The American (and Canadian) dream hasn’t really changed in the past 50 years. You go to college, find a job, get married, buy a house, have a couple of kids and retire at 65. It’s pretty straightforward, but what would happen if that model were flipped upside down? If you skipped a few steps and […]
(Reuters) – Johnson & Johnson is telling patients that it has learned of a security vulnerability in one of its insulin pumps that a hacker could exploit to overdose diabetic patients with insulin, though it describes the risk as low. Medical device experts said they believe it was the first time a manufacturer had issued […]
In Austin, Texas, Randalls slashed prices for boneless beef ribs by 40 percent, to $3.99 a pound. Not to be outdone, the H-E-B grocer down the street charged $1 a pound less. Not long ago, Albertsons advertised a deal you don’t normally see on your finer cuts of meat: “buy 1 get 1 free” specials […]
Consumer confidence rose in September to its highest level since August 2007 — before the Great Recession. The data, released Tuesday by the Conference Board, a business association, helps dismiss arguments that the uncertainty of the election is weighing down Americans’ perception of the economy, said Paul Ashworth, chief U.S. economist at Capital Economics, a […]
The record industry is finally going after “stream ripping,” the process of turning a stream into a downloadable file. The Recording Industry Association of America (RIAA), the International Federation of the Phonographic Industry (IFPI), and the British Phonographic Industry (BPI) have announced their first stream ripping lawsuit, against Youtube-mp3.org, which the organizations said was the world’s biggest website for […]
Republican lawmakers are accusing the Obama administration of allowing countries like Russia, China and Iran to take control over the Internet. Their beef with the administration focuses on a relatively obscure nonprofit overseen by the U.S. government that is scheduled to become fully independent Saturday. The organization is called the Internet Corporation for Assigned Names […]
If you happen to be one of the owners of the 2 million or more accounts that Wells Fargo fraudulently created, the bank will be getting in touch asking if you need or want your credit cards. For many, the natural response probably would be disbelief at the sheer audacity of the question, prompting some […]
SolarCity Corp., the rooftop solar developer controlled by Elon Musk, was accused of misappropriating trade secrets and other intellectual property in a lawsuit over the development of shingled-cell solar modules. SolarCity got a head start in developing the modules after SunPower Corp.’s Cogenra Solar unit shared its shingling technology for manufacturing solar panels, according to a […]
No doubt about it, it’s a rough ride in retail right now. With the rise in online shopping, discount shopping becoming the norm and the middle class shrinking, brick-and-mortar retail is doing quite a bit of downsizing. In fact, there are about 2,500 store closings in the works across the U.S. Aéropostale, the teen clothing retailer has announced […]
Wells Fargo was just slapped with the biggest fine in the history of the Consumer Financial Protection Bureau after employees routinely opened unauthorized accounts for existing customers. But that still doesn’t make it the worst bank in the country, at least according to a new analysis of retail banks. Factoring in complaints, penalties and responsiveness […]
Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks. They say they too are under immense pressure to get customers to open multiple accounts. They described a […]
