Uber may be one of the most talked-about companies today, but not all of its press is good. In fact, the ride-sharing app company has faced major criticism over the past few years for its lack of security. But hopefully that is about to change. In a statement made this week, Uber says it is […]
Danish Drug Maker Novo Nordisk to Cut 1,000 Jobs To Reduce Costs
Novo Nordisk is the largest insulin maker in the world and with [type 2] diabetes on the rise you would think that business is good for them. Well, if things are swimming along nicely for Novo Nordisk, then why are they cutting approximately 1,000 jobs as part of a plan to lower costs? It might […]
Consumer Spending Drops, Will Fed Now Hike Interest Rates?
The most recent data claims that US consumers are spending less and less at retailers, with the drop in August representative of the weakest pace in five months. This is mostly reflected by a drop in automobile purchases. In addition, though, income growth has also fallen, with salary gain showing a slowdown for at least […]
Can Spotify Make It In Japan?
It has taken many years of planning, but Spotify has finally launched in Japan. But even after all this time, it looks like Japan still may not receptive. Japan is the second largest recorded music market in the world—after the United States, of course—but their tastes are and their fandom far more committed, in many […]
Amgen Multiple Myeloma Drug Fails to Surpass Competition in Trial
Shares of Amgen fell slightly—by 1.5 percent, to $170.90—this week on the report that its multiple myeloma drug—carfilzomib, under the brand name Kyprolis–did not outperform the competition in a head-to-head, late-stage study regarding efficacy on previously untreated patients. The United States Food and Drug Administration had already approved Kyprolis for multiple myeloma patients who had […]
China To Lift 13-Year Ban on US Beef
13 years ago, China issue a ban on US beef. This was largely on the heels of a mad cow disease scare, resulting in a major shrinking of the market, of course. However, this week, China announced its plan to lift this ban, making US beef available in the major economy. This, of course, is […]
Young Workers On Hook For Public Pension Debt
Unfunded liabilities for public pension plans have been growing quickly over the years. Today, a number of states have public pension debts of hundreds of billions of dollars and they are not pulling in enough money to pay those debts in the time frames promised. A recently conducted study found that the state and local […]
Are Mutual Funds Good for Everyone?
Mutual funds are considered one of the best ways to invest retirement savings for substantial growth before you reach your retirement years. The return on investment can be considerably higher than stashing your savings in a savings account or investing in bonds or certificates of deposit. If you are investing with a tax-deferred account, your […]
Chipotle Launches New Campaign To Refocus Consumer Attention on Their Improved Food Safety
Chipotle Mexican Grill Inc launched a new marketing effort to get back their fans. This initiative will mostly outline the depth to which the company has improved its food safety guidelines. This, of course, is important since consumers are still wary of the chain’s food safety after the very recent foodborne illness outbreak. Describing the […]