Time Inc. Names Rich Battista CEO
Updated Sept. 13, 2016 9:36 a.m. ET Time Inc. TIME -0.10 % on Tuesday named Rich Battista its new chief executive officer, continuing a shuffling of the top ranks at the biggest U.S. magazine publisher. He will take the helm, effective immediately, from Joe Ripp, who will continue as executive chairman and remain with the company through Sep. 30, 2018. In an interview, Mr. Ripp, 64 years old, said he had a “health incident” a few weeks ago that made him realize he coul..>> view originalOil futures drop after IEA cuts demand forecast
Oil futures traded sharply lower on Tuesday after the International Energy Agency cut its crude demand forecast, warning that supply will continue to outpace demand well into 2017. On the New York Mercantile Exchange, October West Texas Intermediate crude CLV6, -2.83% ..>> view originalUS Household Incomes Surged 5.2% in 2015, First Gain Since 2007
Incomes in the U.S. surged in 2015, delivering the first increase for family households in eight years. The median annual household income—the level at which half are above and half are below—rose 5.2% from a year earlier, or $2,800, after adjusting for inflation, to $56,500, the Census Bureau said Tuesday. The boost leaves household...>> view originalIkea's Belated Embrace of Online Shopping Is Finally Paying Off
Ikea reported record annual sales on Tuesday, including a 30% leap in online revenues after the Swedish budget furniture retailer belatedly embraced e-commerce. For years, Ikea has relied on shoppers to travel to its huge out-of-town stores and carry goods home themselves. But it is investing in online shopping and now also experimenting with pick-up points and smaller shops, aiming to head off competition from online retailers such as Amazon amzn and home24, as well as more traditional ..>> view originalDow set to cough up previous day's gain and then some as oil falls
U.S. stocks on Tuesday traded at session lows as a slump in the energy sector helped to unwind the previous session’s healthy gains and then some. A decline in crude-oil prices, as the International Energy Agency warned of slowing growth in demand, pressured the oil-and-gas sector. The Dow Jones Industrial Average ..>> view originalAtlanta Fed chief stepping down
A top Federal Reserve official announced Wednesday he plans to step down in February.Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, said he would be seeking new opportunities, leaving the regional bank on Feb. 28. Lockhart has led the Atlanta Fed since 2007."It has been an enormous privilege to serve as president of the Federal Reserve Bank of Atlanta," Lockhart said. "The Atlanta Fed is an outstanding organization, and its employees are steadfastly dedicated to helpi..>> view originalTrump says the economy is fake
Trump says the economy is fake By Ben White 09/13/16 08:00 AM EDT TRUMP SAYS THE ECONOMY IS FAKE — POLITICO’s Ben White: “Donald Trump is trying to convince Americans that much of what they hear about the state of the economy — from the unemployment rate to the soaring stock market — is a politically manipulated lie. The GOP nominee’s latest attempt came Monday morning as he suggested on CNBC that Federal Reserve Chair Janet Yellen was holding interest rates artificially lo..>> view originalPandora Signs Major Labels as It Looks Toward Long-Awaited On-Demand Service
Pandora, the world's largest Internet radio, said it signed licensing deals with major labels and a string of indies, paving the way for a new on-demand service. Leon Lazaroff. Follow. Sep 13, 2016 11:52 AM EDT. Get TheStreet Quant Ratings' exclusive 5 ...>> view originalOprah to Weight Watchers: You get a new CEO
27 Share This Story!Let friends in your social network know what you are reading aboutOprah to Weight Watchers: You get a new CEO Weight Watchers is in need of a new CEO, and it's turning to Oprah Winfrey for help. Sent!A link has been sent to your friend's email address.Posted!A link has been posted to your Facebook feed. Oprah to Weight Watchers: You get a new CEO Oprah Winfrey has created another best seller.(Photo: Ben Gabbe, Getty Images)..>> view originalAl Capone, Meet Wells Fargo
As the latest Wells Fargo scandal was breaking, the music world learned of the death of Prince Buster. He's the Jamaican ska legend who made a record called "Al Capone" and sang "Enjoy yourself/it's later than you think." I wonder what he thought about Wall Street? Banking giant Wells Fargo agreed to pay a $185 million fine last week, after it was discovered that its employees have opened than 2 million phony checking and credit card accounts in its customers' names. A week before Wells Fargo'..>> view original
Wednesday, October 5, 2016
Time Inc. Names Rich Battista CEO and other top stories.
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