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Beware Investing in Uber and Other ‘Unicorns’ Going Public, Goldman Sachs Says

Wednesday February 13th, 2019 02:36:52 PM
The venture-capital business is booming. That’s great for private startup investors, but it might not be so great for investors in the public markets. US Business

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US Business

Partisan Rift Threatens Federal Data-Privacy Law

Sunday February 17th, 2019 05:00:34 PM
Congress set the stage last year to pass a sweeping consumer data-privacy law in 2019, but prospects for legislation are dimming amid sharpening divides among lawmakers over how far the federal government should go in reining in Big Tech.

Uber Sales Growth Slows Further as IPO Nears

Saturday February 16th, 2019 12:31:57 AM
Uber Technologies, as it steers toward a planned IPO later this year, reported its slowest sales growth since the company began disclosing detailed financials two years ago.

Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy

Saturday February 16th, 2019 03:33:30 AM
Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation.

International Business Times

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Coca-Cola Funded Anti-Obesity Nonprofit GEBN Shuts Down After Allegations Of Coke's Involvement

Tuesday December 1st, 2015 09:10:04 AM
The Global Energy Balance Network (GEBN), a nonprofit organization funded by the Coca-Cola Co., said on its website late Monday that it will discontinue its operations. The announcement comes four months after it was revealed that the Atlanta, Georgia-based beverage maker was involved in the activities of the group.

Small Shops See Uptick In Customers Despite Lack Of Small Business Saturday American Express Incentives

Saturday November 28th, 2015 10:57:07 PM
In the wake of Black Friday, small shops and retailers were getting the attention on Saturday as United States consumers came out for Small Business Saturday -- a shopping holiday conceived by American Express in 2010. The day has become a way for small retailers, restaurants and shops to promote their establishments within their local communities.

Small Business Saturday: American Express Cuts Credit Incentives For Shopping Locally

Saturday November 28th, 2015 12:18:01 AM
Black Friday, Small Business Saturday, Cyber Monday – there’s a shopping day for everything at this time of year. But this year’s sixth annual Small Business Saturday will be missing one key factor: incentives for American Express credit card holders, the Chicago Tribune reported Friday.

International Business Times

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Elon Musk’s SpaceX Rocket To Mars Will 'Bleed' Fuel To Cool Off

Monday February 18th, 2019 04:18:00 AM
Elon Musk just hinted at significant changes to the Starship launch system for his SpaceX rocket to Mars that could help “cheapen” flight costs and eventually change the way we see space travel. The first change, announced last year, is to use stainless steel alloy instead of the usual carbon-fiber materials. The next change is to create a spaceship that will “bleed” rocket fuel to help it cool off and avoid burning up in both the Earth and Mars’ atmospheres.

International Business Times

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Iran's New Oil And Gas Contract Terms Flexible On Crude Price, Risk: Official

Saturday November 21st, 2015 01:48:00 PM
TEHRAN, Iran (Reuters) -- Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters Saturday. Iran is trying to lure back international oil companies to develop its vast oil and gas reserves once sanctions are lifted under a deal with world powers. Iran will announce a new development contract model at conferences in Tehran Nov. 28-29 ‎and in London in February.

With Crude Prices At Historic Lows, Saudi Arabia Pledges To Keep Oil Coming

Sunday November 8th, 2015 10:32:47 PM
A year after the price of crude went into free fall, the Kingdom of Saudi Arabia has said that it has no plans to reduce oil drilling. In comments to the Financial Times, Saudi officials said they see no reason to slow the supply of oil in advance of an international producers' meeting in December. 

How Will Federal Budget Deal Affect US Oil Security?

Wednesday October 28th, 2015 07:27:23 PM
As Middle East and Latin American countries grapple with sinking oil prices, the United States is considering a budget deal that would require the sale of 58 million barrels of oil from the emergency reserve created decades ago to shield the nation from market disruptions. While this release of crude is unlikely to directly affect oil prices, some experts say depleting the Strategic Petroleum Reserve could leave the U.S. vulnerable to unforeseen events that disrupt global oil markets.

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