Business

 

HobbyLobbyStowOhioHobby Lobby fired an employee yesterday for divorcing her husband without company approval.

33-year old Jennifer Silverton of Scottsdale, Ariz., spent seven years as a cashier at the arts and crafts retail giant and was promoted to assistant manager just two weeks ago.... Read More →

 

VodkabanAs the United States tightens economic sanctions against Russia, the Obama administration announced today an import ban on Russian vodka effective immediately.

In a press conference today, Secretary of State John Kerry told reporters that he decided on the move to punish Moscow for its invasion of Crimea.... Read More →

 

DimonMexicoAs the rhetoric in Washington, D.C. moves toward addressing income inequality, super wealthy Americans are expressing interest in moving out -- and going south of the border.

Mexican immigration officials reported that their website saw a massive surge in visitor traffic in the weeks following President Obama's executive order to raise the minimum wage. Data provided by the National Security Agency (NSA) showed that most online visitors originated from the United States' wealthiest Zip codes.... Read More →

 

walmart_5Walmart announced plans today to create its own payday loan business to support its financially strapped employees.

In a press release posted on its website, the nation's largest retailer said that it decided to launch the service after hearing complaints that workers often have trouble paying their monthly bills.... Read More →

 

blockbuster_1250The Treasury Department this morning quietly announced a massive bailout of Blockbuster Video.

According to a department spokesperson, the government will be injecting $2 billion into the ailing company in hopes of preventing its closure and saving thousands of jobs.... Read More →

 

goldmanwaterGoldman Sachs is coming under fierce criticism today for attempting to profit from Typhoon Haiyan though price gouging.

According to local reports, a company controlled by the notorious Wall Street investment bank is taking advantage of the storm's chaotic aftermath in the Philippines to charge huge markups on basic supplies, even selling one-liter bottles of water for 875 pesos (US$20) to thirsty survivors.... Read More →

 

dick-fuld-0062-e1379481350448The former CEO of investment bank Lehman Brothers was arrested this morning for purchasing medical marijuana in Boulder, Colorado.

In a statement to local media, the Drug Enforcement Agency (DEA) said it apprehended Wall Street kingpin Dick Fuld while raiding the Flatiron Herbal Wellness Center, a popular dispensary in this picturesque college town outside Denver.... Read More →

 

Goldman_Sachs-baby-foodFederal authorities announced today they are investigating Goldman Sachs for attempting to corner the baby food market.

According to a complaint filed by the Federal Trade Commission (FTC), Goldman has been using shell companies to buy bulk shipments of baby food and keep it in warehouses until scarcity forces prices to rise. The Wall Street investment bank then sells back the baby food to retailers at a substantial profit.... Read More →

 

Goldman_Sachs.svgEdward Snowden, the intelligence whistleblower on the run from the U.S. government, has reportedly accepted a top job with investment banking giant Goldman Sachs.

In a related development, the U.S. Department of Justice announced that it will drop all charges against him, and President Barack Obama has promised to pardon him if ever convicted.... Read More →

 

800px-Antarctic,_iceberg_(js)_10The CEO of oil giant ExxonMobil is stranded off the coast of Greenland after a company exploration ship hit an iceberg.

According to a press release, Rex Tillerson was on the ship to check up on the development of the firm's Disko Bay oil field when the vessel unexpectedly ran into one of the increasing number of icebergs floating in the area.... Read More →

 

AgustaWestland-AW101-VVIP-helicopter-exterior1The U.S. Federal Reserve has leased 736 helicopters in the past two weeks, an investigation by The Daily Currant has revealed.

According to sources the fleet is intended to be used in the Fed's new Aerial Liquidity Dispersal Operations (ALDO), an unconventional monetary easing program designed personally by Federal Reserve Chairman Ben Bernanke.... Read More →

 

mark-cuban-what-entrepreneurs-need-to-know-before-starting-a-businessBillionaire Mark Cuban bought this weekend's winning Powerball lottery ticket, and will be awarded $590 million.

According to the Tampa Post, the eccentric owner of the Dallas Mavericks purchased the ticket while in Florida scouting for up and coming basketball talent.... Read More →