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Enterprises

Wells Fargo to compensate car loan customers forced to buy auto insurance

cnbc.com

Wells Fargo to compensate car loan customers forced to buy auto insurance

- Wells Fargo said on Thursday that it would compensate around 570,000 customers with car loans who were harmed by being forced to buy auto insurance. The bank estimated the total cost at around $80 million. Auto-loan contracts require customers to have comprehensive insurance for potential damage, and the bank was permitted under the contracts to buy that coverage and pass on the cost if there was no evidence it had been purchased elsewhere, Wells Fargo noted in the statement on Thursday
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Categories: Business | 
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Farm earnings took 'gigantic' drop in Montana in 2016

missoulian.com

Farm earnings took 'gigantic' drop in Montana in 2016

- Farm earnings in Montana plunged 71 percent from 2015 to 2016 due to historic drops in the prices for wheat, cattle and other commodities. “It was a nightmare year for Montana ag producers,” said Patrick Barkey, an economist and the director of the Bureau of Business and Economic Research at the University of Montana. He was speaking as part of the 12th annual Economic Update Series at the Hilton Garden Inn in Missoula on Thursday
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Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings |  Economics |  Economists | 
Places: Americas |  North America |  United States |  West |  Mountain |  Montana | 

Will Micron keep growing in Boise? The CEO says company is in a ‘sweet spot’

idahostatesman.com

Will Micron keep growing in Boise? The CEO says company is in a ‘sweet spot’

- The new CEO of Micron Technology Inc. says the digital-memory maker will keep growing in Boise, adding employees as it takes advantage of surging worldwide demand for memory and data storage. Sanjay Mehrotra said Micron’s Southeast Boise campus will remain a center of excellence for technology development and a hub for the company’s global finance, sales and manufacturing development, even though most of its products are made elsewhere
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Places: Americas |  North America |  United States |  West |  Mountain |  Idaho |  Boise | 

Starbucks to shutter all Teavana stores as sales disappoint

bostonglobe.com

Starbucks to shutter all Teavana stores as sales disappoint

- NEW YORK — Starbucks is shutting down its struggling Teavana chain, and relying on customers who spend more on pricier drinks and food to drive up sales at its namesake coffee stores. The company reported disappointing global sales growth on Thursday, and said it will close all 379 Teavana locations over the coming year. It had acquired the U.S. mall-based chain in 2012, with then-CEO Howard Schultz citing the huge potential for the tea market
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Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts | 

Lawsuit alleges business owners engaged in labor trafficking Filipinos to Oklahoma 

kfor.com

Lawsuit alleges business owners engaged in labor trafficking Filipinos to Oklahoma 

- OKLAHOMA CITY – The ACLU and other groups have filed a federal lawsuit alleging Oklahoma business owners engaged in a human trafficking scheme that lured workers from the Philippines promising good wages but instead used them as cheap labor. A complaint seeking class-action status filed Wednesday said three Filipino workers brought to Clinton, Oklahoma, about 80 miles west of Oklahoma City, paid thousands of dollars in recruiting fees to cover visa-related costs that should be incurred by sponsoring U
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Places: Americas |  North America |  United States |  South |  Southcentral US |  Oklahoma | 

'Supernatural' stars enjoy family business of being Comic-Con rock stars

usatoday.com

'Supernatural' stars enjoy family business of being Comic-Con rock stars

- SAN DIEGO — Supernatural stars Jensen Ackles and Jared Padalecki began Comic-Con week doing a keg stand with Conan O’Brien, and finished on Sunday by getting their faces melted by the band Kansas. But for thousands of screaming fans who showed up to the pop-culture extravaganza, those two were the real rock stars. The long-running CW drama enters its 13th season Oct
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Categories: Business |  Entertainment & Arts | 
Tags: Enterprises |  Music |  Music Genres |  Rock Music |  Rock stars |  Family business | 
Places: Americas |  North America |  United States | 

Jeff Bezos briefly dethrones Bill Gates as world's richest person

cnn.com

Jeff Bezos briefly dethrones Bill Gates as world's richest person

- Just over two decades ago, Jeff Bezos started selling books online from his garage. Today, the Amazon CEO surpassed Bill Gates as the richest person on Earth, for a few hours at least. Bezos's net worth topped $90 billion on Thursday morning, allowing the Amazon founder and CEO to dethrone Gates, the co-founder of Microsoft , as the richest man in the world, according to Forbes and Bloomberg
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Places: United States | 

