Apple’s innovation machine is broken, critics said. Look no further than the latest iPhones, which they complained lack the pizzazz to become blockbusters.
Once again, Apple has proved the critics wrong.
The company …
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Retirees Are Living Longer, Creating a New Star Financial Product
With guaranteed income emerging as the great retirement issue of our long-lived days, a once-ignored annuity gains traction.
Fed Could Slow Stimulus at October Meeting, Official Says
A top official in the Federal Reserve said the Fed could still choose to slow stimulus policies at a meeting in October, despite an announcement Tuesday that the bond purchase program would continue.
The Death of an American Icon
Aerospace giant Boeing is planning to shut down a historic manufacturing facility in Long Beach, California, a vestige of a golden era in aviation when manufacturing jobs fueled the state’s middle class
Google vs. Death
How CEO Larry Page has transformed the search giant into a factory for moonshots. Our exclusive look at his boldest bet yet — to extend human life
Blackberry Plans More Layoffs as Losses Mount
Blackberry, the once dominant smartphone maker, will cut up to 40% of its workforce by the end of the year, the Wall Street Journal reports.
The company employed 12,700 people as of March, already down from 17,000 employees two years ago, back when its iconic phones represented 14% of the smartphone market. Blackberry now has less …
Stocks Rise After Summers Backs Out of Fed Race
U.S. stocks soared Monday morning after Lawrence Summers, a top candidate to be the next Federal Reserve chair, withdrew his name from consideration, Bloomberg News reports
Twitter Files for an IPO
Twitter announced on—where else?—that it has filed papers for an initial public offering.
[tweet https://twitter.com/twitter/status/378261932148416512%5D
The decision to file has been the source of speculation since Facebook, Twitter’s larger social media counterpart, went public in May 2012. The company has an estimated value …
D.C. Mayor Vetoes ‘Living Wage’ Bill
The Mayor of Washington, D.C., vetoed a polarizing bill that would force the city’s largest retailers, including Walmart and Target, to pay employees a higher minimum wage, setting the stage for a potential veto override by the city council.
Dell Shareholders Approve Michael Dell’s Buyout Plan
Dell Shareholders voted today to allow the firm’s founder, Michael Dell, to take the company private with help from private equity firm Silver Lake Partners in a $24.9 billion leveraged buyout.
The deal marks the culmination …
Mass Layoffs? Overpaid CEOs? Blame McKinsey!
Inside McKinsey & Co., the management consulting firm everybody loves to hate.
Twitter Plans to Become a Shopping Destination
Twitter is already the place to go to follow breaking news or post snarky messages about Miley Cyrus. Now the company wants to feed your shopping habit, too.
This week Twitter poached former Ticketmaster president Nathan Hubbard to become the company’s first chief of commerce. His job will be to “go to people who have stuff to sell
…