Varieties of marijuana buds including “Skunk Ape” and “White Fire Alien” are displayed for sale at a medical marijuana center in Denver. Whether the grower is licensed or not, pot is still a risky business in states that have approved its use for medicinal purposes.
NEW YORK (CNNMoney) — Microsoft’s sales growth for Xbox and Kinect slowed sharply last quarter, but other sectors like Windows helped the company post earnings that beat analysts’ estimates. Microsoft (MSFT, Fortune 500) pulled in earnings of 60 cents per share on sales of $17.4 billion for its fiscal third ...
FORTUNE — Hundreds of students, business leaders, and investors crammed into the Shell Auditorium at Rice University on Thursday evening to watch the Rice Business Plan Competition elevator pitch contest, arguably the most dramatic event at the university’s three-day business plan extravaganza.
FRANKFURT: Opel has ruled out plant closures and job cuts in the near term, but there are “no taboos” in the GM unit’s efforts to become more profitable in the future, Chief Executive Karl-Friedrich Stracke told a German newspaper. “We have a clear agreement to secure locations until the end ...
In a very public and scathing resignation letter, Goldman Sachs executive director Greg Smith has called the atmosphere at the massive investment bank “as toxic and destructive as I have ever seen it.” “Today is my last day at Goldman Sachs,” wrote Smith, who was the head of the firm’s U.S. equity derivatives ...
U.S. stocks closed Wednesday lower, with the S&P 500 stalled near a 10-month-old high after weak data on European business activity raised concerns about a recession in the euro zone. Bank shares were the biggest decliners due to U.S. banks’ exposure to Europe. Oil services companies rose, nearly offsetting the ...
Eastman Kodak’s corporate headqaurters in Rochester, N.Y. The company that invented home photography has tossed in the towel on it. Eastman Kodak, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in the first half of 2012 in a ...
Not only does it already cost more to fly than it did a year ago, but airfares are only going to continue to climb in 2012. “My overall prediction is that we’re going to see a 10% to 15% average increase in domestic and international airfares [this year],” said Harlan ...
Editor’s note: This guest post was written by Dave Chase, the CEO of Avado.com, a patient relationship management company. Previously he was a management consultant for Accenture’s health care practice and was the founder of Microsoft’s Health platform business. You can follow him on Twitter @chasedave. In 2006, Microsoft acquired ...
By Jacob Fenton, Investigative Reporting Workshop New federal data show that the number of small bank loans to business has fallen to the lowest point in more than a decade, cutting the flow of money to a sector that’s usually a job-creation powerhouse. “It’s usually the smaller business that is ...
In March 2008, about nine months after he bought a steel-processing business, Precision Steel Services in Warren, Mich., for some $750,000, Shailesh Kumar went to two banks in search of a $350,000 loan. He wanted to expand the business and pay off a $290,000 debt he had with the seller, ...
Kimberly Eberl, who owns Motion PR, was scammed out of $15,000. From raising capital to developing marketing and promotions strategies, starting and running a successful small business is never easy. Factor in the occasional fraud scheme, and things get especially dicey. According to the latest report by the Association of ...
The luxe cabin of a JetSuite Phenom 100, which seats four passengers. NEW YORK (CNNMoney) — Flying in a private jet used to be the ultimate status symbol, but the recession completely knocked the wind out of the industry — until now. Private jet travel is staging a comeback. As ...
Abbott Laboratories announced plans this morning to split itself in two, spinning off its $18 billion pharmaceuticals arm under a new name. That should signal trouble to investors in other drug companies like Pfizer, Merck, and Bristol-Myers Squibb, because it signals that pharmaceuticals is becoming a lot less appealing as ...
Each year, Business Travel News publishes its Annual Airline Survey, ranking the five largest domestic airlines in the U.S. The results are based on a poll of 406 travel managers and buyers who spend more than $500,000 a year on flights booked in the U.S. BTN gathers data across ...
By Julie Zeveloff, Business Insider The New York Times just published an in-depth review of Kohler’s Numi toilet, a $6,400 contraption that is basically a cross between a potty and a butler. The toilet, which costs 81 times the amount of your standard Home Depot toilet, has a touch-screen remote ...
(Poets&Quants) — is seeking to dramatically expand its size by acquiring a new building within walking distance of its campus near St. Regent’s Park in London, according to Sir Andrew Likierman, the school’s dean. The new building is expected to be the centerpiece of a major fundraising campaign as the school ...