Starbucks to shutter all Teavana stores as sales disappoint

stltoday.com

Starbucks to shutter all Teavana stores as sales disappoint

- NEW YORK • Starbucks plans to shutter all its Teavana stores, including four in the St. Louis area, as it seeks to improve its financial performance. The company said Thursday it will close all 379 Teavana locations over the coming year. It had acquired the mall-based chain in late 2012, and said this past April that it was reviewing options for it
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Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States |  Midwest |  East |  Illinois | 

Ameren names 7 energy-focused startups for its new accelerator program

stltoday.com

Ameren names 7 energy-focused startups for its new accelerator program

- Ameren on Thursday identified seven energy-focused startup companies that have been chosen to take part in its new Ameren Accelerator program — an initiative that pools money and resources to help new companies develop and market tech products geared toward energy. The selected companies come from the United States, Canada and the United Kingdom, including two startups from St. Louis. First announced in March, the accelerator program combines funding from Ameren with relevant expertise and mentorship from the utility, the University of Missouri-St
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Tags: Enterprises |  Start-ups | 
Places: Americas |  North America |  United States |  Midwest |  East |  Illinois | 

Forbes: Amazon CEO Bezos was briefly the world's richest man

abcnews.com

Forbes: Amazon CEO Bezos was briefly the world's richest man

- Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon's stock fell nearly 1 percent for the day to $1,046. Amazon shares have been trading at a record high. They hit $1,083.31 at about noon Thursday
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Categories: Business |  Technology | 
Places: United States | 

Amazon’s sales grow 25 percent, but earnings miss expectations

seattletimes.com

Amazon’s sales grow 25 percent, but earnings miss expectations

- Amazon.com’s second-quarter revenue surpassed Wall Street expectations, but its earnings fell short of analysts’ hopes. The e-commerce giant reported Thursday that its sales rose 25 percent to $38 billion. When excluding a $502 million hit due to foreign-exchange gyrations, the increase in sales tops 26 percent. Analysts had expected on average a revenue increase of 22.3 percent to $37.18 billion. On the other hand, Amazon yielded a lot less profit than investors expected
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Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings |  Sales | 
Places: United States | 

Jeff Bezos dethrones Bill Gates as world's richest person

wfsb.com

Jeff Bezos dethrones Bill Gates as world's richest person

- NEW YORK (CNNMoney) -- Just over two decades ago Jeff Bezos started selling books online from his garage. Today, the Amazon CEO is the richest person on Earth. Bezos's net worth topped $90 billion on Thursday, allowing the Amazon founder and CEO to narrowly dethrone Microsoft co-founder Bill Gates as the richest man in the world, according to Forbes and Bloomberg
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Categories: Business | 
Places: Americas |  North America |  United States | 

London fire: UK police say there are "reasonable grounds" to suspect corporate manslaughter

usatoday.com

London fire: UK police say there are "reasonable grounds" to suspect corporate manslaughter

- Police investigating the fatal Grenfell fire disaster found Thursday that there are "reasonable grounds" to suspect that the Royal Borough of Kensington and Chelsea and the council's Tenant Management Organization may have committed corporate manslaughter. The heads of the organizations will be interviewed by police as part of a criminal investigation into the June 14 inferno at the 24-story apartment tower in west London that killed at least 80, British media reports
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Places: United States | 

Alaska Air profit rises, with little impact from Horizon's troubles

oregonlive.com

Alaska Air profit rises, with little impact from Horizon's troubles

- SEATTLE -- The problems thousands of passengers have faced this summer due to hundreds of canceled flights on Alaska Air Group's regional Horizon Air subsidiary didn't much concern Wall Street analysts after the company reported its quarterly earnings Wednesday. Horizon Air last year accounted for just 1 percent of the company's overall profit. So far this year, with flight cancellations slowly mounting since January, Horizon has lost $16 million
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States |  Alaska | 

Bedford business owner charged with human trafficking

wdrb.com

Bedford business owner charged with human trafficking

- LOUISVILLE, Ky. (WDRB) -- Kentucky State Police say they've arrested the owner of a Bedford-based business and charged him with human trafficking. According to a news release, 56-year-old Jesus Chavez is the owner and operator of Drain Pro, a general maintenance company. Police say a man who had performed 60 hours of contract plumbing work for Chavez at a Sparta, Kentucky, Ramada Inn asked Chavez for payment, but he refused
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Places: Americas |  North America |  United States |  Kentucky | 

