher sales of the company's insect-repelling and herbicide-resistant soybean seeds in Latin America. Monsanto, which has dominated the bioengineered-seed business for more than a decade, expects earnings growth in the "mid-to-high-teens" for fiscal 2014, based largely on international seed sales in Latin America, Asia and other emerging markets.
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AP
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Hilarious: Right Wing Casino Billionaire Fights Online Gambling 'For the Children'

Hilarious: Right Wing Casino Billionaire Fights Online Gambling 'For the Children'
Sheldon Adelson, the Conservative casino billionaire, is spending millions on the fight against online gambling. Because of his business interests? Don't be silly, says Adelson. It's "for the children!"
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Bay Area 51: Google Building Massive and Mysterious Barge in San Francisco Bay

Bay Area 51: Google Building Massive and Mysterious Barge in San Francisco Bay
San Francisco's mayor says he doesn't know what it is. Police say it's not their jurisdiction. And government inspectors are sworn to secrecy. Google is erecting a four-story structure in the heart of the San Francisco Bay but is managing to conceal its purpose by constructing it on docked barges instead of on land, where city building permits and public plans are mandatory.
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Martha Mendoza
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McDonald's: Exploiting Charity to Deflect Criticism, Reap Benefits

McDonald's: Exploiting Charity to Deflect Criticism, Reap Benefits
McDonald's philanthropic activities have largely been self-serving, allowing the fast-food giant to score massive PR points with limited giving and continued marketing to children, a damning new report reveals.
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Judge: The Fed's Obligations to Goldman Sachs Not as Important as Public's Right to Know

Judge: The Fed's Obligations to Goldman Sachs Not as Important as Public's Right to Know
A federal judge rejected the Federal Reserve Bank of New York’s plea to seal documents in a wrongful termination lawsuit filed by a former bank examiner who claims she was fired for doing her job. “I am not convinced that anything will be accomplished to seal or redact a complaint that is publicly available,” U.S. District Judge Ronnie Abrams said.
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Jake Bernstein
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Shark Tank Jumping: Mark Cuban Insider Trading Lawsuit Continues in Federal Court

Shark Tank Jumping:  Mark Cuban Insider Trading Lawsuit Continues in Federal Court
The insider-trading lawsuit against Mark Cuban will continue after a federal judge turned down the billionaire Dallas Mavericks owner's attempt to dismiss the government's case as unproven. U.S. District Court Judge Sidney Fitzwater's ruling late Monday means that the case is likely to be decided by a jury of seven women and three men who heard Cuban testify for two days.
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David Koenig
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New Report: Corporate Welfare Costs the Average American Family $6,000 Annually

New Report: Corporate Welfare Costs the Average American Family $6,000 Annually
With big corporations doubling their profits while having their taxes cut over the past ten years, 2.9 million American jobs have been lost and the system has been pushed to its functional boundaries. The system, Buchheit argues, is nothing more than crony capitalism and creates a government whose main function is to legalize the fleecing of the 99 percent at the behest of the elite one percent.
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Monsanto Reports Loss as Seed Sales Decline; Buys Weather Data Firm for $930M Cash

Monsanto Reports Loss as Seed Sales Decline; Buys Weather Data Firm for $930M Cash
Monsanto reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in premarket trading.
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Matthew Perrone
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