Business

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.
origin Author: 
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.
origin Author: 
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.
origin Author: 
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.
origin Author: 
Matthew Perrone
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FAA Says Electronics During Takeoff and Landing Are Not a Safety Risk

FAA Says Electronics During Takeoff and Landing Are Not a Safety Risk
With the blessing of an influential advisory panel, federal regulators are closer to letting airline passengers use their smartphones, tablets, e-readers and other electronic gadgets during takeoffs and landings.
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Qualcomm Exec Indicted on Insider Trading Charges, Illegally Made $250k in Profits

Qualcomm Exec Indicted on Insider Trading Charges, Illegally Made $250k in Profits
A former senior executive at Qualcomm Inc. made nearly $250,000 in illegal profits from using inside information to buy stock in the wireless technology company and an acquisition target before major public announcements, according to an indictment unsealed Monday. Jing Wang was charged with insider trading, money laundering, conspiracy, obstruction of official proceedings and aggravated identity theft. He voluntarily surrendered at FBI offices Monday and pleaded not guilty at an initial court appearance.
origin Author: 
Elliot Spagat
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Six Weeks of 'Inactivity' Enough for Banks to Seize a Person's Funds

Six Weeks of 'Inactivity' Enough for Banks to Seize a Person's Funds
It only takes six weeks without a deposit or withdrawal —accrued interest doesn't count — before the federal government and its fourth branch (the banks) can seize a person's funds. This is a practice that is unfairly targeting the elderly and children. At this point, is there any bullying from the banks that could be considered surprising?
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'Monsanto Law' Would Make Chile's Food Sovereignty 'Dependent on Big Corporations'

'Monsanto Law' Would Make Chile's Food Sovereignty 'Dependent on Big Corporations'
Protesters filled the streets of over 10 cities in Chile on Saturday to march against what has been dubbed 'Monsanto Law,' a measure critics say risks the country's food sovereignty while putting seeds in the hands of a few multi-national corporations.
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