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The 40 largest publicly-traded US oil companies lost a combined $67 billion in 2015, according to Energy Information Administration research. Those losses are expected to continue in 2016 as oil prices remain near $42 a barrel. Losses surpassed $1 billion each for many companies including EOG Resources, Devon Energy, and Linn Energy, among others. The EIA […]
Google is planning to keep its talent closer to home by creating an in-house startup incubator for its most entrepreneurial employees, according to a report by The Information. The incubator is called “Area 120” and will be headed up by Google executives Don Harrison and Bradley Horowitz. Here’s how Area 120 is setup: Teams at Google will […]
Billionaire Richard Branson has started over 100 businesses since he was 16. Almost all of them were successful, but to date, at least 15 have failed. It’s not surprising that some of Brandon’s businesses failed. After all, the billionaire has always thought big and says that he lost count of the number of times he […]
A new study from Hired, a career marketplace, has found that entry level millennial women are more likely to ask for a higher salary than their male counterparts and female employees from older generations. The study found that young millennial women ask for 2% higher salaries than men. Hired found that final salaries for junior women […]
April 12 is equal pay day and both Microsoft and Facebook are using this time to announce that they have officially closed the gender pay gap at their respective companies. The tech industry has been traditionally slanted towards men and with it has traditionally arrived larger salaries, an issue that has moved to the forefront […]
A key part of the Keystone pipeline has sprung a leak in South Dakota. The oil spill was confirmed by TransCanada. TransCanada, which operates the pipeline, reported a spill of about 187 gallons of crude oil to the Coast Guard’s National Response Center on Saturday afternoon. In a statement the company said it was already removing […]
When Apple debuted the iPhone series on June 29, 2007, nobody knew the company had invented a smartphone that would sell one billion units. But that’s exactly what the company is about to accomplish. At the end of 2015 Apple had sold through 896 million iPhone devices. Wall Street analysts’ believe after the company reports […]
Brazilian prosecutors on Thursday charged Joseph Safra, the world’s richest banker, with a scheme aimed at paying bribes to government officials in return for waiving tax debts. Prosecutors say Safra had knowledge of a 2014 plan executed by executives at his BancoSafra SA to pay $4.2 million in brides to federal tax auditors. Prosecutors will present […]
Clifford Hudson, CEO of Sonic, believes a minimum wage hike will likely lead to higher menu prices for customers. States from California to New York have already raised wages or are currently working towards that goal. In some states, wages by 2020 will reach $15 per hour for minimum wage employees. “I am not suggesting that […]
Warren Buffett is synonymous with Berkshire Hathaway but there will eventually be the day when the 85-year-old investor is no longer at the helm of the company he founded. When that day arrives UBS’ Brian Meredith believes the company will be able to get along just fine without its long-time leader. “While Buffett’s superior capital allocation […]
Pandora founder Tim Westergren is taking over as the company’s CEO and investors are not happy with the move. Shares at Pandora fell by as much as 10% on Monday after Pandora announced the executive-level management shakeup. Pandora has struggled to keep pace with the likes of Spotify and Apple. Investors in the company were […]
Facebook UK staffers are in for a big treat. The company will pay £280 million ($396 million) to its UK-based staff over the next three years to offset the amount of tax it has to pay to the UK Treasury. Each employee is set to receive £775,000 ($1.1 million), which Facebook will list as a taxable expense. News […]
