Business

Newark Picks Shop-Rite over Walmart as Wally World Protests Grow

Newark Picks Shop-Rite over Walmart as Wally World Protests Grow
Brick City is getting itself a nice new shopping center and everyone is a little relieved that it's not Walmart.
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Will FBI Nominee James Comey Make Investigating Financial Fraud A Priority?

Will FBI Nominee James Comey Make Investigating Financial Fraud A Priority?
News broke last week that President Obama will be nominating former Bush Deputy Attorney General to head the Federal Bureau of Investigation (FBI). Comey’s nomination has stirred a debate about civil liberties and the surveillance state, but one issue that has not arisen is what he plans to do about the bureau’s approach to financial fraud.
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American FAILout: Pulitzer Winner Laments the Fact That Banks Are Still Too Big

American FAILout: Pulitzer Winner Laments the Fact That Banks Are Still Too Big
Pulitzer-Prize-winning New York Times columnist Gretchen Morgenson tells Bill Moyers that, five years after the country's economic near-collapse, banks are still too big to fail, too big to manage, and too big to trust. Watch the video above and stare slack jawed at the audacity of these mega-companies that Morgenson points out below.
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Congress Too Lazy to Write Bill, Copies Citigroup's Instead

Congress Too Lazy to Write Bill, Copies Citigroup's Instead
When five mega-companies control 90-percent of a $700 trillion market, it's safe to say that they can afford some pretty good lobbyists in Washington. According to a report from Mother Jones released on Friday, however, Citigroup's influence on Capitol Hill is so strong that the House financial services committee passed legislation that was practically plagiarized from a proposal drafted by the bank's lobbyists.
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Brandon Perkins
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Verizon (and Google) Helped U.S. Government to Spy on Reporters

Verizon (and Google) Helped U.S. Government to Spy on Reporters
Technology companies willingly provided information to U.S. government agencies to help the Obama administration snoop on reporters from the Associated Press (AP) and Fox news in order to ostensibly crack down on leaks that pose a “threat” to national security.
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From Label to Table: USDA's Enhanced Meat Packaging Info Goes Into Effect Against Beef and Grocery Lobby Wishes

From Label to Table: USDA's Enhanced Meat Packaging Info Goes Into Effect Against Beef and Grocery Lobby Wishes
Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday. "Consumers want and have the right to know where their food comes from," the National Farmers Union says.
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M.L. Johnson
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Undertaxed Apple Looks for More Tax Savings

Undertaxed Apple Looks for More Tax Savings
Apple has avoided billions and billions of dollars in taxes they owe to the country by setting up foreign subsidiaries in tax-haven countries, all while moving jobs and profit centers out of the country. Now they want a special tax break to reward them for doing that.
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Will Bankers at JPMorgan Chase Finally Pay for Their Misdeeds?

Will Bankers at JPMorgan Chase Finally Pay for Their Misdeeds?
Will California Attorney General Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their wrongdoings.
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Abercrombie Would Rather Burn Clothes Than Give Them to Poor People

Abercrombie Would Rather Burn Clothes Than Give Them to Poor People
Fed up with Abercrombie & Fitch's douchey elitist policies - no clothes for the chubby or otherwise unbeautiful people, thanks - an L.A. filmmaker has begun a campaign to rebrand A&F clothes by giving them away to the people he knows A&F doesn't want wearing them - the homeless.
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Cambodian Shoe Factory Collapse Kills 2, Injures 7

Cambodian Shoe Factory Collapse Kills 2, Injures 7
The ceiling of a Cambodian factory that makes Asics sneakers collapsed on workers early Thursday, killing two people and injuring seven, in the latest accident spotlighting the often lethal safety conditions faced by those toiling in the global garment industry.
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