Activist investors at Starboard Value are once again looking to shake things up at a major company. After essentially forcing the now-contested Staples-Office Depot merger, questioning the number of breadsticks handed out at Olive Garden and ousting the entire Darden Restaurant Inc. board, the investor group has launched a fight to remove the entire board of Yahoo. [More]
More than a decade after Grand Canyon University became the first Christian college to get into the for-profit education field, the chain’s operators have announced plans to take the school and its 75,000 students back to the non-profit sphere. [More]
When you’re a multibillion-dollar company that’s been under heavy scrutiny from federal regulators and you’ve been turned down by several potential suitors in the last year, you don’t simply give up on a possible merger. Or at least that seems to be the case for Fiat Chrysler when it comes to the automaker’s unrequited love for General Motors. [More]
Even though last year’s slate of Super Bowl ads was largely regarded as ho-hum, and even though advertisers are increasingly subverting the “surprise!” effect of Super Bowl sunday commercials by relentlessly teasing their big-ticket spots online days in advance, the NFL’s big game is still TV’s biggest annual draw, and so the cost to be a part of it is going up again. [More]
The aftermath of a now all-too-common data breach can be frustrating for consumers: canceling credit cards, monitoring credit reports for irregularities, and working with banks to recoup unauthorized purchases. But the hacks can also be expensive for the targeted company, with the average cost now sitting at a 10-year high of $3.8 million. [More]
With Tesla’s “major new product line” announcement scheduled to take place next week, new reports have surfaced that support the idea the company’s much-hyped unveiling is for a new line of batteries to power homes and businesses. One in particular points out the company’s new energy source is already at work powering several Walmart stores. [More]
There aren’t a lot of shining successes in American’s most recent recession, but one company that has done well and even managed to grow is Costco. Why is that? The traditional wisdom is that customers love the prices and selection: for Consumerist readers, it’s also the return policy and the warranty extension. What’s the deal with why we love Costco so much? [More]
As a customer, you see ads from the ancient florist wire services like FTD and Teleflora. Readers write in and complain to us about those specific brands, since that’s the website they visit and the brand name that’s familiar. When you order up some flowers, though, that’s not who brings them to your door. It’s locally-owned florists, small business owners, who actually arrange and deliver your gifts. They might receive orders from the wire services, but often earn no profit or even take a loss on putting it together. [More]
Rachel is sick of surveys and writes in to ask if we think they serve any purpose.
If you want to get ahead in the business world, you’ll need skill, luck and connections. And the latter is arguably the most important of your assets. The amount of career success you find will probably be a function of your ability to make helpful connections and use them to your advantage.
Did Yuengling suddenly get bigger than Miller or Bud? Nope. Both are now foreign-owned. According to AdAge, Yuengling has recently surpassed Sam Adams’ Boston Beer Company as the largest U.S.-owned brewer that manufactures all its beer in the U.S.
Most anyone who toils away at an unsatisfying job dreams of chucking it all and venturing off to business on their own. The move just might be the path to success and happiness, but before you embark on a daring venture you need to take a reality check and identify your talents, motivations and expectations.
According to Tom, there are three basic types of American business. If that’s too many to remember, you can also organize them under them under the umbrella concept known as “screwed up.”
The Three Classes of American Business [4-Block World]
Just about everyone’s been smacked with an overdraft fee before, but Michael writes us about his partner who is drowning in a flood of such exploitative charges.