Washington wants to put the brakes on U.S. companies that skirt taxes by merging with foreign companies. In the money world, we call that inversion. But will Jack Lew’s newly announced policies really make a difference? Plus, the National Institutes of Health announced today that it will give $10.1 million in grants to more than 80 scientists to work on gender balanced clinical trials. At present, most researchers work exclusively with male lab animals. They say that the hormonal cycles of female animals could skew study results. How will this $10.1 million help reverse gender bias in science research? We investigate.
Just a week after the launch of Apple's iPhone 6, Blackberry is hoping to ride the smartphone wave with the introduction of its newest device, the Passport. Blackberry sales have been less than stellar in recent years, but it's banking that this new phone, designed in a partnership with Porsche, will pull the Canadian-based company out of the financial doldrums by appealing to a niche smartphone market. Plus, it’s the start of the fall season and the once unbeatable television network FOX has taken a few hits of late since the audience decline of American Idol. Could the much anticipated show Gotham, which premieres tonight, help improve Fox’s ratings woes? We report.
As Alibaba, the Chinese e-commerce behemoth, debuts on the New York Stock Exchange we look at its ambitious founder Jack Ma and consider his significance. Plus, entrepreneur Jesse Herzog has designed a new kind of work suit and it’s a one piece suit with a twist. He calls it the suitsie. The concept might make you laugh (or not), but its creation begs the question: when did workplace dress codes, especially for office workers start to change? We investigate. Also, if your workplace has had you book travel plans on a website, chances are you used programming from the software company, Concur. Well, the Seattle-area based company is being gobbled up by another software giant, SAP. The cost of the deal for the German-based company? Over $8 billion. The acquisition is also expected to increase SAP's number of users for its cloud-based technology from 38 to 50 million users.
Nearly half of all households in major cities don’t have enough money saved to cover essential expenses in an emergency, according to a new study from Corporation for Enterprise Developments. We look at how much people are benefiting from the recovering economy when a job loss or major medical bill can derail their financial lives. Plus, the commercial space race is getting an added boost. Blue Origin, Jeff Bezos’ space venture, has announced a partnership with another space company to develop a new rocket engine. One that could potentially replace the Russian engines the US relies on – and gain an advantage over his rival, Elon Musk. Also, tomorrow the White House will unveil its campaign effort to curb sexual assaults on college campuses. It's called "it's On Us" and it focuses on the men's role in preventing sexual violence. Schools have been responding with training programs, tighter security etc. But there is a cost to getting these programs off the ground.
Yahoo is one of the biggest investors in Alibaba and the company stands to gain billions in the coming IPO. So what will Yahoo do with all that cash? Plus, the Fed’s Open Market Committee meeting concludes its two days of meetings in Washington today. Fed Chair Janet Yellen has hinted that interest rates could soon be on the upswing. But today’s CPI numbers came in lower than expected, and inflation continues to hover below the Fed’s 2 percent target. How much do low inflation rates complicate the Fed’s plans to raise interest rates? Also, not a good time to be embattled NFL commissioner Roger Goodell. Anheuser-Busch has fired a warning shot to the NFL, and hotel chain Radisson has pulled its corporate sponsorship from the Minnesota Vikings. But are some levers more powerful than others?
Whether it’s due to a weak slate of Fall shows or competition from the Web, big television networks are seeing a worrying decline in advertising revenue this quarter. Optimistic network execs see it as a blip, but could it be a signal of a bigger shift in the future of advertising to the masses? Also, a report says the cost of addressing global warming shrinks considerably when you consider the trillions the world is generally spending on power generation, transportation and infrastructure. The report’s proposals, however, still butts up against political realities. We investigate.
Clothing retailer ‘The Limited’ announced that it has teamed up with ‘Scandal’ star Kerry Washington and Lyn Paolo, the show’s costume designer, to launch a clothing line inspired by the hit TV series. We look at why retailers are increasingly going in this direction and how successful it's been for them. Plus, Microsoft co-founders Paul Allen and Bill Gates have committed a collective $59 million to fight the deadly Ebola outbreak in West Africa, substantially more than the U.S. government has so far put up to help end this Ebola epidemic. We explore what has changed and why philanthropies have felt the need to take the reigns in combating an acute international health crisis.
As the U.S. prepares to attack ISIS militarily, what implements of financial mass destruction does America have at its disposal to damage the fund-raising efforts of a non-state actor? Plus, logic suggests that a television show that receives high ratings, even on a cable channel, would have some longevity. But that’s not the case with the A&E show, Longmire. The show was abruptly cancelled after three seasons, despite millions of loyal viewers. Why did they pull the plug on Longmire? Also, the boardroom battle between Starboard and Darden, parent of Olive Garden, is heating up as a shareholder vote nears. Starboard, the activist hedge fund trying to take control, released a 300-slide presentation yesterday on what it will do to increase shareholder value. Get ready for fewer breadsticks and saltier pasta water.
The NFL is arguably the country’s most powerful sports league. We look at the wide range of NFL corporate tie-ins and business interests that make this behemoth a multibillion-dollar concern. Plus, the SEC is going after the small fry. As part of its “broken windows” policy, it’s fining companies and individuals for small infractions and reaping small sums. But this is about more than just reminding Wall Street that the SEC is out there. It’s about showing how the agency, and its attitude toward enforcement, has changed under new management. Also, Twitter goes to the bond market in an effort to raise as much as $1.5 billion. This is likely an attempt to build up its advertising business, but Twitter remains unprofitable and borrowing is cheap. So what does this tell us about the economy?
Today, President Obama is expected to discuss his plan for sustained military operations against the Islamic State, or ISIS. We explain why that could be a game-changer for the U.S. defense industry. Plus, carriers that have traditionally subsidized the cost of phones, like Sprint and Version, have released new phone plans for the iPhone 6. But how do they keep their margins high whilst ensuring affordability for their customers? We a take look at how mobile phone carriers have responded to the release of the iPhone 6. Also, a report by the Kaiser Family Foundation shows that the Affordable Care Act has made few waves in the employer-based insurance market where 58 percent of all Americans get their health coverage. And while it may be a long way off. How employees get their insurance could look very different than it does today.