New York AG: Daily Fantasy Sports Is Gambling

  New York AG: Daily Fantasy Sports Is Gambling By Burt Carey Daily fantasy sports operators are fighting for their lives following a finding this week by the New York attorney general that their business model constitutes illegal gambling and must stop taking wagers from New York residents. New York attorney general Eric Schneiderman dealt […]

Irony: Amazon Opens a Bookstore in Seattle

  Irony: Amazon Opens a Bookstore in Seattle By Burt Carey Business can be odd at times. Just ask anyone at Amazon. After the Seattle-based online retail behemoth opened a brick-and-mortar bookstore this week, virtually every industry analyst was caught marveling at the irony of such a move. For years Amazon ruthlessly cut prices on […]

Walgreens Pays $9.4 Billion for Rival Rite Aid

  Walgreens Pays $9.4 Billion for Rival Rite Aid By Burt Carey Walgreens reached a deal Tuesday to buy rival pharmacy Rite Aid for $9.4 billion, combining the second and third largest companies in the retail industry. By agreeing to take on Rite Aid’s debt, the total deal is worth about $17.2 billion and gives […]

Nielsen Expected to Roll Out Total Audience Measurement Tool

  Nielsen Expected to Roll Out Total Audience Measurement Tool By Burt Carey For the past 65 years the Nielsen Company has been the standard bearer for measuring television viewership. With the emergence of digital video recording, video on demand and mobile devices, advertisers and broadcasters alike have been clamoring for a tool to measure […]

Anheuser-Busch InBev, SABMiller Reach $104 Billion Merger Agreement

  Anheuser-Busch InBev, SABMiller Reach $104 Billion Merger Agreement By Burt Carey The world’s two largest beer companies announced tentative agreement Tuesday on a $104.2 billion merger. Anheuser-Busch InBev, already the world’s largest beer maker, and SABMiller agreed to terms that will put 18 of the 40 best-selling brews worldwide under a single company, with […]

Your Taxes: Feds Take in Record Haul While Corporations Hide Profits Overseas

  Your Taxes: Feds Take in Record Haul While Corporations Hide Profits Overseas By Burt Carey   Reports just before the end of the federal government’s fiscal year suggest Uncle Sam had collected a record $2.67 trillion in taxes in the first 10 months of fiscal year 2015. Analysts expect the final tally for the […]

Syrian War Prompts Calls for Dipping Into Doomsday Seed Storage Vault

  Syrian War Prompts Calls for Dipping Into Doomsday Seed Storage Vault By Burt Carey Forget those Hollywood portrayals of doomsday preppers building fortified bunkers, storing food and other supplies, and hoarding cases upon cases of ammunition in preparation of post-Armageddon survival. There’s a real doomsday vault above the Arctic Circle on a Norwegian island […]

9 Major Banks Form Partnership Embracing Blockchain, the Technology Behind Bitcoin

  9 Major Banks Form Partnership Embracing Blockchain, the Technology Behind Bitcoin By Burt Carey Bitcoin’s besmirched reputation might never allow virtual coinage to replace dollars, Euros, yuan and other currencies around the world, but the technology used to run the cryptocurrency world just grew some serious legs. It’s called blockchain, and if you haven’t […]

Verizon First Wireless Carrier To Test 5G

  Verizon First Wireless Carrier To Test 5G By Burt Carey Just five years after becoming the first wireless cellular network to introduce 4G, Verizon announced this week that it will test 5G beginning next year, with an expected commercial launch in 2017. What 5G means to consumers is speed. Verizon claims its service will […]

Falling Crude Oil Prices Lead to Oil Company Layoffs

  Falling Crude Oil Prices Lead to Oil Company Layoffs By Burt Carey Crude oil traded at just $40 per barrel last week, adding to the dramatic downfall in gasoline prices at the pump for consumers. But cheap gas isn’t being heralded by more than 100,000 American workers whose jobs have disappeared since June 2014 […]