TechnipFMC cuts 4,000 jobs, reports profit in post-merger period

chron.com

TechnipFMC cuts 4,000 jobs, reports profit in post-merger period

- Recently merged offshore services giant TechnipFMC said it cut 4,000 jobs worldwide as it further integrated the operations of its predecessor companies, the French company Technip and FMC of Houston. TechnipFMC, which has its operational headquarters in Houston, reported a $165 million quarterly profit, but the gain comes after a major accounting error swung its first-quarter earnings from a gain to a loss
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Home / United States / Business / Enterprises

Enterprises - United States

  • Wells Fargo to compensate car loan customers forced to buy auto insurance
    Wells Fargo to compensate car loan customers forced to buy auto insurance

    , cnbc.com

    Wells Fargo said on Thursday that it would compensate around 570,000 customers with car loans who were harmed by being forced to buy auto insurance. The bank estimated the total cost at around $80 million. Auto-loan contracts require customers to have comprehensive insurance for potential damage, and the bank was permitted under the contracts to buy that coverage and pass on the cost if there was no evidence it had been purchased elsewhere, Wells Fargo noted in the statement on Thursday
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States | 

Corporate

  • Wells Fargo to compensate car loan customers forced to buy auto insurance
    Wells Fargo to compensate car loan customers forced to buy auto insurance

    , cnbc.com

    Wells Fargo said on Thursday that it would compensate around 570,000 customers with car loans who were harmed by being forced to buy auto insurance. The bank estimated the total cost at around $80 million. Auto-loan contracts require customers to have comprehensive insurance for potential damage, and the bank was permitted under the contracts to buy that coverage and pass on the cost if there was no evidence it had been purchased elsewhere, Wells Fargo noted in the statement on Thursday
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States | 

Companies

  • WATCH:  Tech companies spend millions on lobbying
    WATCH: Tech companies spend millions on lobbying

    , abcnews.com

    In today's expects record spending on lobbying by major tech companies but Google alone spent more trying to influence elected officials and any other corporation. Nearly six million dollars in the second quarter other big spenders included Amazon apple and at Woburn. Next call it Pokemon know a sold out event in Chicago celebrating the games one year anniversary turn into an disaster went technical snags
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    Categories: Business | 
    Tags: Corporate |  Companies |  Enterprises |  Money |  Expenditure |  Money Management | 
    Places: Americas |  North America |  United States | 

Entrepreneurs

  • Lawsuit alleges business owners engaged in labor trafficking Filipinos to Oklahoma 
    Lawsuit alleges business owners engaged in labor trafficking Filipinos to Oklahoma 

    , kfor.com

    OKLAHOMA CITY – The ACLU and other groups have filed a federal lawsuit alleging Oklahoma business owners engaged in a human trafficking scheme that lured workers from the Philippines promising good wages but instead used them as cheap labor. A complaint seeking class-action status filed Wednesday said three Filipino workers brought to Clinton, Oklahoma, about 80 miles west of Oklahoma City, paid thousands of dollars in recruiting fees to cover visa-related costs that should be incurred by sponsoring U
    Read More ...

     

    Categories: Business |  Society & Culture |  Law & Crime | 
    Places: Americas |  North America |  United States |  South |  Southcentral US |  Oklahoma | 

Profits

  • 5 Mobile Marketing Practices Every Profit-Minded Business Should Adopt
    5 Mobile Marketing Practices Every Profit-Minded Business Should Adopt

    , entrepreneur.com

    Free Webinar | August 16th Find out how to optimize your website to give your customers experiences that will have the biggest ROI for your business. With millennials checking their phones and the average person regardless of age spending five hours a day on his or her smartphone, mobile devices are firmly entrenched as today's leading media.By 2019, This applies to all ecommerce sites; even product-review sites like Yelp or BestAdvisor are in this mix
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    Categories: Business |  Technology | 
    Places: Americas |  North America |  United States | 

Management

Sales

  • Big sales and small 2nd-quarter loss at Columbia
    Big sales and small 2nd-quarter loss at Columbia

    , oregonlive.com

    Columbia Sportswear announced record second-quarter sales Thursday of $398.9 million. But the Northwest Portland company lost $11.5 million, or 17 cents a share. "We delivered solid first-half financial results featuring growth from three of our four brands and all four geographic regions," said Tim Boyle, Columbia president and chief executive officer. "First-half sales growth of three percent and earnings growth of four percent are on pace with our full-year expectations
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    Categories: Business | 
    Tags: Corporate |  Enterprises |  Sales | 
    Places: Americas |  North America |  United States |  South Carolina |  Columbia |